Two of the UK’s biggest mobile phone operators agreed to merge their businesses to capitalise on the rollout of next-generation 5G wireless technology in the country. The tie-up of Vodafone UK and Three, which is...
KKR, CDP rival consortium submit new bids for Telecom Italia grid
Telecom Italia (TIM) said on Friday it received two new offers for its landline grid as Italy’s biggest telecoms group seeks to resolve the impasse over the sale of its main asset. U.S. fund KKR and a rival...
Vodafone, Hutchison to announce UK merger as soon as Friday: Report
Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters. Shares in Vodafone...
Egypt sells $121.6 mln stake in state-controlled Telecom Egypt
Egypt’s government sold a 9.5% stake in state-controlled Telecom Egypt for 3.75 billion Egyptian pounds ($121.6 million), the finance ministry said in a statement on Sunday, breathing life into a privatisation...
Brookfield weighing stake sale in Indian tower business, says report
Brookfield Infrastructure Partners is considering the sale of a minority stake in its telecommunications tower business in India, according to people familiar with the matter. The Canadian investment firm is working...
Ascend Telecom, GIP EM Ascend 2 get CCI nod to acquire Tower Vision India
The Competition Commission of India (CCI) has given the green light to the proposed acquisition of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd. The...
Airtel Lanka to merge with Dialog Axiata in Sri Lanka
Bharti Airtel has signed a binding agreement to merge its Sri Lankan unit into market leader Dialog Axiata through a stock deal which will create a stronger number one in the country. In a joint statement on Tuesday...
Saudi Arabia’s TAWAL to buy European towers from United Group
TAWAL, a unit of Saudi Telecom Company (stc), agreed to buy tower infrastructure worth 1.22 billion euros ($1.34 billion) from United Group in its first foray into Europe’s telecoms market, the southeast European...
Virgin Media O2 kicks off stake sale in Cornerstone – FT
Virgin Media O2 has kicked off the sale of all or part of its share in Cornerstone, which owns and manages Britain’s largest mobile tower network and is likely to be valued at up to 3 billion pounds ($3.73...
China Mobile explores acquiring Hong Kong telecom firm HKBN – sources
State-owned China Mobile Ltd is exploring a buyout of Hong Kong’s leading telecoms company HKBN Ltd, four people with knowledge of the matter said, which could spark a bidding war for the firm currently valued at...
Canada set to approve Rogers takeover of Shaw with transfer -Globe and Mail
Canada is set to approve on Friday a transfer of wireless licenses that will finally settle Rogers Communications Inc’s C$20 billion ($15 billion) bid for Shaw Communications Inc, the Globe and Mail reported...
T-Mobile set to acquire Mint Mobile in $1.35 billion deal
T-Mobile announced on Wednesday that it has made a move to improve its prepaid offerings by acquiring Ka’ena Corporation, the parent company of popular prepaid wireless brands Mint Mobile and Ultra Mobile, as well...
