Business Category

India Issues Fresh Tax Demand to Vodafone
April 24th 2015 - 01:55 GMT
Vodafone's long running tax dispute with the Indian government has taken a new turn after the tax authorities a notice seeking to reassess the company's tax returns for 2009-10....more

Zain Makes Strategic Investment in Middle East Venture Partners
April 24th 2015 - 01:00 GMT
Zain has announced its first foray in venture capital investment through a participation in Middle East Venture Partners' (MEVP) latest fund....more

Turkey's Isbank Looking to Sell Stake in Avea
April 22nd 2015 - 12:30 GMT
The Turkish bank, Isbank has started negotiations for the sale of its 7.44 percent stake in the local mobile network Avea....more

MTN Rwandacell to Be Listed on Local Stock Exchange
April 21st 2015 - 01:45 GMT
A 20 percent stake in MTN Rwandacell is to be listed on the local stock exchange, its private owner has announced....more

Fitch Revises Nokia's Outlook to Positive on Alcatel-Lucent Deal
April 21st 2015 - 01:00 GMT
Fitch Ratings has revised the Outlook on Nokia debt ratings (IDR) to Positive from Stable following the company's announcement that it will acquire Alcatel-Lucent in an all share offer....more

America Movil Approves Tower Spin-Off Plan
April 20th 2015 - 23:15 GMT
America Movil has secured approval for a plan to spin off its Mexican towers into a separate company, which will see the creation of the region's second-largest tower operator....more

KPN Sells Base to Local Rival
April 20th 2015 - 12:32 GMT
Netherlands based KPN is selling its Belgian subsidiary, Base to a local rival, Telenet for EUR1.33 billion. ...more

Nigeria Privatises State-Owned Telco - Again
April 20th 2015 - 02:00 GMT
Nigeria's government has again privatised the state-owned Nitel/Mtel networks, and handed over ownership to the NATCOM consortium for a payment of US$252 million....more

Dixons Carphone Sells German Subsidiary
April 19th 2015 - 07:10 GMT
UK based Dixons Carphone has sold its German subsidiary to the local virtual mobile network operator, Drillisch....more

Qualcomm Under Pressure to Split the Company
April 19th 2015 - 06:45 GMT
An activist shareholder is pushing for Qualcomm to split the company in half and separate its semiconductor division from its patent licensing business....more

MTN Looking to Buy Smaller Nigerian Mobile Network
April 17th 2015 - 12:15 GMT
South Africa based MTN Group is reported to be in talks to buy Nigeria based Visafone Communications. ...more

Nokia Buys Alcatel-Lucent for $16.5 Billion
April 14th 2015 - 22:52 GMT
Nokia has confirmed fevered speculation, and is to pay EUR15.6 billion (US$16.5 billion) to buy Alcatel-Lucent, while also confirming that it is looking to sell its digital mapping division, Here....more

Nokia in Talks to Buy Part of Alcatel-Lucent
April 14th 2015 - 02:42 GMT
Nokia is reported to be in talks to buy parts of Alcatel-Lucent as it continues to focus on becoming a pure-play network infrastructure supplier....more

Parliament Sacks Defence Minister in Telekom Sale Scandal
April 10th 2015 - 00:22 GMT
A scandal in Slovenia over the privatisation of the local telecoms giant has seen the government's Defence Minister Janko Veber forced to step down by parliament....more

Fitch Affirms China Mobile at 'A+' with Stable Outlook
April 9th 2015 - 01:55 GMT
The ratings reflect Fitch's expectations that CML would be able to maintain its dominant position over the medium term due to its significant economies of scale, robust financial position and solid execution ability....more

MTN Could See $1 Billion Boost from Lifting of Iran Sanctions
April 9th 2015 - 01:30 GMT
South Africa based MTN expects to be able to transfer around US$1 billion in profits from its Iranian subsidiary if and when sanctions against Iran are relaxed....more

EU to Investigate Merger of Danish Telecoms Networks
April 8th 2015 - 23:25 GMT
The European Commission has opened an investigation to assess whether the proposed joint venture between the Danish operators TeliaSonera and Telenor is in line with the EU Merger Regulation....more

Slovakian Government Plans Sale of 49% Stake in Slovak Telekom
April 8th 2015 - 23:00 GMT
Slovakia's government has announced plans to sell off its 49% stake in the country's largest telecoms operator, Slovak Telekom....more

Fitch Affirms Rogers Communications at 'BBB+'; Outlook Negative
April 8th 2015 - 01:25 GMT
Fitch believes Rogers' mix of wireless and cable assets positions the company competitively and allows for significant revenue diversification through its robust bundled service offerings....more

Singtel Beefs Up CyberSecurity with $810 Million Acquisition
April 7th 2015 - 23:25 GMT
Singapore's Singtel has signed an agreement to acquire a 98% equity interest in US-based Trustwave, a specialist in managed security services....more

Indian Regulator to Review of Mobile Networks Accounts
April 6th 2015 - 23:00 GMT
India's telecoms regulator has started a review of the local mobile network operator's accounting systems. ...more

$16 Billion Investment Fund Set Up for Telecoms Investments
April 6th 2015 - 04:25 GMT
Smaller struggling telecoms firms could get a cash injection after the Russian billionaire Mikhail Fridman set up a US$16 billion investment fund....more

Ericsson Acquires Telecom IT Services Business in China
March 31st 2015 - 01:25 GMT
Ericsson says that it has signed an agreement to acquire the telecom business of Sunrise Technology, a provider of IT services in the operations and business support systems (OSS/BSS) domain. ...more

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