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Latest TelecomFinance Articles

  • 30 Jan 15

    The CEO of Polish fixed-line telco Netia, Adam Sawicki, has resigned from his position.

    Sawicki, who joined Netia in June 2014, plans to pursue new challenges and experiences outside the group, according to a company statement. His resignation is effective as of 31 July.

  • 30 Jan 15

    Kazakhstan’s Kcell, a unit of Swedish telco TeliaSonera, has appointed Trond Moe as its new finance director, subject to relevant regulatory approvals.

    Moe, who previously served as CFO of Mode Group in London, replaces Baurzhan Ayazbaev, who resigned last October.

  • 30 Jan 15

    German regulator Bundesnetzagentur has laid out its plans to sell off 4G-suitable 700 MHz spectrum as part of a larger auction later this year, which will also see licences in the 900 MHz and 1800 MHz made available.

    The federal agency expects the tender to take place in either May or June, although the winning operators will not be able to start utilising their licences before next year at the earliest.

  • 30 Jan 15

    India’s finance ministry has asked tax officials to apply the principle behind a recent court ruling in favour of the UK-based Vodafone Group to all relevant future cases involving foreign companies.

    The order, sent to tax officials nationwide, came a day after the government said it would not appeal an October Bombay High Court decision which rejected claims on the taxability of share capital for foreign companies, according to multiple reports.

  • 30 Jan 15

    Telecoms group VimpelCom and its Egypt-based subsidiary Global Telecom Holding (GTH) have completed the sale of a 51% stake in Algerian operator Djezzy for US$2.6bn, marking the end of a long-running dispute with Algeria’s government.

    VimpelCom acquired Djezzy via GTH in 2010 as part of a broader US$6bn deal. However, before the deal closed, Algeria announced plans to nationalise the local operator following a dispute with GTH – then known as Orascom Telecom Holdings – over taxes and fines.