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Zain to buy Sudan's Canar for AED 350 mln
2016-05-02 14:20:00| Telecompaper Headlines
(Telecompaper) Zain Group has agreed to buy a 92.3 percent stake in Sudanese fixed-line operator Canar for AED 349.6 million cash from UAE-based Etisalat, implying a price per share of AED 17.50. The deal is still subject to approval from the Sudanese regulatory authorities. The deal would strengthen Zain's share in the Sudan market where it is already the biggest mobile operator by subscribers.
SFR to buy 49% of NextRadioTV for EUR 370 mln
2016-04-27 11:07:00| Telecompaper Headlines
(Telecompaper) French mobile and broadband operator Numericable-SFR has announced plans to buy parent company Altice's 49 percent stake in media company NextRadioTV in an operation valuing NextRadioTV at UDS 741 million. The move approved by SFR's board is a key part of SFR's ambition to become a cross-media publisher with a very diversified portfolio of premium brands, accelerating its deployment of "globally convergent telecom-media/content and advertising." Separately, AFP writes that SFR will launch five pay sports channels produced by NextRadioTV.
Nokia to buy mHealth devicemaker Withings for EUR 170 mln
2016-04-26 09:20:00| Telecompaper Headlines
(Telecompaper) Nokia is expanding in the healthcare market with the acquisition of Withings, a French provider of digital health products and services. Healthcare is expected to be one of the largest vertical markets in the Internet of Things, Nokia noted. In particular mobile health, with a CAGR of 37 percent, will be the fastest growing healthcare segment from 2015-2020. Withings' portfolio of regulated and unregulated products includes activity trackers, weighing scales, thermometers, blood pressure monitors, and home and baby monitors. These products work over a digital health platform that provides insights to empower people to make decisions about their health and wellbeing. Nokia will pay EUR 170 million cash for the company.
MasMovil offers EUR 550 mln for Yoigo - report
2016-04-25 10:31:00| Telecompaper Headlines
(Telecompaper) Spanish operator MasMovil has offered EUR 550 million to acquire the 77 percent stake in mobile operator Yoigo owned by Telia, reports El Confidencial. The last-minute offer comes after Zegona, the investment vehicle behind regional broadband provider Telecable, failed to secure funding in time to finalise its EUR 630 million bid to acquire the stake, according to the unnamed sources cited in the report. Zegona and Telia have been in exclusive talks since 18 March but the exclusivity period expired on 22 April, opening the way for MasMovil's final offer to acquire Spain's fourth largest mobile operator.
Mediaset fined EUR 51 mln over Italian football rights deal
2016-04-21 08:43:00| Telecompaper Headlines
(Telecompaper) Italy's anti-trust regulator AGCM has fined Mediaset Premium, Sky Italia, Infront Italy SRL and the Italian football league a total of EUR 66 million for alleged collusion in the acquisition of TV football rights. Mediaset received the highest fine amounting to EUR 51.4 million for breaching competition laws during the 2014 sale of football TV rights with a view to excluding new entrants. Sky Italia was fined around EUR 4 million, while the Italian football league and Infront Italy SRL, the agency that managed the auction, were fined some EUR 1.9 million and EUR 9 million respectively. In a statement, Mediaset pledged to appeal against the decision, which it described as completely unfounded and "based on a theory built on sand."
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