Altice may be slapped with €2.3bn fine for premature takeover of PT Portugal
French telecoms and media group Altice has been accused by the European Commission (EC) of allegedly breaching EU laws when it took...
Space Services
CWC’s Flow bolts on broadband with Dominican cableco Marpin 2K4 buy
Cable & Wireless Communications-owned Flow has reportedly acquired Dominican cableco Marpin 2K4 from Dominica Social Security for an undisclosed sum to provide quad-play services. The operator will...
Towerstream CEO taps former XO Communications colleague Laura Thomas as CFO | Executive Moves
US-based Towerstream has picked Laura Thomas to be its new CFO amid mounting losses at the company. Thomas hails from Impact Telecom, where she served...
Tele2’s new board poaches CFO Nikolay Surikov from major shareholder | Executive Moves
Tele2 Russia has hired Nikolay Surikov as the loss-making telco’s new CFO effective immediately. The appointment comes in the wake of Tele2 Russia's election...
Euskatel consolidates Basque telecoms market with €700m Telecable acquisition
UK TMT investment fund Zegona has sold its Spain-based cableco Telecable to Basque MVNO Euskaltel for €701m (US$771m) including debt. Zegona CEO Eamonn O’Hare said that the transaction...
Citizens against ETB privatisation spur courts to freeze sale
A Bogotá circuit judge has reportedly moved to temporarily suspend the government’s share sale of incumbent telecoms operator Empresa de Telecomunicaciones de...
Deutsche Telekom posts record 18-month stock gain as Sprint and T-Mobile talk merger
SoftBank-owned US telco Sprint Corp has reportedly initiated merger talks with Deutsche Telekom’s T-Mobile US to create a stronger and more competitive three-player market. Financial and legal...
Vodafone transfers 35% Safaricom stake to Vodacom to internationalise its mobile payment system
British telco Vodafone is transferring a 35% stake of its Kenyan operator Safaricom to its African subsidiary Vodacom Group for an estimated R34.6bn (US$2.62bn). Analysts said that while the...
United Internet to shake up German telecoms market with €8bn Drillisch buy
German ISP United Internet plans to acquire a majority stake in German MVNO Drillisch in a stock and cash deal valued at a stunning...
Smile hires telecoms veteran Ahmad Farroukh to head operations with board seat | Executive Moves
Pan-African telco Smile Telecoms Holdings has installed Ahmad Farroukh on its board as executive director of operations with immediate effect. The ten-year-old telco, based in...
