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Telecoms tycoon Xavier Niel is said to be nearing a deal to take Cable and Wireless Communications’ (CWC) majority stake in Monaco Telecom, which is the incumbent operator in the principality of Monaco.
Niel is looking to buy the quad play operator in a personal capacity – as opposed to through his French challenger Iliad – for us much as US$450m, two people familiar with the situation told the Financial Times.
French cableco Numericable and parent Altice have together priced a seven-tranche €12bn (US$16.6bn) high-yield bond package to fund the €13.5bn all-cash takeover of mobile operator SFR from Vivendi.
The notes attracted more than US$100bn in orders, primarily from European investors, and offered buyers coupons of between 4.875% and 7.75% on paper denominated in both euros and US dollars.
Lithuanian mobile operator Omnitel has named Janas Sorensenas as its new finance head.
Sorensenas will start his new role on 5 May, replacing Neriju Datkuna. Omnitel is a unit of Sweden’s TeliaSonera.
Slovakia has approved a draft amendment to the country’s privatisation laws which would enable the government to sell its shares in Slovak Telekom on the stock exchange.
The changes, proposed by the economy ministry, are set to come into force on 1 July.
Four operators have acquired 15-year 3G spectrum licences in Pakistan paying a combined US$903m in the long-awaited auction. One of the bidders, China Mobile’sZong, spent a further US$210m on a 4G concession.
The Pakistan Telecommunication Authority (PTA) has been trying to allocate the 3G frequencies since 2007 but a variety of regulatory issues had held up the process.
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