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Moody's says Bharti's acquisition of Telenor India is credit positive

2:02am EST

Moody's: Moody's: Bharti's acquisition of Telenor India is credit positive . Moody's - Expect that Bharti's profitability will remain under pressure . Moody's - Mobile market in India remains intensely competitive following Reliance Jio Infocomm Limited's launch in September 2016 .Moody's on India telecom sector - Expect intense price competition to persist over the next few quarters.

Bharti will not pay any cash for Telenor's India unit

Thursday, 23 Feb 2017 12:42am EST

Telenor said: Bharti Airtel will not make any cash payment for Telenor's India unit but takes on future pay commitments for spectrum and mobile phone towers, a Telenor spokesman said . Telenor's accumulated losses since entering India in 2008 have been about NOK 24 billion ($2.87 billion); no more losses triggered by Bharti deal Further company coverage: [TEL.OL][BRTI.NS] ($1 = 8.3505 Norwegian crowns) (Reporting By Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).

Bharti will not pay any cash for Telenor's India unit

Thursday, 23 Feb 2017 12:42am EST

Telenor said: Bharti Airtel will not make any cash payment for Telenor's India unit but takes on future pay commitments for spectrum and mobile phone towers, a Telenor spokesman said . Telenor's accumulated losses since entering India in 2008 have been about NOK 24 billion ($2.87 billion); no more losses triggered by Bharti deal Further company coverage: [TEL.OL][BRTI.NS] ($1 = 8.3505 Norwegian crowns) (Reporting By Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).

Reliance Communications says no merger talks have occurred with Tata Teleservices

Tuesday, 21 Feb 2017 01:15am EST

Reliance Communications Ltd : Reliance Communications clarifies on news item, "Tata Tele in early talks to join RCom Aircel MTS combine". .Says as on date, no such talks have occurred.

Osmozis signs first two contracts in Germany

Monday, 20 Feb 2017 12:26pm EST

Osmozis SAS : Osmozis signs first two contracts in Germany . Fourth country after France, Spain and Italy . The equipment of these two sites in internet broadband is a first step in the conquest of the German market .More than 300 new covered locations.

Lumos Networks enters deal to be acquired by EQT Infrastructure for $18.00/share

Monday, 20 Feb 2017 09:00am EST

Lumos Networks Corp : Lumos Networks enters into definitive agreement to be acquired by EQT Infrastructure . Deal for $18.00 per share . EQT Infrastructure to pay $18.00 per share in all-cash transaction . Deal for enterprise value of approximately $950 million . Wells Fargo Securities, Llc and Ubs Investment Bank served as co-financial advisors to Lumos Networks in connection with transaction . Under terms of agreement, EQT Infrastructure will acquire all of Lumos Networks' common stock .Says Morgan Stanley & Co. Llc acted as exclusive financial advisor to EQT Infrastructure.

Vimpelcom enters into multi-currency term and revolving facilities agreement of up to $2.25 bln

Friday, 17 Feb 2017 01:07am EST

Vimpelcom Ltd : Vimpelcom successfully enters into a multi-currency term and revolving facilities agreement of up to $2.25 billion with several international banks . Says TL/RCF will replace existing $1.8 billion revolving credit facility signed in 2014 . Says term facility has a five-year tenor and revolving credit facility has an initial tenor of three years .TL/RCF includes option to increase amount of facilities up to full $2.25 billion, which would consist of term facility of $562.5 million and revolving credit facility of $1.68 billion.

Vimpelcom enters into multi-currency term and revolving facilities agreement of up to $2.25 bln

Friday, 17 Feb 2017 01:07am EST

Vimpelcom Ltd : Vimpelcom successfully enters into a multi-currency term and revolving facilities agreement of up to $2.25 billion with several international banks . Says TL/RCF will replace existing $1.8 billion revolving credit facility signed in 2014 . Says term facility has a five-year tenor and revolving credit facility has an initial tenor of three years .TL/RCF includes option to increase amount of facilities up to full $2.25 billion, which would consist of term facility of $562.5 million and revolving credit facility of $1.68 billion.

Kuwait's Zain says Ministry of Electricity and Water awards contract worth 22 mln dinars to co

Saturday, 11 Feb 2017 11:57pm EST

Mobile Telecommunications Company Kscp : Ministry of Electricity and Water awards contract worth 22 million dinars to co Source:(http://bit.ly/2kjgtNV) Further company coverage: [ZAIN.KW] ((Bangalore.newsroom@thomsonreuters.com;)).

Eutelsat to buy a Viasat satellite, eyes higher sales at some key units

Thursday, 9 Feb 2017 02:30am EST

Eutelsat : CEO says company to buy a Viasat satellite in coming months . Expects higher Internet and mobile satellite sales, sees no negative impact at this stage from new U.S. government . Eutelsat had formed joint venture with Viasat in 2016 [nBw2HQwxSa] ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84; Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net)).

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