List of Business News Articles

Deutsche Telekom acquires remaining 49%-stake in Slovak Telekom
Deutsche Telekom is acquiring the 49-percent stake of Slovak Telekom that it does not already own for a purchase price of EUR 900 million, ...read more

Vodafone Preparing for Indian Stock Market Floatation
Vodafone is reported to be preparing for the long expected stock market listing of its Indian subsidiary. ...read more

Vodafone Under Pressure to Consider Mega-Merger with Liberty Global
Vodafone is coming under pressure from shareholders to push ahead with a rumoured merger with the cable operator, Liberty Global. ...read more

Uber Said to be Close to Mapping Deal with Nokia
Controversial taxi hiring service, Uber is reportedly close to a deal to pay around US$3 billion for Nokia's digital mapping division, Here. ...read more

Liquid Telecom Buys Zambian WiMAX Operator
Pan Africa operator, Liquid Telecoms has announced the expansion of its business in Zambia following the full acquisition of Realtime, the second largest Internet Service Provider in the country. ...read more

Crown Castle Sells 1,800 Towers in Australia for US$1.6 Billion
USA based towers operator, Crown Castle has sold its Australian subsidiary (CCAL) to a consortium of investors for US$1.6 billion. ...read more

Outlook On Omantel Revised To Positive On Likely Improvement In Financial Policy
Standard & Poor's Ratings Services has revised its outlook on Oman's largest telecom operator, Omantel to positive from stable. ...read more

Mobily Confirms Talks to Sell $2 Billion of Assets
Saudi Arabia based Mobily has confirmed that it is considering selling its tower assets in a deal that could be worth as much as US$2 billion. ...read more

India's RCom Said to be in Merger Talks with MTS
Long overdue consolidation looks likely in the Indian telecoms market with reports that Reliance Communications may merge with MTS India, ...read more

Africa's maturing telecoms sector to see further M&A activity
Moody's expects more consolidation within markets as existing operators - particularly smaller third or fourth tier companies - look for ways to cut costs and expand their market share. ...read more

Vivendi Sells Remaining 20% Stake in SFR
Altice and Numericable-SFR announced that they have, together, acquired Vivendi's 20% stake in Numericable-SFR for a total of US$4.37 billion. ...read more

Fitch Revises KPN's Outlook to Positive
The revision in Outlook to Positive reflects Fitch's view that leverage over the next 12 to 18 months is likely to improve, following the sale of the company's Belgian mobile subsidiary BASE and growing cashflows from the company's domestic operations. ...read more

Fitch Affirms Telkomsel at 'AAA(idn)'; Outlook Stable
Telkomsel's rating reflects its dominant market position in the Indonesian mobile telecommunication market. ...read more

OTE's debt downgraded
Moody's Investors Service has downgraded Hellenic Telecommunications Organization's (OTE) debt ratings, and given them a negative outlook for a further downgrade. ...read more

VimpelCom's financial metrics expected to recover during 2016
Moody's expects that VimpelCom will retain its solid competitive position in Russia, where it has a 24% market share by subscriber as of September 2014 ...read more

Bharti's 4Q FY2014/15 results continue to support credit profile
Moody's Investors Services says Bharti Airtel's 4Q FY 2014/2015 operating performance continues to support its Baa3 issuer rating. ...read more

Nextel Mexico Sold to AT&T
NII Holdings has completed the previously announced sale of its Mexican operations to AT&T for an aggregate purchase price of $1.88 billion, subject to customary post-closing adjustments. ...read more

Zain Moves Closer to Iraq Stock Market Listing
Zain's long delayed stock market listing for its Iraqi subsidiary has taken a step closer to being completed after the company formally made an application to the Baghdad stock exchange. ...read more

Fitch: Comcast's Ratings Unaffected by Merger Termination
Comcast's credit profile will remain largely intact owing to the transaction structure's equity focus. Going forward, Fitch does not expect any material changes to Comcast's capital structure or financial policy. ...read more

Moody's confirms MTS's debt rating; negative outlook
Moody's Investors Service has confirmed Mobile TeleSystems (MTS) debt and default ratings. The outlook on all ratings is negative. ...read more

Nokia Deal Unlikely To Ease Sector Competition
Fitch Ratings says the proposed merger between Nokia and Alcatel Lucent is unlikely to significantly ease price competition in the sector, particularly in the near term, ...read more

India's Micromax Close to Selling Stake to Chinese Investor
The Indian mobile phone manufacturer, Micromax is reportedly close to a deal to sell a 25% stake to China's Alipay, in a deal that could see the phone manufacturer valued at around US$5 billion. ...read more

India Issues Fresh Tax Demand to Vodafone
Vodafone's long running tax dispute with the Indian government has taken a new turn after the tax authorities a notice seeking to reassess the company's tax returns for 2009-10. ...read more

Zain makes strategic investment in Middle East venture partners
Zain has announced its first foray in venture capital investment through a participation in Middle East Venture Partners' (MEVP) latest fund. ...read more

Turkey's Isbank Looking to Sell Stake in Avea
The Turkish bank, Isbank has started negotiations for the sale of its 7.44 percent stake in the local mobile network Avea. ...read more

MTN Rwandacell to be Listed on Local Stock Exchange
A 20 percent stake in MTN Rwandacell is to be listed on the local stock exchange, its private owner has announced. ...read more

Fitch Revises Nokia's Outlook to Positive on Alcatel-Lucent Deal
Fitch Ratings has revised the Outlook on Nokia debt ratings (IDR) to Positive from Stable following the company's announcement that it will acquire Alcatel-Lucent in an all share offer. ...read more

America Movil Approves Tower Spin-Off Plan
America Movil has secured approval for a plan to spin off its Mexican towers into a separate company, which will see the creation of the region's second-largest tower operator. ...read more

KPN Sells Base to Local Rival
Netherlands based KPN is selling its Belgian subsidiary, Base to a local rival, Telenet for EUR1.33 billion. ...read more

Nigeria Privatises State-Owned Telco - Again
Nigeria's government has again privatised the state-owned Nitel/Mtel networks, and handed over ownership to the NATCOM consortium for a payment of US$252 million. ...read more