Wireless Telecommunications Services

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Free2Move Holding says SEK 16.8 mln new share issue oversubscribed

Tuesday, 17 Nov 2015 02:15am EST

Free2Move Holding AB:New share issue subscribed to 112 pct.Issue provides company with proceeds of about 16.8 million Swedish crowns.

MTN Group Ltd - Nigeria stands by $5.2 bln fine for MTN - Reuters

Monday, 16 Nov 2015 04:52am EST

MTN Group Ltd:Nigeria is standing by a $5.2 billion fine imposed on MTN Group for failing to disconnect unregistered SIM cards though Monday's payment deadline may lapse while a company appeal is considered, Nigeria's telecoms regulator said - RTRS.The Nigerian Communications Commission (NCC) had given Africa's biggest mobile phone group until midnight (2300 GMT) on Monday to pay the penalty that has hammered MTN's MTNJ.J stock price and prompted the resignation of its chief executive - RTRS.NCC's spokesman Tony Ojobo said in a statement on Monday that the regulator was looking into MTN's plea for leniency but the fine remained because MTN has admitted to breaking the law - RTRS."The fine remains but the appeal and other engagements with MTN may affect the payment deadline," Ojobo said - RTRS.Nigeria has been pushing operators to verify the identity of their subscribers, concerned that unregistered SIM cards were being used for criminal activity in a country also fighting an insurgency by Islamist militant group Boko Haram - RTRS.MTN, which has asked former chief executive Phuthuma Nhleko to take charge for up to six months, has been in talks with high-ranking officials from the NCC and the Nigerian presidency for the past two weeks in a bid to reduce the fine. - RTRS.

Sprint Corp to create four regional hubs, cut jobs in overhaul - Bloomberg - Reuters

Friday, 13 Nov 2015 04:37pm EST

Sprint Corp:Sprint Corp. is creating four regional offices and eliminating some jobs to focus on service quality and customer retention in 19 major U.S. markets, part of Chief Executive Officer Marcelo Claure’s efforts to turn around the struggling wireless carrier - Bloomberg.The moves will help Overland Park, Kansas-based Sprint cut costs as Claure works to reverse a seven-year streak of subscriber losses - Bloomberg.Dave Tovar, a spokesman for Sprint, couldn’t say how many jobs would be eliminated - Bloomberg.The company is aiming to cut as much as $2.5 billion from its more than $20 billion in annual costs, and is looking in a range of areas, including roaming payments - the money it pays other carriers to handle calls outside the reach of its network - Bloomberg.

Speedcast International Ltd to acquire St Teleport's satellite service business

Thursday, 12 Nov 2015 06:33pm EST

Speedcast International Ltd:Acquisition of st teleport - investor presentation.Has entered into a definitive agreement to acquire st teleport's satellite services business for approximately D$18.5 mln.Says closing is expected to take place in Q1 2016 following regulatory approval.Says acquisition of the ST Teleport business is expected to be EPS accretive.Expects to fund the transaction from available cash and via the group's existing committed debt facilities.

SKI to issue year-end dividend for FY 2015

Wednesday, 11 Nov 2015 11:30pm EST

SKI Corp:To issue a year-end dividend of 15 yen per share to all the shareholders of record as of Sep. 30, for FY ended Sep. 2015.Payment date Dec. 18.Says latest dividend forecast was 10 yen per share.

Turkcell Iletisim Hizmetleri AS announces guidance for FY 2016 in line with analysts estimates

Monday, 9 Nov 2015 04:13am EST

Turkcell Iletisim Hizmetleri AS:Sees in FY 2016 Turkcell Group revenue growth target of 8 percent -10 percent.Sees in FY 2016 EBITDA margin target of 31-33 percent.Sees in FY 2016 operational capex (excluding license fees) over sales of around 20 percent are projected.Sees in 2016-2018 period Turkcell Group revenue CAGR of 10 percent -14 percent.Sees in 2016-2018 period Turkcell Group EBITDA margin of 32 percent -35 percent.FY 2016 revenue growth rate of 8.6 percent and EBITDA margin 31.7 percent- Thomson Reuters I/B/E/S Estimates.

SK Telecom amends transaction settlement date of acquiring stake in CJ HelloVision

Monday, 9 Nov 2015 03:49am EST

SK Telecom Co., Ltd:Amends transaction settlement date of acquiring 30 pct stake (23,234,060 shares) in CJ HelloVision.

WirelessGate updates acquisition of shares in Fon Wireless Limited's subsidiary

Sunday, 8 Nov 2015 06:35pm EST

WirelessGate Inc:Signed a MOW (Memorandum of Understanding) with Fon Wireless Limited, regarding the acquisition of shares (30 pct stake) in Fon Wireless Limited's subsidiary.Says transaction date on Nov. 9.


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