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Four foreign firms bid to acquire 50% of NetOne - report

2018-08-14 09:29:00| Telecompaper Headlines

(Telecompaper) Four foreign firms, including a US-funded Lebanese consortium and a South African telecommunications giant, are jostling to acquire between 45 percent and 50 percent of Zimbabwe's NetOne, The Independent reported, citing sources. According to the newspaper, other suitors are an UAE-based firm and group of investors in the diaspora. Insiders with details of the deal say the potential investors had shown a willingness to clean up NetOne's balance sheet and inject fresh capital into the state-run entity.

Tags: report foreign bid firms


Turkey takes action in bid to curb currency crisis

2018-08-13 08:55:36| BBC News | Business | UK Edition

Investor fears over the collapse of the lira sends Asian stock markets lower on Monday.

Tags: action takes bid turkey


RCom offloads spectrum to Reliance Jio in a bid to cut debt

2018-08-13 02:00:00| Total Telecom industry news

Reliance Communications (RCom) is set to sell an additional 65 MHz of spectrum in the 800MHz band to Reliance Jio, according to reports in the Indian media. According to estimates published by the Economic Times of India…read more on TotalTele.com »

Tags: to cut bid debt


Arsenal: Shareholder Alisher Usmanov says he accepts rival Stan Kroenke's bid for club

2018-08-07 15:55:25| BBC News | Business | UK Edition

Arsenal shareholder Alisher Usmanov says he will accept rival Stan Kroenke's bid to buy him out for 550m and take full control of the club.

Tags: club bid accepts stan


Randa makes another takeover bid for Perry Ellis

2018-08-06 11:59:00| Daily apparel & textile news and comment - from just-style.com

US apparel business Perry Ellis International has received a higher takeover bid from privately-held Randa Accessories Leather Goods - a month after declaring the firm's first offer was not in the best interests of Perry Ellis shareholders.

Tags: makes bid perry ellis


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