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Zimbabwe’s state-owned mobile operator NetOne has secured a loan of USD290 million from China to help fund the ongoing expansion of its wireless networks. Meanwhile, NetOne’s fixed line sister company... more
India’s Foreign Investment Promotion Board (FIPB) has rejected Sistema Shyam Teleservices’ (SSTL’s) request to increase foreign ownership of the company beyond 74%, the Economic Times reports. The cellco’s Russian owner,... more
German fibre network operator Big Medienversorgung has been acquired by the country’s third largest cable company, Tele Columbus. Currently serving around 12,700 homes in the areas of North Rhine-Westphalia, Baden-Wurttemberg... more
AT&T Inc is ‘intrigued’ by the expansion opportunities presented by Latin America, and Mexico in particular, chief strategy officer John Stankey has admitted. According to Reuters, Stankey declined to comment... more
Dubai-based Delta Partners Capital has announced that a definitive agreement has been signed for an investment of up to EUR10 million (USD12.9 million) in Virgin Mobile Central and Eastern Europe... more
Bloomberg writes that Milan-based Telecom Italia (TI) has apparently approached a number of financial advisers about a plan to acquire Brazilian-owned operator Oi SA (Oi) through its own wireless unit,... more
US-based NII Holdings Inc, the parent company of Nextel-branded operators in a number of Latin America countries, has filed for US bankruptcy protection, Reuters reports. The decision to file a... more
Russian-backed telecoms group Vimpelcom and its Egyptian-based subsidiary Global Telecom Holding (GTH) jointly announced today that they have agreed to sell all of their debt and equity interest in the... more
Slovenia’s newly appointed finance minister has said that fixed and mobile operator Telekom Slovenije should not be split into separate retail and infrastructure businesses before it is privatised. Dusan Mramor,... more
Government officials are to meet today to consider proposals to close struggling state-backed operators Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd (MTNL), the Economic Times writes. The officials... more