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Tag: mobile business
LG confirms exit from mobile phone business, to shut down b 31 July
2021-04-06 08:26:00| Telecompaper Headlines
(Telecompaper) LG Electronics has confirmed it's exiting the mobile phone business. The decision to stop making phones was approved by its board of directors.
Tags: business
phone
july
mobile
Airtel Africa sells stake in mobile money business to TPG's Rise Fund
2021-03-18 09:08:00| Telecompaper Headlines
(Telecompaper) Airtel Africa announced the signing of an agreement under which The Rise Fund, the global impact investing platform of TPG, will invest USD 200 million in Airtel Mobile Commerce...
Tags: business
money
mobile
africa
Nokia targets breakeven in mobile business in 2021, expansion in open RAN, cloud software
2020-12-16 08:59:00| Telecompaper Headlines
(Telecompaper) Nokia is providing a mid-term update on its strategy. At a meeting with analysts the company will discuss the strategy for its four new divisions first announced in later October. More detailed targets will be presented at another analyst meeting 18 March.
Tags: business
software
open
mobile
TIM, Telefonica and Claro update bid for Oi's mobile business to BRL 16.5 billion
2020-07-28 08:32:00| Telecompaper Headlines
(Telecompaper) TIM Brasil, Claro and Telefonica Brasil have submitted an updated binding bid for the acquisition of Oi's mobile assets worth BRL 16.5 billion (EUR 2.73 billion). The offer also envisages long-term agreements to use Oi's infrastructure. The bid is subject to the companies being named the 'stalking horse' in the bidding, which gives them the right to match or improve on any higher offers received by Oi.
Tags: business
mobile
update
bid
Tata settles $7.3bn dues to complete mobile business sell off
2019-07-08 02:00:00| Total Telecom industry news
Indian conglomerate, Tata Group, has paid off $7.3 billion worth of dues, in order to complete the sale of its mobile phone business to Bharti Airtel. The deal was originally announced two years ago but has been held up over outstanding payments to India's Department of Telecoms…read more on TotalTele.com »
Tags: business
complete
mobile
sell