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Chinese telecoms vendor Huawei has secured a US$1.6bn five-year revolver in its first syndicated facility to come chiefly from European banks.
It is also the first time that the company has used its European subsidiary, Huawei Technologies Cooperatief, as a joint borrower.
TeliaSonera’s Finnish unit and DNA have agreed to build together and share networks in the sparsely populated northern and eastern parts of Finland.
The agreement covers half of Finland’s landmass where only 15% of the country’s population lives. The operators are obliged to provide coverage to 95% of the Finnish population by 2017, and 97% or 99% – depending on the licence – by 2019.
American Tower has reportedly submitted the highest bid – Rs190bn (US$3.13bn) – for a majority stake in Indian towerco Viom Networks.
The acquisitive US towerco’s offer includes taking on Rs65bn (US$1.01bn) in debt, the Economic Times reported citing a person familiar with the matter.
The president of US cableco Cox Communications has denied rumours that his company is interested in making a joint bid with French operator Iliad to acquire T-Mobile US.
Pat Esser also threw cold water on speculation that it could merge with a smaller rival such as Charter Communications or Cablevision Systems Corp, saying that the family-owned company would prefer to remain private for now.
The chief operating officer (COO) of US-based Windstream, Brent Whittington, will step down from his position on 1 September, according to a company statement.
The ISP and telco said the role will be scrapped following Whittington’s departure.
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