Midweek Mergers: May 7

07 May 2014 | Sophie Donoghue


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


 

Etisalat is set to sell its operations in six West African countries to Maroc Telecom as it combines assets before completing its acquisition of the Moroccan operator. [read more]

 

Midweek Mergers


 

Nigerian operator Globacom is reportedly investing $100 million in upgrading its network across the country over the next six months. [read more]

Talks over Nokia’s potential acquisition of Alcatel-Lucent have reportedly been renewed, following the Finnish vendor’s sale of its mobile devices division. [read more]

Africa’s MTN Group has sold all of its mobile network towers in Rwanda and Zambia to independent infrastructure firm IHS Holding. [read more]

Millicom-owned Tigo Honduras will invest approximately $100 million in network upgrades this year. [read more]

 

International Investments


 

US smartphone chipmaker Qualcomm has announced plans to spin off location-based services subsidiary Retail Solutions as an independent company. [read more]

 

China Telecom, China Mobile and China Unicom are in talks to form a joint network-sharing venture. [read more]

 

Virgin Media could be set to sell off its non-cable broadband business in the UK and focus its strategy solely on providing high-speed internet. [read more]

The GSMA will collaborate with nine operators to launch interoperable mobile money services across Africa and the Middle East. [read more]