Business Category

Fitch Affirms Globe Telecom's 'BBB-'; Outlook Stable
October 8th 2015 - 02:25 GMT
Globe's ratings continue to benefit from its number two position in the Philippines telecom market. Its share of industry mobile revenue rose to 43% from 37% over 2011-2014, after it increased handset subsidies and penetrated rural areas....more

Digicel to Sell Its 75% Holding in Myanmar Tower to Edotco Group
October 6th 2015 - 03:00 GMT
The transaction values 100% of Digicel Myanmar Tower Company, on a cash and debt free basis, at USD$221 million....more

Telenor to Sell Its $2.4 Billion Stake in Russia's VimpelCom
October 4th 2015 - 23:37 GMT
Telenor has announced that it plans to sell its one-third stake in Russia's VimpelCom following years of on-off disagreements with the company....more

Fitch Affirms Telecom Namibia at 'BB+'; Outlook Stable
October 2nd 2015 - 02:00 GMT
The affirmation and resolution of the RWN reflects Fitch's view that timely state support was forthcoming from the parent as TN faced a liquidity cliff in August 2015 as the bonds matured....more

Moody's: SK Telecom's Share Buyback is Credit Negative
September 28th 2015 - 04:20 GMT
Moody's Investors Service says that SK Telecom's announcement of a share buyback is credit negative but will not affect the company's ratings or stable outlook....more

Qualcomm Commits Up To $150 Million to Strategic Venture Fund in India
September 28th 2015 - 02:55 GMT
Qualcomm has announced its intention to invest up to $150 million in Indian startup companies across all stages. ...more

Vodafone Walks Away from Liberty Global Deal
September 28th 2015 - 00:18 GMT
Vodafone says that it has terminated talks with the landline cable operator, Liberty Global....more

Fitch Rates Turkcell 'BBB-'; Outlook Stable
September 25th 2015 - 01:00 GMT
The ratings incorporate Turkcell's strong domestic business profile, leading market position and high-quality mobile business, well-positioned and growing fixed line operations and sound financial performance....more

TeliaSonera to Pull Out of Eurasian Markets
September 18th 2015 - 11:35 GMT
TeliaSonera has announced that it plans to sell its businesses in the Eurasian region, and refocus on its home markets in Sweden and Europe....more

Ericsson Announces Agreement to Acquire Envivio
September 18th 2015 - 01:00 GMT
Ericsson has announced that its paying US$125 million to buy video processor, Envivio....more

Altice Close to $17.7 Billion US Cable TV Takeover
September 17th 2015 - 01:25 GMT
Fast growing European telco, Altice is reportedly close to a deal that would see it pay US$17.7 billion for the USA based cable TV operator, Cablevision Systems....more

NII Holdings Sells Nextel Argentina to Local Firm
September 15th 2015 - 03:15 GMT
NII Holdings has announced a deal to sell nearly half of its Argentinean subsidiary to a local investor....more

TeliaSonera and Telenor Withdraw from Merger in Denmark
September 14th 2015 - 01:20 GMT
TeliaSonera and Telenor have cancelled the merger of their business units in Denmark. ...more

Smile Raises USD365 Million to Accelerate Its LTE Network Expansion in Africa
September 8th 2015 - 03:45 GMT
Smile Telecoms Holdings, which owns and operates LTE networks in the 800MHz band in Nigeria, Tanzania and Uganda, announced that it raised USD365 million of debt and equity financing....more

MegaFon Signs $600 Million Loan Deal to Fund Huawei Kit Purchases
September 8th 2015 - 02:20 GMT
Russia's MegaFon has signed a Framework Cooperation Agreement with China Development Bank Corporation (CDB) for potential new financing of up to US$600 million....more

American Tower Closes on Indian Tower Purchase
September 7th 2015 - 01:20 GMT
USA based American Tower is reportedly close to a deal that would see it taking a majority stake in the Indian tower owner, Viom Networks....more

BlackBerry to Acquire Good Technology
September 6th 2015 - 01:25 GMT
BlackBerry has announced that it is buying the mobile email vendor, Good Technology for $425 million in cash....more

Fitch: Turkish Telecoms Face Increasing Triple-play Competition
September 4th 2015 - 01:45 GMT
Expanding pay-TV services can help telecoms operators to maintain and grow mobile and broadband market share, but high content costs could erode profitability....more

Moody's: Telekom Malaysia's 1H 2015 Results Support Its Debt Rating
September 1st 2015 - 02:30 GMT
Moody's Investors Service says that Telekom Malaysia's results for the six months to June 2015 (1H 2015) support the company's A3 issuer and senior unsecured ratings and positive outlook....more

Fitch Affirms America Movil at 'A'; Outlook Stable
August 31st 2015 - 02:55 GMT
AMX's ratings reflect its position as the largest wireless service provider in Latin America with well-established multiple service platforms and solid network competitiveness and a high degree of geographical cash flow diversification,...more

Fitch Revises Outlook on Sony to Positive
August 28th 2015 - 01:00 GMT
However, Fitch warned that Sony's profitability, will remain fragile due to its exposure to the weak consumer electronics segment....more

Moody's: China Mobile's Solid 1H 2015 Results Support Its Ratings
August 26th 2015 - 02:45 GMT
Moody's Investors Service says that China Mobile Limited's solid results for the six months to 30 June 2015 (1H 2015) support the company's Aa3 issuer rating and stable outlook....more

Etisalat to Deny Foreign Shareholders from Voting Rights
August 25th 2015 - 03:30 GMT
UAE based Etisalat has said that future foreign shareholders in the company will be denied voting rights with their shares....more

Fitch Affirms TeliaSonera at 'A-'; Outlook Stable
August 25th 2015 - 01:30 GMT
TeliaSonera's ratings are supported by its strong operating profile, as evidenced by leading market positions in most of its geographic markets, broad diversification and strong financial metrics relative to its peer group. ...more

Fitch Places Dish Networks on Rating Watch Negative
August 24th 2015 - 01:25 GMT
The Negative Watch reflects the uncertainty surrounding Dish's funding strategy and potential negative effect on Dish's credit profile arising from the announcement that the FCC voted to deny $3.3 billion in bidding credits previously awarded to Dish...more

Tough Competition to Weigh on Thai Telcos' Profitability
August 21st 2015 - 01:20 GMT
The latest results for AIS and DTAC - the two largest Thai telcos that account for over 80% of service revenue market share - highlight the challenge facing the industry....more

Dish Network Loses Out on $3.3 Billion of Spectrum Discounts
August 19th 2015 - 02:45 GMT
USA based Dish Network has lost an attempt to claim discounts on radio spectrum purchases that are worth US$3.3 billion....more

Nigerian President Investigating Nitel Sale
August 19th 2015 - 02:20 GMT
The sale of the former state-owned telco, Nitel, and its miniscule mobile subsidiary has been put into question following the intervention of the newly elected President....more

Moody's Says Telstra's Full-year FY2015 Results Support Its A2 Rating
August 18th 2015 - 01:45 GMT
Moody's Investors Service says that Telstra's solid full-year results for the fiscal year ended 30 June 2015 (FY2015) are broadly within expectations and support its A2 long-term issuer rating. ...more

Samsung's 2Q Results Underscore Smartphone Challenges
August 14th 2015 - 01:25 GMT
Samsung Electronics' latest earnings results underscore the challenges the company faces with its weakening smartphone business, says Fitch Ratings....more

Ericsson Boosts IT Services Capabilities in Latin America
August 14th 2015 - 01:00 GMT
Ericsson intends to acquire the assets of Icon Americas, a Guatemala-based consulting and systems integration company....more

Fitch: Sale of HERE Adds to Nokia's Financial Flexibility; Operating Profile Unchanged
August 13th 2015 - 01:30 GMT
Fitch Ratings says Nokia's planned sale of its digital mapping and location services business will increase financial flexibility but leave the operating profile unchanged....more

Fitch Affirms Motorola Solutions Ratings Following Tender Offer Announcement; Outlook Negative
August 12th 2015 - 01:30 GMT
Fitch Ratings has affirmed the 'BBB' Issuer Default Rating assigned to Motorola Solutions following the company's announced tender offer of up to $2 billion of share repurchases and $1 billion strategic investment from Silver Lake Partners (SLP)....more

Apple Bullish on Chinese Market Growth
August 11th 2015 - 03:40 GMT
Strong sales in China is boosting Apple's recent record increase in app sales, a senior company executive has said in an interview....more

Moody's: Bharti's 1Q 2015/16 Results Continue to Support Its Credit Profile
August 11th 2015 - 03:20 GMT
Moody's Investors Services says that Bharti Airtel's operating performance for the first quarter ended 30 June 2015 (1Q 2015/16) continues to support its Baa3 credit profile....more

Fitch Affirms Wind at 'B+' on Proposed Merger; Outlook Stable
August 11th 2015 - 01:20 GMT
The proposed merger of Wind and 3 Italia should result in an enlarged entity with a stronger operating profile and lower leverage. ...more

Moody's: PLDT's Rising Capex and Weak Performance in 2Q 2015 are Credit Negative
August 10th 2015 - 03:00 GMT
Moody's Investors Service says that Philippine Long Distance Telephone Company's (PLDT) increasing capex and continued weak operating performance in 2Q 2015 are credit negative. ...more

Qualcomm to Acquire XDSL and Networking Technology Provider Ikanos
August 10th 2015 - 02:30 GMT
Qualcomm has entered into a definitive merger agreement to acquire Ikanos Communications, a broadband networking semiconductor and software provider....more

Fitch: Slower Tower Additions to Benefit Indonesian Tower Companies
August 10th 2015 - 01:45 GMT
Fitch Ratings says that the Indonesian telecom tower companies' leverage ratios are likely to improve, as their capex declines due to lower demand for additional towers...more

Orange Sells Armenian Subsidiary to Local ISP
August 9th 2015 - 08:14 GMT
Orange has announced that it has signed an agreement with Ucom, an Armenian internet service provider, to sell its mobile subsidiary Orange Armenia....more