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US-based investment firm KKR has closed its acquisition of Western Balkan cableco United Group (SBB/Telemach) from Mid Europa Partners in a deal reportedly worth about €1bn (US$1.4bn).
NYSE-listed KKR said the closing of the transaction by which the European Bank for Reconstruction and Development (EBRD) invests €50m (US$) alongside funds affiliated with the investment firm also closes today.
Telecom Italia (TI) plans to assess the market for its mobile towers in Italy and Brazil ahead of a potential sale in the first half of this year.
CFO Piergiorgio Peluso said TI is preparing to sound out interest in the towers over the coming months. The comments were made during a conference call on the company’s FY 2013 results. TI aims to generate about €2bn in cash proceeds from the combined sales of the towers and TI Media Broadcasting.
South Africa's Telkom has unveiled details of a network sharing pact with larger rival MTN, a few months after the company said it was exploring options for its struggling mobile business.
Under the agreement, pan-African MTN will take over financial and operational responsibilities for the rollout of Telkom's radio access network.
Following a review of the Mexican telecoms and media sectors, the country's watchdog has identified the major players, without naming them, and is taking measures to preserve competition.
Telecoms regulator IFT said more details will be announced once the concerned companies have been officially notified.
Following Videotron’s acquisition of 700 MHz spectrum outside its current coverage area in Canada’s recent frequency auction, telecoms experts are wondering what the operator’s game plan is.
So far, the French Canadian operator has kept the cards close to its chest.
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