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Articles tagged with: Debt Ratings
Vivendi Suspends Talks with Zain Over African Investment
France's Vivendi announced today that it is interrupting talks, started some weeks ago, with Zain Group, to acquire a majority stake in its African telecommunications activities. more
Related Tags: vivendi, zain, celtel, France
Ericsson India's Operating Income at $1.8 Billion in 2008
Indian debt ratings agency, ICRA has reaffirmed Ericsson's Indian subsidiary at A1+, the highest-credit-quality rating assigned by ICRA to short-term debt instruments. The ratings factor in Ericsson India's established position in the domestic telecom equipment market, its strong order book position and its moderate gearing levels. more
Related Tags: ericsson, icra, India
Fitch Comments on Potential Transaction Between Bharti and MTN
Fitch Ratings has commented that it will closely monitor developments following the disclosure by India's Bharti Airtel and South Africa's MTN Group that they are engaged in exclusive discussions to potentially acquire stakes in each other, with a view to eventually achieving a full merger. more
Related Tags: mtn, bharti-airtel, singtel, fitch-ratings, fitch, South Africa
Ericsson Reported to have Won $500 Million Indian Contract
Ericsson is reported to have won a US$500 million network contract from India's greenfield operator, Unitech Wireless. The contract will cover the rollout of the network infrastructure in Bihar, Eastern and Western Uttar Pradesh, said a Unitech Wireless executive, who asked not to be named. more
Related Tags: unitech-wireless, ericsson, kerala, fitch, India
Pakistan Mobile Buys Back Debt - Risks Ratings Downgrade
Egypt's Orascom Telecom Holding (OTH) says that its wholly owned Pakistan subsidiary, Pakistan Mobile Communications (PMCL) had brought back US$140 million of its debt at the rate of US$730 per US$1,000. more
Related Tags: orascom-telecom, pakistan-mobile, standard-and-poors, orascom-telecom-holding, mobilink, orascom, Pakistan
Pakistan Mobile Debt Buyback Plans Trigger Default Warning
The debt ratings agency, Standard & Poor's Ratings Services has warned that it considers Pakistan Mobile to be at risk of defaulting on a debt repayment. The mobile operator, owned by Orascom Telecom Holding recently announced plans to repurchase for cash up to US$100 million of its $250 million bonds due 2013, at a 23%-30% discount to face value. more
Related Tags: itu, tim, orascom-telecom, pakistan-mobile, orascom-telecom-holding, mobilink, orascom, Pakistan
Reliance Communications Debt Ratings Affirmed at LAAA
Indian debt ratings agency, ICRA has assigned a long-term rating of LAAA each to the Rs. 30 billion Non-Convertible Debenture (NCD) Programme and the Rs. 100 billion proposed Long-Term Fund-Based Facilities of Reliance Communications (RCOM). Further, ICRA has reaffirmed the LAAA rating assigned earlier to the Rs. 201.56 billion Long-Term Fund Based/Non-Fund Based Limits of RCOM. more
Related Tags: itu, reliance-communications, rcom, cdma, reliance, gsm, icra, passive-infrastructure, reliance-infratel, presence, India
Fitch Ratings Puts Digicel Debt Ratings as Stable
Fitch Ratings has confirmed that the debt ratings outlook for pan-Caribbean operator, Digicel Group is Stable. Fitch said that Digicel's ratings are supported by a historically strong operating performance, its position as the leading provider of wireless services in the Caribbean (including strong market positions in Jamaica, Haiti and Trinidad & Tobago), strong brand recognition, and an increasingly diversified revenue and cash flow stream across the Caribbean. more
Related Tags: eu, roaming, itu, fitch-ratings, digicel, fitch
Fitch Downgrades Motorola's IDRs to 'BBB-/F3'; Outlook Remains Negative
Fitch Ratings has downgraded Motorola's Issuer Default Rating (IDR) and unsecured credit facilities to BBB-, which is one notch above junk status. The Rating Outlook remains Negative. Approximately $6.2 billion of total debt, including Motorola's revolving credit facility, is affected by Fitch's actions. more
Related Tags: intel, motorola, fitch-ratings, fitch
Ericsson Profit Margins Under Pressure - But Better Prospects than Rivals
Fitch has affirmed the debt ratings for Ericsson as stable and the Issuer Default rating (IDR) and senior unsecured rating of 'BBB+.' Fitch said that the affirmation of Ericsson's ratings reflect the company's leading industry position in mobile network equipment, a growing Professional Services business, which should provide some earnings protection in light of the coming industry downturn, healthy liquidity and strong balance sheet. more
Related Tags: nokia, wcdma, alcatel-lucent, cdma, ericsson, gsm, weather, fitch, chipset