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Latest TelecomFinance Articles

  • 23 Jul 14

    The privatisation of struggling Nigerian operator Nitel, and its mobile arm M-Tel, has attracted 17 potential bidders, according to the Bureau of Public Enterprises (BPE).

    BPE director general Benjamin Dikki was quoted telling reporters that a total of 22 investors actually expressed interest but five did so after the 30 June deadline.

  • 23 Jul 14

    America Movil CEO Daniel Hajj has said the telco will not be changing its strategy in the US after AT&T sold its stake in the Mexican giant.

    On America Movil’s Q2 results call, Hajj said the company was happy how Tracfone, its MVNO unit in the US, was performing and that AT&T’s exit would not mean its strategy would change.

  • 23 Jul 14

    Polish cableco Vectra has amended its bid for a 33% stake in fixed-line operator Netia, offering PLN5.41 (US$1.76) per share for the first part of the tender period and PLN5.11 (US$1.67) for the latter.

    Vectra, backed by Tomasz Wegrzynski, lodged a PLN5.31 (US$1.73) per share offer early this month, saying it represented a 30% premium on Netia’s closing share price before speculation on the topic started from 11 March.

  • 23 Jul 14

    Incumbent telco Bell Canada has agreed a deal to absorb fibre operator Bell Aliant for C$31 (US$29) per share, made up of cash and Bell Canada stock.

    The offer would amount to C$3.95bn (US$3.68bn) if all of Aliant’s public minority investors sold their 127.5 million shares to Bell, which already controls the target and holds 44% of the operator’s stock.

  • 23 Jul 14

    British communications infrastructure firm Arqiva has secured £190m (US$325m) from the European Investment Bank (EIB) to upgrade its Wi-Fi network and roll out smart metering services.

    The loan will also go towards expanding its digital radio services and the deployment of a next generation digital video broadcasting platform.