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Zimbabwean investor group Brainworks Capital Management remains interested in the domestic telecoms sector, despite withdrawing its offer on Telecel Zimbabwe.
The company announced it had closed a US$35m funding round with Red Rock Capital and Blue Air Capital, aimed at strengthening existing media investments and entering the domestic telecoms sector.
Mark Wallace has been named CFO of US enterprise operator Windstream’s planned publicly-traded real estate investment trust, Communications Sales & Leasing.
Last week Windstream’s board gave final approval for the tax-free spinoff of CS&L, which will hold a significant amount of its network assets, in what could be a game-changing structure for telcos.
The Thai telecoms regulator reportedly plans to auction 4G spectrum this November and December, having secured cabinet approval.
Takorn Tanthasith, secretary general for the National Broadcasting and Telecommunication Commission (NBTC), said at a press conference today that the auction of 1800 MHz spectrum will begin on 11 November and the auction of 900 MHz frequencies on 15 December, local media reported.
Canadian B2B operator TeraGo has bought enterprise cloud service provider RackForce Networks for an enterprise value of C$33m (US$26m).
TeraGo has amended its credit agreements to fund the acquisition, taking its facilities up from C$50m to C$85m.
The Nigerian Communications Commission (NCC) announced today that it has once again postponed the 2.6 GHz spectrum auction. The authority said it was acting on behalf of the government of Nigeria, which is awaiting the results of the weekend’s hotly-contested presidential election.
In a note signed by Eugene Juwah, Executive Vice Chairman and CEO, the NCC said the process was suspended until further notice and apologised to interested parties.
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