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Siemens shops NSN stake to private equity firms - report

2013-06-17 08:53:00| Telecompaper Headlines

(Telecompaper) Siemens is sounding out private-equity firms about buying its 50 percent stake in Nokia Siemens Networks, people familiar with the matter told the Wall Street Journal. The German conglomerate has approached a number of buyout funds, including TPG, Blackstone and KKR, to gauge their interest in buying the stake. Another possibility, less likely, is a sale of Siemen's stake in the venture, the report said. Analysts say the entire NSN business, if it were public, could be worth more than EUR 7 billion including debt. Since April each partner in the joint venture is free to explore options for its stake without the risk of a veto from the other party. It was unclear how Nokia would view a possible sale of all or part of NSN to private-equity investors, but according to the WSJ, it is considering buying out Siemens' stake. Nokia has held discussions with Solidium, the Finnish sovereign-wealth fund, which could help it pay for such a deal, people familiar with the matter said.

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Public Mobile bought by private equity firms

2013-06-06 16:51:00| Telecompaper Headlines

(Telecompaper) Canadian mobile operator Public Mobile has announced its acquisition by Thomvest Seed Capital, the Canada-based investment vehicle of Peter J. Thomson, and Cartesian Capital, a US-based private equity firm. With the acquisition, Thomvest and Cartesian invested the first tranche of a commitment to fully fund Public Mobile to a cash flow positive position, and Thomvest became the company's controlling shareholder. Further financial details were not released. Public Mobile is the latest of the new entrants that won spectrum in 2008 to seek new owners after failing to break through on the Canadian market. Mobilicity agreed to be acquired by the operator Telus, while Vimpelcom is reportedly seeking a buyer for Wind Mobile.

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Private equity firms buy Public Mobile, say they're ready to play role in market

2013-06-06 16:29:09| Wireless - Topix.net

Two private-equity firms have acquired Public Mobile - one of the small wireless networks that emerged after the 2008 spectrum auction - and say they're ready to play a role in efforts to create a rival to the Big Three carriers.

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Private equity firms eye bids for Optus - report

2013-05-29 11:06:00| Telecompaper Headlines

(Telecompaper) Private equity companies Carlyle Group and KKR are among those lining up bids for SingTel's Australian subsidiary Optus Satellite, reports Reuters citing unnamed people familiar with the matter. Optus Satellite is valued at more than AUD 2 billion (USD 1.9 billion). SingTel is facing weak growth in its key markets of Singapore and Australia, and could use funds from a sale to invest in faster-growing businesses. The sources said that Blackstone Group, Eutelsat Communications and Providence Equity Partners are also expected to make bids, with SingTel understood to be inviting first round offers by 14 June. Optus sells TV, telephony and broadband services to more than 2 million subscribers in Australia and New Zealand.

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