Business Category

Limited Impact on Philippines' Telcos from Likely Entrant
November 25th 2015 - 01:40 GMT
Fitch Ratings expects the potential entry in the Philippines of a new mobile carrier - through a joint venture between Telstra and San Miguel - to have limited impact on competition in the telecoms market over the next two years...more

Zimbabwe Government Buys Majority Stake in Telecel
November 25th 2015 - 01:00 GMT
Zimbabwe based ZARNet has bought a 60% stake in the local mobile network, Telecel for US$40 million....more

Fitch Revises Telecom Italia's Outlook to Stable; Affirms Debt Rating
November 24th 2015 - 02:00 GMT
The revision of Telecom Italia's Outlook to Stable primarily reflects the performance of the company's domestic operations, along with the emphasis management is placing on customer experience and network investment,...more

Fitch: 4G Spectrum Win Reduces AIS's Rating Headroom
November 24th 2015 - 01:40 GMT
Thailand's Advanced Info Service (AIS), which won 4G spectrum at a recent auction, should have sufficient buffer to support the investment, although its credit metrics are likely to deteriorate,...more

Singapore Telcos' Credit Profiles Intact Despite New Mobile Network
November 23rd 2015 - 02:20 GMT
Fitch Ratings says that the credit profiles of Singapore telcos will remain stable, supported by moderate competition, stable profitability and slowing capex....more

Sprint Raises $1.1 Billion in Leaseback Deal
November 23rd 2015 - 02:00 GMT
USA based Sprint has signed a deal for the sale and lease-back of certain leased devices which is expected to provide the company with approximately $1.1 billion in cash proceeds at closing....more

Rcom's Sistema Deal May Signal More Indian Telco Mergers
November 20th 2015 - 01:00 GMT
Reliance Communications' (Rcom) acquisition of Sistema Shyam Teleservices may spark further Indian telco M&A, Fitch Ratings says. ...more

Fitch Affirms Kazakhtelecom at 'BB'; Outlook Positive
November 19th 2015 - 01:00 GMT
The creation of a joint venture (JV) from the combination of Kaztel's and Tele2's mobile assets in Kazakhstan should significantly strengthen Kaztel's position in mobile services. ...more

Tele2 and Kazakhtelecom to Combine Mobile Operations in Kazakhstan
November 13th 2015 - 02:10 GMT
This Joint Venture will combe Tele2's existing operations in Kazakhstan with Kazakhtelecom's mobile business, Altel....more

Fitch: No Immediate Rating Impact on SK Telecom from CJ Hellovision Purchase
November 11th 2015 - 02:00 GMT
Fitch Ratings says SK Telecom's proposed acquisition of a stake in CJ HelloVision (CJH), the largest cable television operator in South Korea, will have no immediate rating effect on SKT or SK Broadband....more

Orange Sells Its 70% Stake in Telkom Kenya
November 10th 2015 - 03:25 GMT
The Orange Group announced that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya....more

Merger Between Two Israeli Mobile Networks
November 9th 2015 - 02:10 GMT
Israel's Cellcom has announced that it is buying rival mobile network, Golan Telecom for around US$300 million....more

Fitch Affirms Australia's Telstra at 'A'; Outlook Stable
November 5th 2015 - 02:35 GMT
Telstra's rating reflects its leading market share in Australia's fixed-wire and wireless communication markets....more

Fitch: UK Incumbent Telecoms Structural Separation Would Create Financial Challenges
November 4th 2015 - 03:00 GMT
Fitch Ratings says in a new report that bondholders would face challenges in the event of the structural separation of an incumbent network - a question prompted by UK regulator Ofcom's ongoing review of digital communications in the UK. ...more

Fitch Affirms ZTE's Debt Ratings; Withdraws Ratings
November 3rd 2015 - 02:40 GMT
Fitch Ratings has affirmed China-based ZTE's Long-Term Foreign- and Local-Currency debt ratings at 'BB-'. The Outlooks are Stable. The agency has simultaneously withdrawn all the ratings....more

Moody's: Bharti's 2Q 2015/16 Results Continue to Support Its Rating
November 2nd 2015 - 03:10 GMT
Moody's Investors Services says that Bharti Airtel's operating performance for the second quarter ended 30 September 2015 (2Q 2015/16) continues to support its Baa3 issuer and senior unsecured ratings....more

Fitch Revises MTN Group's Outlook to Negative on Nigerian Fine
November 2nd 2015 - 02:20 GMT
The Negative Outlook reflects the risk of a significant cash outflow due to a substantial fine imposed on MTN's Nigerian operations, which could increase leverage and pressure MTN's credit metrics. ...more

Two Indian Mobile Networks to Merge
November 1st 2015 - 22:57 GMT
Two of India's mobile networks are to merge, in a deal which will see the new network operator have nearly 120 million customers....more

Millicom and Comcel's Ratings Under Review Following Bribery Allegations
October 27th 2015 - 02:15 GMT
Moody's has placed Millicom's and Comcel's ratings on review for downgrade following Millicomīs announcement that it has reported to law enforcement authorities potential improper payments made on behalf of its joint venture in Guatemala....more

Fitch: American Tower's Acquisition Not Expected to Pressure Rating
October 27th 2015 - 01:20 GMT
Fitch Ratings believes American Tower's planned tower acquisition in India will have a minimal effect on AMT's credit profile, given plans to finance the transaction within its leverage targets....more

Liberty Global in Takeover Talks with Cable & Wireless Communication
October 26th 2015 - 01:40 GMT
USA based Liberty Global is reported to be in take-over bid talks with UK based Cable & Wireless Communication....more

American Tower Buys Majority Stake in Indian Tower Owner
October 22nd 2015 - 02:30 GMT
USA based American Tower is paying US$1.16 billion to buy a controlling stake in the Indian tower operator, Viom Networks....more

Kazakhtelecom Strengthens Grip Over Domestic Telecoms Market
October 22nd 2015 - 01:45 GMT
Kaztel is a strong fixed-line incumbent, with dominant market shares in traditional telephony and fixed-line broadband services, operating in a benign regulatory environment. ...more

Saudi Arabia's Mobily Drops into Quarterly Loss
October 22nd 2015 - 01:25 GMT
Saudi Arabia's Etihad Etisalat (Mobily) has posted a third quarter loss as the company continues to struggle in its turn-around following a financial scandal earlier this year....more

Spain's Yoigo Up for Sale Again
October 21st 2015 - 03:30 GMT
Teliasonera is reported to be in talks that could see it selling its Spanish mobile networks subsidiary, Yoigo....more

Bharti Airtel Sells Towers in Africa
October 21st 2015 - 02:45 GMT
Bharti Airtel has announced that it has sold around 8,300 towers in Africa for US$1.7 billion, which is to be used to pay down the company's debt....more

Deutsche Telekom Mulls Sale of Dutch Subsidiary
October 21st 2015 - 02:20 GMT
Germany's Deutsche Telekom is reportedly considering a sale of its Dutch subsidiary. A sale could earn as much as US$5.7 billion for the German owners....more

Brightstar Expands with Acquisition of Canada-based WirelessWorks
October 21st 2015 - 02:05 GMT
Handset logistics company, Brightstar has announced the acquisition of Ontario-based WirelessWorks, a specialized consulting and solutions provider...more

French Telecoms Market Remains Competitive, Operational Trends Show Stabilisation
October 21st 2015 - 01:45 GMT
Fitch Ratings says in its French Telecoms Dashboard that after a period of successive market contraction, the French telecoms market is stabilising....more

Econet Wireless Profits Halved
October 20th 2015 - 03:45 GMT
Zimbabwe's Econet Wireless has posted a 17 percent drop in revenues of US$323 million for the first half of this year, alongside a 52 percent fall in profits to just US$23 million....more

Moody's Upgrades Banglalink's Ratings to Ba3; Outlook Stable
October 20th 2015 - 03:25 GMT
Moody's expects revenue growth to remain in the high-single digits over the next 12-18 months, supported by subscriber growth and fast-growing 3G data services, ...more

America Movil Posts Net Loss on Weaker Local Currencies
October 20th 2015 - 03:00 GMT
Mexico based America Movil has dropped into a net loss for the third quarter of this year as weak currencies took their toll on the company....more

Fitch Solutions: TeliaSonera CDS at Widest Level in Four Years
October 20th 2015 - 01:45 GMT
TeliaSonera's five-year Credit Default Swaps (CDS) widened 73% Thursday to price at the widest levels observed in four years, ...more

Qualcomm Signs Agreement to Sell Vuforia Business to PTC
October 20th 2015 - 01:00 GMT
Qualcomm has signed a definitive agreement to sell its Vuforia business to PTC, an IoT developer. ...more

Mobilink and Banglalink Both Have Growth Potential, Despite Regulatory Challenges
October 19th 2015 - 12:05 GMT
Moody's says that Mobilink and Banglalink exhibit similar growth potential, but that Banglalink faces greater challenges from potential spectrum auctions and sizeable foreign-currency exposures....more

Argentine Regulator Blocks Sale of Telecom Argentina
October 19th 2015 - 02:45 GMT
Argentinean regulators have blocked the sale of a controlling stake in Telecom Argentina to the Mexican investor, David Martinez ...more

Revenue Growth Stabilises Outlook for Europe's Telecoms Service Providers
October 19th 2015 - 02:00 GMT
The outlook for Europe's telecoms service industry has changed to stable from negative as the companies' revenues are expected to grow by 1%-2% in the next 12-18 months...more

Bharti Airtel Cancels Deal to Sell Towers in Africa
October 16th 2015 - 03:25 GMT
India's Bharti Airtel has announced that a deal to sell more than 3,500 towers it owns in six African countries has broken down....more

Digicel Drops Plans for a Stock Market Listing
October 15th 2015 - 01:55 GMT
Caribbean based Digicel says that it has decided not to proceed with its planned IPO at this time....more

European Regulation Encourages Telecoms to Invest but Concerns Remain
October 13th 2015 - 01:00 GMT
The European telecoms regulatory environment is at an inflection point, as the rating agency expects the telecom regulator will change its focus to stimulating investments, reducing the emphasis on lowering prices....more