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Globe Telecom board approved additional capex of US$100 mln

Friday, 22 Sep 2017 03:42am EDT

Sept 22 (Reuters) - Globe Telecom Inc :Board approved additional in-year cash capital expenditure of US$100 million for the expansion of its mobile data network.

MGM Wireless clarifies on media reports on new smartwatch

Friday, 22 Sep 2017 12:26am EDT

Sept 22 (Reuters) - MGM Wireless Ltd :New smartwatch 'Spacetalk' - clarification of media reports.Notes media reports saying co expects to sell 10,000 - 20,000 Spacetalk watches in coming year, doubling revenue."Company has not made any forecasted sales for Spacetalk".

Idea Cellular says proposed MTC reduction by TRAI a "body blow" to all operators

Thursday, 21 Sep 2017 08:29am EDT

Sept 21 (Reuters) - Idea Cellular Ltd ::Says "proposed reduction by the TRAI in the mobile termination charge (MTC) is a body blow to all operators".Says TRAI decision "will negatively impact the already stressed financial health of the sector"‍​.Says "expects that the TRAI decision will be recalled".

Telenor East Holding II offers for sale 90,000,000 common shares

Thursday, 21 Sep 2017 05:05am EDT

Sept 21 (Reuters) - VEON LTD ::ANNOUNCED ON WEDNESDAY THAT TELENOR EAST HOLDING II AS OFFERS FOR SALE 90,000,000 COMMON SHARES .COMMON SHARES TO BE IN FORM OF AMERICAN DEPOSITARY SHARES LISTED ON THE NASDAQ GLOBAL SELECT MARKET AND COMMON SHARES LISTED ON EURONEXT AMSTERDAM.OFFERING REPRESENTS 5.1 PCT OF VEON’S TOTAL OUTSTANDING EQUITY.FOLLOWING COMPLETION OF OFFERING, TELENOR IS EXPECTED TO HOLD 14.6 PCT OF VEON’S TOTAL OUTSTANDING EQUITY.

Telenor to complete the divestment of its interests in Veon

Wednesday, 20 Sep 2017 04:09pm EDT

Sept 20 (Reuters) - Telenor Asa :Telenor to complete the divestment of its interests in Veon.Commenced an offering of 90 million of common shares in Veon Ltd in form of common shares listed on Euronext Amsterdam and ADSs.Says price at which Telenor will sell common shares and ADSs has not yet been determined.Currently owns approximately 346.7 million ADSs, which represents 19.7 per cent of Veon's total outstanding common shares.

Telenor to complete the divestment of its interests in Veon

Wednesday, 20 Sep 2017 04:09pm EDT

Sept 20 (Reuters) - Telenor Asa :Telenor to complete the divestment of its interests in Veon.Commenced an offering of 90 million of common shares in Veon Ltd in form of common shares listed on Euronext Amsterdam and ADSs.Says price at which Telenor will sell common shares and ADSs has not yet been determined.Currently owns approximately 346.7 million ADSs, which represents 19.7 per cent of Veon's total outstanding common shares.

Telekom Austria says to gradually roll out brand 'A1' throughout group

Wednesday, 20 Sep 2017 06:17am EDT

Sept 20 (Reuters) - TELEKOM AUSTRIA AG ::SAYS HAS DECIDED TO HARMONISE ITS BRANDS WITHIN GROUP AND TO ROLL OUT BRAND 'A1' THROUGHOUT GROUP IN A GRADUAL MANNER.‍THIS WILL TRIGGER AN AMORTISATION OF LOCAL BRAND VALUES WHICH AMOUNT AS OF YEAR- END 2016 TO APPROXIMATELY EUR 350 MN IN TOTAL​.SAYS THIS WILL TRIGGER AN AMORTISATION OF LOCAL BRAND VALUES WHICH AMOUNT AS OF YEAR- END 2016 TO APPROXIMATELY EUR 350 MN IN TOTAL.‍THIS WILL IMPACT TELEKOM AUSTRIA GROUP'S NET RESULT IN 2017, 2018 AND 2019​.SAYS COMPANIES WILL AMORTISE BRAND VALUES UNTIL PHASE-OUT OF OLD BRANDS.SAYS THIS WILL IMPACT TELEKOM AUSTRIA GROUP'S NET RESULT IN 2017, 2018 AND 2019.SAYS MORE THAN HALF OF IMPACT IS TO BE EXPECTED IN Q4 2017 AND IN Q1 2018.SAYS AMORTISATION IS NOT CASH- RELEVANT.

Reliance Communications welcomes reduction in IUC by TRAI‍​

Wednesday, 20 Sep 2017 03:32am EDT

Sept 20 (Reuters) - Reliance Communications Ltd ::Says "we welcome the reduction in IUC to 6 paise by TRAI"‍​.Says "with voice calling becoming free, TRAI's move will provide a level playing field".

Vodafone India says disappointed with TRAI's decision, considering options in response

Wednesday, 20 Sep 2017 01:03am EDT

Sept 20 (Reuters) - Vodafone India Ltd ::Disappointed with TRAI's decision and now considering our options in response to it.Says "this is yet another retrograde regulatory measure that will significantly benefit the new entrant alone".TRAI decision will have serious consequences for investment in rural coverage, undermining government's vision of digital India.

Vodafone India says disappointed with TRAI's decision, considering options in response

Wednesday, 20 Sep 2017 01:03am EDT

Sept 20 (Reuters) - Vodafone India Ltd ::Disappointed with TRAI's decision and now considering our options in response to it.Says "this is yet another retrograde regulatory measure that will significantly benefit the new entrant alone".TRAI decision will have serious consequences for investment in rural coverage, undermining government's vision of digital India.

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