Anatel, the Brazilian regulator, approves the new rules set for Oi’s purchase of Brasil Telecom. Brasil Telecom is Oi’s domestic competitor, and the take over will make Oi the number 3 operator in the country.
The final approval will come from the communications ministry and President Luiz Inacio Lula da Silva within a few weeks. Oi had agreed to buy BT in April and since then the operator has already secured about 65 percent of the 11 billion reais to 12 billion reais it needs for the purchase.
Wireless Federation » archive for 'Take Over'
Anatel approves Oi takeover of Brasil Telecom (Brazil)
- October 18th, 2008
- 5:50 am
Vodafone’s take over of Ghana Telecom blocked (Ghana)
- July 21st, 2008
- 2:30 pm
Opposition lawmakers in Ghana’s parliament have blocked approval of the sale of a majority stake in state - owned Ghana Telecom to Britain’s Vodafone.
Vodafone and Ghanian government will have to wait till October, when the chamber deputies return after a summer recess. For leaders, this break gives them time to rethink and revaluate the deal.
The government’s announcement that a 70-percent stake in Ghana Telecom was to be sold to the British firm has provoked stern opposition from some politicians who think that the proposed deal, which values Ghana Telecom at 1.3 billion dollars (over 800 million euros), is not in the national interest.
Vodafone has agreed to pay 900 million dollars for the 70-percent stake, but the opposition party says the shares are worth more than that.
The government’s announcement that a 70-percent stake in Ghana Telecom was to be sold to the British firm has provoked stern opposition from some politicians who think that the proposed deal, which values Ghana Telecom at 1.3 billion dollars (over 800 million euros), is not in the national interest.
Vodafone has agreed to pay 900 million dollars for the 70-percent stake, but the opposition party says the shares are worth more than that.
SK Telecom denies Sprint Nextel take over (South Korea, US)
- July 17th, 2008
- 2:39 pm
SK Telecom, South Korea’s largest mobile carrier by revenue, on Thursday denied of seeking a controlling stake in a major US wireless operator.
In response to the speculation by the media over mobile carrier taking over a US telecom company, SK Telecom, in a regulatory filing stated that it is looking at various business opportunities in the U.S. market.
The Wall Street Journal citing people familiar with the matter, reported that SK Telecom and Sprint Nextel are in preliminary talks to form a strategic partnership to develop new handsets and services.The companies have discussed the idea of SK Telecom making a minority investment in Sprint, but they aren’t discussing an outright merger.
