Middle Eastern telecoms giant Etisalat has reportedly agreed to sell six of its businesses in West Africa to Maroc Telecom in what amounts to a restructuring of its operations in advance of a Maroc Telecom takeover.
In November, the operator agreed to pay $5.8 billion for a 53% stake in Maroc Telecom (Rabat, Morocoo) being sold by France’s Vivendi (Paris).
Egyptian fixed-line incumbent Telecom Egypt has announced its EGP2.5 billion acquisition of a mobile license from the country’s authorities.
The license will allow the operator to provide mobile services alongside the fixed ones it already offers to consumers and businesses, using the local mobile networks of Etisalat (Abu Dhabi, United Arab Emirates), Orange (Paris, France) and Vodafone (Newbury, UK).
Verizon Communications Inc has urged U.S. regulators not to restrict how much it can buy in next year's auction of wireless spectrum, saying such a limit would subsidize the smallest national carriers and their foreign owners.
Federal Communications Commission Chairman Tom Wheeler recently proposed rules for the complex sale of valuable airwaves scheduled for mid-2015. The rules would reserve part of the spectrum in each market for wireless carriers that do not already have dominant blocks of low-frequency airwaves there.
T-Mobile US Inc said it added a record number of customers in the first quarter, blowing past its competitors as the company's aggressive discounts lured in subscribers.
T-Mobile (Bellevue, WA, USA) shares jumped 7.3 percent as the company that has billed itself as the "uncarrier" signed up 2.4 million new customers in the first quarter, topping estimates of 932,000. That was more than its top three rivals combined, a first for the No. 4 mobile carrier in the United States based on total subscribers.
Telefonica Deutschland has sweetened its offer of concessions in order to win European Union approval for its planned takeover of KPN's E-Plus unit in Germany, a spokesman for the telecoms firm said.
Telefonica Deutschland (Munich, Germany), a unit of Spanish telecoms operator Telefonica (Madrid), last month offered to lease spectrum above 2 gigahertz and access to its network to rivals after the European Commission expressed concerns about the 8.6 billion euro ($11.9 billion) deal.
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VimpelCom has agreed the $2.64 billion sale of a 51% stake in its Algerian phone business to the country’s government, bringing to an end a protracted dispute between the two parties.
The deal to sell a majority stake in Djezzy (Algiers, Algeria) to the Algerian government will also allow VimpelCom (Moscow, Russia) to slash debt while retaining a substantial stake in the emerging-markets player.
UK-headquartered Vodafone is reported to be in discussions with movie-streaming player Netflix about a tie-up that would allow the operator’s customers to watch films and TV shows on smartphones as part of their monthly tariff.
According to Bloomberg, the arrangement would allow customers to stream content without paying a separate fee to Netflix (Scotts Valley, CA, USA) for a set period of time.
Square Inc has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash, the Wall Street Journal reported, citing people familiar with the matter.
The company spoke to Google Inc (Mountain View, CA, USA) earlier this year about a possible sale, the Journal reported, adding that it wasn't clear whether the talks are continuing.