Daily telecommunications news for global communications professionals.
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Axiata and Sinar Mas discuss $3.45bn Indonesian merger 

News   The combination would reduce the number of mobile players in the market from four to three, creating an entity with roughly 100 million subscribers  Indonesian telco Axiata and conglomerate Sinar Mas have entered discussions to discuss a potential merger of their Indonesian telecommunications operations.  According to a stock exchange filing,...

Wed May 15, 2024 19:24
KKR preparing to soothe EU regulatory concerns over TIM’s NetCo

News A report suggests that the US-investment firm is preparing to file a number of concessions aimed at accelerating the approval process According to anonymous sources speaking to Bloomberg, KKR is preparing to present a raft of remedies to the European Commission in order to gain approval for its €22 billion acquisition of Telecom Italia (TIM)’s...

Wed May 15, 2024 18:25
Red Sea cable repairs delayed as Yemeni govt probes AAE-1 consortium

News The government will not grant repair ships access to the cables until the investigation is concluded This week, reports suggest that the Yemeni government has contacted members of the AAE-1 (Asia-Africa-Europe 1) submarine cable consortium, informing them that they are being probed with regard to ties to the nation’s Houthi rebels. The consortium,...

Wed May 15, 2024 16:56
FCC settles investigations into unauthorized undersea cables

Press Release LATAM Telecommunications and Puerto Rico Telephone Company will each pay a $1 million civil penalty and enter into a compliance plan News provided by: FCC Office of Media Relations This piece was originally published by our sister company Broadband Communities The FCC’s Enforcement Bureau today resolved two investigations into the...

Wed May 15, 2024 15:56
US mobile customers harmed by T-Mobile’s Sprint purchase according to report

News Rewheel figures show that T-Mobile’s purchase of Sprint has helped keep US mobile prices high According to a new report from Rewheel, T-Mobile’s acquisition of Sprint in 2020 has contributed to the exorbitant mobile prices in the US. “Five years on, the Sprint / T-Mobile 4-to-3 mobile merger made the US one of the most expensive mobile markets...

Wed May 15, 2024 15:26
Spanish regulators clear Zegona’s acquisition of Vodafone Spain  

News The deal was first confirmed last October  This week, Zegona’s acquisition of Vodafone Spain has received approval from Spanish regulators.  The Spanish government’s Council of Ministers has approved the deal “in respect of foreign direct investment into Spain,” said UK-based Zegona in a press release this morning.  Back in October, Vodafone...

Wed May 15, 2024 13:56

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