Deal of the week
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| Vodafone has confirmed plans to invest up to $2 billion in a bid to buy out some minority shareholders in its Indian subsidiary. [read more] |
Midweek Mergers
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| China Mobile Pakistan, operating under the brand Zong, opted out of the battle to acquire Warid Telecom on the last day of bidding. [read more] |
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| A potential sale of Canadian company Allstream to Accelero Capital Holdings has been rejected by the Canadian government. [read more] |
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| Russian operator Rostelecom may acquire a unit of Bank Rossiya as part of its latest strategy to develop a banking services business. [read more] |
| The government of Nepal has agreed to allow state-owned Nepal Telecom (NT) to bring in a strategic partner. [read more] | |
| AT&T looks set to move forward with plans to acquire Europe’s Vodafone. [read more] |
International Investments
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| No newcomers will enter the Belgian telecoms market this year after the country’s regulator confirmed its three main mobile operators will bid for spectrum in its auction in November. [read more] |
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| French equipment vendor Alcatel-Lucent has said it will cut an estimated 10,000 jobs across the globe in a bid reduce its debt. [read more] |
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| Ooredoo is reportedly in talks with Telenor to share transmitter towers in Myanmar, to enable cost savings as the companies increase efforts to build mobile networks in the country. [read more] |