Business Category

China's ZTE Granted Extended Reprieve from US Sanctions
June 28th 2016 - 04:15 GMT
China's ZTE has been granted a temporary reprieve by the US government which had imposed sanctions on the company,...more

Sistema Buys Out Russian Government Stake in India's MTS
June 28th 2016 - 03:50 GMT
Russia's Sistema is buying the 17.14% stake in India's Sistema Shyam Tele-Services Ltd (SSTL) currently owned by the Russian government....more

Liquid Telecom Buys South Africa's Neotel
June 28th 2016 - 03:25 GMT
Privately owned Liquid Telecom has announced that it is buying South Africa's Neotel -- owned by India's Tata Communications and Nexus Connexion--for ZAR6.55 billion (US$428 million)....more

Moody's Revises Outlook on KT's Baa1 Rating to Positive
June 27th 2016 - 02:20 GMT
Moody's Investors Service has revised the outlook on South Korea's KT Corp's rating positive from stable....more

Cask Receives Strategic Investment From Ericsson
June 27th 2016 - 01:00 GMT
Cask says that it has received am investment from Ericsson. The company said that the minority investment will help accelerate delivery of its Apache Hadoop-based solutions...more

India's Tata Teleservices Ordered to Pay $1.17 Billion in Compensation
June 23rd 2016 - 22:10 GMT
Japan's NTT DoCoMo says that it has been awarded US$1.17 billion in compensation following a dispute with India's Tata Teleservices Limited (TTSL)....more

Vodafone Planning Indian Stock Market Listing
June 23rd 2016 - 21:56 GMT
Vodafone is reportedly planning a stock market listing for its Indian subsidiary by the end of this year in a move that could raise around US$2.5 billion for the company....more

O2 Eyes London Stock Market Listing
June 23rd 2016 - 02:05 GMT
The parent of UK based O2 has confirmed that it is considering a stock market listing following a decision to block the sale of the company to Hutchison 3G UK....more

Spain's Masmovil Buys Yoigo from Telia
June 23rd 2016 - 01:45 GMT
After years of failed attempts, Sweden's Telia has finally sold its majority stake in Spain's Yoigo -- to local telco, Masmovil....more

Brazil's Oi Files for Bankruptcy Protection
June 22nd 2016 - 01:40 GMT
The Brazilian telco, Oi has filed for a shock bankruptcy, sending shockwaves through the recession hit country....more

Tele2 Announces Deal to Buy TDC Sweden
June 21st 2016 - 02:25 GMT
Sweden's Tele2 has announced that it is buying TDC's local subsidiary for US$352 million, in a deal that it said would make it a stronger player in the strategically important B2B segment in its home market....more

Ericsson Probed Over Bribery Allegation in Greece
June 20th 2016 - 11:45 GMT
Greek authorities are questioning seven of Ericsson's employees following allegations of corruption....more

US Agency Invests in Myanmar Tower Operator
June 20th 2016 - 01:45 GMT
The USA government's development finance agency is making its first investment in Myanmar, with a loan to a telecoms company, Reuters has reported....more

Taiwan Mobile Eyes Overseas Investments for Growth
June 16th 2016 - 02:45 GMT
Taiwan Mobile has confirmed that it is considering investing in two overseas telecoms markets, of India and Indonesia....more

Cellcom Demands $230 Million in Damages Following Talks Break-Down
June 14th 2016 - 03:10 GMT
Israel's Cellcom is seeking US$230 million in damages after a partnership with rival Golan Telecom broke down....more

Etisalat Forced to Sell Sudan Stake to Local Bank
June 14th 2016 - 02:20 GMT
UAE based Etisalat has announced that it is selling its Sudanese landline operator, Canar to the local Bank of Khartoum....more

MTN Agrees to Pay US$1.67 Billion Nigerian Fine
June 13th 2016 - 03:05 GMT
MTN's Nigerian subsidiary has settled a massive fine with the government over its failure to disconnect unregistered SIM cards....more

Vodafone Announces $2.4 Billion New Zealand Merger with Sky TV
June 9th 2016 - 01:55 GMT
Vodafone's New Zealand subsidiary has announced an effective takeover of the country's main pay television operator, Sky TV in a US$2.4 billion merger....more

Verizon Preparing $3 Billion Yahoo Bid
June 7th 2016 - 01:20 GMT
USA based Verizon is reportedly submitting a second-round bid to buy Yahoo's internet assets. The company is offering a reported US$3 billion for the website services of the former search giant....more

PLDT's Acquisition of San Miguel's Telecoms Business is Credit Negative
June 2nd 2016 - 03:15 GMT
Moody's Investors Service says that Philippine Long Distance Telephone Company's acquisition of San Miguel's telecommunication business is credit negative...more

Tunisie Telecom Offers to Buy Out Minority Shareholders in Maltese Network
June 2nd 2016 - 01:00 GMT
Tunisie Telecom is launching an offer to buy the 40% of Malta based Go following an agreement to buy out the main 60% shareholder....more

San Miguel Sells Telecoms Assets for US$1.5 Billion
May 31st 2016 - 01:45 GMT
Philippines based San Miguel Corp has sold its telecoms assets to the country's two rival operators, Globe Telecom and PLDT for a combined US$1.5 billion....more

America Movil Faces Challenges As Latin America's Telecoms Sector Evolves
May 27th 2016 - 01:20 GMT
While cutting debt and reducing capital spending will help offset pressure on its credit profile, intense competition and slower industry growth are a threat. ...more

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