‘Ship has sailed for SMS’: Telcos could lose £2.5bn as businesses shift to Whatsapp Telecoms Telecom operators could lose over $3bn (£2.5bn) in revenue globally over the next five years as messaging apps steal market share.
Shared Access secures £300m funding to grow wireless infrastructure portfolio WIRELESS WAVES Shared Access, an independent operator who owns and operates high capability in-building wireless infrastructure at key venues such as the Aviva Stadium in Dublin and the world-class Tottenham Hotspur stadium in London, has secured £300m of long-term growth financing.
Telecom Italia’s board in discussions over takeover proposal from funds Telecom Italia Telecom Italia’s (TIM) board is in an extraordinary meeting to discuss a takeover proposal from US hedge fund KKR, which is interested in acquiring the Italian communications giant’s whole capital. According to sources, the fund’s plan is to carve out the group’s fixed network – of which KKR is an investor since last year – [...]
Cable & Wireless in game-changing $1.85bn deal to buy Columbus International November 6, 2014 Cable & Wireless Communications (CWC), the Caribbean and Central American telecoms operator, has agreed a deal to buy Columbus International, a fibre-based telecoms provider backed by US cable TV billionaire John Malone, for $1.85bn (£1.13bn). The FTSE 250-listed firm said the huge deal, which was worth nearly as much as CWC’s entire £1.14bn market [...]
Cable & Wireless finance chief quits ahead of firm’s relocation February 10, 2014 CABLE & Wireless Communications (CWC) yesterday announced the resignation of its financial chief Tim Pennington, ahead of the company’s upcoming move to its new US headquarters in Miami. In a move described as “somewhat unexpected” to City A.M. by people close to the company, Pennington will take up another finance chief position at an as-yet-unnamed [...]