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Telia sells another 7% stake in Turkcell

2017-09-18 17:18:00| Telecompaper Headlines

(Telecompaper) Telia is selling a 7 percent stake in Turkcell, reducing its holding to 24 percent in the Turkish mobile operator. The sale of 153.5 million shares is taking place through an accelerated bookbuilding offering to institutional investors.

Tags: in sells stake telia


Google launches Tez digital payment service for India

2017-09-18 10:57:00| Telecompaper Headlines

(Telecompaper) Google has introduced a digital payment app dubbed 'Tez' for India. Tez service users will be able to send money, instantly receive payments directly to their bank account, and make payments. Money transfers with Tez are made using NPCI's (National Payments Corporation of India) Unified Payments Interface (UPI).

Tags: service google digital india


Swiss investor Palmarium acquires MVNO Lebara

2017-09-18 07:39:00| Telecompaper Headlines

(Telecompaper) Palmarium, through its subsidiary Vieo, has acquired European MVNO Lebara Group. The founders of Lebara will leave the company. The new leadership team will be led by Graeme Oxby as CEO. Oxby was most recently MD of Liberty Global's European mobile business and previously worked at Virgin Media.

Tags: investor swiss acquires mvno


Veon lowers FY profit forecast on strong devaluation of Uzbek currency

2017-09-15 16:05:00| Telecompaper Headlines

(Telecompaper) Veon expects annualised decreases in revenues of USD 300-350 million and in underlying EBITDA of USD 175-225 million. Based on 2016 total annual revenues of USD 9 billion and underlying EBITDA of USD 3.6 billion, the impact represents 3.5 percent of revenues and 5.5 percent of underlying EBITDA. The group's net debt/underlying EBITDA ratio is expected to immediately increase by 0.1x and net assets are expected to decrease by USD 485 million. 


Rovio sets IPO price range, plans market cap of almost EUR 900 million

2017-09-15 09:49:00| Telecompaper Headlines

(Telecompaper) Rovio, the Finnish maker of the 'Angry Birds' game, has set the price range for its initial public offering of shares at EUR 10.25-11.50 per share. If confirmed, this would give the company a market capitalisation of almost EUR 900 million. 

Tags: price range market eur


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