PT XL Axiata would be buying PT Axis Telekom Indonesia from Saudi Telekom through cash and debt repayment.
Telecommunications
Ooredoo partners with Myanmar women's organization for entrepreneurship program
Ooredoo, the Qatari telecommunications company, had entered into a partnership with the Cherie Blair Foundation for Women to provide assistance to businesswomen.
Bernabe set to submit resignation as Telecom Italia CEO
Due to the loss of support from the largest shareholders of Telecom Italia, CEO Franco Bernabe is planning to submit his resignation on October 3.
Facebook should form a corporate venture group - report
Noticing the number of Facebook employees leaving the social media company, a Techcrunch report suggested that forming a new venture capital group would make sense to curtail the employee attrition.
America Movil bid to come later than sooner
America Movil is biding its time in making a formal offer for KPN. America Movil SAB recently said it won't be making a formal offer until early October as it needs more time to negotiate with the management of Royal KPN NV.
Latest News
The New York Post reported that Twitter had been talking to major banks to help set up a credit facility line in the range of USD500 million to USD1 billion prior to its initial public offering that may happen before Thanksgiving.
BlackBerry's valuation by Fairfax Holdings was set at 20% the book value, including cash. Once valued at USD83 billion, the Canadian smartphone maker Blackberry Ltd had declined to record the lowest ever valuation for a technology or telecommunications takeover for a North American firm.
After making its IPO intentions public, the choice of the bourse to register takes centerstage for microblogging service Twitter.
An estimated 12.6 million viewers watched the premier episode of NBC's "The Blacklist."
Spanish telecoms group Telefonica had agreed on Tuesday to increase its stake in Telco, of which the latter is the controlling shareholder of Telecom Italia, via cash-and-share deals.
A government source had told Reuters that Italy would not be intervening on possible takeovers in Telecom Italia and Alitalia.
A source told Bloomberg that Sony's Head of Marketing for its film unit, Marc Weinstock, was removed from his role.
In an agreement signed last Monday, CapMan Buyout purchases Nice Entertainment for an undisclosed amount.
With a net operating loss between USD950 million and USD995 million, BlackBerry is feared to be nearing its closure.
