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Telekom Austria raises €997M in cash call

Telekom Austria has finalised a share sale through which it raised €997 million. Among other objectives, the net proceeds will be used to pursue M&A opportunities so the operator can strengthen existing operations through in-market consolidation, as well as diversifying in those …

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NII Holdings unveils restructuring plan

NII Holdings, which runs mobile operations in three Latin American markets under the Nextel brand, announced a restructuring plan with which it hopes to exit the bankruptcy protection it entered in September. Steve Shindler, NII Holdings CEO, said the plan “provides …