List of Business News Articles

U.S. Cellular Announces Sale of Towers in Divested Markets
USA based US Cellular has entered into a definitive agreement with Vertical Bridge Holdings to sell 595 towers for approximately $159 million. ...read more

RadioShack Cost Cutting Likely Not Enough to Prevent Debt Restructuring
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 ...read more

GCI to Purchase Wireless Subscriber Base from Alaska Communications
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. ...read more

Canada's BCE Buys Mobile Phone Retailer
Canadian telco, BCE has announced that it is buying Glentel, the Canadian-based multi-carrier mobile products distributor for approximately $670 million. ...read more

Fitch: American Tower's Acquisitions Not Expected to Pressure Rating
Fitch Ratings has said that it believes American Tower Corporation's (AMT) planned tower acquisitions in Brazil and Nigeria will have a minimal effect on its credit profile, given plans to finance the transactions within its leverage targets. ...read more

Smartphones to Commoditise Like PCs; Margins to Contract
The margins of Asian smartphone makers are likely to contract in the medium term amid heightened competition and product commoditisation, says Fitch Ratings. ...read more

Fitch: BT Has Greater Deal Headroom than TI at Current Ratings
BT Group and Telecom Italia's recent announcements of potential consolidation are both driven by similar desires to boost scale, cut competition and bundle complementary services, ...read more

American Tower Paying $1.2 Billion for Brazilian Tower Network
American Tower has reached an agreement with TIM Celular to acquire two portfolios of towers in Brazil. ...read more

SingTel Ratings May Face Pressure; M1, StarHub Stable in 2015
Fitch Ratings says that SingTel's debt rating could come under pressure as leverage is likely to deteriorate. ...read more

Korean Telcos to Face Less Competition, Better Cash Flow
Fitch Ratings says that credit profiles for South Korean telecommunications companies are likely to remain stable in 2015 with less intensive competition and improved free cash flow due to reduced capex. ...read more

Consolidation to Slow Margin Decline for Sri Lankan Telcos
Over-capacity in Sri Lanka's telecommunications industry could shrink as two weaker operators may exit the sector, which would benefit the remaining players, Fitch Ratings says in a special report. ...read more

Intense Competition in Malaysia to Narrow Telco Margins
Fitch Ratings says that competition in the Malaysian telecom industry will remain intense in 2015, particularly among mobile operators, which could lead to their average operating EBITDA margin narrowing by 1pp-1.5pp. ...read more

Indian Top Telcos' Credit Profiles Intact on Reliance's Entry
The credit profiles of the top four Indian telcos will remain intact in 2015 thanks to a gradual rise in voice tariffs and improving regulatory environment that stem from industry consolidation, ...read more

Fitch: Slow Revenue But Strong Earnings Growth for Thai Telcos
Fitch Ratings says that service revenue for Thailand's three largest mobile phone operators is likely to grow at a low single-digit rate in 2015, supported by improvement in the economy. ...read more

AT&T's Senior Unsecured Notes Offering 'A'; Remains on Negative Watch
Fitch Ratings has assigned an 'A' rating to AT&T's Swiss franc offering of senior unsecured debt, ...read more

Leading Australian Telcos' Credit Metrics to Remain Steady in 2015
Fitch Ratings' Outlook for Australia's leading telecommunications operators is stable in 2015 as they will consolidate their already strong market positions. ...read more

Indonesian Telcos' Leverage to Improve on Consolidation
Indonesia's top three telecom companies' 2015 credit profiles will improve due to ongoing industry consolidation, monetisation of tower assets and capex savings despite lower profitability, ...read more

Chinese Telcos' Weakening Metrics Won't Threaten Ratings
Credit metrics for Chinese telcos will further weaken in 2015 on lower margins and higher capex, although this will not be sufficient to threaten their ratings, ...read more

AT&T to Acquire Mexican Wireless Provider, Iusacell
USA based AT&T has announced that it is paying US$2.5 billion for the Mexican mobile network operator, Iusacell and plans to offer a single network service covering both countries. ...read more

Fitch: Indonesia Tower Sales to Benefit TBI & XL; Telkom Neutral
Two deals announced in October by major Indonesian telcos to sell off tower assets to dedicated tower operators will have a varying credit impact for each of the deal participants, says Fitch Ratings. ...read more

Fitch Affirms Philippines' Globe at 'BBB-'; Outlook Stable
Fitch said that Globe's ratings benefit from its second-largest position in the Philippines' duopoly telecom market. ...read more

Vodafone Wins $520 Million Indian Tax Dispute
Vodafone has won a court case in India overturning a request for Rs32 billion (US$520 million) in taxes following an audit of transfer pricing issues. ...read more

Apple Supplier to Lay Off Nearly 900 Staff Following Loss of Contract
A sapphire production company is to lay off nearly 900 staff after it lost a contract to supply the hard screen covers to Apple. ...read more

Telefonica Secures Deal to Buy Brazilian Operator
Spain's Telefonica has boosted its Brazilian presence, with the purchase of Global Village Telecom (GVT) from Vivendi. ...read more

BlackBerry Acquires Movirtu to Boost Support for BYOD
BlackBerry has acquired Movirtu, a provider of virtual identity solutions for mobile operators that allows multiple numbers to be active on a single device. ...read more

NII Holdings Files for Bankruptcy Protection
Debt laden NII Holdings -- which operates Nextel branded services in Latin America -- has filed for chapter 11 bankruptcy protection from its creditors. ...read more

UK Phone Retailer, Phones4U to Close all 550 Retail Stores, 6000 Staff Affected
The UK based mobile phone retailer, Phones4U has called in administrators and is closing all 550 of its retail stores. Phones4U has nearly 6,000 staff who now face redundancy. ...read more

MTN Sells Nigerian Tower Assets
MTN's Nigerian subsidiary has signed a deal to sell its towers to pan-African tower operator, IHS Holdings. ...read more

Bharti Airtel Sells 3,500 Towers Across Africa
Bharti Airtel has announced a deal to sell some 3,500 towers across its African networks to the tower management firm, Eaton Towers. ...read more

Essar Group Sells Kenyan Subsidiary for $120 Million
Kenya's Safaricom and Airtel have formally signed the deal that will see them buying up the assets of Essar Group's local subsidiary, yuMobile. ...read more