Business Category

Fitch Affirms Sri Lanka Telecom's Debt Ratings Following Tax Hike
March 10th 2015 - 02:00 GMT
Fitch Ratings has affirmed Sri Lanka Telecom's debt ratings, with a stable outlook following changes to the tax regime introduced by the new government....more

Apple Displaces AT&T in Dow Jones Industrial Average Index
March 9th 2015 - 02:55 GMT
Apple will replace AT&T in the Dow Jones Industrial Average (DJIA) after the close of trading on Wednesday, March 18....more

NII Holdings Announces Restructuring Agreement
March 9th 2015 - 01:00 GMT
NII Holdings has reached an agreement with some of its debt holders that should see it exist the bankruptcy protection it entered last year....more

Fitch: Verizon Highlights Spectrum and Technology Roadmap
February 27th 2015 - 01:45 GMT
A modest positive effect on Verizon's credit profile is likely should it increase capacity via spending on small cells, deployment in unlicensed spectrum and on advances in technology rather than by acquiring spectrum at relatively high valuations,...more

Colombian Telecommunications Outlook: Profitability Deterioration & Pressured Cash Flow
February 26th 2015 - 01:50 GMT
Fitch Ratings says that it expects Colombian Telecommunication Companies's ratings to remain relatively stable. ...more

Samsung to Acquire LoopPay, a Digital Wallet Platform
February 25th 2015 - 01:30 GMT
Samsung Electronics has agreed to acquire LoopPay, a mobile wallet solutions provider that turns existing magnetic stripe readers into secure, contactless receivers....more

Ericsson Expands Systems Integration Capabilities for OSS/BSS
February 23rd 2015 - 01:00 GMT
Ericsson has entered into an agreement to acquire the assets of TimelessMIND, a Canada-based consulting and systems integration company...more

Fitch: Hutchison's Ratings Not Immediately Affected by Potential O2 Deal
February 2nd 2015 - 01:25 GMT
Fitch Ratings said that Hutchison Whampoa's ratings are not immediately affected by its potential acquisition of O2 UK....more

Fitch Rates AT&T's Credit Facilities 'A'; Remains on Negative Watch
January 30th 2015 - 01:00 GMT
The company's rating and debt securities remain on Rating Watch Negative, where they were placed on May 19 upon the announcement of the acquisition of DIRECTV....more

'Whistle-Blower' Details Alleged Corruption By Western Telecoms In Uzbekistan
January 19th 2015 - 01:00 GMT
A self-styled \"whistle-blower\" claims the Norwegian minority owners of Uzbekistan's largest mobile phone operator should have known about millions of dollars' worth of alleged bribes....more

Canada's BCE to Sell Half of Phone Retailer to Rogers
January 2nd 2015 - 01:00 GMT
Canada's BCE has announced plans to sell half of its ownership stake in wireless retailer Glentel to Rogers Communications, following the closing of Bell's acquisition of Glentel, expected in the first half of 2015....more

Craig Wireless Increases Investment in New Zealand Affiliate
December 31st 2014 - 01:05 GMT
Craig Wireless Systems has increased its investment in its New Zealand-based subsidiary, Woosh Wireless....more

Rating Outlooks Remain Stable Across U.S. Telecom, Media and Technology Sectors
December 30th 2014 - 02:05 GMT
Fitch believes merger and acquisition related event risk will remain moderate during 2015. Fitch does not foresee significant incremental business separations within the technology sector...more

U.S. Cellular Announces Sale of Towers in Divested Markets
December 16th 2014 - 02:30 GMT
USA based US Cellular has entered into a definitive agreement with Vertical Bridge Holdings to sell 595 towers for approximately $159 million....more

RadioShack Cost Cutting Likely Not Enough to Prevent Debt Restructuring
December 14th 2014 - 03:45 GMT
Fitch Ratings believes that the massive cost cutting plan outlined today by RadioShack is likely not sufficient to forestall a restructuring of the company's debt in the near term...more

GCI to Purchase Wireless Subscriber Base from Alaska Communications
December 10th 2014 - 01:20 GMT
USA based Alaska Communications is selling its wireless subscriber base and its 33 percent interest in its partnership in the Alaska Wireless Network (AWN) to GCI for US$300 million....more

Canada's BCE Buys Mobile Phone Retailer
December 5th 2014 - 01:00 GMT
Canadian telco, BCE has announced that it is buying Glentel, the Canadian-based multi-carrier mobile products distributor for approximately $670 million....more

Fitch: American Tower's Acquisitions Not Expected to Pressure Rating
December 4th 2014 - 01:00 GMT
Fitch Ratings has said that it believes American Tower Corporation's (AMT) planned tower acquisitions in Brazil and Nigeria will have a minimal effect on its credit profile, given plans to finance the transactions within its leverage targets....more

Smartphones to Commoditise Like PCs; Margins to Contract
December 3rd 2014 - 02:00 GMT
The margins of Asian smartphone makers are likely to contract in the medium term amid heightened competition and product commoditisation, says Fitch Ratings. ...more

Fitch: BT Has Greater Deal Headroom Than TI at Current Ratings
December 1st 2014 - 01:45 GMT
BT Group and Telecom Italia's recent announcements of potential consolidation are both driven by similar desires to boost scale, cut competition and bundle complementary services,...more

American Tower Paying $1.2 Billion for Brazilian Tower Network
November 25th 2014 - 01:40 GMT
American Tower has reached an agreement with TIM Celular to acquire two portfolios of towers in Brazil....more

SingTel Ratings May Face Pressure; M1, StarHub Stable in 2015
November 21st 2014 - 01:25 GMT
Fitch Ratings says that SingTel's debt rating could come under pressure as leverage is likely to deteriorate. ...more

Korean Telcos to Face Less Competition, Better Cash Flow
November 21st 2014 - 01:00 GMT
Fitch Ratings says that credit profiles for South Korean telecommunications companies are likely to remain stable in 2015 with less intensive competition and improved free cash flow due to reduced capex. ...more

Consolidation to Slow Margin Decline for Sri Lankan Telcos
November 20th 2014 - 01:25 GMT
Over-capacity in Sri Lanka's telecommunications industry could shrink as two weaker operators may exit the sector, which would benefit the remaining players, Fitch Ratings says in a special report....more

Intense Competition in Malaysia to Narrow Telco Margins
November 20th 2014 - 01:00 GMT
Fitch Ratings says that competition in the Malaysian telecom industry will remain intense in 2015, particularly among mobile operators, which could lead to their average operating EBITDA margin narrowing by 1pp-1.5pp....more

Indian Top Telcos' Credit Profiles Intact on Reliance's Entry
November 19th 2014 - 01:25 GMT
The credit profiles of the top four Indian telcos will remain intact in 2015 thanks to a gradual rise in voice tariffs and improving regulatory environment that stem from industry consolidation,...more

Fitch: Slow Revenue But Strong Earnings Growth for Thai Telcos
November 19th 2014 - 01:00 GMT
Fitch Ratings says that service revenue for Thailand's three largest mobile phone operators is likely to grow at a low single-digit rate in 2015, supported by improvement in the economy....more

AT&T's Senior Unsecured Notes Offering 'A'; Remains on Negative Watch
November 18th 2014 - 01:45 GMT
Fitch Ratings has assigned an 'A' rating to AT&T's Swiss franc offering of senior unsecured debt, ...more

Leading Australian Telcos' Credit Metrics to Remain Steady in 2015
November 18th 2014 - 01:20 GMT
Fitch Ratings' Outlook for Australia's leading telecommunications operators is stable in 2015 as they will consolidate their already strong market positions....more

Indonesian Telcos' Leverage to Improve on Consolidation
November 17th 2014 - 01:40 GMT
Indonesia's top three telecom companies' 2015 credit profiles will improve due to ongoing industry consolidation, monetisation of tower assets and capex savings despite lower profitability,...more

Chinese Telcos' Weakening Metrics Won't Threaten Ratings
November 17th 2014 - 01:25 GMT
Credit metrics for Chinese telcos will further weaken in 2015 on lower margins and higher capex, although this will not be sufficient to threaten their ratings,...more

AT&T to Acquire Mexican Wireless Provider, Iusacell
November 9th 2014 - 01:35 GMT
USA based AT&T has announced that it is paying US$2.5 billion for the Mexican mobile network operator, Iusacell and plans to offer a single network service covering both countries....more

Fitch: Indonesia Tower Sales to Benefit TBI & XL; Telkom Neutral
October 24th 2014 - 01:20 GMT
Two deals announced in October by major Indonesian telcos to sell off tower assets to dedicated tower operators will have a varying credit impact for each of the deal participants, says Fitch Ratings....more

Fitch Affirms Philippines' Globe at 'BBB-'; Outlook Stable
October 20th 2014 - 01:45 GMT
Fitch said that Globe's ratings benefit from its second-largest position in the Philippines' duopoly telecom market. ...more

Vodafone Wins $520 Million Indian Tax Dispute
October 18th 2014 - 01:00 GMT
Vodafone has won a court case in India overturning a request for Rs32 billion (US$520 million) in taxes following an audit of transfer pricing issues....more

Apple Supplier to Lay Off Nearly 900 Staff Following Loss of Contract
October 17th 2014 - 01:00 GMT
A sapphire production company is to lay off nearly 900 staff after it lost a contract to supply the hard screen covers to Apple....more

Telefonica Secures Deal to Buy Brazilian Operator
September 21st 2014 - 23:00 GMT
Spain's Telefonica has boosted its Brazilian presence, with the purchase of Global Village Telecom (GVT) from Vivendi....more

BlackBerry Acquires Movirtu to Boost Support for BYOD
September 19th 2014 - 01:00 GMT
BlackBerry has acquired Movirtu, a provider of virtual identity solutions for mobile operators that allows multiple numbers to be active on a single device. ...more

NII Holdings Files for Bankruptcy Protection
September 15th 2014 - 23:25 GMT
Debt laden NII Holdings -- which operates Nextel branded services in Latin America -- has filed for chapter 11 bankruptcy protection from its creditors....more

UK Phone Retailer, Phones4U to Close All 550 Retail Stores, 6000 Staff Affected
September 14th 2014 - 22:34 GMT
The UK based mobile phone retailer, Phones4U has called in administrators and is closing all 550 of its retail stores. Phones4U has nearly 6,000 staff who now face redundancy....more