Financial

Verizon CEO says no to Dish spectrum buy, big deals

Reuters

Verizon Communications, majority owner of the biggest U.S. mobile service, is not interested in buying spectrum from Dish Network and does not plan to make any big acquisitions, its top executive said on Tuesday.

While investors have been speculating that Dish (Meridian, USA) Chairman Charlie Ergen could make a lot of money if he sells Dish's wireless spectrum holdings to big U.S. mobile operators, Verizon (New York, USA) Chief Executive Lowell McAdam told Reuters at an investor conference that his company would not be a buyer.

ZTE receives $20 billion funding boost from China Development Bank

China’s ZTE has received a substantial funding boost from the China Development Bank (CDB) in a deal the equipment maker claims will drive overseas investment and business development.

The agreement increases ZTE’s financing facility with the CDB to $20 billion from the $15 billion arranged in 2009 – itself an extension of the original facility of $8 billion set up in 2005.

Nokia Siemens to close German services unit: sources

Reuters

Nokia Siemens Networks' (NSN) German services unit faces closure and 1,000 jobs are at risk as Nokia and Siemens shake up the joint venture, two sources said.

One of the people familiar with the situation said the closure would be effective by the end of 2013 and will be announced on Wednesday during a meeting at which workers will be told a crucial contract with Deutsche Telekom (Bonn, Germany) will not be extended.

France Telecom interested in Vivendi's Moroccan unit: report

France Telecom’s chief executive has said an acquisition of Vivendi’s stake in Maroc Telecom would have “strategic interest” in an interview with France’s Le Figaro newspaper.

Stephane Richards said valuing the Moroccan business was out of the question, but that an acquisition could make sense for the French telecoms incumbent.

He acknowledged, however, that France Telecom (Paris, France) would struggle to fund a purchase given its current high level of debt and depressed share price.

CWC sells Monaco & Islands division to Batelco for $680 million

Cable & Wireless Communications (CWC) is to sell most of its Monaco & Islands division businesses to Bahrain’s Batelco for the cash fee of $680 million as it looks to reduce debt and focus on operations in Central America and the Caribbean.

The UK-headquartered operator will sell all its shareholdings in the Maldives, Channel Islands and Isle of Man, the Seychelles, South Atlantic and Diego Garcia, as well as a 25% stake in Compagnie Monegasque de Communication (CMC), which owns 55% of Monaco Telecom.

Nokia Siemens to sell optical networks unit

Reuters

Mobile telecoms equipment maker Nokia Siemens Networks (NSN) said on Monday it is to sell its optical fiber networks unit to Marlin Equity Partners.

NSN (Helsinki, Finland) didn't give any financial details for the sale but said it would be completed in the first quarter of next year.

As a result of the deal as many as 1,900 employees, mainly in Germany and Portugal, will be transferred to the new company, NSN said in a statement.

Saban buys control of Israel's Partner Communications

Reuters

U.S.-Israeli media magnate Haim Saban agreed to buy a controlling stake in Israel's second largest telecoms operator, Partner Communications
, to expand into the market for bundled phone, internet and television services.

Saban Capital (Los Angeles, USA) will pay Israeli holding company Scailex Corp (Tel Aviv, Israel) 250 million shekels ($65 million) in cash, and take on a $300 million loan that Scailex owes to Hong Kong conglomerate Hutchison Whampoa <0013.HK> (Hong Kong), Scailex said in a statement to the Tel Aviv Stock Exchange.

Vodafone speeds up CWW integration

UK-based Vodafone is to create a new Group Enterprise unit aimed at speeding up the integration of Cable & Wireless Worldwide, the fixed-line communications business it bought for about £1 billion ($622 million) in July.

Vodafone (Newbury, UK) says it needs to integrate the business faster than it originally planned because of customer demand for combined products and services.

Maxis reports 17.7% profit decline as competition grows

Weaker sales and the rising cost of device subsidies triggered declines in third-quarter revenues and net income at Maxis, Malaysia’s biggest telecoms operator.

While revenues dropped 1.2%, to 2.21 billion ringgits ($723 million), compared with the same period of 2011, net profit was down an alarming 17.7%, to 443 million ringgits.

Maxis (Kuala Lumpur, Malaysia) faces particularly aggressive competition in the mobile-phone sector and has been forced to cut prices and increase device discounts to attract and retain customers.

Shanduka Group takes stake in MTN Nigeria for $335 million

South Africa’s Shanduka Group has paid $335 million for a stake in MTN Nigeria, the West African country’s largest mobile-phone business.

Describing itself as a black-owned and managed investment holding company, Shanduka (Sandton, South Africa) has acquired the stake from three private investors but not disclosed how much of MTN Nigeria it now owns.

The operator is majority owned by South Africa’s MTN Group (Johannesburg, South Africa), which holds a 78.83% stake in the company.

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