Financials

BT sells off Tikit in the UK, raising around £80m
The legal and accounting firm has been acquired by UK software firm, Advanced
BT Group to sell off its French operations for €118 million
BT Group has also sold off a number of assets in Latin America this week
5G and next generation connectivity underpin strong financials for Etisalat in 2019
Etisalat’s board has approved a dividend of 80 fils per share, following strong FY2019 report
Indian telcos request emergency access to additional spectrum to during Covid19 quarantine
The Cellular Operators Association of India has written to the India's Department of Telecoms to request access to additional spectrum
Softbank announces colossal $41bn asset sale programme in bid to rein in debt
The announcement comes on the heels of a $4.5bn share buyback initiative announced earlier this year
Investment in next-gen spectrum is the key, as Zain Group posts strong financials for 2019
Zain Group says that its huge investment in 5G rollouts in Kuwait and Saudi Arabia, and network expansion are paying off, with a subsequent 5G launch in Bahrain coming shortly
Indian telcos must pay full AGR dues now, as Supreme Court quashes DoT's request for 20 year payment terms
India’s highest court has also questioned why the Department of Telecoms has allowed the country’s telecoms giants to self-assess the amount they owe
MTN Group agrees to pay $100m in taxes as it prepares for Ugandan listing
MTN Group will also secure a licence to operate in Uganda for the next 14 years