List of Business News Articles

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

Fitch: Oi Deal May Aid Telecom Italia Leverage; Cut Competition
The likely failure of Telecom Italia's bid for Global Village Telecom in Brazil leaves the door open for Grupo Oi to make an offer for the Italian group's stake in TIM Participacoes, Fitch Ratings says. ...read more

Telefonica O2 Secures Approval for E-Plus Takeover
Telefonica's German subsidiary says that it has received final approval for its takeover of local rival, E-Plus, owned by Netherlands based KPN. ...read more

Fitch: No Impact on Batelco's Ratings From Sivasankaran Bankruptcy
Fitch Ratings says there is no impact on Batelco's own debt ratings, following the Supreme Court of the Seychelles' recent declaration of bankruptcy of Mr. Sivasankaran, a creditor of a Batelco subsidiary. ...read more

Fitch: Thai Telcos Face Stagnant Revenue, High Marketing Cost
Thailand's three largest mobile phone operators are likely to report 2014 service revenue that is unchanged from a year earlier compared with growth of 7.3% in 2013. ...read more

Vodafone Buys Greek Landline Operator
Vodafone is paying EUR72.7 million to buy a near 78 percent stake in Hellas Online, a Greek landline and broadband internet provider. ...read more

China's 4G Rollout Boosts ZTE's Financial Profile
Fitch Ratings says the rollout of China's 4G networks has provided ZTE an opportunity to repair its credit profile and deleverage, with encouraging signs evident in its 1H14 financial results. ...read more

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