Tele2’s new board poaches CFO Nikolay Surikov from major shareholder | Executive Moves
Tele2 Russia has hired Nikolay Surikov as the loss-making telco’s new CFO effective immediately. The appointment comes in the wake of Tele2 Russia’s election ...
Tag: TF256
Euskatel consolidates Basque telecoms market with €700m Telecable acquisition
UK TMT investment fund Zegona has sold its Spain-based cableco Telecable to Basque MVNO Euskaltel for €701m (US$771m) including debt. Zegona CEO Eamonn O’Hare said that the transaction ...
Citizens against ETB privatisation spur courts to freeze sale
A Bogotá circuit judge has reportedly moved to temporarily suspend the government’s share sale of incumbent telecoms operator Empresa de Telecomunicaciones de ...
Deutsche Telekom posts record 18-month stock gain as Sprint and T-Mobile talk merger
SoftBank-owned US telco Sprint Corp has reportedly initiated merger talks with Deutsche Telekom’s T-Mobile US to create a stronger and more competitive three-player market. Financial and legal ...
Vodafone transfers 35% Safaricom stake to Vodacom to internationalise its mobile payment system
British telco Vodafone is transferring a 35% stake of its Kenyan operator Safaricom to its African subsidiary Vodacom Group for an estimated R34.6bn (US$2.62bn). Analysts said that while the ...
EC throws compliance hurdles at Broadcom’s US$6bn purchase of Brocade
The European Commission (EC) said it has cleared US chipmaker Broadcom’s proposed acquisition of networking products supplier Brocade Communications Systems pending the completion of certain compliance ...
United Internet to shake up German telecoms market with €8bn Drillisch buy
German ISP United Internet plans to acquire a majority stake in German MVNO Drillisch in a stock and cash deal valued at a stunning ...
Smile hires telecoms veteran Ahmad Farroukh to head operations with board seat | Executive Moves
Pan-African telco Smile Telecoms Holdings has installed Ahmad Farroukh on its board as executive director of operations with immediate effect. The ten-year-old telco, based in ...
RCS&RDS sets final share price for record US$229m IPO amid healthy growth in Romania’s economy
Eastern European telecoms operator RCS&RDS has reportedly set the final share price on its eagerly awaited mid-May IPO listed on the Bucharest ...
CLX buys Dialogue for £32m as mobile security-related tie-ups ramp up
Swedish cloud company CLX Communications has agreed to acquire UK-based mobile security services provider Dialogue Group for £32m (US$41.3m) on a cash and ...
