Oi files reorganisation plan in bid to exit bankruptcy protection
Struggling Brazilian telco Oi has proposed a debt restructuring plan, which could result in a 70% haircut for some bondholders. The Brazilian ...
Tag: TF248
Softbank enters IoT arena after completing ARM acquisition
Softbank has closed the acquisition of UK chip designer ARM Holdings for £24bn (US$31.7bn) as CEO Masayoshi Son (pictured) pushes the Japanese group into ...
Telefónica announces Telxius IPO to cut debt pile, prepares strategic options for O2
Telefónica plans to list its infrastructure unit Telxius before the end of the year and is considering taking its British subsidiary O2 UK public too. Telefónica ...
Verizon CFO Fran Shammo to retire, replacement named
Verizon Communications has announced that CFO Fran Shammo will retire at the end of the year after 27 years with the ...
AT&T to deliver US$7bn of new notes following exchange offers
US telco AT&T plans to deliver US$4.5bn of new senior notes due 2048 and US$2.5bn of new notes due 2049 following ...
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 ...
TIM Brasil hires former Telecom Argentina CFO Adrian Calaza
Telecom Italia (TIM)-controlled TIM Brasil has announced the election of Adrian Calaza as its new CFO at a board of directors’ meeting today. He replaces Guglielmo Noya, whose ...
MTG’s Johan Johansson to head up Three Sweden
CK Hutchison’s Three Sweden has poached its new CEO Johan Johansson from Swedish digital entertainment company Modern Times Group (MTG), where he served as CFO and COO. Johansson ...
Orange, Telenet and Apax in second stage of SFR BeLux sale process
French incumbent Orange, Liberty Global’s Belgian cableco Telenet and private equity firm Apax Partners have reportedly been shortlisted to bid for Altice’s SFR units in Belgium and Luxembourg. The sale could ...
Brazilian prosecutors ask court to suspend Oi EGM
Prosecutors in Rio Janeiro have asked the court supervising Oi’s bankruptcy proceedings to suspend an EGM set for 8 September ...
