Telecom M&A Buzz Q2 (Apr– Jun) 2010

Based on True Rumours and Telecom Research

Century Link Qwest , US

US Landline Operator Century Link is acquiring rival Qwest ( Apr 2010) – Economics of Operations

China Mobile , Far EasTone Taiwan

China Mobile is keen to acquire stake in Far EasTone but it was not allowed inspite of approval from FET Shareholders. Now China Mobile has been allowed to open office in Taiwan and will participate in trials with FET for LTE ( Apr 2010) – Economics of Globalization

China Mobile, Hong Kong

China Mobile is not happy with roaming quality of PCCW and keen to invest in new auction (Apr 2010)- Economics and Quality of Roaming

Etisalat, France Telecom, Korek Telecom Iraq

Korek Telecom has nationwide license but limited coverage due to lack of Licenses. Etisalat showed interest in investing in 2008 and talks are still on, France Telecom is also interested in Korek Telecom (Apr 2010)- Economics of License

Korea Telecom, Romero Peru

KT will invest $150M in Romero to develop Mobile Broadband (Apr 2010) – Economics of Investment

Max Telecom, M-Tel Bulgaria

Max Telecom Acquires WiMax Spectrim from M-Tel (Apr 2010) – Economics of Spectrum

France Telecom , Middle East & Africa

France Telecom looking for Investing Euro 7 Billion in next 5 years on acquisition in MEA market. Possible acquisition candidates – MTN, Orascom, Zain – Middle East, Tigo. (Apr 2010) - Economics of Globalization

AAPT , Optus Australia

AAPT, Telecom New Zealand Australia Unit is for sale and four bidders including Optus, Pacnet, TPG Telecom are interested (Apr 2010) – Economics of Subscribers, Operational Excellence

SK Telecom, Packet One Malaysia

SK Telecom invests in P1 Malaysia, WiMax Operator $100M for 25% Stake (May 2010) – Economics of Investment

Embratel, Claro American Movil Brazil

Carlos Slim plan to merge Fixed and Mobile Operators in Brazil ( May 2010)- Economics of Services, Operational Excellence

Telecom Italia, Telecom Argentina, Argentina

TI is selling its 50% stake in Telecom Argentina because of anti trust ruling of Telefonica investment in Telecom Italia (May 2010) – Regulatory

Orascom, Bangladesh

Orascom is looking for M&A in Bangladesh where it is no 2 Operator Banglalink (May 2010) - Economics of Subscribers, Operational Excellence

Orascom, Telefonica Belgrade

Orascom and Telefonica plans to bid for Government stake in Telekom Srbija (May 2010) – Economics of Globalization

Orascom, Saudi Telecom, Vodafone Egypt

5 Companies including Orascom , Saudi Telecom, Telecom Egypt plans to bid for 55% stake of Vodafone in Vodafone Egypt ( May 2010) – Economics of Subscribers, Economics of Globalization

Volga Telecom, Teleset Networks Russia

Volga Telecom has agreed to purchase Teleset Network fixed line operator in Volga region (May 2010) – Economics of subscribers

Reliance , Etisilat, AT&T, SK Telecom, MTN , India

Reliance Communications is Planning to sell 26% Stake – Interested Parties are Etisilat, AT&T, SK Telecom, MTN (Jun 2010) – Economics of Globalization

Cellular One, Broadpoint US

Cellular One merges with Broadpoint , Gulf of Mexico wireless operator in US (June 2010) – Economics of subscribers

Etisilat, Syria

Etisilat is interested in biding for license in Syria ( Jun 2010) – Economics of Globalization

Glo Mobile, Senegal

Nigeria’s Glo Mobile has been granted license in Senegal (Jun 2010)– Economics of Globalization

Zain, MENA

Kuwait Investment Authority is considering to sell is 24.6% stake (Jun 2010) – Profit Booking

Megafon, Synterra Russia

Megafon acquired Long distance operator Synterra (Jun 2010)– Economics of Services

Telefonica, Isle of Man

Telefonica plans to sell Manx Telecom, mobile operator in Isle of Man (Jun 2010) – Operation Excellence

Zamtel, Zambia

Libya’s Lap Green Networks has acquired 75% stake in Zamtel (Jun 2010) - Ecobomics of Globalization

Infotel Broadband, Reliance Industries India

Mukesh Ambani controlled Reliance Industries reentered Telecom business by acquiring 95% stake in Infotel Broadband which has won Broadband licenses in all 22 Circles. ( Jun 2010) - Economics of License

SK Telecom, Videocon India

SK Telecom is interested in buying 26% stake in Videocon ( Jun 2010) - Economics of License

Plans Abandoned

* MTN, Orascom planned Merger cancelled – Africa (Jun 2010) – Deal Economics

* France Telecom , TDC Switzerland planned Merger rejected(Jun 2010) – Regulatory

* Telekom Srbija , Deutsche Telekom plan to veto Stake Sale ( May 2010) – Control

* Portugal Telecom Rejects Telefonica’s $7.3B offer for Vivo (May 2010) – Control

*Megafon, Mobile Subsidiaries of Svyazinvest planned merger cancelled (Jun 2010) – Deal Economics