Business Category

Fitch Revises Telefonica's Outlook to Stable; Affirms at 'BBB+'
June 30th 2015 - 01:00 GMT
The revision of the Outlook to Stable is driven by expectations of stabilising operational trends within Telefonica's domestic market in Spain and improving group EBITDA over the next 12 to 18 months. ...more

Turkcell Increases Investment in Ukraine
June 29th 2015 - 02:10 GMT
Turkey based Turkcell has announced that it is buying out its minority partner in a Ukranian subsidiary for US$100 million....more

Fitch Affirms Samsung Electronics at 'A+'; Outlook Stable
June 29th 2015 - 01:00 GMT
Fitch Ratings has affirmed South Korea-based Samsung Electronics long term debt ratings at 'A+' with Stable Outlook. The agency has also affirmed SEC's senior unsecured rating at 'A+'....more

UAE to Allow Foreign Investors to Buy Stake in Etisalat
June 23rd 2015 - 03:15 GMT
The UAE government has lifted restrictions which had blocked foreign investors from buying a stake in the country's largest telco, Etisalat. ...more

Bouygues Telecom Faces EUR10 Billion Takeover Bid from Altice
June 21st 2015 - 23:04 GMT
Fast growing telecoms holding company, Altice is reported to have made a takeover bid for the French mobile network, Bouygues Telecom....more

Indian Mobile Networks in Merger Talks
June 16th 2015 - 02:40 GMT
India's Reliance Communications (RCom) has confirmed that it is in merger talks with a rival mobile network....more

Etisalat Sells Tanzanian Subsidiary for One Dollar
June 15th 2015 - 03:00 GMT
Millicom has signed am agreement to acquire an 85% stake in Zanzibar Telecom (Zantel) from Etisalat Group for just one dollar....more

Fitch Affirms Bharti Airtel at 'BBB-'; Outlook Stable
June 15th 2015 - 01:55 GMT
Fitch Ratings has affirmed India-based Bharti Airtel's Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'....more

T-Mobile and Dish Networks in Merger Talks
June 4th 2015 - 01:40 GMT
Two of the USA's most bombastic CEOs are said to be in merger talks that could see T-Mobile USA combined with the satellite TV provider, Dish Network....more

Nokia Networks to Acquire Eden Rock to Enhance Its SON Portfolio
June 3rd 2015 - 01:25 GMT
Nokia Networks has signed an agreement to acquire Eden Rock Communications, a developer of SON and creator of Eden-NET, a multivendor centralized SON solution....more

Zain Group Invests in Wamda Capital's Venture Fund
June 1st 2015 - 02:20 GMT
Zain Group has announced its second foray into venture capital investment through a strategic participation in Wamda Capital's growth stage venture fund. ...more

Deutsche Telekom Acquires Remaining 49%-stake in Slovak Telekom
May 28th 2015 - 02:00 GMT
Deutsche Telekom is acquiring the 49-percent stake of Slovak Telekom that it does not already own for a purchase price of EUR 900 million, ...more

Vodafone Preparing for Indian Stock Market Floatation
May 26th 2015 - 01:25 GMT
Vodafone is reported to be preparing for the long expected stock market listing of its Indian subsidiary....more

Vodafone Under Pressure to Consider Mega-Merger with Liberty Global
May 25th 2015 - 02:45 GMT
Vodafone is coming under pressure from shareholders to push ahead with a rumoured merger with the cable operator, Liberty Global....more

Uber Said to Be Close to Mapping Deal with Nokia
May 21st 2015 - 02:05 GMT
Controversial taxi hiring service, Uber is reportedly close to a deal to pay around US$3 billion for Nokia's digital mapping division, Here....more

Liquid Telecom Buys Zambian WiMAX Operator
May 19th 2015 - 03:40 GMT
Pan Africa operator, Liquid Telecoms has announced the expansion of its business in Zambia following the full acquisition of Realtime, the second largest Internet Service Provider in the country....more

Crown Castle Sells 1,800 Towers in Australia for US$1.6 Billion
May 19th 2015 - 02:40 GMT
USA based towers operator, Crown Castle has sold its Australian subsidiary (CCAL) to a consortium of investors for US$1.6 billion. ...more

Outlook On Omantel Revised To Positive On Likely Improvement In Financial Policy
May 18th 2015 - 04:15 GMT
Standard & Poor's Ratings Services has revised its outlook on Oman's largest telecom operator, Omantel to positive from stable....more

Mobily Confirms Talks to Sell $2 Billion of Assets
May 18th 2015 - 03:55 GMT
Saudi Arabia based Mobily has confirmed that it is considering selling its tower assets in a deal that could be worth as much as US$2 billion....more

India's RCom Said to Be in Merger Talks with MTS
May 18th 2015 - 02:20 GMT
Long overdue consolidation looks likely in the Indian telecoms market with reports that Reliance Communications may merge with MTS India,...more

Africa's Maturing Telecoms Sector to See Further M&A Activity
May 14th 2015 - 22:58 GMT
Moody's expects more consolidation within markets as existing operators - particularly smaller third or fourth tier companies - look for ways to cut costs and expand their market share. ...more

Vivendi Sells Remaining 20% Stake in SFR
May 12th 2015 - 02:30 GMT
Altice and Numericable-SFR announced that they have, together, acquired Vivendi's 20% stake in Numericable-SFR for a total of US$4.37 billion. ...more

Fitch Revises KPN's Outlook to Positive
May 8th 2015 - 01:40 GMT
The revision in Outlook to Positive reflects Fitch's view that leverage over the next 12 to 18 months is likely to improve, following the sale of the company's Belgian mobile subsidiary BASE and growing cashflows from the company's domestic operations. ...more

Fitch Affirms Telkomsel at 'AAA(idn)'; Outlook Stable
May 7th 2015 - 01:40 GMT
Telkomsel's rating reflects its dominant market position in the Indonesian mobile telecommunication market. ...more

OTE's Debt Downgraded
May 5th 2015 - 13:10 GMT
Moody's Investors Service has downgraded Hellenic Telecommunications Organization's (OTE) debt ratings, and given them a negative outlook for a further downgrade....more

VimpelCom's Financial Metrics Expected to Recover During 2016
May 1st 2015 - 01:00 GMT
Moody's expects that VimpelCom will retain its solid competitive position in Russia, where it has a 24% market share by subscriber as of September 2014...more

Bharti's 4Q FY2014/15 Results Continue to Support Credit Profile
April 30th 2015 - 23:20 GMT
Moody's Investors Services says Bharti Airtel's 4Q FY 2014/2015 operating performance continues to support its Baa3 issuer rating....more

Nextel Mexico Sold to AT&T
April 30th 2015 - 22:45 GMT
NII Holdings has completed the previously announced sale of its Mexican operations to AT&T for an aggregate purchase price of $1.88 billion, subject to customary post-closing adjustments....more

Zain Moves Closer to Iraq Stock Market Listing
April 30th 2015 - 02:20 GMT
Zain's long delayed stock market listing for its Iraqi subsidiary has taken a step closer to being completed after the company formally made an application to the Baghdad stock exchange....more

Fitch: Comcast's Ratings Unaffected by Merger Termination
April 30th 2015 - 02:00 GMT
Comcast's credit profile will remain largely intact owing to the transaction structure's equity focus. Going forward, Fitch does not expect any material changes to Comcast's capital structure or financial policy....more

Moody's Confirms MTS's Debt Rating; Negative Outlook
April 30th 2015 - 01:00 GMT
Moody's Investors Service has confirmed Mobile TeleSystems (MTS) debt and default ratings. The outlook on all ratings is negative....more

Nokia Deal Unlikely To Ease Sector Competition
April 29th 2015 - 02:00 GMT
Fitch Ratings says the proposed merger between Nokia and Alcatel Lucent is unlikely to significantly ease price competition in the sector, particularly in the near term,...more

India's Micromax Close to Selling Stake to Chinese Investor
April 26th 2015 - 23:15 GMT
The Indian mobile phone manufacturer, Micromax is reportedly close to a deal to sell a 25% stake to China's Alipay, in a deal that could see the phone manufacturer valued at around US$5 billion....more

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