Business Category

Fitch: Indonesia Tower Sales to Benefit TBI & XL; Telkom Neutral
October 24th 2014 - 01:20 GMT
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....more

Fitch Affirms Philippines' Globe at 'BBB-'; Outlook Stable
October 20th 2014 - 01:45 GMT
Fitch said that Globe's ratings benefit from its second-largest position in the Philippines' duopoly telecom market. ...more

Vodafone Wins $520 Million Indian Tax Dispute
October 18th 2014 - 01:00 GMT
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....more

Apple Supplier to Lay Off Nearly 900 Staff Following Loss of Contract
October 17th 2014 - 01:00 GMT
A sapphire production company is to lay off nearly 900 staff after it lost a contract to supply the hard screen covers to Apple....more

Telefonica Secures Deal to Buy Brazilian Operator
September 21st 2014 - 23:00 GMT
Spain's Telefonica has boosted its Brazilian presence, with the purchase of Global Village Telecom (GVT) from Vivendi....more

BlackBerry Acquires Movirtu to Boost Support for BYOD
September 19th 2014 - 01:00 GMT
BlackBerry has acquired Movirtu, a provider of virtual identity solutions for mobile operators that allows multiple numbers to be active on a single device. ...more

NII Holdings Files for Bankruptcy Protection
September 15th 2014 - 23:25 GMT
Debt laden NII Holdings -- which operates Nextel branded services in Latin America -- has filed for chapter 11 bankruptcy protection from its creditors....more

UK Phone Retailer, Phones4U to Close All 550 Retail Stores, 6000 Staff Affected
September 14th 2014 - 22:34 GMT
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....more

MTN Sells Nigerian Tower Assets
September 9th 2014 - 02:05 GMT
MTN's Nigerian subsidiary has signed a deal to sell its towers to pan-African tower operator, IHS Holdings....more

Bharti Airtel Sells 3,500 Towers Across Africa
September 7th 2014 - 23:25 GMT
Bharti Airtel has announced a deal to sell some 3,500 towers across its African networks to the tower management firm, Eaton Towers....more

Essar Group Sells Kenyan Subsidiary for $120 Million
September 4th 2014 - 01:00 GMT
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....more

Fitch: Oi Deal May Aid Telecom Italia Leverage; Cut Competition
September 3rd 2014 - 01:00 GMT
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. ...more

Telefonica O2 Secures Approval for E-Plus Takeover
September 2nd 2014 - 01:30 GMT
Telefonica's German subsidiary says that it has received final approval for its takeover of local rival, E-Plus, owned by Netherlands based KPN....more

Fitch: No Impact on Batelco's Ratings From Sivasankaran Bankruptcy
September 2nd 2014 - 00:30 GMT
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....more

Fitch: Thai Telcos Face Stagnant Revenue, High Marketing Cost
August 26th 2014 - 23:25 GMT
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....more

Vodafone Buys Greek Landline Operator
August 25th 2014 - 03:25 GMT
Vodafone is paying EUR72.7 million to buy a near 78 percent stake in Hellas Online, a Greek landline and broadband internet provider....more

China's 4G Rollout Boosts ZTE's Financial Profile
August 25th 2014 - 02:45 GMT
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....more

NII Holdings Misses Debt Repayment Deadline
August 16th 2014 - 03:40 GMT
Latin American mobile network operator, NII Holdings has defaulted on a payment of just under US$119 million in interest payments on its debt....more

Econet Wireless Secures $150 Million for Network Upgrades
August 15th 2014 - 01:55 GMT
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....more

Samsung to Acquire M2M Platform, SmartThings
August 14th 2014 - 23:20 GMT
Samsung Electronics announced that it has entered into an agreement to acquire the M2M developer, SmartThings for an undisclosed amount....more

Fitch Downgrades Telecom Namibia on Weakening State Support
August 14th 2014 - 23:00 GMT
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. ...more

Moody's Downgrades NII Holdings over Bankruptcy Concerns
August 14th 2014 - 04:10 GMT
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....more

Fitch: Samsung and Apple to Lose Global Smartphone Market Share
August 13th 2014 - 03:10 GMT
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....more

Etisalat Nigeria Sells Towers to IHS Holding
August 13th 2014 - 01:20 GMT
Etisalat Nigeria is selling a large portion of its tower assets to IHS Holding for an undisclosed amount. ...more

Safaricom Renews Plans to Buy Yu's Mobile Network Infrastructure
August 13th 2014 - 01:00 GMT
Kenya's Safaricom has confirmed that it will apply to buy the network assets of smaller rival, Essar's Yu after overcoming regulatory problems....more

Bahrain's Batelco Pursues Former Indian Partner for Compensation
August 12th 2014 - 01:45 GMT
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....more

Bharti Airtel Raises $350 Million from Tower Sale
August 12th 2014 - 01:00 GMT
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....more

Smaato Raises $25 Million for Mobile Ad Expansion
August 11th 2014 - 02:15 GMT
The mobile advertising agency, Smaato says that it has raised an additional US$25 million in investment funding....more

Pantech to File for Bankruptcy This Week
August 11th 2014 - 01:25 GMT
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....more

Fitch: Telefonica Offer For GVT Would Add Synergies Not Debt
August 7th 2014 - 00:15 GMT
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, ...more

Vodafone Debt Ratings Downgraded Following Acquisitions
August 6th 2014 - 23:55 GMT
Fitch said that the downgrade is driven by an increase in leverage resulting from the acquisition of Spanish telco, Ono....more

Telefonica Makes $9 Billion Bid to Boost Brazilian Presence
August 6th 2014 - 00:15 GMT
Telefonica has made a US$9 billion bid to expand its operations in Brazil as the threat of regulatory action over its cross shareholding in a rival Brazilian mobile network diminishes....more

Sprint Drops Plans for $32 Billion Takeover Bid for T-Mobile USA
August 5th 2014 - 22:53 GMT
The long expected merger of USA based Sprint and T-Mobile has been dropped, and Sprint's CEO has resigned, according to news reports overnight....more

Egypt's Etisalat Misr Looking at Stock Market Listing
August 5th 2014 - 01:50 GMT
Etisalat's Egyptian subsidiary, Etisalat Misr is reportedly in talks with investment banks to file for a stock market listing on the Cairo exchange....more

Fitch Affirms Indonesia's Telkom at 'BBB-'; Outlook Stable
August 5th 2014 - 00:40 GMT
Constrained by Sovereign Rating: Telkom's IDRs are capped by the ratings on the Indonesian sovereign, due to the government's 52.6% shareholding in Telkom. The government, through its control of the company's board of directors, has significant influence over the company. ...more

Fitch: Iliad T-Mobile USA Bid Increases DT's Strategic Options
August 4th 2014 - 01:00 GMT
Iliad's offer to acquire Deutsche Telekom's (DT) stake in T-Mobile USA expands DT's strategic options with regard to this stake....more

Russia's MTS to Return to Uzbek Market Following Dispute Settlement
August 3rd 2014 - 23:00 GMT
Russia's MTS has settled its long-running dispute with the government of Uzbekistan, and plans to resume mobile services in the country, in a joint venture with the government....more

France's Iliad Launches Surprise Takeover Bid for T-Mobile USA
August 1st 2014 - 00:05 GMT
France's smallest mobile network operator, Iliad has launched a US$15 billion offer to buy a majority stake in T-Mobile USA. ...more

Nokia Networks Buys Panasonic's Base Station Division
July 31st 2014 - 23:00 GMT
Nokia Networks has signed a deal to buy Panasonic's base station system business and related wireless equipment system business....more

Visa Invests in Mobile Payments Processing Company
July 30th 2014 - 01:30 GMT
The mobile payments processor, LoopPay says that it has received an investment from Visa, although it declined to say how much the investment was worth....more