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Business 20 Jul 2016 | 12:00 AM

China Telecom, Saudi's STC show interest in Egypt 4G

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.

Business 09 May 2013 | 12:00 AM

Telecom Italia investors seen split on Hutchison deal

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.

Telcos 19 Nov 2018 | 12:00 AM

Telecom Italia ready to name Luigi Gubitosi as new CEO

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.

TECH 14 Aug 2014 | 12:30 PM

Singapore Telecom Q1 net profit down 17%

Singapore Telecom (SingTel) said Thursday its financial first quarter net profit fell 17.4% from the year before due to the absence of one-time gains and weaker currencies of the countries in which it has key investments.

Business 24 Mar 2017 | 12:00 AM

Ex-Google executive wants Saudi Telecom to be the next Softbank

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.

Telcos 09 Jan 2018 | 12:00 AM

Saudi Telecom gets RM1.5bil loan to refinance debt

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.

Business 14 Jan 2016 | 12:00 AM

China Telecom, Unicom rise on mobile alliance

TOKYO: China Telecom Corp and China Unicom (HK) Ltd rose in Hong Kong trading on optimism a network alliance between the two carriers will help them compete against market leader China Mobile Ltd.

Corporate News 07 Dec 2018 | 12:00 AM

SoftBank sells all shares for US$23bil telecom IPO

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.

Business 31 Oct 2018 | 12:00 AM

Asia's rich from massage chair king to telecom tycoon delay IPOs

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.

AseanPlus News 18 Apr 2018 | 12:00 AM

65 sentenced for telecom fraud

YINCHUAN: A court in northwest China’s Ningxia Hui autonomous region sentenced 65 people for telecom fraud.