Magnitude Space seeks €5.5m in series A round for low-power M2M network
Amsterdam-based startup Magnitude Space is seeking €5.5m (US$5.9m) in a series A round as the low-power, low-data M2M company plans to launch nanosats...
Strategy and Markets
Tele2 Russia puts tower sale on pause as ownership reorg unfolds
Tele2 Russia has reportedly shelved its plans to monetise its tower assets while it awaits potential changes in its ownership structure. But...
US$19.8bn FCC spectrum auction yields some surprises as 5G slides into frame
The FCC closed its broadcast incentive auction with a handful of surprises as consumer demand for mobile video and broadband...
Vodafone Ireland sells its entire stake in Fónua as Irish telcos keep financially flexible
Vodafone’s Irish unit discreetly sold its 49% stake in the country’s largest mobile phone distributor Fónua Limited for an undisclosed sum as the...
Libya keeps firm grasp of last Sub-Saharan telecoms asset post-Arab Spring uprising
The Libyan government is is trying to maintain its grasp over its last telecoms asset after losing control over nine...
TPG picks fight with Australia’s top telcos as it forges a national mobile network
Australian ISP TPG Telecom plans to build a national mobile network for an estimated A$1.9bn (US$1.4bn) amid intensifying competition and steady growth in...
Altice USA files for IPO while Asia Pacific leads global market resurgence
Netherlands-based telecoms and media group Altice’s US unit has filed for an initial public offering to raise up to US$100m as...
AT&T to buy Straight Path for US$1.6bn to bolster 5G groundwork
US telco giant AT&T is acquiring internet service and telecoms start-up Straight Path Communications and its portfolio of millimetre wave (mmWave) spectrum...
Comcast challenges top US carriers with Xfinity launch
US cable giant Comcast has launched new mobile telecoms operator Xfinity Mobile as it seeks to retain customers who have been switching to rivals’ “quad-play”...
Telenor steers further away from Veon with 4% divestment
Norway's Telenor Group has sold 70 million American depositary shares (ADSs) of Veon for US$262.5m as it winds down its ownership of the Russia-focused...
