Millicom Shares Plunge as Chinese Takeover Collapses
Shares of Millicom International Cellular fell 24 percent on Monday after the company said it had decided to “terminate all discussions concerning a potential sale.” The announcement signalled the end,...
View ArticleChina Mobile Cancels Millicom Plans, Leaving Lots of Questions
With China Mobile Communications pulling its $5.5 billion bid for Millicom, jitters have spread from the I.P.O. market to mergers and acquisitions. China Mobile’s rich offer and subsequent withdrawal...
View ArticleNokia Wins Spot in World’s Biggest Mobile Market
Mobile telecoms equipment maker Nokia has won a $150 million deal with China Mobile’s Henan Mobile Communication to expand GSM and GPRS networks in Henan province. China is the world’s most competitive...
View ArticleMergers Accelerate as Telecoms Seek Growth
A multibillion-dollar telecommunications merger was announced Thursday, reflecting a trend for mobile phone operators to consolidate in their own crowded backyards while they scout for growth in...
View ArticleChina Mobile Puts $5.8 Billion Into Pudong Bank
China Mobile, the world's largest mobile carrier, said it will pay $5.8 billion for 20 percent of Shanghai Pudong Development Bank and will jointly develop mobile finance and e-commerce businesses with...
View ArticleNokia to Buy Motorola Unit for $1.2 Billion
Nokia Siemens Networks said Monday that it had agreed to buy the wireless-network equipment division of Motorola for $1.2 billion in cash.
View ArticleVodafone to Sell China Mobile Stake for $6.6 Billion
The Vodafone Group is selling its 3.2 percent stake in China Mobile for about $6.6 billion. Some 70 percent of the proceeds will be returned to shareholders through a stock repurchase, and the rest...
View ArticleVodafone Chief Says He Won’t Be a ‘Forced Seller’
Vodafone's chief executive, Vittorio Colao, told The Financial Times that he will not be “forced” into the selling the company's other minority stakes.
View ArticleTelefonica to Sell Shares Back to China Unicom for $1.4 Billion
The European telecommunications operator has agreed to sell back more than one billion shares to China Unicom, as the European financial crisis continues to hurt earnings in Telefónica's main markets.
View ArticleNokia to Buy Motorola Unit for $1.2 Billion
Nokia Siemens Networks said Monday that it had agreed to buy the wireless-network equipment division of Motorola for $1.2 billion in cash.
View ArticleVodafone to Sell China Mobile Stake for $6.6 Billion
The Vodafone Group is selling its 3.2 percent stake in China Mobile for about $6.6 billion. Some 70 percent of the proceeds will be returned to shareholders through a stock repurchase, and the rest...
View ArticleVodafone Chief Says He Won’t Be a ‘Forced Seller’
Vodafone's chief executive, Vittorio Colao, told The Financial Times that he will not be “forced” into the selling the company's other minority stakes.
View ArticleTelefonica to Sell Shares Back to China Unicom for $1.4 Billion
The European telecommunications operator has agreed to sell back more than one billion shares to China Unicom, as the European financial crisis continues to hurt earnings in Telefónica's main markets.
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