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...Bondholders were then told that the company had set more aggressive debt reduction targets, according to a public recording of the conversation....
...Zopa, the UK digital bank backed by SoftBank, has swung to profitability, taking the fintech group a step closer to an anticipated public listing....
...Vodafone Idea was formed in 2018 as a joint venture between the UK telecoms company’s Indian unit and the Mumbai-based conglomerate Aditya Birla Group, after the disruptive entrance of Jio, the operator...
...MTN joins a growing list of companies plugging shortfalls from the state electricity provider Eskom....
...Niel’s telecoms company Iliad on Wednesday said a proposal to merge its Italian business with Vodafone’s Italy unit had been rejected even after the group revised a previous bid....
...French prosecutors have begun investigating corruption allegations linked to telecoms group Altice, expanding a probe that began in Portugal and led to the arrest of the company’s co-founder last summer....
...The companies have committed to investing £11bn over 10 years to support the rollout of standalone 5G networks....
...Cook “certainly always gave the impression of someone who was very much in control of his brief”, said Crozier, now chair of telecoms group BT....
...The company took the bold move of going public, opening itself up to levels of scrutiny usually anathema to private investment groups....
...While the company has long had ambitions to enter the car market, some experts have previously questioned how it could succeed in the face of US sanctions....
...Saudi telecoms group STC made waves in Spain last year with a bid to buy 10 per cent of telecoms group Telefónica....
...The private equity group is set to go public as soon as this Friday, ending three decades as a closely held, fiercely private company....
...European telecoms group Lebara is examining a possible sale or initial public offering after emerging as a winner from the cost of living crisis....
...In a statement on Wednesday, Iliad said it had submitted a revised offer since going public with its first in December, but the FTSE 100 company had failed to accept it....
...It envisaged the two companies pooling their Italian assets in a 50-50 joint venture, a governance nightmare waiting to happen....
...Cat Hobbs, director of We Own It, which campaigns for public ownership of water companies, said the “£11mn is around 0.02 per cent of what’s needed”, referring to the £60bn of investment that water companies...
...While its Nigerian unit was hit, the telecoms company reported a 45 per cent increase in data traffic, and a 49 per cent jump in mobile money transactions....
...Opponents argued that they “didn’t want to have a big, public company way of thinking about stuff”....
...It is also unavoidable to manage more public spending jointly — through joint procurement, harmonised subsidy systems or more common debt for common public goods....
...Mackenzie, who recently stepped back from the company he founded more than 30 years ago, is expected to sell either 8.7mn or 10mn shares in Friday’s initial public offering, according to a prospectus published...
...The board is unfazed by Nwokorie’s lack of fashion retail experience or the fact that he has not run a public company....
...BT will this month launch its first roadside electric vehicle charging station, which will be connected to a street cabinet traditionally used for telecoms cables, as the FTSE 100 company seeks to tackle...
...CVC — which manages about €186bn in assets and this week confirmed plans to raise €1.25bn in an initial public offering on the Amsterdam stock exchange — has previously been active in the professional services...
...Outgoing BT boss Philip Jansen set in motion radical cost cuts at the telecoms company....
...But the initial public offering market in London has remained subdued in recent months, with many private companies holding off on listing plans until more favourable market conditions return....
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