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MTN sells Cyprus unit to Monaco Telecom for EUR 260 mln
2018-07-16 11:01:00| Telecompaper Headlines
(Telecompaper) MTN Group has agreed to sell its Cyprus unit to Monaco Telecom for about EUR 260 million. MTN Cyprus is MTN's only operating business in the EU, and was acquired as part of MTN Group's acquisition of telecoms holding company Investcom in 2006. It falls outside the group's core footprint of Africa and the Middle East.
Nokia, China Mobile ink EUR 1 billion frame agreement
2018-07-11 08:03:00| Telecompaper Headlines
(Telecompaper) Nokia and China Mobile have signed a one-year frame agreement valued at up to EUR 1 billion for continued delivery of mobile, fixed, IP routing, optical transport, customer experience management services and operational support as well as services expertise throughout 2018. Under the terms of the agreement, Nokia will provide China Mobile with services to enable a next-generation network for cloud and machine communications. Nokia will provide additional elements of its mobile radio access and core portfolio in addition to fixed access, IP routing and optical transport, customer experience management.
Tags: china
mobile
eur
agreement
Netflix testing EUR 17 a month 'Ultra' tier in Europe
2018-07-04 09:28:00| Telecompaper Headlines
(Telecompaper) Netflix is testing a new higher tier of service called 'Ultra' in Europe, allowing subscribers to receive Ultra HD (UHD) video and audio streaming simultaneously on up to four devices, reports Italian website Tutto Android. The fourth tier is priced at EUR 16.99 a month and would join the company's three subscription plans Basic (EUR 7.99), Standard (EUR 10.99) and Premium (EUR 13.99).
CK Hutchison to acquire 100% of Italy's Wind Tre for EUR 2.45 bln
2018-07-03 08:44:00| Telecompaper Headlines
(Telecompaper) CK Hutchison said the deal to take over sole ownership Wind Tre will secure strong recurring earnings for the years ahead. Last year its original 50 percent stake in the Wind Tre business contributed over EUR 1 billion attributable EBITDA and over EUR 800 million attributable EBIT for the group. Veon, meanwhile, said it expected to book a net gain of some EUR 1.1 billion when the all-cash agreement completes and intends to use the proceeds to pay off debt and reduce its leverage ratio.
Telefonica secures La Liga rights for EUR 2.94 billion
2018-06-26 09:12:00| Telecompaper Headlines
(Telecompaper) Telefonica announced that it paid EUR 980 million a season for domestic TV rights to air live matches from La Liga over the next three seasons (2019-22). In a statement, the company said it paid over 5 percent less for the rights than in the previous three-year auction, allowing it to control the content broadcast on its Movistar+ pay-TV service and licence its La Liga channels to other operators.
Tags: rights
eur
billion
telefonica
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