Wireless Telecommunications Services

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Telenor buys frequency in Hungary-Reuters

Monday, 29 Sep 2014 04:37am EDT

Telenor ASA:Hungary's telecommunications authority NMHH has sold mobile broadband frequencies to, among others, Norway's Telenor ASA-Reuters.The companies will pay a total of 130.6 billion forints ($530.25 million) for the frequencies, which can be used for 20 years to operate fourth-generation mobile broadband services.

MOKO Social Media Ltd signs term sheet to acquire 80 pct. of Tagroom.com

Sunday, 28 Sep 2014 08:53pm EDT

MOKO Social Media Ltd:Signs binding term sheet to acquire Tagroom.com.Consideration for deal will be combination of cash and shares in MKB, plus option based incentive package to be issued against agreed performance targets over two years.Consideration to be paid for acquisition will not have material impact on financial position or issued capital of MOKO and as such at request of vendors, it has been agreed to keep commercial terms of deal confidential.Transaction is effective as from Oct. 1.

China Motion Telecom International Ltd announces proposed acquisition of JILIN Wan Sheng Property Development Company Ltd

Thursday, 25 Sep 2014 09:23am EDT

China Motion Telecom International Ltd:Says the company and the proposed vendors entered into the MOU.Says pursuant to which it intended to acquire 100 pct equity interest of Jilin Wan Sheng Property Development Company Limited (the Borrower).Says Shanghai CM Concept Communications Products Franchise Sale Company Limited (the Lender), a subsidiary of the company, entered into the entrusted loan agreement.Says pursuant to which, the Lender will instruct the Bank to act as a lending agent to, inter alia, release a loan in the principal amount of 143.9 mln yuan (equivalent to about HK$181.3 mln), which will be funded by the Group, to the Borrower.Says consideration of the proposed acquisition shall be determined after further negotiation between the company and proposed vendors.Says it is expected that the consideration will be settled by cash by the group’s internal resources.

Taiwan Mobile Co Ltd to acquire 5MHz mobile broadband service spectrum from AMBIT Corporation

Thursday, 25 Sep 2014 04:17am EDT

Taiwan Mobile Co Ltd:To acquire use right of 728~733MHz (upstream) and 783 ~ 788MHz (downstream) of band A3 of mobile broadband business 700MHz from AMBIT Corporation with amount of T$3,433,375,000.

SoftBank Corp's subsidiary completes acquisition of Synergy Marketing

Thursday, 25 Sep 2014 03:21am EDT

SoftBank Corp:Says its subsidiary Yahoo Japan Corporation, board commences to make Synergy Marketing, Inc. a wholly-owned subsidiary of Yahoo Japan by acquiring all of its common stock.Excluding treasury stock held by Synergy Marketing but including common stock to be issued upon exercise of stock acquisition rights, and all of stock acquisition rights, and implemented the Tender Offer from Aug. 08.Says the Tender Offer was completed on Sept. 24.

PT Smartfren Telecom Tbk and PT Bakrie Telecom Tbk considering merger plan-Investor Daily

Tuesday, 23 Sep 2014 08:00pm EDT

PT Smartfren Telecom Tbk:Considers a plan to merge with PT Bakrie Telecom Tbk into a single entity-Investor Daily.No further details have been disclosed.

Safaricom Ltd approves acquisition of 100pct in East Africa Tower Company Limited

Monday, 22 Sep 2014 08:00pm EDT

Safaricom Ltd:Announces that subject to the fulfillment of several conditions, including receipt of all required regulatory approval, the acquisition of East Africa Tower Company Limited, a wholly owned subsidiary of Essar Telecom Kenya Limited, as a wholly owned subsidiary of Safaricom Ltd.Says that hereby approved and the directors be and are hereby authorized to do all things and acts and sign all documents which they consider necessary for the purpose of, and in connection with the acquisition of East Africa Tower Company Limited.

Premiere Global Services Inc announces acquisition of TalkPoint Holdings

Monday, 22 Sep 2014 08:00am EDT

Premiere Global Services Inc:Says acquisition of TalkPoint Holdings, L.L.C., a provider of webcasting software and services.PGi funded the purchase through its recently increased credit facility and cash and equivalents on hand.PGi anticipates the acquisition of TalkPoint will be accretive to non-GAAP diluted earnings per share.


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