In Brief:China Mobile 4G Customer Base Nears 410 Million 

China Mobile says that the number of its 4G mobile users surpassed 409 million at the end of May.In May,there were nearly 17.9 million new 4G mobile users, an increase of 20 percent from 2015,.China Mobile said that it has also brought mobile services to more than 120,000 remote villages and broadband services to more than 30,000 villages, helping the coverage of mobile telecommunications services in rural areas to reach 99.5 percent.

***Two of Egypt's telecoms operators have been offered additional licenses to expand their services. The state-owned Telecom Egypt has been granted the long anticipated license to launch 4G phone services.The company said that it had been granted the license, but did not elaborate on the details.The company is currently the monopoly landline operator in the country, and is 80 percent owned by the government. It also owns a 44.95 percent stake in Vodafone Egypt, and it is widely expected that it will be required to sell that stake to avoid conflicts of interest.

***Mauritius-based tower management firm IHS Towers has completed its acquisition of 1,211 tower sites from Helios Towers Nigeria (HTN). Under the agreement, IHS acquired the entire issued share capital of HTN, taking full operational control of the underlying business. HTN’s towers will be integrated into the IHS network and connected to IHS’s network operating centre. The company will also work to roll out its renewable energy solutions and diesel reduction initiatives whilst maintaining ‘unparalleled’ uptime. IHS notes that there are ‘meaningful synergies’ that will be derived from the transaction, given a considerable portion of its portfolio is located in Nigeria.

***Brazilian telecoms giant Oi has filed the largest bankruptcy request in the country’s history, after failing to reach an agreement with creditors, Bloomberg reports. The filing, which covers Oi and six subsidiaries, lists BRL65.4 billion (USD19.2 billion) of debt, and the company has said that it chose judicial reorganisation to preserve the value of its holdings and to continue providing service to its customers. Oi’s board decided to move ahead with the filing after determining that the company was unlikely to get approval from shareholders and creditors for a voluntary exchange offer in time to make the next debt payment, two people familiar with the matter have claimed.

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