Financials
Financials
TeliaSonera has acquired 85.6% of TEO
TeliaSonera, who launched a voluntary takeover bid to acquire all the outstanding shares in TEO LT, continues to purchase shares through open market transactions. As of June 25 TeliaSonera now holds 85.6 per cent of TEO LT. The...
Financials
America Movil raises stake in KPN to 7.3%
Mexican telco bought more shares in four separate transactions. Mexican mobile giant America Movil late Monday said it has further increased its stake in Dutch telecommunications firm Royal KPN NV to 7.3%.America Movil, controlled by billionaire Carlos Slim,...
Financials
Telefonica to sell 4.56% China Unicom stake to parent
€1.13 billion deal will see Spanish incumbent lower its holding to 5.01%. Telefonica SA said Sunday it has agreed to sell a 4.56% stake in China Unicom (Hong Kong) Limited to China United Network Communications Group Co. Ltd...
Financials
Crest Financial reports 5.9% stake in Clearwire
Crest Financial Ltd. reported a 5.9% stake in Clearwire Corp., making it one of the telecommunications company's largest shareholders, and said it seeks to discuss the possibility of adding members to the company's board. In a filing with...
Financials
Berg Insight releases summary of mobile operator M2M subscriber data for Q1-2012
New market data from Berg Insight shows a sustained strong momentum for wireless M2M communication in the beginning of 2012. According to figures disclosed by leading global mobile operators, the number of machines using cellular communication continues to grow...
Financials
Defying sluggish global trend, Q1 mobile sales grow 16% in MEA
Defying signs of a global slowdown, sales of mobile devices in the Middle East and Africa rose 16% in the first quarter, fueled a growing appetite for smartphones, while embattled Nokia Corp. remains the region's top handset vendor, according...
Financials
Tencent Q1 net profit up 2.8%
Chinese online game and messaging company Tencent Holdings Ltd. said Wednesday its first-quarter net profit rose 2.8% from a year earlier, driven by higher revenue from online advertising and gaming. The blue-chip company said its net profit for...
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