Telkom gives financial assistance to Business Connexion to boost growth plans
South African incumbent Telkom intends to grant its ICT unit Business Connexion financial aid of R1bn (US$70.7m) for working capital,...
Mitel concedes defeat in mobile with sale of business to Xura
Canada’s Mitel Networks has agreed to sell its mobile unit less than two years after acquiring it in a bid to...
Cable & Wireless Communications promotes Garfield Sinclair to Caribbean head
Cable & Wireless Communications, which was recently acquired by cable giant Liberty Global, has picked Garry Sinclair to lead operations in the 15 units...
Sawiris and creditors propose US$1.25bn injection to take control of Oi
Egyptian billionaire Naguib Sawiris and Oi's bondholders have proposed investments worth R$37bn (US$11bn) over five years in exchange for 95% of...
OneWeb the beneficiary as Softbank begins US investment programme
Ambitious satellite broadband venture OneWeb has confounded its critics by closing its second funding round to secure US$1.2bn in fresh capital, most...
Saudi Telecom buys 10% of ride-hailing startup Careem to diversify portfolio
Incumbent telco Saudi Telecom is investing US$100m for 10% of Careem, Uber’s main competitor in the Middle East, to diversify its portfolio of services....
Asko Känsälä steps up to Elisa deputy CEO role
Finnish telco Elisa has promoted Asko Känsälä to deputy CEO to play a key role in the company’s convergence strategy. Känsälä will also continue...
Tele2 and Telenor strive to develop one of Europe’s first 5G networks
Nordic operators Tele2 and Telenor have agreed to build a joint 5G network which they hope will be among the first in...
TIM to spin off streaming service as Italian telecoms-broadcasting space looks set for rapid transformation
Telecom Italia (TIM) plans to spin off its video streaming service TIMVision into a separate company, which will develop proprietary...
Interest rate rise fails to dent demand for US telecoms debt
US interest rates have risen but not yet posed a significant threat to the financial health of the highest leveraged telcos in...
