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Xavier Neil is seeking financing to acquire the remaining 80% of Latin American telecom group Millicom through his investment vehicle, Atlas. Telco Buzz

Xavier Neil, the French telecom magnate, is seeking financing to acquire the remaining 80% of Latin American telecom group Millicom through his investment vehicle, Atlas. The move was disclosed after media reports surfaced, prompting an official statement from Atlas Investissement. The statement confirmed that Atlas is exploring a cash tender offer for Millicom, aiming for a purchase price of $24 per share.

ACMA initiated legal proceedings against Optus, the nation's second-largest telecoms provider, following a significant data breach in 2022. Telco Buzz

Australia’s Communications and Media Authority has initiated legal proceedings against Optus, the nation’s second-largest telecommunications provider, following a significant data breach in 2022. The ACMA has taken the matter to the Federal Court, accusing Optus of failing to secure its customers’ personal data, thereby breaching the Telecommunications (Interception and Access) Act of 1979.

Netcracker announced the extension of collaboration with Ooredoo Qatar. Netcracker will continue to provide Managed Services for Ooredoo. Telco Buzz

Netcracker Technology has announced the extension of its long-term collaboration with Ooredoo Qatar. This partnership will see Netcracker continue to provide Managed Services for Ooredoo’s Revenue Management and CRM solutions, supporting both B2C and B2B customers. The enhanced services will cover a broad spectrum of telecom and other sectors, including ICT, IoT, and Cloud, with plans to extend into Fintech and Entertainment.