Investment firm PPF Group is on the verge of agreeing a €2.5 billion ($3.38 billion) deal to acquire a controlling stake in Telefonica’s Czech business, reports the Financial Times.
According to sources cited by the UK newspaper, the companies are set to reach an agreement over the next few days.
Telefonica (Madrid, Spain) has been reported to be looking for a buyer of its 66% stake in Telefonica Czech Republic ever since regulatory authorities decided to reserve spectrum in a forthcoming frequency auction for a new entrant to the telecoms sector.
Leap Wireless shareholders have given their seal of approval to a $1.2 billion takeover of the company by mobile giant AT&T.
According to the company’s press release, more than 99% of votes cast were in favor of the transaction, which will boost AT&T’s (Dallas, TX, USA) position in the US prepaid market besides shoring up its spectrum holdings.
Telecom New Zealand and Vodafone have picked up the majority of management rights to the country's 700 megahertz spectrum as competition heats up to bring high-speed 4G broadband services to users in rural areas.
Telecom (Auckland, New Zealand), the country's largest telecom company, and Vodafone (Auckland, New Zealand) successfully bid on the maximum three lots of 2x15 megahertz lots for NZ$66 million ($54.55 million) each, while mobile phone operator 2degrees secured two lots of 2x10 MHz bandwidth.
Croatian incumbent Hrvatski Telekom has filed an application to participate in an auction of 800MHz airwaves that regulatory authorities failed to sell a year ago.
The operator – controlled by Germany’s Deutsche Telekom (Bonn) – was one of two companies to win a 2x10MHz block of 800MHz spectrum during an auction in October 2012, paying €20 million ($27.6 million) for its license.
Rival operator Vipnet, the other license winner, also paid €20 million for its concession, but the remaining 2x10MHz block remained unsold at the auction’s conclusion.
Austria's telecoms watchdog will hold a hearing of complaints by operators about the 2 billion euro ($2.8 billion) auction for fourth-generation frequencies, which was criticized for being too expensive.
The 4G auction in Europe's most price-competitive telecoms market raised four times the minimum set by the regulator and was the most expensive in Europe per head of population.
Telekom Austria may have to risk its credit rating, which it said earlier this year was its top priority, to raise debt for a costly frequency auction, its chief executive said.
The company said late on Monday it would pay 1.03 billion euros ($1.41 billion) to buy half the spectrum on offer in an auction for Austrian fourth-generation frequencies, almost three times as much as most analysts had expected.
The market for small-cell backhaul in outdoor settings is poised for rampant growth next year, according to a new study from Infonetics Research.
Operators are increasingly looking to small-cell technology to plug gaps in existing coverage and boost the capability of their networks.
Pressure on current investments is growing as consumers rush to adopt new smartphones and other devices that can be used to access high-speed internet services.
Indian telecoms authorities have hit mobile operator Idea Cellular with a fine of INR6 billion ($97 million) for illegally merging with smaller rival Spice Communications, reports the Times of India.
According to press reports, India’s Department of Telecommunications (DoT) regarded the tie-up as a “willful” violation of certain licensing conditions preventing a telecoms company from owning more than 10% of another in the same service area.
Spanish telecoms incumbent Telefonica has acknowledged it is exploring “strategic alternatives” for its Czech subsidiary in a stock exchange filing.
The statement came in response to press speculation that Telefonica (Madrid, Spain) is planning to sell its 70% stake in Telefonica Czech Republic in a deal that could raise as much as $3.6 billion for the debt-burdened Spanish operator, based on the subsidiary’s current market value.
Mexico's government said on Monday it had reached a deal with concession-holders, including MVS Multivision, to recover 68 percent of available space in the country's disputed 2.5 GHz spectrum, which could boost competition in the telecoms sector.
The government decided to reclaim the spectrum after MVS (Mexico City, Mexico) and other companies failed to use it to develop high-speed networks. The issue had been tied up in legal wrangling for years.