Deutsche Telekom’s June offer for its 24.8% stake in Filipino mobile operator Globe Telecom closed today, although Singapore Telecommunications (SingTel) and Ayala Corp both decided to let an option to buy the shares pass them by. The German giant is struggling to reduce its crippling debt pile and had hoped the two companies, which each hold 25% of Globe, would come in for the additional shares. Despite the setback industry watchers think that SingTel and Ayala are still obvious candidates for the deal. Singtel has been criticised for overpaying for its international interests and could be biding its time to secure a more favourable deal from Deutsche Telekom.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors