List of Business News Articles

Bharti Airtel Plans $9 Billion Network Upgrade
India's Bharti Airtel has outlined plans to spend US$9 billion over the next three years on network upgrades. more

Fitch: Sri Lankan Telcos Outlook Negative; Uncertain Tax Regime
Fitch Ratings has maintained a negative outlook on Sri Lanka's telecom sector. This is based on uncertainty over proposals to increase taxes, which are likely to lower profitability and increase leverage for telcos, if implemented. more

Indonesia Telcos' Capex to Stay Flat, Competition Easing
Fitch Ratings says that the credit profiles of Indonesia's top three telcos will remain stable, given flat capex and rational competition more

Immediate Competitive Impact Unlikely from French Spectrum Auction
Fitch Ratings says the outcome of the 700 MHz mobile spectrum auction in France concluded last Tuesday is unlikely to have an immediate impact on the competitive dynamics in the market. more

Limited Impact on Philippines' Telcos from Likely Entrant
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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