List of Business News Articles

Chinese Bidding to Buy Mobile Browser Developer, Opera
Mobile web browser turned advertising agency, Opera Software has agreed to a NOK10.5 billion (US$1.2 billion) takeover bid from a consortium of Chinese companies. ...read more

Saudi Networks in Tower Asset Merger Talks
Saudi Arabia's three dominant mobile networks are reported to be in talks which would see them spin off their tower assets into a single holding company. ...read more

Vodafone to Delay Indian Stock Market Listing
Vodafone has warned that it's Indian subsidiary is unlikely to float shares on the local stock market this year. ...read more

Sri Lankan Mobile Networks in Merger Talks
Sri Lanka's overcrowded mobile market may see some long expected consolidation with reports that Malaysia's Axiata Group and India's Bharti Airtel are looking to merge their local subsidiaries. ...read more

Europe clears acquisition of mobile network operator BASE by Liberty Global
The European Commission has approved under the EU Merger Regulation the acquisition of BASE, a Belgian mobile network operator, by Liberty Global. ...read more

Millicom to sell its Democratic Republic of Congo business to Orange
Millicom has signed an agreement for the sale of its Tigo business in the Democratic Republic of Congo (DRC) to Orange. ...read more

Verizon Mulls Takeover Bid for Yahoo
USA based Verizon could be considering a take-over bid for ailing search engine giant, Yahoo, the company's CEO has confirmed. ...read more

ADB, IFC to Help Extend Mobile Telecom Services Across Myanmar
The Asian Development Bank (ADB) and the International Finance Corporation are providing loans of US$300 million to Ooredoo Myanmar for the rollout of a mobile telecommunication network across Myanmar. ...read more

Moody's: SK Telecom's 2015 results in line with expectations
Moody's Investors Service says that SK Telecom's 2015 results were largely in line with the company's A3 issuer and senior unsecured bond ratings. The ratings outlook remains stable. ...read more

Russian telcos under pressure from rising competition and weakening economy
The profitability of Russian telecommunications companies will remain under pressure due to high inflation and foreign exchange losses, as well as rising mobile market competition, ...read more

Sri Lanka Telco Outlook Improves with New Government Budget
Fitch Ratings has revised the outlook on Sri Lanka's telco sector to stable from negative as the new budget, introduced in December 2015, has scrapped recurring taxes, ...read more

Reliance Jio Infocomm Seeking $2.2 Billion from Shareholders
India's long awaited new mobile network, Reliance Jio Infocomm has confirmed that it plans to raise US$2.2 billion from its existing shareholders via a rights issue. ...read more

Orange Boosts African Presence - Buys Cellcom Liberia
Orange has announced it has entered into a firm agreement with Cellcom Telecommunications to acquire, through its subsidiary Orange Côte d'Ivoire, 100% of Cellcom's Liberia subsidiary. ...read more

Orange Buys Two Networks in Africa from Bharti Airtel
Orange and Bharti Airtel have signed an agreement leading to Orange's acquisition of Airtel's operations in Burkina Faso and Sierra Leone. ...read more

Fitch Affirms Millicom at 'BB+'; Outlook Stable
Fitch Ratings has affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) of Millicom International Cellular at 'BB+' with a Stable Outlook. ...read more

XL Axiata Selling Towers to Reduce Debt
Indonesia's XL Axiata has confirmed that it plans to sell some of its telecoms towers to help pay down its debt. ...read more

Fitch: Rouble Weakness to Weigh on Russian Telecoms' Margins, Capex
Prolonged rouble weakness will likely shave off up to two percentage points of Russian telecoms operators' profit margins and trigger a revision of capex plans but will not lead to significant changes in the competitive environment. ...read more

Orange in Takeover Talks with Bouygues Telecom
France based Orange is reportedly in talks to buy its smaller local rival, Bouygues Telecom in a deal which could see the local market consolidate down to three mobile networks. ...read more

Thai Telcos Face More Competition With New Entrant
Fitch Ratings expects greater competition in Thailand's telecommunication sector after new entrant Jas Mobile won an auction in December 2015 for 900MHz spectrum with a THB75.7bn bid. ...read more

Vietnam Again Looks at Privatizing MobiFone
Vietnam's government is looking to part privatize the country's second largest mobile network operator, MobiFone, according to local media reports. ...read more

China Telecom Chairman in Corruption Investigation
China Telecom's Chairman, Chang Xiaobing is reported to be under investigation by Chinese authorities for \"serious disciplinary violations\", which is often code for a corruption or bribery allegation. ...read more

Fitch Upgrades Telenet to 'BB-'; Outlook Stable
The upgrade reflects Fitch's revised view of Telenet's ability to generate free cash flow (FCF) and support a leveraged balance sheet. Telenet has a strong operating profile that is supported by a favourable market structure, which enables robust and stable cash generation. ...read more

Fitch Downgrades TDC to 'BBB-'; Outlook Stable
The downgrade reflects Fitch's expectations that following the company's acquisition of Norwegian cable operator Get, the pace of deleveraging will be slower than originally expected. ...read more

TeliaSonera Sells Stake in Nepal's Ncell for $1 Billion
TeliaSonera has agreed to sell its 60.4 percent ownership in the Nepalese operator Ncell to Axiata, one of Asia's largest telecommunication groups, for US$1 billion on a cash and debt free basis. ...read more

Fitch: Market Environment Stabilising in Italian Telecoms
Fitch Ratings says that Italian telecoms industry trends point to increasing stabilisation of the revenue environment in 2016. ...read more

Vodafone Sues KPN Over Alleged Market Abuses
Vodafone Netherlands says that it has commenced legal action against the incumbent telecoms operator in the Netherlands, KPN, alleging anti-competitive behaviour in the Dutch convergent communications market. ...read more

Indonesia's XL Axiata Looking to Raise Funding for Debt Repayments
Indonesia's XL Axiata is reportedly seeking to raise US$500 million next year to help pay down its debt. ...read more

US Tech Sector Outlook Negative for 2016; Media & Telecom Sector Outlooks Remain Stable
Disruptive technology will continue to drive the transformation of legacy business models and the convergence of telecommunications, media and technology services in 2016, ...read more

MTN Debt Ratings Downgraded on Weak Home Market/Nigerian Fine
The downgrade follows the recent rating action on South Africa's sovereign ratings, which is considered together with the impact from recent announcements from the group regarding the fine from NCC, the Nigerian telecoms regulator. ...read more

Ascom Issues Profits Warning
Ascom Network Testing has warned that it anticipates delivering weaker results than expected for fiscal year 2015 due to harsh market conditions particularly in North America. ...read more