Investment
Investor group to acquire majority stake in Skype
Skype Technologies and an investor group led by Silver Lake have signed a definitive agreement in which the investor group will purchase a 65 per cent interest in Skype Technologies from eBay for approximately $1.9bn in cash, in a transaction valuing Skype Technologies at $2.75 bn. eBay will retain the remaining 35 per cent equity [...]
Trilogy increases stake in NZ operation
Trilogy International Partners (Trilogy), a US-based telecommunications holding company, has announced its intention to acquire an additional 26 per cent stake in 2degrees, a Greenfield mobile wireless operator in New Zealand, bringing Trilogy’s interest in the venture to 52 per cent. Trilogy agreed to purchase the interest currently held by Hong Kong-based General Enterprise Management [...]
ZTE to build all-IP mobile broadband network in Madagascar
ZTE, a global provider of telecommunications equipment and network solutions, is rolling out an all-IP mobile phone and data network for Madamobil, a new mobile operator in Madagascar. Madamobil is owned and operated by Life Telecom Holdings (a telecom investment and management firm based in the Netherlands) in partnership with Tecom Investments (a subsidiary of [...]
Idea Asia, GMEG enter acquisition agreement
Asia Global Holdings’ subsidiary Idea Asia and Global Media & Entertainment (GMEG) have entered into an agreement whereby GMEG has agreed to acquire Idea Asia from AAGH subsidiary Sino Trade Intelligent Development (Sino Trade) in return for 7.5% of GMEG’s common stock and other considerations. The deal is pending exchange of consideration on or before [...]
Ericsson to divest its TEMS-branded products business to Ascom
Ericsson has entered into an agreement to divest its TEMS-branded products business, consisting of tools for air interface monitoring and radio network planning, to Ascom. The agreement involves the transfer of about 300 employees of which around 180 are based in Sweden. The transaction is expected to close in June this year. Ericsson said that [...]
TM selects Alcatel-Lucent to expand its network
Alcatel-Lucent has been awarded a E7m contract for the expansion of Telekom Malaysia’s (TM) 10 Gigabit Ethernet network. The contract will see a network expansion in the central and northern regions of Peninsular Malaysia, two of the country’s most densely populated regions, and is aimed at moving the country closer to being a broadband nation. [...]
GTT appoints Swank as CFO
Global Telecom & Technology (GTT), a network integrator that provides its clients with a portfolio of wide-area network and mobility services, has announced the appointment of Eric A Swank as its Chief Financial Officer. As CFO of GTT, Swank will oversee all global financial functions and have direct responsibility for financial operations, reporting and controls, [...]
Spring Wireless forms US HQ in Seattle
Spring Wireless, a mobile software and services company, has established US headquarters in Seattle. Spring has operations across the Americas, Europe and Asia. In August 2008, Goldman Sachs, New Enterprise Associates (NEA) and Brazilian investment firm, Ideiasnet, invested $66m in Spring Wireless to fuel its worldwide expansion and help fund future acquisitions. In connection with [...]
CHVC sells US operating subsidiaries for $18m
China Voice Holding (CHVC) has sold its US operating subsidiaries and issued 15,000,000 shares of CHVC common stock to Flint Telecom Group (FLTT). CHVC will receive $10m cash over the next two years and receive up to 21m shares of FLTT valued at approximately $8m from the transaction, for a total value of approximately $18m. [...]
Ericsson launches spare parts management service with TMIB in Bangladesh
Ericsson has launched spare parts management services (SPMS) to support TM International Bangladesh’s (TMIB) mobile network. Under the agreement, Ericsson will provide TMIB with hardware support for routine as well emergency maintenance. Ericsson will also take over the responsibility of the spare parts and provide TMIB with local support, enabling immediate response to the customer’s [...]
