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IRELAND: Undisclosed third party enters Eircom restructure talks
Irish incumbent Eircom has been approached by an undisclosed third party to help restructure its E3.75bn (US$5.3m) of debt, the company revealed in a brief update....
POLAND: TK Telekom attracts five initial bids - report
Five companies have made initial bids to acquire TK Telekom, the telecoms unit of the Polish state-owned railway company, Reuters reported citing unnamed sources....
ITALY: Telecom Italia issues E250m bond
Italian incumbent Telecom Italia has issued E250m in notes maturing in 2017, according to media reports....
IRAQ: Asiacell secures US$24m ECA-backed loan
Iraqi mobile operator Asiacell has secured a US$24m medium-term facility with HSBC to finance equipment being supplied by European vendor Nokia Siemens Networks (NSN)....
PAKISTAN: PTCL mulls consolidation deal
Incumbent Pakistan Telecommunication Company (PTCL) is considering merging its mobile unit Ufone with another operator, CEO Walid Irshaid was quoted telling Bloomberg....
USA: Verizon issues US$4.6bn in notes
US telco Verizon Communications has issued US$4.6bn in three-year, five-year, 10-year and 30-year notes....
GLOBAL: Ericsson appoints executive VP
Swedish vendor Ericsson has appointed Magnus Mandersson, head of its global services business unit, to executive VP....
NEWZEALAND: TeamTalk considers telco acquisitions
New Zealand mobile radio company TeamTalk is looking to buy telecom businesses, managing director David Ware was quoted saying at the company's AGM....
USA: FCC creates US$4.5bn-a-year Connect America Fund
The FCC has voted to adopt a new US$4.5bn-a-year public subsidy programme, the "Connect America Fund", in order to spread broadband access to underserved parts of the US....
EUROPE: Sony to buy out Ericsson partner for E1.05bn
Japanese tech giant Sony has announced plans to buy Swedish partner Ericsson out of their 50/50 handset manufacturer JV Sony Ericsson for E1.05bn (US$1.476bn) in cash....
POLAND: TPSA denies TVN partnership talks
Polish telecoms incumbent TPSA is not in talks to join Vivendi's bid for Polish broadcaster TVN, Reuters reports citing the telco's CEO....
USA: Sprint Nextel projects financing needs of up to US$7bn
US mobile operator Sprint Nextel said that it will require US$5-7bn in financing over the next few years in order to cover the costs of its iPhone deployment and its network upgrade, known as "Network Vision"....
SARABIA: Zain Saudi Arabia unveils plans for US$1.6bn rights issue
Mobile operator Zain's Saudi subsidiary has announced plans to raise SAR 6bn (US$1.6bn) through a rights issue as part of a new capital restructuring programme....
NIGERIA: IHS raises US$52m equity
Nigeria-based mobile tower company IHS has received a US$52m investment from Africa-focused private equity firm Emerging Capital Partners (ECP) and South African investment management company Investec....
GLOBAL: Governance appointments at FT
France Telecom-Orange has appointed one CEO delegate and three deputy CEOs at the request of chairman and CEO Stephane Richard in a move to reinforce the company's corporate governance structure....
PHILIPPINES: Globe welcomes regulatory conditions on PLDT-Digitel deal
Number two player Globe Telecom has welcomed the divestment of 10 MHz 3G frequency by leading telco Philippine Long Distance Telephone (PLDT). The frequency disposal is part of the conditions imposed by the antitrust authority on PLDT's acquisition o...
SWEDEN: Com Hem close to SEK3.5bn bond - report
Swedish cableco Com Hem could price a SEK3.5bn (US$536m) high-yield bond by the end of the week, reported Reuters citing a source....
FRANCE: FT and Publicis plan VC fund
France Telecom and French advertising company Publicis have agreed to jointly set up a VC fund, Bloomberg reports quoting people with knowledge of the plan....
MEXICO: America Movil makes US$2.2bn bond offering
Mexico-based telecoms group America Movil is making a bond offering of E1bn of 4.125% notes due in 2019 and £500m of 5% senior notes maturing in 2026....
POLAND: Polkomtel seeks credit line
Polish mobile operator Polkomtel is in talks to sign a seven-year credit line, Telecompaper reports quoting local media PAP....