Search results for +tag:Corporate/Financial

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The government of Timor-Leste has allocated USD14.5 million to purchase Brazilian operator Oi’s majority stake in Timor Telecom (TT) next year. Finance Minister Rui Gomes told news agency Lusa that... more
South African telecoms operator Telkom has informed investors that it remains in takeover talks with MTN Group. Telkom renewed its cautionary announcement about the negotiations, which could see MTN buying... more
Telefonica Brasil (Vivo), Claro Brasil and TIM Brasil have indicated that they are determined to initiate an arbitration procedure against Oi for an alleged breach of the contractual terms relating... more
Lumen Technologies has closed the sale of its incumbent local exchange carrier (ILEC) business in 20 states to Brightspeed. Lumen notes that it has retained its ILEC assets in a... more
UK-based Vodafone Group has issued a statement responding to recent press speculation related to Vodafone UK and Three UK, confirming that it is indeed in discussions with Hong Kong’s CK... more
Bahrain-based Batelco has announced that its Channel Islands subsidiary Sure has agreed to buy rival mobile network operator (MNO) Airtel-Vodafone, the latter of which offers services on both Guernsey and... more
The Kenyan treasury has acquired a 60% stake in Telkom Kenya from private equity firm Helios Investment Partners for KES6.09 billion (USD50.0 million). The transaction, which took place last month,... more
The Italian wholesale ISP Linkem Group has changed its name to OpNet following the sale of its retail operations to Tiscali earlier this year. The firm operates a 5G fixed... more
Vodafone Portugal has entered into an agreement with Llorca JVCO, the owner of Spanish operator MasMovil Ibercom (trading as Grupo MASMOVIL), to acquire Cabonitel, the holding company which controls Portuguese... more
Portuguese telecoms group Sonaecom has announced that it has ceased to be an investor in ZOPT (its 50/50 joint venture with Isabel dos Santos-controlled Unitel International Holdings and Kento Holdings),... more