French mobile operator Bouygues Telecom is selling 2,166 of its masts to Antin Infrastructure, and will take a 15 percent stake in France Pylones Services, the company formed to manage the masts. Bouygues, which is one of a group of operators struggling to compete with cut-price market entrant Free Mobile , will make around €185 million (US$240 million) from the transaction.
Bankers are reporting strong interest in the forthcoming initial public offering (IPO) of shares Russian operator MegaFon on the London stock exchange, writes the Sunday Telegraph. Demand from European investors has been particularly high, says the paper.
South Africa's Competition Commission wants to increase a 449 million rand ($50 million) fine imposed on operator Telkom SA Ltd. (NYSE/Johannesburg: TKG) for anti-competitive behavior to a more heart-stopping ZAR3.5 billion ($394 million), reports Reuters.