United Group sells SBB Serbia to e& PPF Telecom for €825M

Given its recent troubles, the Moody’s Ratings downgrade of operator Telefonica del Peru’s Corporate Family Rating (CFR) and senior unsecured rating to Caa1 from B2 is not great news.

Airtel Africa reported customer base and profit growth, but continued to grapple with currency devaluation on the continent as revenues and EBITDA declined.