France Telecom and Deutsche Telekom venture in the UK EE is planning strategic changes. EE, Britain's largest mobile operator, is now undertaking plans to prepare for its initial public offering.
Telecommunications
India’s RCom to sell majority stake to Bahrain group for $1.1 B
A consortium led by Bahrain Telecommunications Company (Batelco) is set to acquire Indian mobile phone company Reliance Communication's (RCom) 80 percent stake in its subsidiary for $1.1 billion.
Zain's Iraqi IPO Completion by end of year
Iraqi IPO of Zain to be completed by end of 2013. Kuwait's biggest mobile-phone operator, Mobile Telecommunications Co or ZAIN has said that the compltion of the IPO of its Iraqi unit may not be completed until December of 2013.
Etisalat Gets Loan to Bid for Maroc
Etisalat, through a loan, is bidding for Maroc Telecom's shares owned by French firm Vivendi. Etisalat, the Abu Dhabi owned telecommunications company has prepared a dual tranche US$8billion loan facility to back up its bud to acquire Maroc Telecom.
VTB Acquisition of Tele2 Russia Completed
VTB completes purchase of Tele2 Russia despite competitors crying foul. Tele2 announced Thursday that the acquisition by VTB of Tele2 has been completed.
Latest News
German media conglomerate Bertelsmann has said that it is making sale of a stake in RTL group. Germany's Bertelsmann has announced that it is planning to sell a stake in broadcasting company RTL Group worth as much as 1.
Vodafone shareholders are thinking about whether they should sell the entire company to Verizon or just sell its 45% stake.
Belgian firm Alfacam is now in rough waters financially after its credit line was cut off for breach of covenants.
Dish Network would offer senior notes amounting to US$2.3 billion, double its previous announcement.
Telefonica Deutschland would be selling off Euro denominated bonds. The German subsidiary of Spain's largest phone company, Telefonica Deutschland Holding AG is now preparing to offer for sale of Euro denominated bonds as early as this month.
Vodafone shares tumble after Verizon denies takeover talk. Vodafone share values fell after Verizon Communications denied rumors of a takeover of its joint venture.
New players in the Tele2 Russia saga show their hand. Russia's largest wireless carrier is now preparing the plan to fight the sale of Tele2 AB to VTB, state owned financial institution.
In a Financial Times report, AT&T and Verizon are said to be joining forces to make a bid for Vodafone shares in Verizon Wireless.
Jazztel's increasing growth in the Spanish market is making it very attractive for major telecommunications companies.
