Financial

Etisalat’s Pakistan affiliate has made a bid for Warid Telecom, a move that could spark a bidding war with China Mobile and VimpelCom.

Portugal Telecom (PT) and Oi, Brazil’s fourth-largest mobile operator, have agreed to combine in a bid to create the leading operator in Portuguese-speaking markets.

Masayoshi Son, SoftBank founder and CEO, warned that it may take as long as two years to revive the fortunes of Sprint following the Japanese company’s acquisition of the struggling US number-three operator, reports Reuters.

Troubled Canadian operator Mobilicity filed for and received creditor protection, as it looks to complete a deal which would keep it as a going concern.

Talks for Etisalat to acquire a 53 per cent stake in Maroc Telecom from French media group Vivendi are continuing, with the validity period for the binding offer and period of exclusivity granted to Etisalat extended to 31 October.

BlackBerry confirmed its anticipated poor results for the quarter to 31 August 2013, with Thorsten Heins (pictured), the company’s CEO, stating: “we are very disappointed with our operational and financial results this quarter and have announced a series of major…

Vodacom is in talks to buy a controlling stake in South Africa’s Neotel, said Bloomberg, in what would be the latest example of parent Vodafone bolstering mobile market share with the addition of fixed services.