MTN launches R9.9bn empowerment scheme to boost internet bid
South Africa-based MTN Group will sell a 4% stake worth R9.9bn (US$727m) to investors of African descent to meet government quotas on...
Strategy and Markets
Grupo Clarín to hive off cable and internet business as local competition intensifies
Argentina’s largest media conglomerate Grupo Clarín plans to separate its cable TV, data transmission and internet segment, Cablevisión, into a new corporation under...
PCCW and Tencent take stakes in STX Entertainment in content push
Hong Kong-based TMT holding company PCCW and Chinese media and communications holding company Tencent have each acquired equity stakes in Hollywood studio...
Deutsche Telekom will look at Vodafone Netherlands’ fixed business – CEO
Deutsche Telekom will consider purchasing the fixed-line business that Vodafone Netherlands agreed to divest to win European Commission approval for its...
Telstra unveils A$1.5bn share buyback and A$3bn network investment as competition intensifies
Australian incumbent Telstra has launched a $A1.5bn (US$1.2bn) share buyback as it prepares to invest an extra A$3bn (US$2.3bn) on improving...
Fairfax Media NZ to enter broadband market with JV
Fairfax Media’s New Zealand business plans to enter the local broadband market with the launch of a new fibre-only internet...
Oak Hill further bolsters fibre assets with Sovernet Communications buy
Oak Hill Capital Partners has struck a deal to acquire Sovernet Communications, further consolidating its fibre assets in the US’...
Bell Canada to take full control of Q9 Networks in data services push
Bell Canada has struck a C$675m (US$513m) deal to take full control of data centre operator Q9 Networks in an effort...
FairPoint shareholder makes renewed call for company sale, citing subpar valuation
Activist investor Maglan Capital has made a renewed call to the board of US telco FairPoint Communications to launch a strategic...
Eurona Wireless Telecom buys four telecoms and satellite service providers
Spanish WiMAX internet provider Eurona Wireless Telecom has acquired four telecoms and satellite services providers for €43m (US$47.6m) in cash and shares to...
