RESEARCH IN MOTION UNVEILS UAE PARTNERSHIPS
RIM co-chief executive Jim Balsillie announced a series of partnerships with the United Arab Emirates’ telecom regulator and two state-backed operators on Monday. One plan, for example, is to launch a BlackBerry application that would allow Dubai-based users to pay utilities bills via smartphones. The deals mark a dramatic shift in relations between the Canadian company and the UAE.
WIND HELLAS SECURES DEBT REVAMP
Greece’s third-largest mobile company, Wind Hellas, has chosen a proposal from a group of its senior secured bondholders – which include a unit of Providence Equity, Eton Park and Taconic Capital and distressed debt funds Mount Kellet Capital, Angelo Gordon and Anchorage Advisors – that involves taking 100 percent of the company’s shares in exchange for agreeing to erase EUR1.225 billion in debt, FTwrites.