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Zurich court rejects Salt injunction bid against Sunrise-UPC merger, calls hearing
2020-09-11 10:34:00| Telecompaper Headlines
(Telecompaper) Swiss operator Sunrise said that the Commercial Court of the Canton of Zurich has rejected an injunction application filed by Salt. Salt sought the injunction to restrain Freenet, the largest shareholder of Sunrise, the board and executive members of the company, from tendering their shares to UPC Switzerland. The Commercial Court has summoned Sunrise and Salt for an oral hearing over Salt's application on 14 September.
Key Masmovil shareholder accepts KKR, Cinven, Providence takeover bid
2020-09-10 09:26:00| Telecompaper Headlines
(Telecompaper) The third largest shareholder of Spanish operator Masmovil, the Indumenta Pueri holding of children's fashion brand Mayoral, has finally decided to accept the takeover bid by three US funds, said Masmovil in a filing at securities markets regulator CNMV. Mayoral's commercial director Rafael Dominguez had previously rejected the EUR 3 billion offer from KKR, Providence and Cinven as undervaluing the company but has now pledged to tender all of Indumenta Pueri's shares, said the filing. It currently has an 8.25 percent stake in the operator, with the holders of another 30 percent of the company previously committing to accept the EUR 22.50 a share offer.
Tags: key
bid
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providence
Saudi Telecom may reduce its $2.39bn bid for controlling stake of Vodafone Egypt
2020-09-08 02:00:00| Total Telecom industry news
Anonymous sources have reportedly revealed to Bloomberg that STC is looking to reduce its initial bid for a 55% stake in Vodafone Egypt, which was originally set at $2.39 billion. STC and Vodafone Egypt first signed the MoU back in January…read more on TotalTele.com »
Softbank exploring bid for TikTok operations in India - report
2020-09-04 14:52:00| Telecompaper Headlines
(Telecompaper) SoftBank said it is looking into making an offer for TikTok's Indian operations, together with a group of other bidders and local partners, Bloomberg reported, citing sources close to the matter. The investor has over the past few months held discussions with India's Reliance Jio Infocomm and Bharti Airtel. Talks fizzled, but Softbank is still exploring its options, the sources added.
Tags: report
india
operations
bid
ICASA to publish invitations to bid for high-demand spectrum and wireless open access network by 30 September
2020-09-04 10:04:00| Telecompaper Headlines
(Telecompaper) The Independent Communications Authority of South Africa (ICASA) has declared that the Invitation To Apply (ITA) for both the Wireless Open Access Network (WOAN) and the International Mobile Telecommunications (IMT) spectrum, also known as high-demand spectrum, will be published no later than 30 September.
Tags: september
open
access
network
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