MILAN (Reuters) - A small company renting out optical fiber cables in Milan has become the subject of a fierce takeover battle between Telecom Italia and global mobile giant Vodafone, with a national high-speed fiber network seen as the ultimate prize.
Both companies have set their sights on buying a controlling stake in Metroweb that infrastructure fund F2i is selling.
MILAN (Reuters) - The Italian arm of mobile phone group Vodafone believes that so-called other licensed operators (OLO) should be allowed to take a stake in Metroweb if infrastructure fund F2i sells its controlling holding in the Italian fiber optic network firm, Vodafone said in a letter to Italy's competition watchdog AGCM.
WASHINGTON (Reuters) - AT&T Inc sought to clarify to U.S. regulators its plans to pause investments in high-speed Internet connections until "net neutrality" rules are settled, saying in a letter on Wednesday that the plans related to new and not existing commitments.
The Federal Communications Commission earlier this month pressed the company to explain its plans to stop investing in high-speed Internet connections in 100 cities until the agency sorts out new "net neutrality" rules for how Internet service providers manage web traffic on their networks.
(Reuters) - Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan.
To be named "FASTER," the cable network will have an initial capacity of 60 terabits per second and will connect Los Angeles, Portland, San Francisco, Oregon and Seattle to Chikura and Shima in Japan.
With the introduction of the iPhone in 2007 came the beginning of a global mobile revolution. Since then, mobile computing has transformed every aspect of our lives with smartphones and tablets outselling laptop computers as the primary means of network communication. In fact, this growth will only accelerate in the coming years, as the next wave of mobilization will create even more data from enterprise mobility, wearable computing and the Internet of Things (IoT).
PARIS (Reuters) - Telecoms operator Orange's investment in faster fiber and mobile broadband networks in its French home market has started to pay off, as its high-end focus insulates it from cut- price fixed plans offered by rival Bouygues.
As France's largest carrier reported second-quarter results in line with forecasts on Tuesday, it said that some 60 percent of new mobile customers were signing up for high-end plans that include 4G and that 50,000 new customers had signed up to its fiber broadband offers, taking the total to 415,000.
TOKYO (Reuters) - Japan's KDDI Corp and SoftBank Corp said bigger rival NTT DoCoMo Inc (DoCoMo) could gain too much control of the wireless telecommunications business should DoCoMo's parent offer its fibre-optic broadband for resale.
Former state monopoly Nippon Telegraph and Telephone Corp (NTT) in May said it planned to sell its fibre-optic broadband to mobile phone network providers, which can then re-brand the service and sell it together with mobile phone contracts.
(Reuters) - U.S. businesses' burgeoning demand for data and video is fueling a revival in fiber optic services, an industry once decimated by overbuilding during the dotcom era.
The recovery is leading to a number of acquisitions as the largest telecom companies duke it out with cable operators and telecom providers such as Level 3 Communications Inc to serve corporate customers.
(Reuters) - Google Inc is considering an investment in a new cable across the Pacific Ocean, the Wall Street Journal reported citing people familiar with the matter.
The move comes as technology companies send an increasing amount of traffic across private networks, the report said. (on.wsj.com/1isOMAv)
Google took a stake in a similar $300 million cable in 2010, according to the report. The Internet search company would use the new subsea cable to connect data centers in Oregon and Japan, the report said.
Level 3 Communications Inc will buy internet services provider tw telecom Inc for more than $5.6 billion in cash and stock to expand its commercial fiber network in the United States.
The $40.86 per-share deal represents a premium of 12 percent to tw telecom's Friday closing price on the Nasdaq. The total deal value is based on outstanding shares as of April 30.
Tw telecom shares, which have not traded over $40 since 2001, reached an intraday high of $40.51.