Billionaire Carlos Slim's company America Movil said that it had gotten funds to finance the acquisition of KPN's German unit.

Vodacom Tanzania announced plans for network expansion with TZS 200 billion investment. South Africa's Vodacom in Tanzania announced its plans to develop and grow in the country within the year.

KPN said it had invited its shareholders to a meeting on October 2 to vote on the proposed sale of its German unit E-Plus to Telefonica.

Collegefeed received USD1.8 million investment from Accel Partners A new social media platform specifically catered to college students has attracted a USD1.

KKR inked a definitive agreement to buy RigNet Inc from Cubera. Leading investment company Kohlberg Kravis Roberts & Co (KKR) signed a definitive agreement to acquire RigNet Inc.

Serbia's government posts on the possibility of selling Telekom Srbija AD. Serbia is not closing its doors in the possibility of selling its main telecommunications provider Telekom Srbija AD followed by the expression of interest of two main companies namely The Dogus Group Of Turkey and Sabanci Group.

Former Union Square Advisors Partner and COO, Elias Mendoza, is Siris Capital Group's new Managing Director of Investment Development and Strategy.

Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.

Nine Entertainment's ownership has decided to undertake an IPO. The majority owners of Nine Entertainment of Australia, namely US hedge funds Apollo Global and Oaktree Capital, have appointed several banks to oversee the initial public offering of the company.

China’s National Development and Reform Commission or NDRC planned to examine big industries such as petroleum, banking, auto and telecommunications as part of its ongoing investigations on anti-trust violations in the country.