Vodafone signs agreement to sell Vodafone Malta for €250 million

LONDON: Vodafone Group Plc has entered into an agreement to sell 100% of Vodafone Malta (VFML) to Monaco Telecom SAM for an enterprise value of €250 million, a notice issued to London Stock Exchange said on Thursday. Monaco Telecom has agreed to acquire VFML for a cash consideration equivalent to… Continue reading

Boku partners with global mobile telecom group to provide mobile identity verification

LONDON: Boku Inc., the world’s leading independent direct carrier commerce company, has entered into a partnership with a global mobile telecommunications group (The Partner) to provide mobile identity verification capabilities. As part of the agreement, Boku will integrate directly with the Partner’s global hub, enabling any of the Partner’s mobile… Continue reading

S&P places Bharti Airtel on CreditWatch Negative

SINGAPORE: S&P Global Ratings placed the ratings of Bharti Airtel on CreditWatch with negative implications to reflect a potential deterioration in Bharti Airtel’s credit metrics following an adverse court ruling. India’s Supreme Court ruled against the company in its dispute with DoT. “In our view, Bharti Airtel has negligible financial… Continue reading

Emirates Telecom (Etisalat) posts 3.14% growth in profits to AED 2.623 billion in Q1 2019

ABU DHABI: Emirates Telecom Group Company (Etisalat) has announced a net profit of AED 2.623 billion for the quarter ended March 31, 2019, up 3.14 percent compared with the profit of AED 2.543 billion in the corresponding quarter last year.[the_ad id=”31605″]The earnings per share (EPS) for the quarter under review… Continue reading

Singtel to subscribe to Bharti Airtel’s rights issue

SINGAPORE: Singtel has announced that it will subscribe to 170 million new shares in the INR 250 billion ($3.5 billion) rights issue by regional associate Bharti Airtel (Airtel) at an issue price of INR 220 per share, for a total consideration of INR 37.5 billion (approximately $525 million), representing the… Continue reading

Moody’s revises outlook for Singtel Optus and Optus Finance to negative

SYDNEY: Moody’s Investors Service (Moody’s) has revised the ratings outlook on Singtel Optus Pty Limited (Optus) and Optus Finance Pty Limited (Optus Finance) to negative from stable. At the same time, Moody’s has affirmed Optus’ A2 issuer rating, and Optus Finance’s BACKED Senior Unsecured MTN rating of (P)A2 and BACKED… Continue reading

PTCL returns to full year revenue growth for the first time since 2014

KARACHI: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the year ended December 31, 2018, at its Board of Directors’ meeting, held in Islamabad on February 12, 2019. PTCL Group’s revenue for the year 2018 has grown YoY by… Continue reading

Customs Intelligence seizes telecommunication equipment worth Rs91 million for mis-declaration

KARACHI: Directorate of Customs Intelligence Karachi on an information seized telecommunication equipment and accessories including energy storage units and accessories etc. imported by cellular companies including Telenor, Zong and PTCL. Details revealed that the seized goods were being cleared by mis-declaring the PCT and concealing the actual value from Appraisement… Continue reading

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