Rostelecom set to control Tele2 Russia to boost competitiveness
Russian state-controlled telco Rostelecom will gain control over the country’s fourth largest player Tele2 Russia to create synergies between the two operators and improve...
Space Services
TMT bond sales soar in US market | Analysis
A throng of telcos priced US dollar-denominated corporate debt ahead of the widely expected interest rate hike by the Federal...
Extreme Networks challenges Cisco with Broadcom data centre business buy
US tech company Extreme Networks has agreed to acquire local semiconductor developer Broadcom’s data centre switching, routing, and analytics business to enhance its...
Econet’s undersubscribed rights issue may pose threat to foreign loan payments
Econet Wireless Zimbabwe remains optimistic about its US$130m rights issue despite its failure to secure sufficient investor subscriptions. Zimbabwe's largest communications network...
Telia issues US$1.7bn in hybrid bonds as it leaves Eurasia and refocuses on Nordic markets
Telia has issued SKr15bn (US$1.7bn) of Swedish krona and euro-denominated hybrid bonds and commenced a tender offer to refinance senior debt. Through...
Ahmed El Beheiry to head 4G-nascent Telecom Egypt
Telecom Egypt has appointed board member Ahmed El Beheiry as CEO as the telco forges into the mobile services business. El Beheiry replaces Tamer...
Caribbean UTS and TelEm reignite merger talks
Plans to merge Caribbean operators St. Maarten Telephone Group of Companies TelEm and United Telecommunication Services Eastern Caribbean (UTS) were revived when the two...
Vocus sells entire stake in Macquarie Telecom after hiring CFO Wratten
Australia’s ISP Vocus Communications has raised nearly A$41m (US$31m) from its 16% stake sale in local telco Macquarie Telecom Group following a recent sea...
KPN’s Yes Telecom acquires Vrieservice as European telcos bet on SME business
Dutch incumbent KPN’s MVNO Yes Telecom will buy local independent mobile and fixed services provider Vrieservice for an undisclosed sum to strengthen its SME segment. Yes...
Berlusconi: Premium faces €100m hit after sale to Vivendi falls through
Italian Broadcaster Mediaset’s failure to divest its pay-TV unit Premium to French media giant Vivendi will result in a €100m (US$108m) hit to its FY2016 accounts. While Mediaset and...
