Deal of the week
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| CityFibre, a company building fibre networks in a number of UK cities, has bought Kcom’s UK-wide network infrastructure for £90 million. [read more] |
Midweek Mergers
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| Saudi Telecom (STC) has received approval from Kuwait’s regulator, Capital Markets Authority (CMA), to acquire all the shares of its Kuwaiti affiliate Viva. [read more] |
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| The Bouygues construction and real estate group is set to take a 15% stake in Orange as part of a deal to merge Bouygues Telecom with the French incumbent operator. [read more] |
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| Serbian officials have rejected all bids for a majority stake in its national telecoms company, Telekom Srbija, claiming that the offers it received were too low. [read more] |
International Investments
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| Egypt’s president, Abdel-Fattah Al-Sisi, says the state plans to double its investment in the telecommunications sector. [read more] |
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| Taiwan has raised a total of $855 million (TWD 27.9 billion) in its auction of spectrum in the 2.6GHz band after 140 rounds of bidding. [read more] |
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| O3b Networks has closed $460 million in incremental financing to expand its constellation. [read more] |
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| The government of Myanmar has given telecoms operators until Friday December 18 to show interest in taking part in the country’s fourth mobile licence. [read more] |
