Business Category

Fitch: Thai Telcos Face Stagnant Revenue, High Marketing Cost
August 26th 2014 - 23:25 GMT
Thailand's three largest mobile phone operators are likely to report 2014 service revenue that is unchanged from a year earlier compared with growth of 7.3% in 2013....more

Vodafone Buys Greek Landline Operator
August 25th 2014 - 03:25 GMT
Vodafone is paying EUR72.7 million to buy a near 78 percent stake in Hellas Online, a Greek landline and broadband internet provider....more

China's 4G Rollout Boosts ZTE's Financial Profile
August 25th 2014 - 02:45 GMT
Fitch Ratings says the rollout of China's 4G networks has provided ZTE an opportunity to repair its credit profile and deleverage, with encouraging signs evident in its 1H14 financial results....more

NII Holdings Misses Debt Repayment Deadline
August 16th 2014 - 03:40 GMT
Latin American mobile network operator, NII Holdings has defaulted on a payment of just under US$119 million in interest payments on its debt....more

Econet Wireless Secures $150 Million for Network Upgrades
August 15th 2014 - 01:55 GMT
The African Export-Import Bank (Afreximbank) has announced the closing of a US$150 million financing facility for Econet Wireless to enable the company fund its expansion programme....more

Samsung to Acquire M2M Platform, SmartThings
August 14th 2014 - 23:20 GMT
Samsung Electronics announced that it has entered into an agreement to acquire the M2M developer, SmartThings for an undisclosed amount....more

Fitch Downgrades Telecom Namibia on Weakening State Support
August 14th 2014 - 23:00 GMT
Fitch said that the downgrade reflects its view that state support for TN has weakened. TN's standalone credit profile has deteriorated with no significant evidence of government support. ...more

Moody's Downgrades NII Holdings over Bankruptcy Concerns
August 14th 2014 - 04:10 GMT
NII Holdings -- which operates Nextel branded services in Latin America -- has had its debt ratings downgraded as the company faces the possibility of falling into bankruptcy....more

Fitch: Samsung and Apple to Lose Global Smartphone Market Share
August 13th 2014 - 03:10 GMT
Samsung's and Apple's global smartphone shipment market share will decline to around 25% and 14%, respectively, by 2015 (2013: 31% and 15%), says Fitch Ratings....more

Etisalat Nigeria Sells Towers to IHS Holding
August 13th 2014 - 01:20 GMT
Etisalat Nigeria is selling a large portion of its tower assets to IHS Holding for an undisclosed amount. ...more

Safaricom Renews Plans to Buy Yu's Mobile Network Infrastructure
August 13th 2014 - 01:00 GMT
Kenya's Safaricom has confirmed that it will apply to buy the network assets of smaller rival, Essar's Yu after overcoming regulatory problems....more

Bahrain's Batelco Pursues Former Indian Partner for Compensation
August 12th 2014 - 01:45 GMT
Bahrain's Batelco has moved a step closer to securing the US$212 million it is claiming in damages from its former Indian partners, C Sivasankaran and Siva Ltd....more

Bharti Airtel Raises $350 Million from Tower Sale
August 12th 2014 - 01:00 GMT
India's Bharti Airtel has confirmed that it sold shares in its publicly listed towers subsidiary to bring it into line with stock exchange regulations....more

Smaato Raises $25 Million for Mobile Ad Expansion
August 11th 2014 - 02:15 GMT
The mobile advertising agency, Smaato says that it has raised an additional US$25 million in investment funding....more

Pantech to File for Bankruptcy This Week
August 11th 2014 - 01:25 GMT
South Korea's struggling mobile phone manufacturer, Pantech plans to file for bankruptcy again this week after its latest attempt to stave of receivership failed....more

Fitch: Telefonica Offer For GVT Would Add Synergies Not Debt
August 7th 2014 - 00:15 GMT
Telefonica's EUR6.7bn offer for Brazil's Global Village Telecom would be credit positive because it would further diversify revenues and strengthen its position in a core market without adding leverage, ...more

Vodafone Debt Ratings Downgraded Following Acquisitions
August 6th 2014 - 23:55 GMT
Fitch said that the downgrade is driven by an increase in leverage resulting from the acquisition of Spanish telco, Ono....more

Telefonica Makes $9 Billion Bid to Boost Brazilian Presence
August 6th 2014 - 00:15 GMT
Telefonica has made a US$9 billion bid to expand its operations in Brazil as the threat of regulatory action over its cross shareholding in a rival Brazilian mobile network diminishes....more

Sprint Drops Plans for $32 Billion Takeover Bid for T-Mobile USA
August 5th 2014 - 22:53 GMT
The long expected merger of USA based Sprint and T-Mobile has been dropped, and Sprint's CEO has resigned, according to news reports overnight....more

Egypt's Etisalat Misr Looking at Stock Market Listing
August 5th 2014 - 01:50 GMT
Etisalat's Egyptian subsidiary, Etisalat Misr is reportedly in talks with investment banks to file for a stock market listing on the Cairo exchange....more

Fitch Affirms Indonesia's Telkom at 'BBB-'; Outlook Stable
August 5th 2014 - 00:40 GMT
Constrained by Sovereign Rating: Telkom's IDRs are capped by the ratings on the Indonesian sovereign, due to the government's 52.6% shareholding in Telkom. The government, through its control of the company's board of directors, has significant influence over the company. ...more

Fitch: Iliad T-Mobile USA Bid Increases DT's Strategic Options
August 4th 2014 - 01:00 GMT
Iliad's offer to acquire Deutsche Telekom's (DT) stake in T-Mobile USA expands DT's strategic options with regard to this stake....more

Russia's MTS to Return to Uzbek Market Following Dispute Settlement
August 3rd 2014 - 23:00 GMT
Russia's MTS has settled its long-running dispute with the government of Uzbekistan, and plans to resume mobile services in the country, in a joint venture with the government....more

France's Iliad Launches Surprise Takeover Bid for T-Mobile USA
August 1st 2014 - 00:05 GMT
France's smallest mobile network operator, Iliad has launched a US$15 billion offer to buy a majority stake in T-Mobile USA. ...more

Nokia Networks Buys Panasonic's Base Station Division
July 31st 2014 - 23:00 GMT
Nokia Networks has signed a deal to buy Panasonic's base station system business and related wireless equipment system business....more

Visa Invests in Mobile Payments Processing Company
July 30th 2014 - 01:30 GMT
The mobile payments processor, LoopPay says that it has received an investment from Visa, although it declined to say how much the investment was worth....more

Ericsson Acquires MetraTech to Expand Cloud and Enterprise Billing Capabilities
July 30th 2014 - 00:00 GMT
Ericsson has announced that it is buying USA-based MetraTech, a provider of metadata-based billing, commerce and settlement services....more

BlackBerry Buys German Voice Encryption Provider, Secusmart
July 29th 2014 - 23:45 GMT
BlackBerry has announced that it is buying Secusmart, a provider of voice and data encryption and anti-eavesdropping services....more

Cukurova Close to Securing $1.6 Billion Loan to Settle Turkcell Dispute
July 28th 2014 - 02:30 GMT
The long running saga over control of Turkey's Turkcell has moved a step closer to resolution after a British court approved plans by Cukurova to repay a US$1.6 billion loan to Russia's Altimo....more

Batelco Profits Down on One-Off Costs
July 27th 2014 - 23:00 GMT
Bahrain's Batelco has reported a 22.4 percent drop in its second quarter profits as the company was hurt by one-off costs as well as increased competition in its core markets....more

Baidu's Mobile Search Leadership Sustains Ratings
July 26th 2014 - 11:35 GMT
Fitch Ratings says that Baidu's continued solid performance in 2Q14 reinforces its belief that Baidu's cross-channel leadership in search advertising in China will continue to sustain its credit profile, ...more

Indonesian Tower Operator Raises Funds for Aquisitions
July 25th 2014 - 01:15 GMT
Indonesia's Tower Bersama Infrastructure (TBIG) is reported to have lined up US$1.8 billion in funding should it win a bid to buy a number of towers being sold by the country's largest mobile network operator, XL Axiata....more

LG Ships Record Number of Smartphones in Past Quarter
July 24th 2014 - 03:35 GMT
South Korea based LG says that it shipped a record-high 14.5 million smartphones in the second quarter of this year, a 20 percent increase year-over-year...more

Qualcomm Reports Record Quarterly Results
July 24th 2014 - 03:15 GMT
Qualcomm has reported a record quarter in its financial results, with revenues up by nearly 10 percent, and net profit jumping by 42 percent....more

Nokia Revenues Decline, but Losses Shrink
July 24th 2014 - 02:55 GMT
Nokia has reported an 11 percent fall in its revenues, on a continuing operations basis, and a small loss of for the second quarter of this year....more

IFC Invests in Tcell to Expand Access to Mobile Services
July 24th 2014 - 02:30 GMT
IFC, a member of the World Bank Group, is providing a $30 million loan to support Tcell's plans to expand its network and improve connectivity for its subscribers across Tajikistan....more

Italian Network Merger Talks Close to Conclusion
July 24th 2014 - 01:30 GMT
The long running rumours of a possible merger between two of Italy's mobile networks are reported to have been revived....more

Apple's Profits Jump on Strong IPhone Sales
July 23rd 2014 - 19:33 GMT
Apple has posted a 12 percent rise in its second quarter profits as iPhone sales offset declines in sales of its iPad tablet. ...more

Microsoft Profits Fall As the Company Absorbs Nokia Losses
July 23rd 2014 - 19:31 GMT
Microsoft has announced a 7 percent fall in its quarterly profits, as its performance was hurt by losses at its new Nokia handset division....more

Huawei Posts Sharp Rise in First Half Revenues
July 22nd 2014 - 19:31 GMT
Huawei has reported a 19 percent jump in its first half revenues of CNY135.8 billion (US$21.9 billion) compared to a year ago....more