South Korea’s largest telco KT Corp announced on Friday its acquisition of Epsilon for $145 million from Malaysian conglomerate Kuok Group, framing the South Korean operator to be the dominant stakeholder in the Singapore-based communication firm. The acquisition’s terms gave KT’s partnership with Daishin Private Equity a 100 percent stake in Epsilon from Kuok Group. […]
Telecom
As Vodafone Idea descends deeper into its doom, India’s leading telco stock plunged on Wednesday over 5 percent in afternoon trading hours on Bombay Stock Exchange after the operator’s proposals to revive the telecom sector had been snubbed during a recent Cabinet meeting. Last month, the telco’s shares witnessed an 18 percent rise, reaching 31 […]
In a labyrinthine deal of swapping, selling, and buying shares, Japanese conglomerate Softbank Group Corp. dropped the curtain on what could be a crowned deal, as it plans to own segments of Deutsche Telecom by selling units of its T-Mobile U.S. Inc. shares to the German telco. Deutsche Telekom (DT) has finally revealed plans to […]
Saudi Arabia’s sovereign wealth fund proposed a non-binding offer to acquire a 60 percent stake in Kuwaiti-backed Zain’s KSA towers with various investors offering to buy another 20 percent, leaving the telco’s assets with an $807 million valuation, according to Zain KSA. The Public Investment Fund (PIF) offered a whopping $484 million for 60 percent […]
Vodafone Idea’s (VI) fate is now controlled by the Indian government as the impending demise could immensely affect telecommunication service rivals, stakeholders, and the government, resulting in catastrophic outcomes on the country’s telecom sector. India’s telecommunication sector is wielding its final strategies to push itself from the underlying financial concerns, with Aditya Birla Group’s subsidiary, […]
Arabian Internet and Communications Services Co. revealed plans of auctioning 24 million of its shares, trusting this move will raise $960 million in its initial public offering (IPO). The company, which is a subsidiary of Saudi Telekom Company (STC), will look to auction off the shares with prices ranging between $36.26 and $40.26 per share. […]
Under U.S. pretense that the Chinese telecom vendor Huawei could expose the Gulf to national security threats, United Arab Emirates (UAE) telco firms are urged by U.S. Lockheed Martin’s F-35 jets and drones’ sales deal to push Huawei from its 5G infrastructure contracts. The UAE has always held a fierce stance concerning its strong mobile […]
The Court of Justice in the European Union (CJEU) ruled on Thursday against German mobile operators Telekom Deutschland and Vodafone for violating domestic authorities’ bloc net neutrality and roaming regulations for their “Zero-rating” scheme, following national investigations. The EU ruling was based on the compatibility of services provided by the telcos, following limitations on bandwidth […]
The slow process of releasing Ethiopia’s telecom market has finally reached an end with the licensing of East Africa’s Safaricom-led Global Partnership for Ethiopia’s consortium, granting the company a seat at the table to empower the government’s telecom services. Ethiopia is one of the last two countries in Africa to augment its national telco services […]
Saudi Arabia’s Communications and Information Technology Commission (CITC) launched on Sunday “The Local Roaming” initiative with the Kingdom’s leading telco firms to maximize services within all regions, specifically in remote villages and desert areas. Zain’s statement revealed that the primal phase of The National Mobile Inter-Network Roaming initiative will be launched in the Asir area […]