OTE has signed loans worth €389 million with the European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB).
Telenor has begun the process of exiting from VimpelCom by announcing details of a public share offering in the US.
The CEO and CFO of Three UK used a first meeting with the press since the failed merger with O2 to call out rivals, the European Commission and Ofcom for a series of perceived failings.
Telia has continued its divestment programme in Eurasia by selling its stake in Indigo Tajikistan (Tcell).
Altice is to centralise a range of functions and launch new content businesses as it looks to unify the performance of its various subsidiaries.
Telefónica is to float its infrastructure asset spin-off Telxius before the end of the year.
Ireland’s eir reported its first annual revenue growth since 2008 but net losses widened.
By Ann Potterton, CEO at the Institute of Telecommunications Professionals
The UK government recently announced that its Apprenticeship Levy will go ahead from April next year and will have implications for the telecoms industry.
The European Commission has approved the joint venture between the Italian subsidiaries of CK Hutchison and VimpelCom.
The partnership between Ericsson and Cisco has delivered another contract win after C&W Communications signed up for a network deal.
Bouygues Telecom has continued to make a loss as revenues grew and its Chief Executive got a promotion.
France’s Group Iliad saw 523,000 customers sign up to its mobile and fixed services in the first six months of the year, helping to boost revenues and profits.
Investment firm Letterone (L1) has invested $50 million in FreedomPop to boost the MVNO’s expansion plans.
New Sunrise CEO Olaf Swantee said there was “more to be done” as the Swiss operator saw sales and profits continue to decline in the second quarter.
Tele2 has acquired Sweden-based security business Kombridge to boost its IoT division.
Xura’s shareholders have approved the takeover of the company by private equity firm Siris Capital.
Russia-based MTS saw profits fall in the three months to June, but said top-line growth was outpacing the rest of the market.
Swisscom was thankful to a strong performance at its Fastweb arm during the second quarter.
Cisco has announced a restructuring plan that will see up to 5,500 jobs go as it revealed its full-year revenues and profits increased.
CK Hutchison’s Three Europe posted revenues of HK$30.2 billion (€3.5 billion) in the six months to 30 June, falling one percent over the same period last year.
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