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Telegeography CommsUpdate 08/21/2019 06:29
Mexico City-based Maxcom Telecomunicaciones and its subsidiary Maxcom USA Telecom have filed voluntary petitions under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York in order to obtain approval of their pre-packaged plan of reorganisation, which will permit Maxcom to complete the restructuring of its 2020 Step-Up Senior Notes. Erik Gonzalez, chief financial officer of Maxcom, commented: ‘The company has worked through an extremely complex and difficult situation over the past five years, such as currency devaluations and industry rules changes that have impacted the company’s results ...
Telegeography CommsUpdate 08/21/2019 06:29
British internet provider Sky has announced the launch of a new fixed broadband offering, ‘Sky Broadband Ultrafast’, which will offer downlink speeds of up to 285Mbps. Two new tariffs are being introduced, with the lower level of these – Ultrafast Broadband 1 – providing ‘average download speeds’ of 145Mbps for GBP39 (USD47) per month, while the more expensive plan – Ultrafast Broadband 2, costs GBP49 per month and boosts average speeds to 285Mbps. According to a press release from Sky regarding the new product launch, Ultrafast Broadband 1 will be available to more than two million premises in the UK, while the top-tier plan will be accessible by more than 1.2 million premises. Looking ahead, it has said that it expects availability for bo.
Telegeography CommsUpdate 08/21/2019 06:29
South African mobile operator Vodacom has announced its intention to deactivate its 2G voice services in order to repurpose the frequencies for 3G and 4G services, TechCentral writes. Vodacom's technical director Andries Delport said the 2G network will not shut down completely as the technology is still used by emergency services and for other applications, though migrating the voice services will allow it to designate only 2MHz-3MHz of spectrum for 2G use. The executive explained: ‘The biggest benefit for us to reuse 2G [spectrum] is to improve 4G coverage. If we can eliminate 2G, it will allow us to use the 900MHz band for 4G.’
Telegeography CommsUpdate 08/21/2019 06:29
New Zealand telco Spark has posted a 12.1% rise in full-year net profit to NZD409 million (USD262.3 million) and an 11.1% improvement in EBITDA to NZD1.09 billion in its financial year ending 30 June 2019. Revenue, however, was unchanged at NZD3.53 billion as growth in the mobile, broadband, cloud and security markets was offset by declines in legacy voice, managed data and networks products. Operating expenses were 4.3% lower, driven largely by lower product and labour costs. Spark reported a 2.3% rise in mobile subscribers to over 2.51 million at 30 June 2019 while ARPU was up 0.6% to NZD27.57. Total broadband connections fell 0.7% year-on-year to 695,000, with strong growth in fibre and wireless connections (up 28.6% and 20.7% respective.
Telegeography CommsUpdate 08/21/2019 06:29
Norway’s Telenor Group has secured the approval of the Ministry of Economic Affairs and Employment for its acquisition of a 54% stake of DNA Finland’s shares from its two largest shareholders. In a press release confirming the development, DNA noted that the government’s approval for the deal follows an announcement from the Finnish government earlier this month confirming the transaction would not impact DNA’s operating licences. Prior to that, the EC gave its blessing to the deal last month, while both Finda Telecoms Oy and PHP Holding Oy – DNA’s two largest shareholders from which Telenor will acquire its majority stake in the Finnish operator – approved the transaction in May 2019. Telenor Group is now expected to complete the share tra.
Telegeography CommsUpdate 08/21/2019 06:29
Polish mobile operator P4 (Play) has concluded its takeover of Katowice-based fibre-optic provider 3S, for a total enterprise value of EUR96.0 million (USD106.4 million). The selling parties were Ambrosia CEE Holding (part of Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors) and the company’s three founders, each of which held a minority stake. The deal closed on 19 August. TeleGeography notes that 3S controls 3,500km of fibre infrastructure covering Southern Poland, Silesia, Krakow and Wroclaw. The telco currently serves 2,800 B2B clients and is also active in the data centre sector.
Telegeography CommsUpdate 08/21/2019 06:29
Ukrainian executive authorities have ‘arrested’ the controlling 92.79% stake in nationwide fixed line operator Ukrtelecom due to its parent’s debt to state-backed bank Oschadbank, according to a statement from the latter reported by Liga.net. Oschadbank says that Ukrtelecom’s shares can be sold via public auction in order to pay off nearly UAH1.8 billion (USD71 million) owed to the bank by holding company ESU, part of Ukraine’s SCM conglomerate owned by Rinat Akhmetov. Whilst Oschadbank claims that the threat to seize and sell shares is supported by Supreme Court decisions, its statement added: 'At the same time, we hope for the possibility of a peaceful settlement of the existing debt with the debtor.'. Last month the Supreme Court ordered
Telegeography CommsUpdate 08/21/2019 06:29
The Belarusian and Armenian arms of Russian mobile powerhouse MTS recorded strong second-quarter performances, according to details published by the parent group yesterday (20 August). MTS’ non-consolidated MTS Belarus unit reported ‘solid top-line’ results in April-June 2019, with revenue increasing 18.1% year-on-year to BYN251.4 million (USD122.4 million), up from BYN212.9 million, driven by rising data consumption and ‘robust’ retail sales.
Telegeography CommsUpdate 08/21/2019 06:29
Russian telecoms group MTS’ consolidated revenue reached RUB125.1 billion (USD1.9 billion) in the three months ended 30 June 2019, up by 9.4% year-on-year, including operations in Russia, Ukraine, Armenia and Belarus. Operating income before depreciation and amortisation (OIBDA) climbed 4.1% to RUB56.1 billion in Q2 while net profit attributable to owners of the company dropped 11.0% to RUB12.7 billion. Quarterly CAPEX spending increased by 29.1% to RUB22.7 billion. Russia accounted for 92% of MTS’ 2Q19 sales, with total Russian revenue improving 8.4% y-o-y to RUB115.3 billion and the division’s OIBDA climbing 2.3% to RUB52.3 billion (93% of the group total). Russian mobile service revenue grew 1.7% y-o-y to RUB79.7 billion, as smartphone p.
Telegeography CommsUpdate 08/21/2019 06:29
Spanish alternative telecoms operator Grupo MASMOVIL, which has built up its domestic business via a series of more than a dozen takeovers, is planning to enter the Portuguese market, it has been confirmed. A filing with the Portuguese Competition Authority (Autoridade da Concorrencia, AdC) dated 19 August indicates that MASMOVIL IBERCOM and GAEA INVERSION (a company specifically incorporated for the realisation of the transaction) have sought permission to acquire Cabonitel, the holding company which controls Portuguese operators Nowo and Onitelecom (ONI). The AdC filing clarifies that Cabonitel owns 100% of the share capital of Nowo, which in turn holds the entire share capital of ONI. These companies are owned by Cabolink, a Luxembourgis.
Telegeography CommsUpdate 08/20/2019 06:15
DOCOMO Pacific has announced that its VoLTE service went live on Guam and the Northern Mariana Islands on 15 August. The first handset confirmed for VoLTE use is the Samsung Note 9, although other VoLTE-capable devices are expected to be made available. Roderick Boss, President and CEO of DOCOMO PACIFIC, commented: ‘This is an exciting day for us. The launch of VoLTE marks another milestone on our journey to 5G and we’re happy to extend this new service to our DOCOMO PACIFIC customers at no extra charge.’TeleGeography notes that the launch had initially been earmarked to take place in July, following successful trials in Guam and Saipan (the largest of the Northern Mariana Islands) in June this year. No reason has been given for the delay.
Telegeography CommsUpdate 08/20/2019 06:15
Washington, DC-based private equity firm Grain Management has entered into a definitive agreement to acquire ‘a majority interest’ in Florida-based ISP Summit Vista (Summit Broadband) from Cable Bahamas. Founded in 1994, Summit Broadband owns and operates fibre-optic networks spanning more than 1,800 fibre route miles across central and south-west Florida. No purchase price has been disclosed. TeleGeography notes that the current incarnation of Summit Broadband was created following the USD99 million quadruple takeover of Florida-based ISPs Summit Broadband, Marco Island Cable, NuVu and US Metropolitan Telecoms, which concluded in 2013. The acquisitions were driven by Cable Bahamas’ limited growth prospects in its domestic market. Shares of.
Telegeography CommsUpdate 08/20/2019 06:15
Global Telecom Holding (GTH) informed the Egyptian Exchange (EGX) on Sunday that its board of directors have approved its parent VEON’s offer to acquire the company’s assets in Pakistan, Bangladesh and Algeria. VEON intends to directly acquire GTH’s stakes in mobile operators Jazz (Pakistan), Banglalink (Bangladesh) and Djezzy (Algeria) for PKR313.34 billion (USD1.95 billion), BDT24.92 billion (USD290 million) and DZD70.19 billion (USD590 million, including another asset, MedCable) respectively, plus Mobilink Bank (Pakistan) for USD92 million. In dollar terms the offers add up to a value of USD2.9 billion. GTH will hold an extraordinary general meeting related to the asset offer on 9 September. Earlier this month, Amsterdam-headquartered mu.
Telegeography CommsUpdate 08/20/2019 06:15
Efforts to restructure the debt accrued by stricken Barbadian start-up Ozone Wireless have failed, former boss Dr Nicholas Kelly has informed Barbados Today, prompting Digicel to withdraw access to its network. Back in September 2018 fellow mobile operator Flow barred Ozone from using its base transceiver stations (BTS) over debts of BBD1.5 million (USD750,000). Dr Kelly revealed that the level of debt – at least BBD8 million is owed to creditors – forced him to hand control of the business to a little-known Saint Lucia-based company. He said: ‘As soon as I realised that the debt was not anything we could renegotiate … I handed over control to a guy called Lester Edwards of CalaHub. All of the other creditors were renegotiating but Flow and.
Telegeography CommsUpdate 08/20/2019 06:15
Vietnam’s Ministry of Information and Communications (MIC) has announced it is preparing procedures to auction off mobile spectrum in the 2600MHz band. The frequencies are expected to be used to enhance LTE coverage and capacity across the country. Under the proposed conditions, winning bidders will be required to begin network deployment within 24 months of receiving their spectrum licence, with existing mobile operators required to roll out at least 5,000 base stations within that timeframe. New market entrants will only be allowed to begin providing services once they have met 50% of either of the following two conditions: provide 4G population coverage of at least 75% in all districts, towns and cities within 24 months; or roll out 8,50.
Telegeography CommsUpdate 08/20/2019 06:15
Bell Canada has released a statement claiming that a regulatory decision to reduce wholesale broadband rates will negatively impact its high speed access network expansion in smaller towns and rural communities, reducing the scope of its current plans in such areas by 20%, or approximately 200,000 households. On 15 August the Canadian Radio-television and Telecommunications Commission (CRTC) ordered large telcos and cablecos to reduce tariffs for wholesale broadband network services, applicable retroactively back to 2016.

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