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In A Surprising Move, Mexican Billionaire Carlos Slim To Sell Telecom ...
2014-07-09 18:38:38| Telecom - Topix.net
Amrica Mvil , Mexican billionaire Carlos Slim Hel's telecom giant, announced Tuesday that it was selling assets to comply with Mexico's new anti-trust telecom rules that forbid companies from controlling more than 50 % of market share.
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Airtel Africa to sell towers in 4 countries to Helios
2014-07-09 15:53:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel has agreed to sell about 3,100 telecoms towers Helios Towers Africa (HTA). Under the deal, Airtel will divest towers in four countries in Africa, expanding HTA's footprint to over 7,800 owned towers. The deal will help Airtel deleverage through debt reduction and reduce ongoing capital expenditure. Airtel will have full access to the towers from HTA under a long-term lease contract, while related personnel will transfer to Helios. The agreement is subject to statutory and regulatory approvals in the respective countries. No financial details were disclosed. HTA operates in Ghana, Tanzania and the Democratic Republic of Congo. Airtel, which operates in these three countries and a total 17 nations in Africa, did not say which four countries are covered by the deal.
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America Movil to sell assets to avoid Mexican regulation
2014-07-09 08:53:00| Telecompaper Headlines
(Telecompaper) America Movil announced plans to divest some of its assets in Mexico in order to avoid further regulation as a dominant operator. The company's Mexican subsidiaries Telmex and Telcel were designated "preponderant economic agents" earlier this year under reforms of Mexican telecom law. They are set to face further asymmetric regulation under another round of reforms going through congress. America Movil said it would sell certain assets in Mexico to a "new and solid carrier" independent from America Movil that has the experience and resources to develop the activities and "overcome the obstacle of the insufficient investment made by our Mexican competitors". The company did not say which assets are concerned or who the potential buyer could be, but said it expects to receive a commercial price for the activities. In addition, Telcel will spin off all its base station sites, including towers and related passive infrastructure, into a new company and open these up for use by competitors. In the fixed market, Telmex is waiving its option to acquire 51 percent of pay-TV provider Dish Mexico. However it will continue to work with Dish on distributing and supporting its services. Telmex noted the same support services, such as billing and equipment rental, are available to other carriers, including cable and satellite providers. The proposals remain subject to a number of approvals, including government and regulatory bodies and the company's own board and shareholders.
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Sobeys to sell former Safeway dairy operation to Agropur co-op for $356 million
2014-07-09 01:32:57| Grocery - Topix.net
Sobeys is selling its milk, yogurt and ice cream manufacturing operations in Western Canada for $356 million to Agropur, a Quebec-based dairy co-operative.
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dairy
AT&T says it will be the first carrier to sell LG smartwatch
2014-07-08 00:47:40| Telecom - Topix.net
AT&T Inc said on Monday it will be the first U.S. wireless carrier to sell LG Electronics' smartwatch, a wrist watch that connects to Android phones and answers voice commands, and goes on sale on July 11. The announcement comes as demand for wearable devices surges.
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