Nigerian 3G firm denies license sale

The future of the fourth Nigeria 3G license is the subject of speculation following reports that its owner – Nigerian conglomerate Dangote Group – cannot afford to launch services

India’s R-Com plans US1B telecom tower listing

Indian operator Reliance Communications (R-Com) is to partly sell-off its tower business in an IPO that could fetch the company US$1 billion. R-Com’s owner – billionaire businessman Anil Ambani – told an annual general meeting of shareholders yesterday that the operator would offer 10 percent of its tower business, Reliance Infratel, to investors, reports Financial Times.

Etisalat buys Millicom’s Sri Lankan ops for US155M

Luxembourg-based Millicom has sold its Tigo-branded mobile network in Sri Lanka to Etisalat for US$155 million in cash, ending months of speculation over the identity of an eventual acquirer. Previous names in the frame include Bharti, BSNL, VimpelCom, Axiata and NTT Docomo.