Straight Path shares sink after Verizon is unveiled as victor in bidding war
US telecoms startup Straight Path has unmasked Verizon as the victor in its takeover bidding war with rival AT&T in an all-stock deal amounting to an ...
Tag: TF256
Bitė to finance MTG acquisition with €105m term loans
Baltic telecoms operator Bitė has secured €105m (US$114.4m) of additional senior facilities to finance the acquisition of Modern Times Group’s Baltic assets. The facilities ...
Cellcom sheds end-to-end solutions sub for US$2.7-4.2m gain
Israel’s Cellcom has agreed to sell its holdings in end-to-end solutions Rimon Israel 2009 to company shareholder. Cellcom expects to post a capital gain of ...
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, ...
CEO Michael Foley swaps Telenor Bulgaria for Grameenphone to secure telco digital leadership | Executive Moves
Norway’s Telenor Group has said its CEO of Telenor Bulgaria Michael Foley will head its Bangladeshi unit Grameenphone. Foley replaces interim CEO Petter Furberg, who stepped in for… Norway’s Telenor Group (OSE:TEL) has ...
Sri Lankan government set to free Mobitel from sovereign reins
State-controlled Sri Lanka Telecom-owned telco Mobitel is reportedly mulling independence from its parent through a public equity listing as Asian IPOs continue to mushroom. Mobitel ...
Liquid Telecom lures ex-Airtel Kenya MD Adil Youssefi to head Kenyan unit | Executive Moves
Econet Wireless-owned pan-African fibre and satellite broadband provider Liquid Telecom Kenya has hired former Airtel Kenya MD Adil Youssefi to become the operator’s CEO. Youssefi ...
Cash strapped Digicel buys IDOM Technologies as long-term strategy unfolds
Irish billionaire Denis O’Brien’s Digicel has agreed to acquire ICT and telecoms operator IDOM Technologies for an undisclosed sum as the Caribbean-focused telco transforms its ...
Telia sells a 7% stake in Turkcell as it takes further steps to exit Eurasia
Telia has placed close to 7% of its Turkcell holdings on the market to fetch some TL1.775bn (US$500m) as it continues ...
Credit Suisse poaches IPO veteran Matt Walsh from BofA to be co-head of TMT ECM | Executive Moves
Credit Suisse has hired Matt Walsh to become the bank’s managing director and TMT co-head of its equity capital market group, effective in ...
