www.ft.com — A deal between MTN, of South Africa, and Bharti Airtel, of India, to allow the telecoms groups to exploit markets in Africa and the Middle East may be about to founder. With only two weeks to go before talks… Continue…
Archive for the 'FT.com' Category
Zain investors sell $13.7bn stake
www.ft.com — Shareholders in Zain, Kuwait’s largest telecommunications operator, are to sell a 46 per cent stake in the company to a consortium made up of Indian telecoms companies and a Malaysian investor, for about $13.7bn. Bard al-Kharafi… Continue…
Merger may be only choice for T-Mobile
www.ft.com — When it comes to M&A, it takes courage to ask for help. That’s what Deutsche Telekom must acknowledge as it tries to find a solution for its biggest problem: what to do with its underperforming T-Mobile UK operation… Continue…
S Korean exporters gain competitive edge
www.ft.com — South Korean exporters are riding high on the back of the weak won, differentiated products and cost competitiveness, defying the global economic slowdown that has battered many of their foreign rivals. But there are question marks about how sustainable their performance may be… Continue…
Hutchison Whampoa
www.ft.com — Investors in Hutchison Whampoa can sympathise. Back in 2002 the Hong Kong-based ports-to-property conglomerate started shovelling cash into its 3G telecoms business. Seven years on, that unit is still draining profits at the most basic level. In March, management… Continue…
France Telecom Egypt rebuff
www.ft.com — France Telecom yesterday vowed to appeal to Egypt’s supreme court after the country’s stock market regulator once again rejected the French group’s attempt to take full control of ECMS, Egypt’s largest mobile operator. A review panel of the… Continue…
Nortel wins auction approval
www.ft.com — Nortel Networks, the Canadian telecoms equipment maker operating under Chapter 11 bankruptcy protection, won court approval to auction off its corporate networking business in New York on September 11. Avaya, the US business communications group, made a $475m stalking horse… Continue…
Telecoms and banks spur gains
www.ft.com — European shares hit their highest level in almost nine months this week as buoyant telecommunications and banking shares offset tumbles from energy and airline companies. Telecoms groups’ interim results showed that the sector had fared better than many.. Continue…
Telecoms sound a positive tone
www.ft.com — European equities rose to their highest level for the year yesterday amid thin holiday season trading volumes as a string of corporate earnings failed to deliver the nasty surprises some had feared. Robust numbers from telecoms companies… Continue…
Bharti Airtel / MTN
www.ft.com — Two months after India’s Bharti Airtel and South Africa’s MTN entered exclusive talks over their potential $23bn mobile phone tie-up, the “do not disturb” sign still hangs on the door. Those awaiting the creation of a new south-south… Continue…
Alcatel-Lucent boosted by break-even forecast
www.ft.com — Alcatel-Lucent, the Franco-American telecoms equipment maker, yesterday announced that it had slipped into an operating loss in the second quarter, but said it still planned to break even for the full year…. Continue…
France Telecom warns on ‘lower’ business
www.ft.com — France Telecom warned of “slightly lower” business in the second half of the year as it reported a 4 per cent fall in net profits on Thursday but stuck to its 2009 aim of achieving €8bn ($11.25bn)… Continue…
Rolls-Royce and BT stand out in London
www.ft.com — The FTSE 100 surged to its highest level since early January with Rolls-Royce, the aero-engine maker, among the biggest risers as hedge funds and proprietary traders rushed to cover short positions. A popular trade in recent weeks has been… Continue…
Sprint loss widens as customers defect
www.ft.com — Shares in Sprint Nextel fell by about 11 per cent after the third largest US mobile network operator reported continuing subscriber losses and a wider second-quarter net loss of $384m. The results, which come the day after Sprint announced… Continue…
Sprint Nextel to buy Virgin arm
www.ft.com — Sprint Nextel, the third-largest US mobile network operator, agreed to acquire Virgin Mobile USA, a leading prepaid phone company, in an all-stock deal valued at $5.50 per share or $483m, including Sprint’s existing 13.1 per cent stake in Virgin Mobile… Continue…
Sprint-Nextel to acquire Virgin Mobile USA
www.ft.com — Sprint Nextel, the third-largest US mobile network operator, unveiled a $420m deal on Tuesday to acquire Virgin Mobile USA, the wireless phone company in which Sir Richard Branson’s Virgin Group is the largest shareholder. The all-stock deal valued… Continue…
