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Emerging markets operator Millicom International Cellular has raised US$500m through selling dollar-denominated notes.
The seven-year offering, to be listed in Luxembourg, priced at 99.266 and carries a fixed coupon of 4.75%.
Russia’s Rostelecom is set to appoint Kai-Uwe Mehlhorn as its new CFO.
A spokesperson for the Moscow-based telco confirmed that Melhorn has accepted the company’s offer to take on the role and that further information will be provided in due course.
Indian mobile operator Aircel has appointed SBI Capital to partly refinance or restructure Rs195bn (US$3.5bn) worth of loans, according to Business Standard citing banking sources.
The loans were secured a few years ago to build Aircel’s network and buy 3G and 4G spectrum. Aircel, which has been facing financial difficulties, delayed the launch of 4G services late last year, the newspaper wrote.
US wireless operator Sprint Nextel has completed its acquisition of PCS spectrum and close to half-a-million subscribers from smaller player US Cellular.
The US$480m transaction struck in November gives Sprint more capacity across America’s Midwest. It is acquiring 10MHz and 20MHz blocks in the 1900MHz band.
Yesterday one of Canada’s incumbent operators, Telus, agreed to acquire one of the recent entrants to the country's wireless market in a deal which will cause a headache for the government.
Mobilicity came into existence after acquiring set-aside spectrum in the 2008 AWS auction for C$243m (US$236m). Since then it has only managed to acquire 250,000 subscribers and the challenger is being taken through the courts by debt holders.
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