MegaFon , the Russian mobile operator, is to borrow up to US$2 billion from a group of banks, reports Reuters, as it prepares to buy back a 25.1 percent stake owned by Altimo.
An advocacy group in Nigeria is unhappy about government plans to establish a state-owned National Communications Satellite Corporation, reports the country's Daily Times, as it feels it will undermine the telecom regulator and be in competition with companies it has issued licenses to.
Virgin Media Inc. (Nasdaq: VMED) has got itself into trouble with the British Broadcasting Corp. (BBC) for alluding a little too obviously to the broadcaster's iconic Doctor Who program/character/worldwide überbrand in an ad for its TiVo Inc. (Nasdaq: TIVO)-powered cable TV service, reports Metro. The ad, now pulled, starred the former Doctor Who actor, David Tennant, though as any right-thinking individual will tell you, Tom Baker is the real Doctor. (Alert to IT department: Clear some space on the message boards...)