In a recent financial stability review, the South African Reserve Bank (SARB) noted that the $10 billion debt which Nigeria claims to be owed by MTN represents a risk to South Africa’s economy.
In a recent financial stability review, the South African Reserve Bank (SARB) noted that the $10 billion debt which Nigeria claims to be owed by MTN represents a risk to South Africa’s economy.
Tata Sons has stepped up to pay the lion’s share of Tata Teleservices INR100 billion ($1.4 billion) debt to the Indian government, despite Bharti Airtel being formally obliged to do so.
The Philippines is a step closer to a third operator after a consortium of four companies cleared the first stage of the selection process.
Orange has ramped up its legal action against local shareholders in Iraq Telecom, the joint venture that it set up in 2011 together with Kuwaiti conglomerate Agility.
The government of Tanzania has claimed that Bharti Airtel’s proposed IPO of its African operations would be illegal as it was not consulted on the matter despite holding a 40% stake in Airtel Tanzania.
After participating in Thailand’s latest 900MHz spectrum auction as the sole bidder, dtac has obtained a 10MHz block for THB38.06 billion ($1.15 billion).
Bharti Airtel’s profit and revenue declined for another consecutive quarter in Q2, with its Indian sales and subscriber numbers falling.
Despite the various issues it faces in the country, Nigeria was a high earning market for MTN Group in its latest quarterly report.
The Supreme Court of India has ruled in favour of extending RCom’s deadline to repay its INR5.5 billion ($74.8 million) debt to Ericsson.
Thailand’s number three dtac has confirmed that it will bid for 900MHz spectrum in the upcoming auctions, making it the only operator to do so.
Teleology Holdings has emerged as the winning bidder for Uganda Telecom, the country’s state-owned operator.
Six companies have obtained the required documents to bid on the Philippines’ much-anticipated third mobile licence.
New Indian market leader Vodafone Idea is launching a legal challenge against the INR33 billion ($444 million) guarantee demanded by the Indian government as a condition for approving the operator’s creation.
Veon has revoked its offer to acquire GTH (Global Telecom Holding)’s assets in Pakistan and Bangladesh.
Beleaguered Indian operator Reliance Communications has blamed the country’s Department of Telecommunications (DoT) for the renewed legal action that it now faces from Ericsson.
MTN’s woes in Nigeria could get even worse after the country’s Central Bank indicated that the operator would owe interest on the $8.1 billion that it is accused of illegally repatriating.
Is the creation of the largest mobile operator in the Balkans about to be announced?
The news that India’s Department of Telecoms is to open an investigation into alleged historic under-reporting of revenues in India’s telecoms sector could hardly have come at a worse time for operators in the country.
Will the MTN IPO in Nigeria go ahead? Or could it be scuppered due to an ongoing row with government about allegedly unpaid tax and money the authorities claim was illegally taken out of the country?
Telia’s mooted sale of its majority stake in Kcell to fixed-line provider Kazakhtelecom has been abandoned after the two parties failed to agree on a price.
After being linked last week to a possible bid for Nextel Brazil, Telecom Italia has confirmed that its board is considering its investment strategy, which could include divesting non-core assets.
Telefonica is considering selling off some or all of its Mexican and Central American businesses as a debt reduction measure.
Axiata’s tower unit Edotco has stated its goal of strengthening its position in its current markets via two or three acquisitions across the next year.
India’s Department of Telecommunications (DoT) is seeking permission from the Supreme Court to demand new bank guarantees of around INR330 billion ($4.5 billion) from the country’s mobile operators.
The assets of bankrupt Indian operator Aircel have attracted bids from several interested parties, including Bharti Airtel and Reliance Jio.
Telecom Italia is the latest company linked to a possible acquisition of Nextel Brazil.
Axiata’s tower subsidiary Edotco has been denied regulatory permission for its planned acquisition of 13,000 towers from Pakistan Mobile Communications (PMC) for $940 million, forcing it to abandon the deal.
MTN intends to continue its preparations for an IPO on its Nigerian unit despite the country’s government fining the group $10.1 billion.
The government of India has approved the state-owned operator BSNL’s request for a holding of 2.1GHz spectrum as it prepares to launch a commercial 4G offering next year.
MTN Group has hit another setback in Nigeria after the country’s government demanded that its local unit hand over $2 billion in unpaid back taxes.
Vodafone Group has formed a new partner market agreement with Telecom Argentina as part of an effort to strengthen its presence in Latin America.
Thai operator True has confirmed that it intends to challenge a THB94 billion ($2.9 billion) fine that it has been issued by a tribunal relating to a dispute with rival operator TOT back in 2005.
Ahead of their now completed merger, Vodafone India and Idea Cellular reportedly reduced their combined workforce by nearly a third.
Thai operator dtac could launch a legal challenge against the country’s regulator if it is prevented from using the 850MHz spectrum band following the expiration of its concession with CAT Telecom on 15th September.