Midweek Mergers: July 23

Midweek Mergers: July 23

Capacity brings you the latest mergers and acquisitions in the wholesale arena. If you have any deals you'd like us to share, please tweet us @capacitymag or email editorial@capacitymedia.com.

Deal of the week

Wireless player KDDI and financial firm Sumitomo Corp are partnering with Myanmar’s state-owned telecoms company MPT to invest approximately $2 billion in the country over the next decade. [read more]

Midweek Mergers

Vodafone and Greek business partner Wind have reportedly made a bid for the country’s largest subscription television provider, Forthnet. [read more]

Telekom Slovenia has acquired Bosnian telecoms firm Telrad Net in a bid to expand its business in the country. [read more]

Technology firm Microsoft is set to axe 18,000 jobs, representing the largest cuts to its workforce since it was founded 39 years ago. [read more]

Telefónica is decreasing its stake in Telecom Italia via the sale of bonds that can be exchanged into shares in the Italian company. [read more]

Asset management company Carlyle Group has acquired a majority stake in Netherlands-based Expereo. [read more]

International Investments

Vodafone is unlikely to acquire any telecoms assets in Mexico, CEO Vittorio Colao has said. [read more]

Norway’s Telenor has increased its full-year margin guidance after reporting second quarter earnings that were in line with the company’s expectations. [read more]

TeliaSonera has reportedly cut its sales outlook in Spain for the rest of the year, citing lower revenues in the country. [read more]

Orange has revealed that it has signed the construction and maintenance agreement for the SEA-ME-WE 5 cable, joining a number of other operators including PCCW Global and Etisalat. [read more]

Level 3 has announced plans to expand its executive team by integrating two tw telecom executives, following its acquisition of the company last month. [read more]