Telecom operator Telia on Wednesday reported first-quarter core earnings above market expectations, helped by cost cuts and growth in its telecom business in the Nordic markets.
Mexican telecommunications giant America Movil posted on Tuesday a 2.1% dip in first-quarter net profit from a year earlier, to 30.15 billion pesos ($1.7 billion), mainly due to smaller gains from foreign currency earnings as the peso strengthened.
Virgin Media O2 has kicked off the sale of all or part of its share in Cornerstone, which owns and manages Britain's largest mobile tower network and is likely to be valued at up to 3 billion pounds ($3.73 billion), the Financial Times reported on Thursday.
PT Telekomunikasi Selular (Telkomsel), the Indonesian associate of Singapore Telecommunications (Singtel), has agreed to merge with its parent's IndiHome broadband arm to create an entity worth 58.3 trillion rupiah ($3.9 billion), the companies said on Thursday.