Financials
Financials
Spitfire Capital buys $28m stake in GTT Communications
Spitfire Capital now holds a total of 1,364,832 shares of GTT, valued at $28m, which makes 11.91% of Spitfire’s portfolio.
At the same time the Teacher Retirement System of Texas also boosted its stake in GTT in the latest quarter...
Financials
Telekom Malaysia to spend $390m on mobile unit
Telekom Malaysia is planning to spend the equivalent of $390 million on its 4G mobile operation, which it launched in August under the name Webe.
The company first invested in a 55% stake in the operator, then a fixed wireless...
Financials
MTN launches new R9.9 billion BEE transaction called MTN Zakhele Futhi, as MTN Zakhele unwinds
MTN is committed to the fundamentals of transformation and empowerment in South Africa, to enable historically disadvantaged individuals and groups to participate in the economic mainstream, and more specifically to give them equity ownership in the company.
Accordingly, the...
Equipment
Lava International plans to commission new projects by 2018
Mobile phone maker Lava International Ltd is hoping to complete its proposed new plant projects by 2018 while commissioning its design centre by the end of 2017
"We are looking at 2018 to commission our new plants. Meanwhile by...
Financials
AT&T to Announces Second-Quarter 2016 Earnings
AT&T announced that the company’s second-quarter 2016 results will be released after the New York Stock Exchange closes on Thursday, July 21, 2016. At 4:30 p.m. ET the same day, AT&T will host a conference call to discuss the...
Financials
Telia Company Sells Spanish Unit Yoigo To Masmovil To Refocus On Nordics
Telia Company has agreed to sell its 76.6 percent holding in the Spanish operator Yoigo to Masmovil, one of the leading mobile operators in Spain.
The transaction price is based on an enterprise value for Yoigo of EUR 625 million,...
Financials
Nokia plans to expand its footprint in the cable market by acquiring Gainspeed
Nokia announced plans to acquire Gainspeed, a US-based start-up specializing in DAA (Distributed Access Architecture) solutions for the cable industry via its Virtual CCAP (Converged Cable Access Platform) product line.
Gainspeed is widely regarded as the industry leader in...
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