List of Business News Articles

Ericsson acquires telecom IT services business in China
Ericsson says that it has signed an agreement to acquire the telecom business of Sunrise Technology, a provider of IT services in the operations and business support systems (OSS/BSS) domain. more

Fitch Affirms Sri Lanka Telecom's debt ratings following tax hike
Fitch Ratings has affirmed Sri Lanka Telecom's debt ratings, with a stable outlook following changes to the tax regime introduced by the new government. more

Apple Displaces AT&T in Dow Jones Industrial Average Index
Apple will replace AT&T in the Dow Jones Industrial Average (DJIA) after the close of trading on Wednesday, March 18. more

NII Holdings Announces Restructuring Agreement
NII Holdings has reached an agreement with some of its debt holders that should see it exist the bankruptcy protection it entered last year. more

Fitch: Verizon Highlights Spectrum and Technology Roadmap
A modest positive effect on Verizon's credit profile is likely should it increase capacity via spending on small cells, deployment in unlicensed spectrum and on advances in technology rather than by acquiring spectrum at relatively high valuations, more

Colombian Telecommunications Outlook: Profitability Deterioration & Pressured Cash Flow
Fitch Ratings says that it expects Colombian Telecommunication Companies's ratings to remain relatively stable. more

Samsung to Acquire LoopPay, a Digital Wallet Platform
Samsung Electronics has agreed to acquire LoopPay, a mobile wallet solutions provider that turns existing magnetic stripe readers into secure, contactless receivers. more

Ericsson expands systems integration capabilities for OSS/BSS
Ericsson has entered into an agreement to acquire the assets of TimelessMIND, a Canada-based consulting and systems integration company more

Fitch: Hutchison's Ratings Not Immediately Affected by Potential O2 Deal
Fitch Ratings said that Hutchison Whampoa's ratings are not immediately affected by its potential acquisition of O2 UK. more

Fitch Rates AT&T's Credit Facilities 'A'; Remains on Negative Watch
The company's rating and debt securities remain on Rating Watch Negative, where they were placed on May 19 upon the announcement of the acquisition of DIRECTV. more

'Whistle-Blower' Details Alleged Corruption By Western Telecoms In Uzbekistan
A self-styled \"whistle-blower\" claims the Norwegian minority owners of Uzbekistan's largest mobile phone operator should have known about millions of dollars' worth of alleged bribes. more

Canada's BCE to Sell Half of Phone Retailer to Rogers
Canada's BCE has announced plans to sell half of its ownership stake in wireless retailer Glentel to Rogers Communications, following the closing of Bell's acquisition of Glentel, expected in the first half of 2015. more

Craig Wireless Increases Investment in New Zealand Affiliate
Craig Wireless Systems has increased its investment in its New Zealand-based subsidiary, Woosh Wireless. more

Rating Outlooks Remain Stable Across U.S. Telecom, Media and Technology Sectors
Fitch believes merger and acquisition related event risk will remain moderate during 2015. Fitch does not foresee significant incremental business separations within the technology sector more

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. 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 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. 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. 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. 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. 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, 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. 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. 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. 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. 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. 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, 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. 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, 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. more