Cellular telephone services
The ratings for Millicom International Cellular S.A. (Millicom) and its subsidiaries, UNE EPM Telecomunicaciones S.A. (Tigo UNE) and Colombia Telecomunicaciones S.A. E.S.P. BIC (ColTel), have been left unchanged following the company's announcement of a potential merger with Telefonica. The proposed deal involves the
Bharat Sanchar Nigam Ltd.
BSNL's Rs 107 prepaid plan provides 35 days of service validity, making it a unique offering in the Indian market. This plan surpasses the service validity offered by private telecom operators like Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi), which typically offer less than 30 days of
Telecommunications industry
Ecuadorian president Rafael Correa has lodged a total of 24 objections to the country's new Telecommunications Act, which was approved by the national assembly on December 17. Correa's objections predominantly focus on the dominant market share threshold for the imposition of a new tax on telecoms/
Telecommunications industry
TalkTalk, a UK-based telecoms group, has joined the list of potential buyers for Tesco's struggling video streaming service Blinkbox. The service, which includes entertainment, digital book, and music streaming capabilities, lost around £25m last year, prompting Tesco's CEO Dave Lewis to explore its sale. Lewis has
Telecommunications industry
The Foreign Investment Promotion Board (FIPB) has approved several foreign investment proposals, including Tesco's plan to acquire 50% stake in Trent Hypermarket for $110 million, and Vodafone's $1.6 billion investment plan to take full ownership of its Indian business. However, the proposal for HDFC Bank
Telecommunications industry
The Foreign Investment Promotion Board (FIPB) will review Tesco's USD 110 million proposal to enter India's multi-brand retail segment and HDFC Bank's application to raise its foreign investment holding limit, among other items on its agenda for Monday. Tesco's proposal involves picking
Telecommunications industry
AT&T Inc.'s (T) failed $39 billion acquisition of Deutsche Telekom AG's (DTE) T-Mobile USA Inc. has sent shockwaves through the mergers and acquisitions (M&A) landscape, pushing Greenhill & Co. (GHL) to the brink of M&A league-table obscurity. According to a
Telecommunications industry
Verizon's recent purchase of a $3.6 billion wireless spectrum from a joint venture involving Comcast, Time Warner Cable, and Bright House Networks may face an antitrust challenge from the US Department of Justice, according to reports. This development follows AT&T's withdrawal from a
Telecommunications industry
In pre-market trading, technology shares are mostly lower, except for Apple, which is seeing fractional gains ahead of the open. Apple's shares are up due to the company offering discounts on its iPad 2, iPod, MacBoook, and iMac products. This promotional event, announced earlier in the week, has
Telecommunications industry
FCC Chairman Julius Genachowski has expressed opposition to the proposed $39 billion acquisition of T-Mobile USA by AT&T, citing concerns that the deal would lead to massive job losses and reduce wireless competition in nearly 100 of the 100 largest US markets. The deal, which was initially expected
Telecommunications industry
Democratic lawmakers have welcomed the Justice Department's lawsuit to block AT&T's proposed $39 billion acquisition of T-Mobile USA Inc., arguing that the combination would reduce competition and hurt consumers. The department's antitrust division claims that the deal would eliminate T-Mobile as an
Telecommunications industry
European stock markets experienced a significant rally in the last trading day of August 2011, with the Stoxx Europe 600 index jumping 2.9% to close at 237.43. This marked the third consecutive gain for the index, despite concerns over a double-dip recession and euro-zone finances. The rally was
