Telenor selling 8.1% stake in VimpelCom to fund Asian expansion
Norwegian Telenor Group has announced it is selling 24.5% of the 580 million American depositary shares it holds in VimpelCom, equivalent to 8.1% of...
Strategy and Markets
Thuraya hiring adviser to help fundraise for next-generation constellation and holds talks with strategic investors
Thuraya has announced plans for a new fleet of satellites that will begin to come online from 2020 as it looks...
Oak Hill furthers consolidation plans with FirstLight Fiber deal closure
Oak Hill Capital Partners has completed its acquisition of FirstLight Fiber as it works to consolidate its fibre assets in the...
Zegona expects next acquisition within months
UK TMT investment fund Zegona could make an acquisition within the next three to four months or “shortly after”, according...
Telia sells Tcell stake amid plans to exit Eurasia by year-end
Sweden’s Telia has agreed to sell its 60% holding in Tcell to Aga Khan Fund for Economic Development (AKFED). A Telia spokesperson told TelecomFinance that the...
Reliance Jio launch details send rivals’ stock prices tumbling
Indian billionaire Mukesh Ambani’s Reliance Jio Infocomm has announced that it will launch commercially on 5 September with a welcome...
MyRepublic, TPG Telecom and airYotta vie for fourth Singapore licence
Xavier Niel-backed MyRepublic, Australia’s TPG Telecom, and newly-formed airYotta have submitted expressions of interest in Singapore’s fourth mobile license, the Infocomm...
L1 invests US$50m in WiFi-based carrier FreedomPop to fund expansion plans
Russian billionaire Mikhail Fridman’s investment business LetterOne (L1) has revealed it has injected US$50m into FreedomPop as the US wireless internet mobile service provider...
FirstNet board green lights US$6.6bn budget for public safety network
The US’ First Responder Network Authority (FirstNet) board has approved a US$6.585bn budget to support the award of a contract...
NRTC to buy Pulse Broadband to boost communications offerings
The US’ National Rural Telecommunications Cooperative (NRTC) has agreed to buy fibre operator Pulse Broadband to expand its technology offerings. Tim...
