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Tag: telecom
UPDATE 1-S.Korea's KT hires banks for Maroc Telecom bid-sources
2013-02-04 21:28:05| Telecom - Topix.net
South Korean telecoms company KT Corp has lined up three banks to advise on its potential bid for Vivendi's 53 percent stake in Maroc Telecom, worth about 5.5 billion euros, two people familiar with the situation told Reuters.
Tags: update
banks
telecom
maroc
Europe Snub of 4G Prices Leaves France Telecom Behind AT&T: Tech
2013-02-04 11:19:02| Telecom - Topix.net
Europe's wireless carriers are falling behind their U.S. rivals in efforts to boost tariffs as they introduce faster service, with price cuts in France and Britain indicating phone bills will shrink further.
Tags: france
prices
europe
tech
Tech, telecom giants take sides as FCC proposes large public WiFi networks
2013-02-04 05:50:17| Wireless - Topix.net
The federal government wants to create super WiFi networks across the nation, so powerful and broad in reach that consumers could use them to make calls or surf the Internet without paying a cellphone bill every month.
Tags: public
large
tech
networks
Singtel to sell stake in Warid Telecom
2013-01-29 14:27:00| Telecompaper Headlines
(Telecompaper) Singtel has agreed to sell its 30 percent stake in the Pakistani operator Warid Telecom to the Abu Dhabi Group. This gives the latter 100 percent of Warid's shares. Singtel will receive USD 150 million plus a 7.5 percent share of the net proceeds from any future sale, public offering or merger of Warid. The cash consideration is payable in several tranches up to the third anniversary after completion of the deal. Closing is dependent on a number of conditions still, including approval from Warid's lenders. Singtel previously provided a guarantee of USD 90 million and equity undertaking of USD 51 million for a credit facility provided to Warid. After selling its stake in Warid, it will no longer be subject to these obligations. Singtel expects to book a loss of SGD 230 million on the sale.
Tags: sell
telecom
stake
singtel
Altech sells East African assets to Liquid Telecom
2013-01-29 11:42:00| Telecompaper Headlines
(Telecompaper) Liquid Telecom has announced a deal to acquire the East African telecom assets of the Altech Group, including Altech's 61 percent stake in Kenya Data Networks (KDN). The deal, under which South Africa-based Altech becomes a minority shareholder in Liquid with a stake of 8.6 percent, creates a single fibre network spanning Kenya, Uganda, Rwanda, Zambia, Zimbabwe, Botswana, DRC, Lesotho and South Africa. Liquid Telecom claims to have built the largest fibre network in Southern Africa and Central Africa. Altech will contribute its majority interests in Altech East Africa on a debt- and cash-free basis, as well as pay USD 16.5 million for new shares in Liquid. This gives it an initial 8.6 percent equity stake in the company, with shareholder voting rights of 10 percent. Altech will also have one seat on the Liquid board, as long as it holds at least 5 percent in the company.
Tags: east
african
assets
liquid
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