Sawiris and creditors propose US$1.25bn injection to take control of Oi
Egyptian billionaire Naguib Sawiris and Oi‘s bondholders have proposed investments worth R$37bn (US$11bn) over five years in exchange for 95% of ...
Tag: TF251
Saudi Telecom buys 10% of ride-hailing startup Careem to diversify portfolio
Incumbent telco Saudi Telecom is investing US$100m for 10% of Careem, Uber’s main competitor in the Middle East, to diversify its portfolio of services. ...
Asko Känsälä steps up to Elisa deputy CEO role
Finnish telco Elisa has promoted Asko Känsälä to deputy CEO to play a key role in the company’s convergence strategy. Känsälä will also continue ...
Tele2 and Telenor strive to develop one of Europe’s first 5G networks
Nordic operators Tele2 and Telenor have agreed to build a joint 5G network which they hope will be among the first in ...
TIM to spin off streaming service as Italian telecoms-broadcasting space looks set for rapid transformation
Telecom Italia (TIM) plans to spin off its video streaming service TIMVision into a separate company, which will develop proprietary ...
Interest rate rise fails to dent demand for US telecoms debt
US interest rates have risen but not yet posed a significant threat to the financial health of the highest leveraged telcos in ...
Why telecoms deals fail: regulation tops the 2016 risk list
Regulators internationally have dealt multiple blows to telecoms deals this year in continued demonstrations of national protectionism and an increased ...
Disappointing MTS share buyback stops Sistema stake dropping below 50%
Russia’s largest mobile operator Mobile TeleSystems (MTS) will buy back just a fraction of the shares it had planned in a tender ...
TDC repurchases €350m of notes to cut debt
Danish incumbent telco TDC has repurchased €350m (US$365m) of notes tendered in the bond buyback launched last week for a total €394m ...
Verizon mulls abandoning Yahoo deal following disclosure of second major data breach
Verizon is reportedly considering demanding a lower price for, or even exiting, its planned US$4.83bn acquisition of Yahoo’s core internet assets ...
