Softbank to pour US$3bn into WeWork as it seeks to diversify its US portfolio
Japanese internet giant Softbank is to invest some US$3bn into real estate sharing start-up WeWork. The deal is expected to see Softbank inject...
Space Services
Stefan Trampus heads Com Hem’s business segment
Swedish telco Com Hem has promoted Stefan Trampus (pictured) to CEO of its B2B Phonera division. Trampus replaces Tobias Lennér, who leaves Phonera – not to be confused with rival Telia’s SME-focused...
CS&L in strategy diversification with fibre-rich Hunt Telecom acquisition
US REIT Communications Sales & Leasing (CS&L) – which will soon change its name to Uniti Group – has agreed to buy Hunt Telecom for US$170m in...
Cell C rejects Telkom offer and goes forward with recapitalisation plans
South African mobile operator Cell C has declined rival Telkom’s takeover bid as the troubled company grapples with capital restructuring after defaulting on...
Ewe fires CEO Matthias Bruckmann over misconduct
German operator Ewe has dismissed its CEO Matthias Bruckmann (pictured) after a KPMG audit uncovered alleged wrongdoing. The Ewe Supervisory Board, which...
Antitrust authority quashes Sky’s tie-up with Vodafone New Zealand despite their promise of innovation
The Commerce Commission has declined to grant clearance for the proposed NZ$3.44bn (US$2.45bn) merger of Sky Network Television and Vodafone New Zealand claiming the...
Bharti Airtel buys Telenor India but still slips behind the size of Vodafone-Idea
India’s largest mobile operator Bharti Airtel has purchased Telenor's local unit as fierce rivalry and price disruption from newcomer Reliance Jio Infocomm continues to spur...
Croatia’s Vipnet closes Metronet buy to boost convergence play
Telekom Austria’s Croatian unit Vipnet has completed its acquisition of local fixed-line provider Metronet telekomunikacije after receiving regulatory approval. Vipnet CEO Jiří Dvorjančanský (pictured) said...
Telecom Egypt hungry for cash to fuel 4G expansion
State-owned fixed-line operator Telecom Egypt is seeking to increase its E£8bn (US$500m) loan to E£13bn (US$820m) to pay its 4G licence and...
Banks discard Saudi Telecom solution for Turkish debt problem
Lenders have reportedly abandoned Saudi Telecom’s proposal to resolve a dispute over an instalment payment missed by Otas last year prolonging the debt stalemate....
