RIO DE JANEIRO/PARIS (Reuters) - Brazil’s Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country’s second-biggest wireless carrier and upstaging merger bids by foreign rivals.
Oi said on Wednesday that it hired Brazilian investment bank and shareholder Grupo BTG Pactual SA to explore alternatives to acquire Telecom Italia SpA's 67 percent stake in TIM Participações SA, the country's second biggest wireless carrier.
SEOUL (Reuters) - Shareholders of South Korean internet portal operator Daum Communications Corp and messaging app company Kakao Corp on Wednesday approved a merger of the two firms in an all-stock deal that values Kakao at more than $3 billion.
Kakao's KakaoTalk is the undisputed chat leader in South Korea, but its global user base is far smaller than the likes of Facebook Inc's WhatsApp or Naver Corp's Line.
The merger with Daum, South Korea's No. 2 internet search company, will give Kakao new lines of revenue and boost its resources for overseas expansion.
WASHINGTON (Reuters) - AT&T Inc is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former chief executive of the company's wireless segment, a spokesman for AT&T said on Tuesday.
The announcement comes as cable companies try to lure business customers away from traditional telecommunications carriers. To become a more seamless competitor, AT&T has been combining its wireline and wireless operations, including customer care and network operations.
SINGAPORE - In 1Q 2014, the worldwide mobile service revenue increased 0.58% year-on-year (YoY) to US$264 billion according to ABI Research, and the aggregate service revenue for 2014 will grow 2.9% YoY to US$1.01 trillion, mainly driven by the robust growth of the mobile Internet market. Proliferating mobile data subscriptions and enhanced network capacity will drive global mobile Internet service revenue to US$456.7 billion by 2019—44.7% of total mobile service revenue.
SHANGHAI (Reuters) - China could have a new homegrown operating system by October to take on imported rivals such as Microsoft Corp, Google Inc and Apple Inc, Xinhua news agency said on Sunday.
Computer technology became an area of tension between China and the United States after a number of run-ins over cyber security. China is now looking to help its domestic industry catch up with imported systems such as Microsoft's Windows and Google's mobile operating system Android.
BEIJING (Reuters) - IBM will help China's largest server vendor Inspur International design server systems, the two companies said on Friday, an unexpected development in what has been a politically charged rivalry in the Chinese technology market.
Since last year Inspur has aggressively marketed its servers to Chinese state-owned firms as a replacement for IBM (International Business Machines Corp) systems while U.S.-China relations have worsened dramatically over mutual suspicions of cyber-spying.
WASHINGTON (Reuters) - Sprint Corp's cellular plan with more generous data allowances may fall short in overcoming defections by clients concerned about disruptions in the No. 3 cellular carrier's network, analysts say.
The new plan, which doubles the company's data offerings and provides a credit of up to $350 for customers switching from other carriers, does not benefit existing Sprint subscribers, who are kept on their original, more expensive pricing plans.
ACCRA (Reuters) - Ghana company Surfline Communications launched the country's first 4G data network on Tuesday in partnership with French technology company Alcatel-Lucent, making Ghana the sixth nation in sub-Saharan Africa to get the high speed service.
The wholly-owned company invested more than $100 million for the first phase of the Long-Term Evolution (LTE) network, which has 300 cell sites, according to Chairman John Taylor, who owns a string of oil-related businesses, and wholly owns Surfline.
WASHINGTON (Reuters) - Cox Communications Inc [COXC.UL] is not interested in merging with wireless carrier T-Mobile US Inc or rival cable providers, Cox President Pat Esser said on Tuesday, dispelling rumors recently swirling about the private company.
"We're not in any discussions to buy T-Mobile," Esser told Reuters. "I don't see a movement inside of our company that we feel like we have to pony up or match up with a wireless company."
TAIPEI (Reuters) - The launch of new tech products such as Apple's iPhone 6 will help Taiwan remain one of Asia's stronger exporters, bolstering its economic prospects this year amid a patchy global recovery.
After the government raised Taiwan's GDP outlook for 2014 last week, export orders on Wednesday will provide more evidence that prospects have improved for the trade-reliant economy. A manufacturing survey in July showed new export orders grew at their fastest rates since January 2011.