The Competition Tribunal’s decision to block a merger between Vodacom and a major fibre operator will likely derail a push by South African telecoms firms to use big M&A deals as a shortcut to digital...
AT&T announces $1 bln fiber deal with Corning
AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services. WHY IT’S...
Verizon bid for Frontier faces investor skepticism, sources say
Some of Frontier Communications’ largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications, with its second-largest investor planning to vote against the deal, three...
Australia’s TPG to sell fibre, fixed assets to Vocus for $3.5 bln
Australia’s TPG Telecom said on Monday it would carve out its fibre and fixed network infrastructure assets in a sale to Macquarie and pension fund Aware Super-owned telecommunications group Vocus for A$5.25...
Vodafone’s UK merger with Three raises competition concerns, regulator says
Vodafone Group’s deal to merge its U.K. business with rival operator Three raises competition concerns, the U.K.’s antitrust authority said, creating uncertainty on a deal poised to shake up the country’s...
Mobileum emerges from Chapter 11 bankruptcy process
U.S. telecom services provider Mobileum said on Thursday it had emerged from the Chapter 11 bankruptcy process, and secured $60 million of new financing to fund its bankruptcy process, with $100 million of financing for...
Verizon to buy Frontier in $20 bln deal to boost fiber network in U.S.
Verizon said on Thursday it will buy fiber-optic internet provider Frontier Communications in an all-cash deal worth $20 billion, as the U.S. wireless carrier looks to grow its subscriber base. The deal will also help...
India’s Bharti to buy 24.5% stake in BT from Altice
India’s Bharti Enterprises said it would acquire a 24.5% stake in BT, worth 3.2 billion pounds ($4 billion), to buy out the British company’s top investor Patrick Drahi as his Altice group speeds up asset...
Airtel’s data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal
Bharti Airtel is unlikely to merge its data centre business-Nxtra-with tower provider Indus Towers, as the company would prefer flexibility by keeping the assets unbundled, top executives of the country’s second...
Telkom Indonesia taps Goldman, Mandiri to seek strategic investor for data centre business
Indonesia’s state-owned communication giant Telkom Indonesia has appointed Goldman Sachs and Mandiri Sekuritas to help it find a strategic investor for its data centre business, according to a senior company...
Vodafone sells further 10% stake in Vantage Towers for 1.3 bln euros
Britain’s Vodafone said it sold a further 10% stake in Vantage Towers for 1.3 billion euros ($1.4 billion), bringing its ownership in a group which controls European mobile phone masts down to its intended level...
Govt considers handing over MTNL operations to BSNL; merger unlikely
The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said. A...
