MTN to invest nearly US$290m in Iranian Net following capital repatriation issues
South Africa’s MTN has entered into a non-binding preliminary agreement to acquire a 49% stake in fixed broadband provider Iranian Net for R540m (US$40m). MTN, ...
Tag: Orange
Millicom to sell and lease back 1,400 towers to American Tower in Paraguay for US$125m
Emerging markets-focused Millicom will divest an estimated 1,400 towers from its Telefonica Celular del Paraguay subsidiary to American Tower for PG700bn (US$125.3m) in cash. The two companies ...
Poland’s Play eyes IPO amid improved economy and as global share sales surge
Polish MNO Play may add to the recent surge of global IPOs as the company seeks growth in the country’s mature mobile ...
Proximus raises €500m with lowest-ever coupon to decent demand
Proximus has sold five-year €500m (US$537m) senior unsecured notes to refinance existing short term debt and upcoming maturities. The Belgian incumbent said the ...
Altice loses fight with watchdog over SFR purchase
A Paris court has overturned Altice’s appeal against French market regulator Autorité des marchés financiers’ (AMF) decision to block its buyout ...
Bharti Airtel and Millicom combine Ghanaian units to improve financial flexibility
Bharti Airtel’s unit in Ghana has merged with Millicom International Cellular’s local subsidiary to create the country’s second largest operator, overthrowing Vodafone’s place ...
Millicom to sell Tigo Senegal to Wari following a surge of African M&A rumours
Emerging markets-focused Millicom has become the first telecoms group to dispose of an asset in Africa this year after agreeing to sell Tigo ...
Zain picks Ali Al-Zahid to head Zain Iraq
Kuwait’s Zain has promoted CCO Ali Al-Zahid to CEO of Zain Iraq. Al-Zahid, who replaces Mohammed Al Charchafchi on 1 ...
Millicom secures US$600m revolver for refinancing
Emerging markets-focused Millicom has secured a five-year US$600m revolving credit facility to refinance outstanding debt. The plan to refinance a dual-tranche US$500m ...
Airtel Kenya not on Bharti’s list of sellable assets
Airtel Kenya is not one of the operators Indian giant Bharti Airtel is considering divesting. The guarantee was given by the Kenyan telco’s ...
