Exfo founder boosts offer to take company private
Germain Lamonde, who founded Canada’s communications-sector test, monitoring, and analytics equipment maker Exfo and is its majority shareholder, has boosted his offer to take the company private.
Telecoms.com
Category: Funding
KPN links €1 billion credit facility to sustainability goals
KPN has secured a €1 billion credit facility that is linked to its own sustainability goals, a further sign that telcos are taking this stuff seriously.
Vodafone reportedly seeking to further reduce its exposure to India
Last week the Indian Supreme Court rejected another appeal to lower the amount of money operators owe the government and it looks like Vodafone is running out of patience.
Vodafone Idea loses customers but should still find investors
Indian operator group Vodafone Idea is struggling for customers and for the cash it needs to keep its business afloat.
Orange taps up pension fund to finance Poland fibre rollout
Orange Poland has become the latest major telecoms operator to seek out a joint venture partner to help it fund the rollout of fibre infrastructure.
T-Mobile raises $3bn to fund massive US spectrum spending
T-Mobile is tapping the bond markets to raise US$3 billion that will help to fund its upcoming spending on spectrum.
Softbank invests $215m in Kahoot!, more spending to come
Softbank has a acquired a 9.69% stake in Norway’s Kahoot! at a cost of US$215 million, and is reportedly looking for external funding for a new acquisition vehicle.
Mobile-focused streaming service Quibi reportedly thinking of throwing in the towel
Things have not gone according to plan for hot, new streaming service Quibi this year, so now it’s apparently exploring its strategic options.
SoftBank sell-off continues as it flogs Brightstar
Even flogging Arm and much of its eponymous Japanese operator isn’t enough to cover SoftBank’s speculative positions, it seems.
Vodafone Idea open to anything that might help it survive
Reports from India suggest beleaguered telco Vodafone Idea is considering a share sale and even investment from Verizon to keep it alive while it pays off the government.
SoftBank Group flogs 22% of SoftBank Japan coz of coronavirus
Despite raising $41 billion already this year, Softbank reckons it needs a bunch more cash to protect itself from the effects of a COVID-19 resurgence.
HMD Global, maker of Nokia phones, gets $230 million investment
It seems the market for Nokia-inspired phones is a durable one, with three major telecoms players deciding to double-down on their investments.
Credit rating agency gets moody over Dish financial foundations
Credit rating agency Moody’s has dampened enthusiasm for US wireless entrant Dish, downgrading its credit rating on the grounds it will need a major cash injection to be a valid competitor.
Technicolor hopes to have sorted its finances out
Video streaming tech vendor Technicolor has been trying to restructure its debt for most of the year and seems to have finally got somewhere.
SoftBank fire sale could include T-Mobile US stake
Japanese conglomerate SoftBank had a nightmare quarter thanks to massive losses at its Vision Fund investment arm and it might need to raise a few yen quickly.
Silver Lake pays a premium for a chunk of Jio Platforms
Private equity firm Silver Lake has shelled out $750 million for a 1.15% stake in the Indian telco, which represents a 12.5% premium on the price Facebook recently paid.
UK Gov carves out £1bn to save struggling firms
The UK Treasury has announced a new scheme which will see as much as $1 billion made available to UK SMEs who are struggling financially during the COVID-19 outbreak.
Facebook reportedly close to buying 10% of Reliance Jio
Social media giant Facebook seems set to continue its push into telecoms with a major stake in India’s dominant operator group.
Nokia reportedly has a strategic rethink
Finnish kit vendor Nokia is mulling new ways of improving its bottom line according to a report.
World Bank continues mission to make Africa more investable
The World Bank has selected Progressus to head-up the second phase of its ambitious African Regulatory Watch Initiative (RWI).
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