List of Business News Articles

Fitch Revises Telefonica's Outlook to Stable; Affirms at 'BBB+'
The revision of the Outlook to Stable is driven by expectations of stabilising operational trends within Telefonica's domestic market in Spain and improving group EBITDA over the next 12 to 18 months. ...read more

Turkcell Increases Investment in Ukraine
Turkey based Turkcell has announced that it is buying out its minority partner in a Ukranian subsidiary for US$100 million. ...read more

Fitch Affirms Samsung Electronics at 'A+'; Outlook Stable
Fitch Ratings has affirmed South Korea-based Samsung Electronics long term debt ratings at 'A+' with Stable Outlook. The agency has also affirmed SEC's senior unsecured rating at 'A+'. ...read more

UAE to Allow Foreign Investors to Buy Stake in Etisalat
The UAE government has lifted restrictions which had blocked foreign investors from buying a stake in the country's largest telco, Etisalat. ...read more

Bouygues Telecom Faces EUR10 Billion Takeover Bid from Altice
Fast growing telecoms holding company, Altice is reported to have made a takeover bid for the French mobile network, Bouygues Telecom. ...read more

Indian Mobile Networks in Merger Talks
India's Reliance Communications (RCom) has confirmed that it is in merger talks with a rival mobile network. ...read more

Etisalat Sells Tanzanian Subsidiary for One Dollar
Millicom has signed am agreement to acquire an 85% stake in Zanzibar Telecom (Zantel) from Etisalat Group for just one dollar. ...read more

Fitch Affirms Bharti Airtel at 'BBB-'; Outlook Stable
Fitch Ratings has affirmed India-based Bharti Airtel's Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'. ...read more

T-Mobile and Dish Networks in Merger Talks
Two of the USA's most bombastic CEOs are said to be in merger talks that could see T-Mobile USA combined with the satellite TV provider, Dish Network. ...read more

Nokia Networks to acquire Eden Rock to enhance its SON portfolio
Nokia Networks has signed an agreement to acquire Eden Rock Communications, a developer of SON and creator of Eden-NET, a multivendor centralized SON solution. ...read more

Zain Group invests in Wamda Capital's Venture Fund
Zain Group has announced its second foray into venture capital investment through a strategic participation in Wamda Capital's growth stage venture fund. ...read more

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