Telekom Austria (Vienna, Austria) has slashed its dividends by 87% in the same week that Mexican billionaire Carlos Slim secured a 23% share in the incumbent operator.
In a statement released this week, the company said it would cut its dividend from €0.38 to €0.05 per share this year and maintain that figure throughout 2013.
Teliasonera (Stockholm, Sweden) will kick off the sale process for its Spanish mobile operator, Yoigo, in the next two weeks in a deal that is expected to attract bids from France Telecom (Paris, France) and Vodafone (Newbury, UK), three people familiar with the matter said.
Information documents are set to go out soon to bidders, the people told Reuters, after being delayed over the summer by holidays and the departure of Yoigo's chief executive.
Singapore state investor Temasek Holdings (Singapore) will sell as many as 500 million shares in Singapore Telecommunications Ltd (Singapore) to raise up to $1.34 billion, according to a term sheet seen by IFR late on Tuesday.
The transaction comprises a base size of 400 million SingTel shares at S$3.20 and S$3.25, which works out to around S$1.3 billion ($1.06 billion). It includes an upsize option for another 100 million shares that if exercised will raise the deal size to $1.34 billion.
A Temasek spokesman confirmed the sale.
Cisco’s chief executive John Chambers has named a number of potential successors, according to Bloomberg, prompting speculation about his retirement from the role.
According to Chambers, the candidates for the top job at the maker of internet switches and routers include Gary Moore, the chief operating officer, Robert Lloyd, executive vice president of worldwide operations, Chuck Robbins, senior vice president of the Americas, and Edzard Overbeek, senior vice president of global services.
The introduction of smart meters to the UK could lead to savings of £65 a year for the average household, according to a new report from British Gas (Staines, UK) and Oxford Economics.
According to the study, the rollout of smart meters across the UK will lead to savings of approximately £14 billion ($22.7 billion) between 2012 and 2030, equating to an average saving per household of about £65 a year.
M2M could fail to live up to its billing as the next big thing unless someone takes initiative and stops the fragmentation that currently afflicts the industry.
That seemed to be the message coming out of M2M: Beyond Connectivity, a seminar organized by European Communications magazine in London last week, where analyst speakers presented a rather pessimistic assessment of the state of the market.
Nissan’s North American business has struck a deal with SiriusXM (New York, USA) under which the company known primarily as the world’s biggest radio broadcaster will supply a range of telematics services for Nissan-branded vehicles.
Nissan (Yokohama, Japan) claims it is the first carmaker to introduce some of the SiriusXM offerings, including 24/7 emergency support for accidents, stolen vehicle tracking and roadside assistance.
Customers are also set to benefit from the simplicity of a consolidated bill for audio entertainment and a central site to manage subscriptions.
Orange Business Services (Paris, France) has teamed up with telematics specialist Openmatics (Friedrichshafen, Germany) to provide M2M services that can be used on trucks and buses.
The France Telecom-owned company has signed what it calls a strategic partnership with Openmatics, which is in the process of developing its offer by adding more applications to its platform.
Itron (Liberty Lake, USA), a manufacturer of energy-saving meters for utilities, claims to have won a contract to provide smart meters in Melbourne and other parts of Victoria State, allowing water utilities to better manage consumption.
The deal will help City West Water, South East Water, Yarra Valley Water and Barwon Water manage supply, optimize usage and conserve water resources, and follows Itron’s completion of a three-year contract to provide water meters and an advanced meter reading system to the four utilities.
Nayax (Tel Aviv, Israel) and Telit (Rome, Italy) have announced a deal to expand their cashless payment services into hundreds of vending machines operated by Scandinavia’s Selecta Nordic (Stockholm, Sweden).
The company operates vending machines in Sweden, Norway, Denmark and Finland and has already installed the Nayaxvend-Telit product in about 200 vending machines throughout Scandinavia.
It says additional machines are slated to be equipped in the coming months.