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Telia, Turkcell agree sale of Kcell to Kazakhtelecom

2018-12-12 10:39:00| Telecompaper Headlines

(Telecompaper) Telia Company has confirmed the sale of Kazakhstan mobile operator Kcell, which it jointly owns with Turkcell, to state-controlled operator Kazakhtelecom. The fixed operator will pay USD 446 million for the 75 percent stake. 

Tags: sale agree telia turkcell

Category:Telecommunications

Releasing mmWave 5G spectrum could raise USD 565 bln - GSMA

2018-12-12 10:17:00| Telecompaper Headlines

(Telecompaper) Releasing ultra-short-wave mobile spectrum could add USD 565 billion to global GDP and USD 152 billion in tax revenue from 2020 to 2034, according to a study conducted by TMG for mobile industry association GSMA. The move would also improve access to healthcare, education and mobility whilst reducing pollution and increasing safety, said the report, adding that such outcomes rely on government support for the identification of sufficient millimetre wave (mmWave) spectrum for the mobile industry at the next ITU World Radiocommunication Conference in 2019 (WRC-19).

Tags: usd raise spectrum releasing

Category:Telecommunications

EU opens in-depth investigation into Vodafone takeover of Liberty Global cable assets

2018-12-12 09:22:00| Telecompaper Headlines

(Telecompaper) The European Commission announced the opening of an in-depth investigation into Vodafone's planned takeover of Liberty Global's cable assets in Germany, Czechia, Hungary and Romania. The merger could reduce competition in particular in Germany and Czech Republic, the Commission said in a statement. 

Tags: global cable investigation assets

Category:Telecommunications

Huawei CFO released on CAD 10 million bail

2018-12-12 08:44:00| Telecompaper Headlines

(Telecompaper) Huawei's CFO Meng Wanzhou has been released from arrest in Canada after agreeing to post CAD 10 million bail after three days of hearings, the CBC reports. She must remain at a home owned by her husband in Vancouver and in the province of British Colombia while the court decides on a US extradition request for Meng to face fraud charges.

Tags: million released cad bail

Category:Telecommunications

Tencent Music prices IPO at low end of range, raising USD 1.1 bln

2018-12-12 08:36:00| Telecompaper Headlines

(Telecompaper) Tencent Music has priced its initial public offering of shares at USD 13 per ADS, the low end of its indicated range. This results in gross proceeds of USD 1.066 billion from the sale of 82 million ADS in the IPO, excluding any greenshoe option.

Tags: end music low range

Category:Telecommunications

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