Business Category

Samsung Buys AI Firm Set Up by Siri Developer
October 6th 2016 - 03:55 GMT
Samsung has boosted its Artificial Intelligence capabilities after it bought a company set-up by the creator's of Apple's Siri assistant....more

South African Airtime Seller Buys Large Stake in Cell C
October 6th 2016 - 02:30 GMT
South Africa based distributor of prepaid airtime, Blue Label Telecoms has announced amended plans to buy a large minority stake in a local mobile network operator....more

MTN May Abandon Nigerian Visafone Purchase
October 5th 2016 - 01:20 GMT
MTN's Nigerian subsidiary is reportedly reconsidering its purchase of local ICT provider Visafone Communications after the regulator moved to block radio spectrum transfers....more

MTN Denies Illegal Cash Transfers out of Nigeria
October 3rd 2016 - 10:15 GMT
MTN has been forced into issuing a denial that it has smuggled US$14 billion out of its Nigerian subsidiary illegally....more

Vodafone Buys Lebara Mobile's Australian MVNO
September 13th 2016 - 01:40 GMT
Vodafone Australia has bought the local arm of Lebara Mobile, and around 130,000 customers....more

Telia Sells Its Stake in Tajik Operator Tcell
September 13th 2016 - 01:00 GMT
Telia has agreed to sell its 60 percent holding in Tajikistan's Tcell, to the Aga Khan Fund for Economic Development (AKFED)....more

Ericsson Transfers Parts of 2G and 3G Development to Combitech
August 23rd 2016 - 01:30 GMT
Ericsson and Combitech have signed an agreement for a transfer of 2G and 3G development units in Linkoping and Gothenburg, Sweden....more

MTS Sells Its Majority Stake in Uzbekistan's UMS
August 9th 2016 - 01:00 GMT
Russia's MTS has sold its 50.01% stake in Uzbekistan's UMS to the national government....more

America Movil Reducing Stake in Telekom Austria
August 1st 2016 - 01:00 GMT
Mexico based America Movil has announced that it is reducing its stake in Telekom Austria, but will retain control of the company....more

Huawei Revenues Jumped 40 Percent in First Half of 2016
July 25th 2016 - 01:40 GMT
China's Huawei has reported a 40 percent rise in its first half revenues for this year, reaching RMB245.5 billion (US$36.8 billion)....more

MagtiCom Secures $100 Million Loan from European Bank
July 20th 2016 - 01:40 GMT
The European Bank for Reconstruction and Development is supporting Georgia's MagtiCom with a $100 million loan to improve and expand its broadband penetration in the regions of Georgia....more

Telefonica Sells Stake in China Unicom
July 11th 2016 - 01:25 GMT
Spain's Telefonica has sold a 1.51% stake in China Unicom, raising EUR322 million (US$356 million) for the debt-laden company....more

VimpelCom and Dhabi Group Announce Completion of Mobilink and Warid Merger
July 8th 2016 - 01:00 GMT
The merger of Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom has been completed, their respective shareholders have announced....more

Deutsche Telekom Planning $5.6 Billion Towers Sale
July 4th 2016 - 02:55 GMT
Germany's Deutsche Telekom is reportedly planning a sale of its towers infrastructure in a deal that could be worth as much as US$5.6 billion....more

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