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RCOM sees little interest in global asset sale
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Vincent Tan to sell 33 percent stake
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Telmex reveals 4Q net profit increase despite culling fixed voice customers
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Despite having offered up its global assets for sale more than a month
ago, India’s Reliance Communications (RCOM) has yet to receive much
interest for a package that includes the FLAG undersea network, which
owns and operates some 65,000km of undersea fibre-optic cable that is
utilised for broadband operations across the world.
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Tan Sri Vincent Tan, the president of the Berjaya Group and the single
largest shareholder in Malaysia’s fourth-placed mobile network operator
U Mobile, is understood to have agreed a deal to sell a part of his
stake in the cellco.
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Mexican fixed line incumbent Telefonos de Mexico (Telmex) has revealed
a 67.7% year-on-year increase in net profit for the three months ended
31 December 2009.
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