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CAIRO: State-run phone carriers China Telecom Corp and Saudi Telecom Co have expressed interest in acquiring 4G mobile-phone licences offered by the Egyptian government, joining Kuwait's Zain, which made an official request last week, a Communications Ministry official said.
MILAN: Shares in Telecom Italia dropped nearly 3% after sources said the board will likely put off a decision on whether to start formal merger talks with Hutchison Whampoa at a meeting.
MILAN: Telecom Italia SpA is set to name former Merrill Lynch banker Luigi Gubitosi as its new chief executive officer after Amos Genish was ousted this week by allies of an activist shareholder, according to sources.
DUBAI: A year ago, Abdulrahman Tarabzouni was working on Google’s Project Fi trying to disrupt the telecommunications industry. Now he’s back in his native Saudi Arabia with a mission to bring the country’s national phone carrier, Saudi Telecom Co, into technology investing.
SYDNEY: Saudi Telecom Co (STC) has obtained a RM1.51bil (US$378.5mil) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks.
TOKYO: SoftBank Group Corp’s 2.65 trillion yen (US$23.5bil) initial public offering (IPO) for its telecom unit was fully-subscribed, including an extra allotment of shares, sources said.
HONG KONG: Tycoons ranging from an Indian telecom billionaire to Singapore’s king of massage chairs are delaying initial public offerings as a rout in emerging-market stocks deepens.