TIM Participacoes (Sao Paulo, Brazil), Brazil's second-largest wireless phone company, said on Tuesday its controlling shareholder Telecom Italia has no plans to sell part of its stake in the Brazilian company.
The statement from TIM Participacoes came in a securities filing responding to a report by newspaper Valor Economico that Telecom Italia (Rome, Italy) was preparing to sell some of its 67% stake in the local company, calling TIM Brazil, while retaining control.
Sprint Nextel (Overland Park, Kan., U.S.A) sued to stop AT&T Inc's (Dallas, Texas, U.S.A.) $39 billion purchase of T-Mobile USA (Bonn, Germany), staking out its own private antitrust claims alongside the U.S. government's challenge to the deal.
Sprint may have filed its own case in the event that the Justice Department comes to a settlement with AT&T, said Eleanor Fox, a professor at New York University School of Law.
"It may want to have its action out there just in case," she said.
France's highest administrative court rejected a bid by telecom operator Iliad (Paris, France) to block the government's auction of fourth-generation mobile licenses. Broadband provider Iliad had petitioned France's Conseil d'Etat for an emergency injunction to suspend the auction, set to begin on September 15, saying it was not fair to all telecom operators.
Below is a list of new products announced this week in the telecom industry.
Ceragon: compact, all-outdoor packet for 4G/LTE backhaul
Ceragon Networks Ltd. (Paramus, N.J., U.S.A.), a wireless backhaul vendor, announced the release of a compact, all-outdoor, high-capacity wireless packet for 4G/LTE backhaul.
On Monday, Kenya announced that it invites investors interested in partnering with the country to build a fourth-generation Long Term Evolution (LTE) services network, as it plans to ramp up investment in the country's telecoms industry.
On Tuesday, Elster (Raleigh, N.C., U.S.A.), a manufacturer of advanced meter infrastructure, announced that its integrated universal meter and radio platform, the REXUniversal meter, is expected to be commercially available in North America in the second quarter of 2012. Elster's REXUniversal meter platform allows smart grid vendors' 900MHz radio frequency (RF) mesh communications to run natively on the identical REXUniversal meter hardware with integrated communications, economically delivering meter and network flexibility to utilities, according to Elster.
Raritan (Somerset, N.J., U.S.A.), a supplier of asset tracking technology, last week announced the availability of the intelligent Asset Management Tag and Sensor for improving data center asset management by providing accurate, real-time information on all IT assets and their locations.
Machine-to-machine (M2M) communications received a new lease of life after telecom service providers reorganized their traditional M2M solutions to enable a world of interconnected machines and objects, according to research firm Frost & Sullivan (Mountain View, Calif., U.S.A.). However, in a highly competitive market, M2M providers should look for new revenue streams for a sustainable market edge.
Last week, the Smart Grid Research Consortium, an independent research Consortium open to electric cooperatives, municipal and other public utilities, released a scorecard for utilities to evaluate their smart grid investment and planning process.