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US-based investment firm Capital Group has cut its stake in Japanese telecoms giant Softbank Corp by around half to 6.7%, the Wall Street Journal reports. According to the article, in... more
Swedish telecoms group TeliaSonera reported that net revenues in local currencies, excluding acquisitions and disposals, decreased by 1.8% year-on-year in the first quarter of 2014, although in reported currency, net... more
AT&T Inc has reported consolidated revenue of USD32.5 billion for the three months ended 31 March 2014, up 3.6% – or more than USD1 billion – year-on-year; the improvement represents... more
US giant Verizon Wireless has lined up a pair of takeover deals for regional mobile operators, Fierce Wireless reports. The two-pronged acquisition will see Verizon first acquire spectrum, network assets... more
The public offer of shares in Oman Telecommunications Company (Omantel) to local citizens was oversubscribed 1.05 times, with a demand for nearly 75 million shares against 71.25 million shares on... more
China Mobile, the world’s largest cellco by subscribers, has registered a 9.4% year-on-year drop in net profits for the three months ended 31 March 2014, driven down by the company’s... more
Saudi Arabian fixed line and broadband operator Etihad Athleeb Telecom (GO Telecom) has published its interim results for the three months ended 31 March 2014, reporting a net loss of... more
Vodafone Greece spokesperson Simon Gordon has confirmed that the local Papistas Group has made legal claims worth EUR1.37 billion (USD1.89 billion) following the UK-owned cellco’s termination of a long-standing commercial... more
Etihad Etisalat (Mobily), Saudi Arabia’s second largest mobile operator by subscribers, has announced its financial results for the three months ended 31 March 2014, reporting 12% annual revenue growth, to... more
Kuwait-based telecoms giant Zain Group has announced its consolidated financial results for the three months ended 31 March 2014, reporting a 4% annualised increase in its revenues, to KWD311.1 million... more