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America Movil aborts deal to acquire Telefonica's El Salvador unit

2020-09-04 09:20:00| Telecompaper Headlines

(Telecompaper) America Movil has announced the termination of its deal to acquire 99.3 percent of Telefonica's Movistar El Salvador unit due to the strict anti-trust conditions imposed by the country's competition watchdog. The decision is by mutual agreement and comes "after careful consideration by both parties of the conditions to obtaining regulatory approval established by the Superintendencia de Competencia in their recent ruling on the proposed transaction," said the Mexican telecommunications giant in a statement.

Tags: america unit deal salvador

Xerox aborts $6.1bn sale to Japan's Fujifilm

2018-05-14 06:56:24| BBC News | Business | UK Edition

Xerox abandoned the deal after reaching an agreement with activist investors who opposed the merger.

Tags: sale xerox fujifilm japans

Telkom aborts TeleGuam acquisition

2016-06-02 21:52:00| Telecompaper Headlines

(Telecompaper) Indonesian operator Telekomunikasi Indonesia (Telkom) has announced it will terminate its agreement to acquire shares in AP TeleGuam from Japanese private equity company Advantage Partners, the Nikkei reports. According to a Telkom spokesperson, the decision follows the company's failure to obtain approval from US regulators. The transaction was first announced in June 2015. According to a Telkom stock exchange filing, the termination of the deal will have no impact on the Indonesian company's operational activities or financial condition.

Tags: acquisition telkom aborts teleguam

Egypt aborts UK's plan to resume services to Sharm el-Sheikh airport

2015-11-06 01:00:00| Airport Technology

The Egyptian authorities cancelled the UK flights from landing at Sharm el-Sheikh Airport, aborting the efforts to transport stranded British citizens back to their country.

Tags: services plan resume airport