Recent TelecomFinance Headlines

• Speculation about Slim interest in Telekom Austria

  18 May 12

  Austrian media speculated over the past days that Mexican tycoon Carlos Slim is showing interest in a stake in incumbent Telekom Austria (TA).

  Austrian magazine Format reportedly said in an unsourced article that Slim is believed to have been in contact with Ronny Pecik, the investor who has accumulated around 20% in TA together with Egypt’s Naguib Sawiris.
• Mongolia caps foreign investment in telcos

  18 May 12

  The parliament of Mongolia has approved foreign investment legislation that imposes restrictions on stakes foreign investors can take in telecommunications companies, as well as in other industries deemed strategic.

  The law, which is reportedly expected to come into effect within days, concerns private foreign investments of 49% or more in strategic industries if the deal value exceeds US$75m.
• Time dotCom completes US$103m acquisitions

  18 May 12

  Time dotCom (TdC), a Malaysian fibre-optic capacity provider, has closed the acquisitions of three local telecoms company for a total of approximately US$103m.

  The company first announced intentions to buy the three telcos in November 2010.
• Frontier out with US$500m bond refinancing

  18 May 12

  US-based rural broadband and satellite TV provider Frontier Communications is seeking to raise US$500m through the issue of 9-year senior unsecured notes.

  Joint book-running mangers on the transaction are Barclays, Deutsche Bank, Morgan Stanley and RBS, while co-managers are Citigroup, Credit Suisse and JP Morgan.
• MetroPCS interested in Verizon spectrum

  18 May 12

  MetroPCS’s CFO has said the company is interested in buying lower 700MHz A block spectrum that Verizon plans to sell and that it has a “substantial war chest to go out and specifically acquire additional spectrum”.

  CFO Braxton Carter’s comments, at a TMT conference in Boston, follow a statement published earlier in the week on MetroPCS’s website by CEO Roger D. Lindquist.

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