Industry Archives: Telecom


Leading Phone Operator MTS Gets OK to Buy Retailer Svyaznoy

Moscow Times October 10, 2014
MTS, Russia’s biggest mobile phone operator, on Thursday received the go-ahead to buy a 49 percent stake in major mobile phone retailer Svyaznoy, according to a statement on the Federal Anti-Monopoly Service’s website.

The agency simultaneously gave MTS permission to purchase a range of Svyaznoy subsidiaries engaged in logistics, insurance and more.
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KKR, Blackstone eye stake in Idea Cellular

Business Standard
Two top private equity players — Kohlberg Kravis Roberts (KKR) and Blackstone — have put in bids for a total of eight per cent stake in Idea Cellular, India’s third-largest telecom operator by users.

“The companies have put in bids at a decent premium to the prevailing stock price,” said an investment banker familiar with the developments. Shares of Idea on Wednesday closed at Rs 137.85 apiece, down 1.85 per cent from their previous close on the BSE.

While KKR India said it would not comment on the speculation, Blackstone and Idea did not respond to questionnaires sent by Business Standard on Monday.

Singapore’s state-owned investment company, Temasek, is also known to be looking to invest in a telecom company in India, though its involvement in the Idea deal could not be confirmed.

Idea is also trying to raise funds through a qualified institutional placement (QIP). It had come close to clinching a deal last September but that could not go through.

The company had taken an enabling resolution that it planned to raise as much as Rs 3,000 crore through QIP. Its largest investor, Malaysia’s telco Axiata, with a 19.9 per cent stake, has said it would invest as much as Rs 750 crore to maintain its stake in the company.
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Sigfox Raises $20.6 Million To Create A Global Cellular Network For Connected Objects

TechCrunch March 28, 2014
French startup Sigfox raised a Series B round of $20.6 million (€15 million) from IDInvest and BPIFrance. Existing investors (Elaia Partners, Partech Ventures, Ixo and Intel Capital) also participated. As a reminder, Sigfox wants to create an alternative cellular network specifically dedicated to connected objects.

Compared to traditional cellular networks, this network can cover a larger area and is very energy-efficient. Previously, the startup had raised $2.8 million (€2 million) and $13.7 million (€10 million).

The company wants to create a global network that uses the same protocol everywhere. This network can be used, for instance, to monitor parking spots, communicate if your bus is approaching and more. And if you develop smart parking spot devices, you only need to support one network. Finally, it will cost you the same to take advantage of this network in every country.

Sigfox already has a well-established network in France, and is working with local partners in Spain, Russia and the U.K. For example, in Spain, the company works with Abertis, a leading company when it comes to telecom infrastructure. By adding a layer to existing networks, Sigfox will be able to keep its costs down.
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Richard Branson’s Virgin Connect acquires telecom operator in Niznhy Novgorod

East-West Digital News
Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, announced today that it has acquired 100% of MegaMax, one of the leading B2B broadband and telecom operators in the Nizhny Novgorod region. Continue Reading →

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Telus says agrees to buy start-up Public Mobile

TORONTO, Oct 23 (Reuters) – Canadian telecom company Telus (T.TO) said on Wednesday it has agreed to buy 100 percent of struggling startup Public Mobile from private equity firm Cartesian Capital and Thomvest Seed Capital, a Toronto-based investment vehicle backed by Peter Thomson. Continue Reading →

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TPG pays Murdoch unit $214 million for Chinese media company stake

HONG KONG | Oct 19 (Reuters) – U.S. private equity firm TPG Capital TPG.UL will pay HK$1.66 billion ($213.73 million) for 21st Century Fox-controlled Star Entertainment’s remaining stake in a Chinese satellite television operator. Continue Reading →

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Russia’s VTB turns quick profit with Tele2 Russia deal

MOSCOW, Oct 17 (Reuters) – Russian bank VTB has agreed to sell 50 percent of Tele2 Russia, turning a quick profit and gaining investors with the expertise that could help it to challenge the dominance of Russia’s big three mobile phone operators. Continue Reading →

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Leading Telecom Systems Integrator in Argentina

The company was founded in 1985, and it now has an excellent reputation in the market and it is one of the leading players in its sector of the telecom industry. Continue Reading →

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RDIF, Deutsche to Buy $241M in Rostelecom Stock

Reuters MOSCOW, Sept 12
Russia’s state-backed private equity fund RDIF and Deutsche Bank will pay a maximum of $241 million for a 2.45 percent stake in telecoms operator Rostelecom Continue Reading →

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RLPC-Owners seek to merge, then list, Numericable and Completel

Reuters Aug 29 The private equity owners of French cable company Numericable and French telecoms group Completel are seeking to merge the two businesses ahead of a possible listing of the combined operation later this year Continue Reading →

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