Teliasonera (Stockholm, Sweden) will kick off the sale process for its Spanish mobile operator, Yoigo, in the next two weeks in a deal that is expected to attract bids from France Telecom (Paris, France) and Vodafone (Newbury, UK), three people familiar with the matter said.
Information documents are set to go out soon to bidders, the people told Reuters, after being delayed over the summer by holidays and the departure of Yoigo's chief executive.
Singapore state investor Temasek Holdings (Singapore) will sell as many as 500 million shares in Singapore Telecommunications Ltd (Singapore) to raise up to $1.34 billion, according to a term sheet seen by IFR late on Tuesday.
The transaction comprises a base size of 400 million SingTel shares at S$3.20 and S$3.25, which works out to around S$1.3 billion ($1.06 billion). It includes an upsize option for another 100 million shares that if exercised will raise the deal size to $1.34 billion.
A Temasek spokesman confirmed the sale.
For mobile service providers like AT&T Inc (Dallas, USA), it's not enough that consumers came out in droves to buy the newest iPhone from Apple Inc (Cupertino, USA).
They need people to dig more deeply into their wallets each month to pay for data services, such as mobile video, to cushion the impact of the iPhone's steep price tag on the carriers' bottom lines.
A US House panel is investigating whether the country’s telecoms regulator rushed through its approval of LightSquared’s application to operate a wireless network in early 2011, according to a report from Dow Jones Newswires.
LightSquared (Reston, USA) was subsequently stopped from providing services owing to concerns that its technology interferes with GPS signals transmitted by the airline industry, among others.
The company filed for Chapter 11 bankruptcy protection in May and is fast running out of cash while its network goes unused.
Telkomsel (Jakarta, Indonesia) has lodged an appeal against its bankruptcy ruling earlier this month, according to the Jakarta Globe newspaper, in a case that highlights the shortcomings of the country’s legal framework and the risks to businesses operating within it.
The state-backed operator was declared bankrupt on September 14 after being found guilty of failing to pay a debt of 5.3 billion rupiahs ($555,000) to Prima Jaya Informatika, a former business partner.
Three public interest groups plan to file a formal complaint accusing AT&T Inc (Dallas, USA) of violating U.S. Internet rules if the wireless service provider goes ahead with a plan to limit use of Apple Inc's (Cupertino, USA) FaceTime application to certain customers.
The groups -- Free Press, Public Knowledge and the New America Foundation's Open Technology Institute -- gave AT&T notice in a letter on Tuesday that they plan to file a formal complaint with the Federal Communications Commission, unless the No. 2 U.S. mobile provider changes its policy.
Telecoms retail revenues in emerging Asia-Pacific markets are forecast to increase from $229.7 billion in 2011 to $323.7 billion by 2016, according to a new report from Analysys Mason.
Growth will be driven by the adoption of data services on smartphones and other mobile devices, with 3G and 4G connections accounting for 46% of the total by 2016.
The study looks at Bangladesh, China, India, Indonesia, Malaysia, Pakistan and Thailand, noting that China and India account for 68% of the region’s population, 64% of active SIMs and 75% of retail revenues.
Time Warner Cable (New York, USA) intends to sell its 7.8% stake in mobile broadband provider Clearwire (Kirkland, USA), according to Dow Jones Newswires.
The cable operator has made clear its plans in a regulatory filing and also notified other Clearwire investors, which have the option of purchasing all or part of the stake.
Time Warner paid around $550 million for its interest in Clearwire back in 2008, but the shares would fetch only about $73.3 million at current prices.
T-Hrvatski Telekom (Zagreb, Croatia), the Croatian operator controlled by Germany’s Deutsche Telekom (Bonn, Germany), has already applied for a new 4G license just days after the country’s regulator invited bids.
Hakom is to award three blocks of 2x10MHz spectrum in the 800MHz band for use with new 4G services, although no operator will be allowed to own more than one spectrum block.
Bidders will have until October 15 to submit their applications for a 12-year license, making T-Hrvatski look very eager indeed.
Telenor’s chief executive says he is in talks with several potential new partners in India, according to Reuters.
“There are talks in many directions, I can assure you, and many who wish to speak to us as well,” Jon Fredrik Baksaas told Reuters at the operator’s capital markets event.
“There is not really anything concrete to say about this yet, but … we wish to go further in India provided that the framework at last will be in place, and that we also can see a profitability developing on a new investment in India,” he is reported to have said.