List of Business News Articles

NII Holdings Misses Debt Repayment Deadline
Latin American mobile network operator, NII Holdings has defaulted on a payment of just under US$119 million in interest payments on its debt. ...read more

Econet Wireless Secures $150 Million for Network Upgrades
The African Export-Import Bank (Afreximbank) has announced the closing of a US$150 million financing facility for Econet Wireless to enable the company fund its expansion programme. ...read more

Samsung to Acquire M2M Platform, SmartThings
Samsung Electronics announced that it has entered into an agreement to acquire the M2M developer, SmartThings for an undisclosed amount. ...read more

Fitch Downgrades Telecom Namibia on Weakening State Support
Fitch said that the downgrade reflects its view that state support for TN has weakened. TN's standalone credit profile has deteriorated with no significant evidence of government support. ...read more

Moody's downgrades NII Holdings over Bankruptcy Concerns
NII Holdings -- which operates Nextel branded services in Latin America -- has had its debt ratings downgraded as the company faces the possibility of falling into bankruptcy. ...read more

Fitch: Samsung and Apple to Lose Global Smartphone Market Share
Samsung's and Apple's global smartphone shipment market share will decline to around 25% and 14%, respectively, by 2015 (2013: 31% and 15%), says Fitch Ratings. ...read more

Etisalat Nigeria Sells Towers to IHS Holding
Etisalat Nigeria is selling a large portion of its tower assets to IHS Holding for an undisclosed amount. ...read more

Safaricom Renews Plans to Buy Yu's Mobile Network Infrastructure
Kenya's Safaricom has confirmed that it will apply to buy the network assets of smaller rival, Essar's Yu after overcoming regulatory problems. ...read more

Bahrain's Batelco Pursues Former Indian Partner for Compensation
Bahrain's Batelco has moved a step closer to securing the US$212 million it is claiming in damages from its former Indian partners, C Sivasankaran and Siva Ltd. ...read more

Bharti Airtel Raises $350 Million from Tower Sale
India's Bharti Airtel has confirmed that it sold shares in its publicly listed towers subsidiary to bring it into line with stock exchange regulations. ...read more

Smaato Raises $25 Million for Mobile Ad Expansion
The mobile advertising agency, Smaato says that it has raised an additional US$25 million in investment funding. ...read more

Pantech to File for Bankruptcy This Week
South Korea's struggling mobile phone manufacturer, Pantech plans to file for bankruptcy again this week after its latest attempt to stave of receivership failed. ...read more

Fitch: Telefonica Offer For GVT Would Add Synergies Not Debt
Telefonica's EUR6.7bn offer for Brazil's Global Village Telecom would be credit positive because it would further diversify revenues and strengthen its position in a core market without adding leverage, ...read more

Vodafone Debt Ratings Downgraded Following Acquisitions
Fitch said that the downgrade is driven by an increase in leverage resulting from the acquisition of Spanish telco, Ono. ...read more

Telefonica Makes $9 Billion Bid to Boost Brazilian Presence
Telefonica has made a US$9 billion bid to expand its operations in Brazil as the threat of regulatory action over its cross shareholding in a rival Brazilian mobile network diminishes. ...read more

Sprint Drops Plans for $32 Billion Takeover Bid for T-Mobile USA
The long expected merger of USA based Sprint and T-Mobile has been dropped, and Sprint's CEO has resigned, according to news reports overnight. ...read more

Egypt's Etisalat Misr Looking at Stock Market Listing
Etisalat's Egyptian subsidiary, Etisalat Misr is reportedly in talks with investment banks to file for a stock market listing on the Cairo exchange. ...read more

Fitch Affirms Indonesia's Telkom at 'BBB-'; Outlook Stable
Constrained by Sovereign Rating: Telkom's IDRs are capped by the ratings on the Indonesian sovereign, due to the government's 52.6% shareholding in Telkom. The government, through its control of the company's board of directors, has significant influence over the company. ...read more

Fitch: Iliad T-Mobile USA Bid Increases DT's Strategic Options
Iliad's offer to acquire Deutsche Telekom's (DT) stake in T-Mobile USA expands DT's strategic options with regard to this stake. ...read more

Russia's MTS to Return to Uzbek Market Following Dispute Settlement
Russia's MTS has settled its long-running dispute with the government of Uzbekistan, and plans to resume mobile services in the country, in a joint venture with the government. ...read more

France's Iliad Launches Surprise Takeover Bid for T-Mobile USA
France's smallest mobile network operator, Iliad has launched a US$15 billion offer to buy a majority stake in T-Mobile USA. ...read more

Nokia Networks Buys Panasonic's Base Station Division
Nokia Networks has signed a deal to buy Panasonic's base station system business and related wireless equipment system business. ...read more

Visa Invests in Mobile Payments Processing Company
The mobile payments processor, LoopPay says that it has received an investment from Visa, although it declined to say how much the investment was worth. ...read more

Ericsson acquires MetraTech to expand cloud and enterprise billing capabilities
Ericsson has announced that it is buying USA-based MetraTech, a provider of metadata-based billing, commerce and settlement services. ...read more

BlackBerry Buys German Voice Encryption Provider, Secusmart
BlackBerry has announced that it is buying Secusmart, a provider of voice and data encryption and anti-eavesdropping services. ...read more

Cukurova Close to Securing $1.6 Billion Loan to Settle Turkcell Dispute
The long running saga over control of Turkey's Turkcell has moved a step closer to resolution after a British court approved plans by Cukurova to repay a US$1.6 billion loan to Russia's Altimo. ...read more

Batelco Profits Down on One-Off Costs
Bahrain's Batelco has reported a 22.4 percent drop in its second quarter profits as the company was hurt by one-off costs as well as increased competition in its core markets. ...read more

Baidu's Mobile Search Leadership Sustains Ratings
Fitch Ratings says that Baidu's continued solid performance in 2Q14 reinforces its belief that Baidu's cross-channel leadership in search advertising in China will continue to sustain its credit profile, ...read more

Indonesian Tower Operator Raises Funds for Aquisitions
Indonesia's Tower Bersama Infrastructure (TBIG) is reported to have lined up US$1.8 billion in funding should it win a bid to buy a number of towers being sold by the country's largest mobile network operator, XL Axiata. ...read more

LG Ships Record Number of Smartphones in Past Quarter
South Korea based LG says that it shipped a record-high 14.5 million smartphones in the second quarter of this year, a 20 percent increase year-over-year ...read more