Tele2 has told the UK’s Financial Times newspaper that it will seek further acquisitions after negotiating the sale of its Russian subsidiary to VTB, a state-controlled bank, earlier this month.
VTB (Moscow, Russia) paid $3.5 billion for the company after MTS (Moscow, Russia) and Vimpelcom (Moscow, Russia), Tele2’s biggest mobile rivals, had teamed up to offer as much as $4.25 billion.
Xavier Niel, the founder of French mobile-phone upstart Iliad, has suggested the operator may be preparing to launch 4G services during an interview with the Europe1 radio station.
“We will try to provide a surprise one day,” he is quoted as saying by Dow Jones Newswires.
The operator has been advancing rapidly in the 2G and 3G markets since launching services in early 2012 at a fraction of the prices charged by the country’s incumbents.
India’s Ambani brothers have come together on a network-sharing deal that represents their first collaboration since the Ambani business empire was divided between them in 2005.
Under a contract signed this week, Anil Ambani’s Reliance Communications (Mumbai, India) will share its fiber-optic network with Mukesh Ambani’s Reliance Jio Infocomm (Mumbai, India) in exchange for a one-off payment of INR12 billion ($220 million).
Reliance Communications will also be allowed to use the infrastructure of Reliance Jio Infocomm.
The move is a shift from last year's plan to cut over 500 jobs to cope with an intense price war brought on by the arrival of low-cost mobile group Iliad (Paris, France)
MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG's unit T-Mobile USA after two proxy advisory firms recommended that shareholders vote against it.
Proxy advisers Glass Lewis (San Francisco, CA, USA) and ISS (Rockville, MD, USA) have backed efforts by two key activist investors to block the deal by recommending that shareholders vote against it at a special meeting on April 12.
M2M module maker Sierra Wireless says it has become a sponsor of crowdsourcing platform MedStartr and will henceforth be the preferred provider of wireless communications technology for MedStartr companies.
MedStartr says it will gain direct access to a full range of connectivity solutions from Sierra Wireless (Richmond, Canada), helping MedStartr companies to accelerate product development.
MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG unit T-Mobile USA Inc after two proxy advisory firms recommended that shareholders vote against the deal.
Proxy advisers Glass Lewis (San Francisco, CA, USA) and ISS have backed efforts by two key activist investors to block the deal.
MetroPCS (Richardson, TX, India) said in a letter to shareholders on Monday there could be no assurance that it would be able to deliver better shareholder value as a stand-alone wireless company.
Wireless service provider Clearwire Corp
Clearwire (Bellevue, WA, USA), which is already majority owned by Sprint (Overland Park, KS, USA), said on Wednesday that it would continue talks with Dish (Meridian, CO, USA) but that it has not changed its recommendation in favor of its agreement with No. 3 U.S. mobile provider Sprint.
Telekom Austria has announced new mobile deals abandoning the unlimited data packages that have become commonplace and instead offering free voice and text messages.
The move, in Europe's most keenly-priced market, is a bet that soaring data usage can replace dwindling revenues from the former cash cows of voice and texts, which are coming under pressure from Web-based competitors.
Telekom Austria said on Thursday it would offer only the new tariffs after existing contracts ran out.