Kosovo Telecom dodges bankruptcy with partner’s pardon
Incumbent telco Kosovo Telecom (PTK) skirted bankruptcy after privately-owned operator Z-Mobile waived a €32m (US$35.8m) breach of contract-related fine. A ...
Tag: TF256
Telia Lietuva inks €60m syndicated loan after tri-party merger completion
Swedish telco Telia’s local unit in Lithuania has inked a five-year €60m (US$67m) loan with three banks for refinancing purposes. Telia Lietuva said it ...
European towerco M&A continues to snowball with Cellnex’s US$512m Sunrise deal
A consortium led by towerco Cellnex Telecom has agreed to acquire 100% of Swiss mobile network operator Sunrise-controlled Swiss Towers for SFr500m (US$512m). In Cellnex CFO José Manuel Mancho’s recent disclosure ...
Credit concerns rise in Indian telecoms sector amid Reliance Jio’s disruption
Price disruption in India’s telecoms sector from newcomer Reliance Jio Infocomm has pummelled both incumbent Bharti Airtel’s and RCom’s credit profiles as fierce rivalry among the telcos continues ...
Tata Sons names new GC Shuva Mandal and CFO Saurabh Agrawal after NTT Docomo fallout | Executive Moves
Indian conglomerate Tata’s holding company Tata Sons has changed up its legal and financial heads after a recent court decision ordered it to pay ...
AINMT picks former Turkcell CFO Murat Erden to head its finances, Johan Michelsen assumes deputy CEO role | Executive moves
Swedish telecoms operator AINMT has chosen Murat Erden (pictured) to become its new CFO with immediate effect. He replaces Johan Michelsen, who has been promoted to deputy ...
PE firm to merge RCN and Grande with Wave Broadband in a US$2.4bn deal
TPG Capital has agreed to acquire US internet provider Wave Broadband for roughly US$2.4bn with an eye on creating the sixth largest cableco in ...
Softbank Vision Fund fuels M&A rumours with US$93bn capital close
London-based Softbank Vision Fund (SVF) has completed its first major close with more than US$93bn of committed capital fuelling speculation about increased M&A ...
Xplornet to issue US$225m in senior notes after investing in second satellite
Xplornet Communications plans to issue US$225m in senior notes as the Canadian rural-broadband-provider launches a US$300m financing package, according to ...
BT’s newly appointed Global Services CEO Bas Burger to face £232m Brazilian tax bill
UK incumbent telco BT’s Global Services is facing another setback with a potential Brazilian tax bill of £232m (US$302m). While Brazil’s authorities ...
