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Wireless Federation » archive for 'Morgan Stanley'

Advisors clamour for Safaricom IPO

  • August 2nd, 2007
  • 3:17 pm

According to the Kenyan press, up to 75 firms are competing to become the government’s advisors on the forthcoming Safaricom IPO. The keenest competition is to become lead advisor, where the interested parties are reported to be Renaissance Capital, Goldman Sachs, Citibank, Morgan Stanley and Credit Suisse.

   

 

Eutelsat, Mexican partners bid for SatMex

  • June 11th, 2007
  • 9:50 am

French-headquartered satellite operator Eutelsat has confirmed submitting an offer with Mexican partners Miguel Aleman and Clemente Serna for 100 percent ownership of Satelites Mexicanos (SatMex). The proposal was submitted within the framework of Satmex’s sale process, initiated by its shareholders and managed by Morgan Stanley.

   

Comstar board approves loan

  • June 8th, 2007
  • 12:06 pm

Totaltele writes…Russian fixed-line telecoms operator OAO Comstar United TeleSystems said Friday that its board had approved a five-year credit facility of RUR26 billion ($1.01 billion) from OAO Sberbank at an annual interest rate of 7.6%.

Comstar said it would use as collateral a 17.3% stake in state telecoms holding OAO Svyazinvest plus a further 7.7% stake in that company owned by Comstar subsidiary OAO MGTS.

“We intend to use the credit line to finance our spending on telecommunications network development, including the refinancing of existing loans, such as the repayment of a $675 million six-month loan from ABN AMRO and Morgan Stanley, which we received in December 2006,” said Comstar’s Chief Financial Officer Nikolai Tokarev.

   


 

Morgan Stanley upgrades China Mobile to overweight

  • February 8th, 2007
  • 10:28 am

KPLCtv writes…Morgan Stanley has upgraded its stock rating on China Mobile (0941.HK), the world’s top wireless carrier, to overweight from equal-weight on a high earnings outlook.

“We have raised up our fiscal year 2008 earnings forecast by 12 percent to reflect a lower tax rate and further delayed competitive entry,” it said in a research report.

The investment bank also raise its price target for China Mobile to HK$85.00 from HK$70.00.

China Mobile’s shares were trading down 1.9 percent at HK$74.05 on Thursday morning.