Slovak Telecom to gain control of Eurotel
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Slovak Telecom, the fixed-line operator controlled by Deutsche Telekom of Germany, has agreed to buy out AT&amp;T Wireless and Verizon from its mobile arm Eurotel for an undisclosed price.
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India's Essar Group will remain as a key shareholder in Indian mobile services provider Hutchison Essar, but will likely negotiate stronger minority shareholder rights with Vodafone Group, which Sunday announced it wasÂ acquiring a controlling 67 percent stakeÂ in the company.
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Mobile phone giant Vodafone sells its 25% stake in Swisscom Mobile for 4.25bn Swiss francs (Â£1.8bn).
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Central European Media Enterprises (CME), the Nasdaq-listed east European broadcasting company, is to retake control of the largest Czech commercial station in a deal worth $642m.
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BRATISLAVA- The Slovak government and Italian energy company Enel came to agreement over the terms of privatisation of Slovakia's dominant power producer Slovenske elektrarne (SE) Thursday night, Slovak Economy ...
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Telenor will remain a key player in the Hungarian wireless market after it announced its Hungarian mobile arm, Pannon GSM, acquired a UMTS license in Hungary.
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Mobile phone group Vodafone  and  rival Orange, owned by France Telecom , are to share  mobile mast sites in a deal designed to cut costs and improve  coverage across Britain.
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British mobile services operator Vodafone Group will acquire a majority stake in Hutchison Essar, winning aÂ heated bid for controlÂ of the Indian mobile services operator.
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The deal will involve the creation of new mobile phone network with a capacity of 2.5 million phone lines. TRIPOLI: Libya&#39;s state-run post and telecommunications company has signed a 200 million euro ($244
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A France Telecom-led consortium on Friday took control of 51 percent of state-owned Telkom Kenya in a drive to expand its presence in Africa's burgeoning mobile phone and internet sectors.
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The French government plans to sell as much as 5.8 billion euros ($7.1 billion) of shares in France Telecom SA to reduce debt that breaches European Union limits.
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The German telecommunications operator Deutsche Telekom wants to gain control of Poland's leading mobile phone operator PTC through an option to buy shares held by the Polish electricity and telecoms group Elektrim, it said.
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(InfoWorld) - British mobile services operator Vodafone Group will acquire a majority stake in Hutchison Essar, winning aÂ heated bid for controlÂ of the Indian mobile services operator. Vodafone announced late Sunday that it has agreed to acquire companies that control a 67 percent stake in Hutchison Essar from Hutchison Telecommunications International, a subsidiary of Hong Kong's Hutchison Whampoa. Hutchison Telecommunications holds a majority stake in Hutchison Essar both directly and through a joint venture company in which Indian partners hold shares. Vodafone will pay $11.1 billion in cash for the acquisition, along with assuming $2 billion in debt, through its subsidiary Vodafone International Holdings. The transaction is expected to close in the second quarter of this year, and is conditional to Indian regulatory approval, it said. Hutchison's decision came over the weekend, after it evaluated bids from four key contenders including Indian mobile services provider Reliance Communications, the Hinduja Group of the U.K., and Indiaâs Essar Group, which holds 33 percent in Hutchison Essar, according to informed sources. Vodafone will offer to acquire the Essar Groupâs stake at the same price per share it is offering Hutchison, the company said. Indian regulations however do not allow foreign operators to hold more than 74 percent of the equity in an Indian telecommunications service provider. If the Essar Group sells its stake, Hutchisonâs local partners, which together have a 15 percent interest in Hutchison Essar, will increase their interest to 26 percent, Vodafone said. The Essar Group said in its statement late Sunday that it was evaluating an offer from Vodafone to be a partner. The Essar Group has the option to continue as an equity holder in Hutchison Essar or sell its stake along with Hutchison Telecommunications. Vodafone has been seeking Hutchisonâs stake since December last year, and in January the companyâs CEO,Â Arun Sarin visited India to press its caseÂ with the Indian government and business partners here. India is adding over 6 million new mobile subscribers every month. Hutchison Essar had 23.3 million customers as of December 31, 2006, which gave it a 16.4 percent market share. Vodafone also offered Sunday to sell its stake of 5.6 percent in Bharti Airtel, also a large Indian mobile services operator, to another company of the Bharti Group for $1.6 billion, double the price for which itÂ acquired the stake in 2005. It also announced a memorandum of understanding with Bharti Airtel for infrastructure sharing with Hutchison Essar.
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MILAN Telecom Italia will approve a plan Tuesday to buy the 44 percent it does not already own of the mobile phone unit Telecom Italia Mobile in a deal valued at about â¬20 billion, according to people familiar with the negotiations.
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The Dutch government is taking control of its country&#39;s gas transport network in a deal that analysts said will boost competition in the Netherlands and ease the way for the creation of a single European gas market.
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British mobile phone giant Vodafone has agreed to buy an 11-billion-dollar controlling stake in India's Hutchison Essar in an attempt to move into the world's fastest-growing mobile phone market.
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Czech telecom operator Cesky Telecom said it had turned its 2003 loss into net profit in 2004 thanks to growing sales and the full consolidation of its highly profitable mobile division Eurotel.