Tag: telecoms

The offer comes after the sale of the mobile businesses in India and Israel, and the separate listing of the Hong Kong and Macau operations, left HTIL with four businesses at ... SK Telecom will buy 49% of Hana Financial Group's credit card subsidiary, Hana Card, for $343 million. LG Telecom, Korea's third biggest mobile phone operator, follows the trend and absorbs its fixed-line and broadband siblings. Weeks after China Unicom announces a share swap with Spain’s Telefonica, China’s second largest telecommunications operator cuts its ties with SK Telecom. As cross-strait relations warm up, China Mobile agrees to pay $528 million for a strategic stake in the Taiwanese mobile operator. S&P says the material tender discount of up to 30% versus face value would prompt it to put a default rating on the bonds if the proposed transaction is completed. The fixed-line telecom operator offers to pay up to 75 cents on the dollar for $89.4 million worth of outstanding 2015 bonds. The CB comes with a 23% conversion premium, a 1.75% coupon and a whole lot of controversy. The $310 million transaction is priced at the mid-point of the range, resulting in a 5.2% discount. Hutchison Telecom International's strategic partner reduces its stake by 3% after a six-day winning streak for the stock. Centron, which provides mobile phone solutions, sells $108 million worth of shares, while wind turbine gearbox maker China High Speed Transmission pockets $272 million. The mobile phone operator becomes the first Thai company to have a dual listing in Singapore and Bangkok. The provider of wireless coverage solutions hopes to lure investors with hefty 2G demand and the upcoming launch of 3G in China. The Citic Pacific telecom spin-off raises $270 million from its Hong Kong listing. The Citic Pacific spin-off banks on increased tourism and new mobile subscribers to drive its earnings growth. Strong management cited as a plus. The mobile operator draws record demand from institutional investors, providing a positive backdrop for numerous Indian IPOs in the pipeline. The undisclosed seller offloads shares at a 1.2% discount following a rise in the company's share price of 76% year-to-date. Overwhelming demand allows top-end pricing for Kingboard Laminates, China Communications Services and Zhaojin Gold Mining. Several more IPOs due in the coming two weeks. The Japanese bank dials up a new head of telecoms research. Gome free-float back above 25% as chairman sells $160 million worth of stock; Posco reduces stake in SK Telecom.