Business Category

Chinese Bidding to Buy Mobile Browser Developer, Opera
February 11th 2016 - 03:25 GMT
Mobile web browser turned advertising agency, Opera Software has agreed to a NOK10.5 billion (US$1.2 billion) takeover bid from a consortium of Chinese companies....more

Saudi Networks in Tower Asset Merger Talks
February 11th 2016 - 02:40 GMT
Saudi Arabia's three dominant mobile networks are reported to be in talks which would see them spin off their tower assets into a single holding company....more

Vodafone to Delay Indian Stock Market Listing
February 11th 2016 - 02:20 GMT
Vodafone has warned that it's Indian subsidiary is unlikely to float shares on the local stock market this year....more

Sri Lankan Mobile Networks in Merger Talks
February 11th 2016 - 01:45 GMT
Sri Lanka's overcrowded mobile market may see some long expected consolidation with reports that Malaysia's Axiata Group and India's Bharti Airtel are looking to merge their local subsidiaries....more

Europe Clears Acquisition of Mobile Network Operator BASE by Liberty Global
February 9th 2016 - 02:40 GMT
The European Commission has approved under the EU Merger Regulation the acquisition of BASE, a Belgian mobile network operator, by Liberty Global....more

Millicom to Sell Its Democratic Republic of Congo Business to Orange
February 9th 2016 - 01:40 GMT
Millicom has signed an agreement for the sale of its Tigo business in the Democratic Republic of Congo (DRC) to Orange....more

Verizon Mulls Takeover Bid for Yahoo
February 8th 2016 - 03:15 GMT
USA based Verizon could be considering a take-over bid for ailing search engine giant, Yahoo, the company's CEO has confirmed....more

ADB, IFC to Help Extend Mobile Telecom Services Across Myanmar
February 8th 2016 - 02:05 GMT
The Asian Development Bank (ADB) and the International Finance Corporation are providing loans of US$300 million to Ooredoo Myanmar for the rollout of a mobile telecommunication network across Myanmar....more

Moody's: SK Telecom's 2015 Results in Line with Expectations
February 4th 2016 - 03:30 GMT
Moody's Investors Service says that SK Telecom's 2015 results were largely in line with the company's A3 issuer and senior unsecured bond ratings. The ratings outlook remains stable....more

Russian Telcos Under Pressure from Rising Competition and Weakening Economy
February 4th 2016 - 03:15 GMT
The profitability of Russian telecommunications companies will remain under pressure due to high inflation and foreign exchange losses, as well as rising mobile market competition,...more

Sri Lanka Telco Outlook Improves with New Government Budget
January 27th 2016 - 01:00 GMT
Fitch Ratings has revised the outlook on Sri Lanka's telco sector to stable from negative as the new budget, introduced in December 2015, has scrapped recurring taxes,...more

Reliance Jio Infocomm Seeking $2.2 Billion from Shareholders
January 19th 2016 - 01:50 GMT
India's long awaited new mobile network, Reliance Jio Infocomm has confirmed that it plans to raise US$2.2 billion from its existing shareholders via a rights issue....more

Orange Boosts African Presence - Buys Cellcom Liberia
January 19th 2016 - 01:25 GMT
Orange has announced it has entered into a firm agreement with Cellcom Telecommunications to acquire, through its subsidiary Orange Côte d'Ivoire, 100% of Cellcom's Liberia subsidiary....more

Orange Buys Two Networks in Africa from Bharti Airtel
January 18th 2016 - 01:25 GMT
Orange and Bharti Airtel have signed an agreement leading to Orange's acquisition of Airtel's operations in Burkina Faso and Sierra Leone....more

Fitch Affirms Millicom at 'BB+'; Outlook Stable
January 13th 2016 - 01:00 GMT
Fitch Ratings has affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) of Millicom International Cellular at 'BB+' with a Stable Outlook. ...more

XL Axiata Selling Towers to Reduce Debt
January 6th 2016 - 02:15 GMT
Indonesia's XL Axiata has confirmed that it plans to sell some of its telecoms towers to help pay down its debt....more

Fitch: Rouble Weakness to Weigh on Russian Telecoms' Margins, Capex
January 6th 2016 - 01:00 GMT
Prolonged rouble weakness will likely shave off up to two percentage points of Russian telecoms operators' profit margins and trigger a revision of capex plans but will not lead to significant changes in the competitive environment....more

Orange in Takeover Talks with Bouygues Telecom
January 5th 2016 - 01:30 GMT
France based Orange is reportedly in talks to buy its smaller local rival, Bouygues Telecom in a deal which could see the local market consolidate down to three mobile networks....more

Thai Telcos Face More Competition With New Entrant
January 1st 2016 - 01:00 GMT
Fitch Ratings expects greater competition in Thailand's telecommunication sector after new entrant Jas Mobile won an auction in December 2015 for 900MHz spectrum with a THB75.7bn bid....more

Vietnam Again Looks at Privatizing MobiFone
December 30th 2015 - 01:25 GMT
Vietnam's government is looking to part privatize the country's second largest mobile network operator, MobiFone, according to local media reports....more

China Telecom Chairman in Corruption Investigation
December 29th 2015 - 01:25 GMT
China Telecom's Chairman, Chang Xiaobing is reported to be under investigation by Chinese authorities for \"serious disciplinary violations\", which is often code for a corruption or bribery allegation....more

Fitch Upgrades Telenet to 'BB-'; Outlook Stable
December 23rd 2015 - 02:15 GMT
The upgrade reflects Fitch's revised view of Telenet's ability to generate free cash flow (FCF) and support a leveraged balance sheet. Telenet has a strong operating profile that is supported by a favourable market structure, which enables robust and stable cash generation. ...more

Fitch Downgrades TDC to 'BBB-'; Outlook Stable
December 21st 2015 - 02:45 GMT
The downgrade reflects Fitch's expectations that following the company's acquisition of Norwegian cable operator Get, the pace of deleveraging will be slower than originally expected. ...more

TeliaSonera Sells Stake in Nepal's Ncell for $1 Billion
December 20th 2015 - 22:51 GMT
TeliaSonera has agreed to sell its 60.4 percent ownership in the Nepalese operator Ncell to Axiata, one of Asia's largest telecommunication groups, for US$1 billion on a cash and debt free basis....more

Fitch: Market Environment Stabilising in Italian Telecoms
December 18th 2015 - 01:20 GMT
Fitch Ratings says that Italian telecoms industry trends point to increasing stabilisation of the revenue environment in 2016....more

Vodafone Sues KPN Over Alleged Market Abuses
December 17th 2015 - 02:00 GMT
Vodafone Netherlands says that it has commenced legal action against the incumbent telecoms operator in the Netherlands, KPN, alleging anti-competitive behaviour in the Dutch convergent communications market....more

Indonesia's XL Axiata Looking to Raise Funding for Debt Repayments
December 15th 2015 - 03:00 GMT
Indonesia's XL Axiata is reportedly seeking to raise US$500 million next year to help pay down its debt....more

US Tech Sector Outlook Negative for 2016; Media & Telecom Sector Outlooks Remain Stable
December 15th 2015 - 01:45 GMT
Disruptive technology will continue to drive the transformation of legacy business models and the convergence of telecommunications, media and technology services in 2016,...more

MTN Debt Ratings Downgraded on Weak Home Market/Nigerian Fine
December 14th 2015 - 01:40 GMT
The downgrade follows the recent rating action on South Africa's sovereign ratings, which is considered together with the impact from recent announcements from the group regarding the fine from NCC, the Nigerian telecoms regulator....more

Ascom Issues Profits Warning
December 14th 2015 - 01:00 GMT
Ascom Network Testing has warned that it anticipates delivering weaker results than expected for fiscal year 2015 due to harsh market conditions particularly in North America....more

Fitch Upgrades Telecel to 'BB+'; Outlook Stable
December 11th 2015 - 01:55 GMT
Telecel's ratings reflect its leading market positions in Paraguay, supported by its extensive network and distribution coverage, diverse service offering, and the strong brand recognition of Tigo....more

Shift to Value Investment to Lift French Telecom Operators' Profitability in 2016
December 11th 2015 - 01:00 GMT
French telecom operators' switch to enhanced value proposition, up-selling and away from aggressive price cutting strategies will improve profitability in the sector in 2016, ...more

Colombian Telecom Outlook Stable for 2016; Mobile Data & Non-Traditional Services to Improve
December 10th 2015 - 01:45 GMT
Fitch Ratings expects Colombian telecommunication company ratings to remain stable in 2016 despite the likelihood of increasing competitive pressures during the year, according to a new report published....more

Moody's: Bharti's Ratings Not Immediately Impacted by Increased Capex Plan
December 10th 2015 - 01:00 GMT
Moody's Investors Service says that Bharti Airtel's announcement of a INR600 billion capex plan will not immediately impact its Baa3 issuer rating and senior unsecured ratings....more

Fitch Affirms Motorola Solutions Ratings Following Airwave Acquisition; Outlook Negative
December 9th 2015 - 02:05 GMT
Fitch Ratings has affirmed the ratings for Motorola Solutions, including the Long-Term Issuer Default Rating (IDR) at 'BBB' following the company's announced acquisition of Airwave Solutions....more

Moody's: Sale of Towers, if Consummated, Will Support RCOM's Ratings
December 9th 2015 - 01:20 GMT
Based on precedent tower transactions in India, Moody's expect a transaction value of about US$3.35 billion for the sale of approximately 43,500 towers owned by RITL....more

Fitch: Chinese Telcos Consolidation Unlikely in Next Two Years
December 8th 2015 - 02:00 GMT
Consolidation in the Chinese telecoms industry is unlikely within the next one or two years, as the profitability of smaller operators has not deteriorated to a level that would foster industry restructuring, ...more

China Telcos' Credit Metrics to Weaken
December 7th 2015 - 02:00 GMT
Fitch Ratings says in a report that margin pressure from further reduction in data tariffs, the full impact of data-carryover plans, and rentals payable to China Tower are unlikely to threaten the credit profiles of China Mobile and China Telecom, ...more

Thai Telcos' Capex to Rise Amid Tougher Competition
December 4th 2015 - 01:20 GMT
The Thai telecommunications industry will remain under pressure in 2016 due to slow revenue growth, intense market competition, and high investment needed for new spectrum acquisition and network expansion....more

Spanish Telecoms Recovery May Accelerate
December 3rd 2015 - 01:25 GMT
Fitch Ratings says in its Spanish Telecoms Dashboard that after a successive period of market revenue contraction, the Spanish telecoms market is showing signs of improvement ...more