List of Business News Articles

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. 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. 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. 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. 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. 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. 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. 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. 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. more

Dixons Carphone Sells German Subsidiary
UK based Dixons Carphone has sold its German subsidiary to the local virtual mobile network operator, Drillisch. more

Qualcomm Under Pressure to Split the Company
An activist shareholder is pushing for Qualcomm to split the company in half and separate its semiconductor division from its patent licensing business. more

MTN Looking to Buy Smaller Nigerian Mobile Network
South Africa based MTN Group is reported to be in talks to buy Nigeria based Visafone Communications. more

Nokia Buys Alcatel-Lucent for $16.5 Billion
Nokia has confirmed fevered speculation, and is to pay EUR15.6 billion (US$16.5 billion) to buy Alcatel-Lucent, while also confirming that it is looking to sell its digital mapping division, Here. more

Nokia in Talks to Buy Part of Alcatel-Lucent
Nokia is reported to be in talks to buy parts of Alcatel-Lucent as it continues to focus on becoming a pure-play network infrastructure supplier. more

Parliament Sacks Defence Minister in Telekom Sale Scandal
A scandal in Slovenia over the privatisation of the local telecoms giant has seen the government's Defence Minister Janko Veber forced to step down by parliament. more

Fitch Affirms China Mobile at 'A+' with Stable Outlook
The ratings reflect Fitch's expectations that CML would be able to maintain its dominant position over the medium term due to its significant economies of scale, robust financial position and solid execution ability. more

MTN Could See $1 Billion Boost from Lifting of Iran Sanctions
South Africa based MTN expects to be able to transfer around US$1 billion in profits from its Iranian subsidiary if and when sanctions against Iran are relaxed. more

EU to Investigate Merger of Danish Telecoms Networks
The European Commission has opened an investigation to assess whether the proposed joint venture between the Danish operators TeliaSonera and Telenor is in line with the EU Merger Regulation. more

Slovakian Government Plans Sale of 49% Stake in Slovak Telekom
Slovakia's government has announced plans to sell off its 49% stake in the country's largest telecoms operator, Slovak Telekom. more

Fitch Affirms Rogers Communications at 'BBB+'; Outlook Negative
Fitch believes Rogers' mix of wireless and cable assets positions the company competitively and allows for significant revenue diversification through its robust bundled service offerings. more

Singtel Beefs Up CyberSecurity with $810 Million Acquisition
Singapore's Singtel has signed an agreement to acquire a 98% equity interest in US-based Trustwave, a specialist in managed security services. more

Indian Regulator to Review of Mobile Networks Accounts
India's telecoms regulator has started a review of the local mobile network operator's accounting systems. more

$16 Billion Investment Fund Set up for Telecoms Investments
Smaller struggling telecoms firms could get a cash injection after the Russian billionaire Mikhail Fridman set up a US$16 billion investment fund. more

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