As reports surfaced late last week that Softbank and Deutsche Telekom were nearing an official agreement to merge US wireless giants Sprint and T-Mobile, the latest developments have revealed the financial details of the transaction.
According to reports, the companies have agreed that T-Mobile will be acquired for $32 billion. Unnamed …read more
Just days after disgraced Los Angeles Clippers owner Donald Sterling filed a questionable antitrust lawsuit against the NBA over the team’s sale, reports say Sterling is now surrendering to the association’s demands.
According to reports, Sterling will agree to a sale of the team and has dropped the lawsuit.
The filing was …read more
As Airtel Networks looks to compete in Kenya’s mobile-money transfer industry, reports say the company has requested that antitrust officials probe market leader Safaricom over allegations the company is abusing its dominant position.
Airtel is set to enter the mobile-money transfer industry next month through a joint venture with top lender …read more
In what is India’s first-ever instance of foreign investment in a domestic supermarket retailer, reports say UK grocery giant Tesco has entered India’s market.
Tesco joined local retailer Tat’s Trent through a joint venture, reports say, as Tesco announced that the partnership is now fully in place.
The 50-50 joint venture received …read more