TeraGo picks Tony Ciciretto as new CEO
Canadian B2B operator TeraGo has appointed board member Tony Ciciretto as president and CEO, replacing Stewart Lyons immediately. Commenting on his appointment, Ciciretto said: “It...
Space Services
Wharf agrees HK$9.5bn deal with TPG and MBK for telecoms unit
A subsidiary of Hong Kong businessman Peter Woo’s Wharf Holdings has agreed to sell its fixed-line telco Wharf T&T for HK$9.5bn (US$1.2bn) to a...
OTMT contends dispute with financial regulator is harming business
Egyptian TMT tycoon Naguib Sawiris’ Orascom Telecom Media and Technology (OTMT) has said a dispute with the Egyptian Financial Supervisory Authority...
Softbank to invest US$4.5bn in Korean tech space, buys into HK virtual reality firm Digital Domain
Japanese telco Softbank plans to invest W5trn (US$4.5bn) in the South Korean technology sector over the next 10 years, according to founder...
Zain KSA gets unified licence in exchange for 5% of net income
Saudi Arabia has agreed to grant Zain KSA (TASI:7030) a 15-year unified licence in exchange for 5% of the telco’s annual net income, the...
Telia signs €1.5bn RCF to replace existing facilities
Sweden’s Telia has signed a dual tranche €1.5bn (US$1.69bn) revolving credit facility with thirteen banks. The company will use the proceeds...
Bell Canada renews MTN programme
Bell Canada has renewed its medium-term note (MTN) programme, which will enable it to offer up to C$4bn (US$3bn) of MTN...
Court approves RCom’s MTS India acquisition, CEO Vinod Sawhny quits
Indian telco Reliance Communications (RCom) has announced that the Rajasthan High Court has approved its proposed acquisition of smaller rival Sistema...
Telefónica could open up O2 UK float to customers
Telefónica is considering opening up the IPO of O2 UK to retail investors, Mark Evans, CEO of the British business, has...
Windstream upsizes terms loans to US$747m, redeems notes
US telco and ISP Windstream has increased its tranche loans from US$597m to US$747 after redeeming its outstanding 7.785% senior notes...
