Mobile Communications International Issue 150 May 2008
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Telekom Austria has announced it has completed a capital increase through issuing 221.5 million new shares, bringing the total to 664.5 million. Managing to raise €997 million in net proceeds in the process, the Austrian incumbent almost reached its original target of €1 billion.
AT&T has announced it has agreed to acquire Iusacell from Grupo Salinas for $2.5 billion, including the mobile operator’s debt, all wireless properties and its 8.6 million subscribers. However, the transaction will only take place once Grupo Salinas has finalised its purchase of 50% of Iusacell that it currently doesn’t own.
France-based cable group Altice has made an official bid to acquire the Portuguese assets of Portugal Telecom (PT) from Brazilian Oi for €7.03 billion. The assets in question include the Portuguese incumbent’s business excluding African operations, its Rioforte debt securities, Oi treasury shares and PT’s financing vehicles.
SoftBank is considering buying the wireless assets of Carlos Slim-owned América Móvil, according to a report. Apparently the Japanese tech giant has asked US subsidiary firm Sprint’s CEO Marcelo Claure to gather information on the business up for sale on its behalf.