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Telecom
and Financial News
Below are just a few of the
latest Telecom Finance news stories from T-Wire. T-Wire is a daily
email broadcast from Telecom
Finance offering an up to date briefing on the top telecom and
media stories hitting the headlines that day plus other stories bubbling
under that may not have been widely reported. To subscribe, visit
the T-Wire news
site and use the login facility. The stories below are from the
last week. For stories posted longer than a week, please view the
archives.
Vivo to acquire Telemig
Brazilian mobile operator Vivo Participacoes, has announced a BRL952.8m (US$596.5m) offer on the voting shares of compatriot Telemig.
Vivo's offer comprised 100% of Telemig's 6.2 million voting shares at BRL120.93 (US$76.08) apiece, in addition to the group's operating unit, Telemig Celular, for BRL2,100.93 (US$1,320.53) each.
Vivo, a joint venture between Portugal Telecom and Telefonica, last August agreed to pay BRL1.2bn (US$754.8m) for controlling stakes in Telemig and its operating unit. Vivo is now required by law to extend this offer to minority shareholders.
Vivo will buy the shares in auctions on August 15 on the Sao Paulo stock exchange.
Posted: 18/07/2008 |
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Fourth mobile operator in Hungary?
Telekom 4 plans to become the fourth mobile operator in Hungary, reports Realdeal.
CEO Peter Neuman was quoted saying that the company was considering launching Hungary's first MVNO or building its own network, either on its own or as part of a consortium.
Last month, Hungary's National Telecommunications Authority's chairman Daniel Pataki was quoted saying that the regulator was considering launching a tender to sell a fourth mobile licence in the near future in order to boost competition. . It should be noted that Hungary unsuccessfully tried to sell a fourth UMTS licence in 2004.
There currently three mobile operators in the country: Magyar Telekom's T-Mobile, Telenor's Pannon and Vodafone Magyarország
Posted: 18/07/2008 |
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Max Telecom seeks coverage expansion
Bulgarian WiMAX operator Max Telecom plans to invest E5m in 2008 to achieve a territorial coverage of 90% by the end of the year, Dnevnik reports.
The operator currently cover a third of the country, representing 2.5 million people.
Posted: 16/07/2008 |
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Cable & Wireless on track for growth
Cable & Wireless management has issued an interim statement, noting that trading is in line with expectations and group is set to achieve EBITDA targets.
The overall guidance figure of £702m-£725m is comprised of £447m-£455m for International and £285m-£295m for Europe, Asia & US.
Chairman Richard Lapthorne stated that both businesses have demonstrated strong performance, giving the board momentum to consider the next steps to deliver further value to shareholders.
C&W is widely expected to separate the two businesses, one or both of which would then be sold off to potential buyers.
Posted: 16/07/2008 |
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More sponsors join race for HKT stake
South Korean MBK Partners and Texas Pacific Group are the latest private equity majors to submit bids for 45% of HKT Group Holdings.
Hong Kong incumbent PCCW is due to merger its telecoms and media business into a single entity and sell a 45% stake.
This takes the number of known bidders to eight: Macquarie, Providence Equity Partners, Kohlberg Kravis Roberts, Blackstone, China Netcom and TPG Capital.
The company's current assets are estimated to be worth US$3.9bn and it has a market capitalisation of US$4.36bn.
PCCW has mandated UBS to act as financial adviser.
The fact that TPG and Macquarie had offered US$7bn for a controlling stake in PCCW in 2006 - a transaction vetoed by Beijing due to foreign ownership objections - puts them in pole position this time round.
PCCW, controlled by Hong Kong tycoon Richard Li, will shortlist bidders by next month before listing the new company at a later date.
Posted: 15/07/2008 |
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A dozen interested in Algerian 3G licences
A dozen companies expressed an interest in Algeria's 3G licences before the June 30 deadline, according to local reports.
Candidates are said to be French and Arabic in addition to the three existing mobile operators in the country. Orascom Telecom Algerie, which offers mobile services under the Djezzy brand, has already acknowledged its interested in the licence because it wants to develop banking and mobile payments services.
Algeria has yet to decide whether to offer the 3G licences to the three current GSM operators only or whether to allow new entrants.
In addition to OTA, Algerie Telecom and QTel's Nedjma are offering GSM services in Algeria.
Posted: 15/07/2008 |
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