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Telecom Italia hoping to close Inwit sale this year - report

2015-09-29 09:42:00| Telecompaper Headlines

(Telecompaper) Telecom Italia is looking to close a sale or merger of its mobile-phone tower unit Inwit by the end of 2015, according to two unnamed sources cited by Reuters. The news comes after the company's board gave CEO Marco Patuano a mandate to explore the sale of Inwit, whose share value has risen sharply since Telecom Italia raised around EUR 780 million in June from an IPO of a 40 percent stake in the company. One of the sources said Telecom Italia was prepared to cede control of Inwit but wanted to keep a minority stake in the unit. Numerous sources have suggested that Spain's Cellnex Telecom and Italian infrastructure fund F2i are interested in Inwit, without other possible bidders including state-controlled RaiWay and Mediaset-owned EI Towers.

Tags: year report close sale

 

Liquid Telecom eyes 2016 IPO

2015-09-29 02:00:00| Total Telecom industry news

Founder Strive Masiyiwa reportedly turned down several multibillion-dollar offers.

Tags: eyes liquid telecom ipo

 
 

Comtech Telecom shares fall after earnings, sales decline

2015-09-29 01:40:30| Telecom - Topix.net

Comtech Telecommunications Corp. Monday posted declines in net sales and net income for the fourth quarter as higher sales of microwave amplifiers failed to offset declines in telecommunications transmission and mobile data communications. The Melville company reported a 31.5 percent decline in net income to $5.5 million for the quarter ended July 31, on a 13.3 percent decrease in net sales... Comtech Telecommunications Corp. Monday posted declines in net sales and net income for the fourth quarter as higher sales of microwave amplifiers failed to offset declines in telecommunications transmission and mobile data communications.

Tags: sales fall shares telecom

 

Ruckus Wireless and Equinox Telecom Transform the USS Midway Museum into Wireless Wonderland

2015-09-28 22:47:36| Wireless - Topix.net

The length of three football fields, the USS Midway, the longest-serving aircraft carrier of the twentieth century now docked in San Diego Bay, is as high as a 20-story building, weighing almost 70,000 tons with more than 200 exhibits, nine classrooms, shops and retail operations. The carrier contains 2,000 compartments.

Tags: wireless museum telecom transform

 

Liquid Telecom plans 2016 listing on European bourse

2015-09-28 09:31:00| Telecompaper Headlines

(Telecompaper) Econet Group founder Strive Masiyiwa says he is considering a separate listing in 2016 for subsidiary Liquid Telecom, a major operator of fibre and business satellite services in Africa. Masiyiwa, who is the Econet Group executive chairman, said the company had decided to opt to list Liquid after spurning several multi-billion dollar offers for it. He said Econet had received several unsolicited offers for Liquid, but it wants it to remain an independent access provider of internet in Africa, The Herald reported.

Tags: listing plans european liquid

 

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