Business Category

Failed UK Telecoms Merger Has Mixed Implications for Wider European Market
May 16th 2016 - 02:20 GMT
While the European Commission's decision to block CK Hutchison's planned acquisition of Telefonica's British mobile operator O2 is credit negative for both Telefonica and CKHH's UK telecoms operations,...more

Bango Acquires BilltoMobile to Expand Carrier Billing Reach in the USA
May 16th 2016 - 01:20 GMT
Bango has acquired the BilltoMobile carrier billing service and associated contracts from Danal....more

Airtel Divests Telecoms Tower Assets in DRC to Helios Towers Africa
May 12th 2016 - 01:30 GMT
Bharti Airtel has announced that it is selling approximately 950 telecoms towers in the Democratic Republic of Congo (DRC) from to Helios Towers Africa. ...more

XL Axiata to Issue Shares to Pay Down Debt
May 9th 2016 - 03:00 GMT
Indonesia's XL Axiata has secured regulatory approval to raise up to US$651 million by selling fresh shares to the public....more

Moody's: SKT and KT's Ratings Unaffected by Spectrum Auction Bids
May 4th 2016 - 02:10 GMT
Moody's Investors Service says the successful bids by SK Telecom and KT Corporation for spectrum blocks will increase adjusted leverage for both companies, but will not affect their ratings and stable outlooks. ...more

2degrees Mulling Stock Market Listing
May 3rd 2016 - 03:15 GMT
New Zealand's third mobile network operator, 2degrees is reportedly planning a stock market listing which could value the company at around NZ$800 million....more

Bell Canada Makes Takeover Bid for Manitoba Telecom Services
May 3rd 2016 - 02:25 GMT
Bell Canada has announced that it is paying C$3.9 billion (US$2.5 billion) to buy local rival, Manitoba Telecom Services....more

Zain Boosts Presence in Sudan with Landline Buy
May 3rd 2016 - 02:00 GMT
Kuwait based Zain has announced that it is paying US$95 million to buy a majority stake in a Sudan based landline network operator....more

America Movil Looking to Sell KPN Stake
April 21st 2016 - 02:15 GMT
Mexico based America Movil is reportedly considering selling its minority stake in Dutch KPN, less than three years after it failed in a bid to takeover the company....more

Mobily Slips Back into Profit
April 20th 2016 - 02:00 GMT
Saudi Arabia's struggling mobile network operator, Etihad Etisalat (Mobily) has posted its first profit following the write down of nearly US$1 billion of its previous earnings....more

China Unicom Issues Profits Warning
April 20th 2016 - 01:40 GMT
The Chinese mobile network operator, China Unicom has issued a profits warning, having estimated that its Q1 net profits would fall, blaming rising costs....more

EU Expected to Block UK Mobile Mergers
April 18th 2016 - 02:05 GMT
A merger of two of the UK's mobile networks is expected to be blocked by European Union competition authorities concerned about consolidation in the market....more

Ericsson to Acquire NodePrime to Accelerate Software Defined Infrastructure
April 11th 2016 - 01:00 GMT
Ericsson has announced its intention to further invest in NodePrime to acquire the entirety of its operations and talents based in San Francisco. ...more

Verizon Mulling Takeover Bid for Yahoo
April 8th 2016 - 01:20 GMT
Verizon Communications is expected to launch a takeover bid to buy the search engine, Yahoo in order to boost its growing online content businesses....more

Alfa Telecom Offers to Sell Turkecell Stake for $2.7 Billion
April 7th 2016 - 01:20 GMT
Russia's Alfa Telecom has indicated that it is willing to sell its stake in Turkcell for US$2.7 billion in a move which could finally resolve a long running legal dispute....more

Italian Telco Merger to Be Investigated by European Commission
April 6th 2016 - 01:20 GMT
The European Commission has opened an in-depth investigation to assess whether the proposed joint venture between the telecommunications activities of Hutchison and VimpelCom in Italy is in line with the EU Merger Regulation....more

ZTE to Replace Three Executives in Wake of US Sanctions
April 4th 2016 - 01:20 GMT
Three senior ZTE executives, including the CEO are expected to resign later this week, following a decision by the US government to impose restrictions on the company....more

Huawei Profits Jump by a Third
April 1st 2016 - 01:20 GMT
China's Huawei has reported a one-third jump in its full year profits as the company said it was boosted by demand for its smartphones....more

Vodafone Egypt to Pay Delayed Dividends
March 31st 2016 - 03:30 GMT
Vodafone's Egyptian subsidiary has signed a deal to release withheld dividends to its second largest shareholder, the local landline operator, Telecom Egypt....more

Orange Extending Bouygues Telecom Takeover Talks
March 31st 2016 - 02:55 GMT
France's Orange and Bouygues Group are extending their ongoing talks which could see Orange buying the local mobile network operator, Bouygues Telecom....more

O2 Sale Could Be Key to EUR15 Billion Total Debt Reduction for Telefonica
March 31st 2016 - 02:15 GMT
The rating agency expects EUR15 billion total debt reduction through 2017 including different cash raising actions such as the O2 sale. ...more

XL Axiata Selling Towers to Pay Down Debt
March 30th 2016 - 01:20 GMT
Indonesia's XL Axiata has announced that it is selling 2,500 of its towers to the local tower operator, Protelindo for US$267.2 million....more

Moody's: Tower Companies Poised for Ongoing Growth in India and Indonesia
March 29th 2016 - 01:20 GMT
Tower companies in India and Indonesia are the most developed in Asia and expected to continue growing - but geographical, operational and regulatory differences between the two countries will affect their growth rates and financials....more

MobiFone Selling Stakes in Unrelated Subsidiaries
March 24th 2016 - 01:20 GMT
Vietnam's state-owned mobile network, MobiFone is to sell its stakes in two banks, local media has reported, raising around US$20 million....more

Telecom Italia CEO Set to Leave the Company
March 21st 2016 - 02:30 GMT
Telecom Italia has announced that its CEO, Marco Patuano is stepping down, following weeks of speculation....more

Spain's Yoigo is Up for Sale - Again
March 21st 2016 - 01:45 GMT
TeliaSonera has confirmed that it is in talks which could see another attempt to sell its Spanish subsidiary, Yoigo....more

Telstra Cancels Plans for Philippines Network Investment
March 14th 2016 - 01:45 GMT
Australia's Telstra has announced that plans to invest up to US$1 billion into a Philippines mobile network have been cancelled....more

Chinese Officials Hit Back at US Ban on ZTE Exports
March 9th 2016 - 02:25 GMT
Chinese government officials have hit back at a ban imposed on ZTE from buying USA supplied components for its hardware....more

Tesco Mobile Seeking to Buy Out Mobile Network Joint Venture
March 9th 2016 - 01:25 GMT
UK based MVNO, Tesco Mobile is reportedly seeking to buy out its airtime partner and switch to a different network....more

Softbank to Split Off International Assets into New Company
March 8th 2016 - 02:45 GMT
Japan's Softbank has announced that it plans to split into two wholly owned subsidiaries, splitting its Japanese and overseas operations into separate groups....more

Vodafone Eyeing Sale of New Zealand Assets
March 8th 2016 - 02:25 GMT
Vodafone may be looking to sell its New Zealand subsidiary's landline assets, according to local media reports....more

ZTE Facing a US Export Ban for Selling to Iran
March 7th 2016 - 02:00 GMT
The USA is reportedly set to impose export restrictions on US firms supplying components to China's ZTE, following allegations that ZTE broke sanctions on Iran....more

T-Mobile Sale Put on Hold
March 2nd 2016 - 03:40 GMT
Plans to put T-Mobile USA up for sale by its majority shareholder have been put on hold ahead of the forthcoming radio spectrum auction....more

Qualcomm Accused of Hiring Relatives Of Chinese Officials To Win Deals
March 2nd 2016 - 02:00 GMT
Qualcomm has been fined after it was accused of hiring relatives of Chinese government officials who had a say in the choice of its products....more

Vodafone Maintains Stance on Indian Tax Dispute
March 1st 2016 - 03:45 GMT
Vodafone has reiterated that it believes it has no tax to pay on its US$11.2 billion investment in India, but will continue to seek a resolution to the dispute which has rumbled on since 2007....more

Turkcell Looking to Buy Out TeliaSonera Stake in Eurasian Ops
March 1st 2016 - 03:25 GMT
Turkcell has made a move to buy out TeliaSonera's holdings in companies that the two firms invest in....more

Indian Operators Revamp Merger Talks
February 29th 2016 - 03:35 GMT
Plans for a merger between two of India's larger mobile networks have been revamped, according to local reports....more

Telekom Malaysia Increases Stake in Packet One Networks
February 19th 2016 - 01:20 GMT
Telekom Malaysia has lifted its stake in local network operator, Packet One Networks to 72.9 percent. Telekom Malaysia already owned a controlling 55.3 percent of the company....more

Telefonica Parks Network Assets into New Holding Company
February 18th 2016 - 01:25 GMT
Spain's Telefonica has announced the creation of Telxius, a new global company which brings together certain infrastructure assets of the Group ...more

Indian Government Threatens to Seize Vodafone Assets
February 16th 2016 - 02:45 GMT
The Indian government is threatening to seize Vodafone's assets in the country if it doesn't pay a disputed US$2.1 billion tax demand....more