Teliasonera is selling its Spanish mobile operator Yoigo, four people familiar with the matter said, in a $1.2 billion plus deal that could attract tycoon Carlos Slim, Vodafone and France Telecom as bidders.
The Nordic telecoms group has hired Deutsche Bank to manage the disposal of its 76% stake in Yoigo (Madrid, Spain), the sources said, as it exits non-core markets in favor of its Scandinavian heartland and higher-growth central Asia.
On Wednesday, FreedomPop, a mobile virtual network operator (MVNO), and Sprint announced the formation of a strategic wholesale relationship that will allow FreedomPop to use Sprint’s 3G network and 4G LTE network, which is set to launch next week.
The telecoms regulator is prepared to approve Verizon Wireless' plan to buy airwaves from cable companies, according to people with knowledge of the situation, though the company still has to convince the Justice Department that the deal will not lead to higher prices for consumers.
Juniper Networks, a network systems provider, on Wednesday announced that Telefonica Digital has selected Juniper Networks Junos Pulse Mobile Security Suite to create a branded mobile security service for its consumer customer base across Europe.
Calix, Inc. on Thursday released excerpts for its latest U.S. Rural Broadband Report, based on Internet traffic information drawn from over 50 U.S. communications service provider networks from the first quarter (January through March) of 2012.
Australia's Telstra will sell its struggling New Zealand operations to mobile operator Vodafone in a $670 million deal, threatening Telecom New Zealand's dominance and potentially making it a future takeover target.
Under the sale, Vodafone New Zealand said it will acquire TelstraClear's (Wellington, New Zealand) fixed-line and Internet operations, which hold only 16% of New Zealand's broadband market but will now have the muscle to compete head-on with much larger Telecom.
Shares of ZTE Corp, the world's fifth largest telecommunications equipment maker, hit a three-year low on Tuesday on worries about earnings and concerns over a subsidies dispute between the European Union and China, analysts said.
ZTE's (Shenzhen, P.R.C.) Hong Kong-listed shares fell by as much as 8% to HK$13.00 in morning trade, the weakest level since late March 2009. The stock has fallen about 45% so far this year.
On Tuesday, seven mobile operators announced they had entered into a global alliance to collaborate their M2M businesses. KPN, NTT DOCOMO, Rogers, SingTel, Telefónica, through its Telefónica Digital unit, Telstra and Vimpelcom are all part of this M2M alliance. Most notably, no carrier from the United States, specifically AT&T, has joined the partnership.
Natural disasters demonstrate that, despite ongoing efforts to improve electric power transmission reliability, the risk of prolonged regional blackouts remains a significant concern.
Telit Wireless Solutions, a provider of machine-to-machine (M2M) modules and services, on Tuesday announced the establishment of m2mAIR, a new business unit offering M2M managed and value-added services including connectivity.