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French challenger Iliad has made a surprise US$15bn cash offer for 56.6% of T-Mobile US, valuing its shares at US$33 each.
Iliad said its offers values the remaining 43.4% of T-Mobile at US$40.5 per share on the basis of the US$10bn in synergies that will be generated, which T-Mobile shareholders will benefit from.
Russian operator MTS has signed an agreement with the Uzbek government to resume operations in the country through a new joint venture.
The settlement agreement provides for the establishment of the JV, in which MTS will hold a 50.01% stake, the Moscow-based company said in a statement.
South African telecoms group MTN is reportedly attempting to re-enter the Indian market, this time by acquiring local player Tata Teleservices.
The companies are in early talks, according to the Hindustan Times citing sources with knowledge of the matter.
Spain’s Telefónica is monitoring Vivendi’s Brazilian fixed-line operator GVT and is “ready to act in any way needed”.
Telefónica’s CFO Ángel Vilá told investors on the telco’s Q2 results call that its fixed-line strategy in Brazil was going well, but that it was looking at all possible scenarios including GVT.
Iranian investors led by the Kouros Capital Group (KCG) have reportedly expressed interest in the privatisation of struggling Nigerian operator Nitel.
KCG chairman Kouros Jahangiripoor was quoted in local media reports as saying during a visit to Nigeria this week that it sees the country as its “entry point” to the African continent.
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