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Recent TelecomFinance Headlines

  • AT&T “looking at opportunities” to divest assets
    27 Jan 12

    US telco AT&T will consider opportunities to divest or restructure “low-performing and non-strategic” parts of the business over the next two years, according to CEO Randall Stephenson.

    In a conference call with analysts, Stephenson also said that AT&T will be looking to acquire more spectrum, following the collapse of its proposed acquisition of T-Mobile USA.

  • Spectrum should be used as loan collateral, says Indian finance ministry
    27 Jan 12

    India’s Finance Ministry has reportedly called for spectrum to be utilised as collateral by lenders of telcos.

    According to the Economic Times, the Finance Ministry is urging the Telecom Department to implement policy changes so that banks could seize frequencies in the event of a default or licence cancellation.

  • Alpha Telecom set for liquidation
    27 Jan 12
    UK fixed-line operator Alpha Telecom has announced it has ceased trading as it sets a course for liquidation. Further details were not disclosed, but reports suggest customers had been complaining of a lack of service for more than a week as the ...
  • Telecom Srbija completes share buyback
    27 Jan 12

    Telecom Srbija (TS) has confirmed it has re-acquired Greek telecom operator OTE’s 20% stake for €380m, meaning the former monopoly is again 100% state-owned.

    Directors general of both companies signed the share repurchase contract at an event attended by Serbian President Boris Tadic and Prime Minister Mirko Cvetkovic.

  • Leap Wireless CFO to leave company
    27 Jan 12

    The CFO of US mobile operator Leap Wireless, Walter Berger, will leave shortly after the company posts its annual report, expected by late February.

    According to Leap Berger leaves “for another opportunity in the technology sector”.