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Dixons Carphone sells Portuguese business
UK-based handset and electronics retailer Dixons Carphone (LON:CPW) has agreed to sell The Phone House Portugal to Digital Place, a company owned by the shareholders of local rival TLCI for a “small cash consideration”.
By Tom Levine (Partner, Head of Telecoms Sector Practice), Tom De Cordier (Counsel, Commercial), Peter Eijsvoogel (Partner, Regulatory) and Charlotte Mullarkey (Senior PSL, Commercial)
A triumphant bang or an ambiguous whimper?
B2B business Allstream is back on the block, with regional Canadian operator Manitoba Telecom Services (MTS Allstream) (TSE:MBT) set to meet suitors in the second half of the year.
MTS Allstream has hired advisers and is “constructing its information repositories for prospective buyers”, it said.
Nascent Indian mobile operator Reliance Jio Infocomm plans to raise up to Rs35bn (US$545.7m) in a debt issue prior to launching 4G services.
The company, a subsidiary of conglomerate Reliance Industries, intends to issue secured, redeemable, non-convertible debentures on a private placement basis, it said in a regulatory filing. The board of directors and shareholders have approved the issue. No further details were provided.
The FCC’s conditions on AT&T (NYSE:T)’s US$48.5bn takeover of DirecTV (NASDAQ:DTV), have come under fire from critics, with some arguing that they go too far and others saying they don’t do enough.
In the recently released order approving the deal, which creates the largest US pay-TV provider, the FCC said it has determined that the combined company will “be a more effective, multichannel video programming distributor (MVPD) competitor, offering consumers greater choice at lower prices”.
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