German phone company Deutsche Telekom will pick a buyer for its online classified advertising business Scout24 from four private equity firms, Focus magazine reported on Saturday.
Bidders Apax (London, UK), Silver Lake (Menlo Park, CA, USA), Hellman & Friedman (San Francisco, CA, USA) and TPG Capital (Fort Worth, TX, USA) must submit final bids by the end of October, the weekly magazine said, without citing a source.
The price range for Scout24 continues to be 1.5-2.0 billion euros ($2.03-2.70 billion), according to Focus.
Chinese telecommunications equipment maker Huawei plans to create 5,500 jobs in Europe within five years as the company expands its services in the region, state-owned newspaper China Daily said on Saturday.
Huawei (Shenzhen, China), the world's second largest maker of telecoms communication equipment, is to offer information technology solutions to European businesses, Patrick Zhang, president of marketing and solutions at Huawei Enterprise Business Group, told the newspaper.
AT&T Inc said on Friday it is exploring options such as a sale of its wireless broadcast towers but noted that its ability to reach a deal would depend on the terms it is able to reach with the buyer for its ongoing use of the towers.
When wireless service providers sell broadcast towers they typically lease back space from tower operators so they can continue to offer their services without interruption.
Bloomberg reported earlier this week that AT&T (Dallas, TX, USA) had hired bankers for a sale of its towers that could fetch about $5 billion.
Huawei Technologies Co Ltd expects to take in more than $2 billion in revenues selling 4G gear this year as global carriers from China to Europe expand their networks, senior company executives said on Wednesday.
Even though 4G LTE (long-term evolution) promises faster video streaming and Internet downloads, the cost of smartphones would need to come down before the technology can enter the global mainstream, they told reporters in a briefing.
Europe’s national regulatory authorities (NRAs) have rounded on proposed reforms by the European Commission (EC), arguing that regulation is being rushed through and will have dire implications for investment, competition and consumers across the region.
In a statement issued earlier this week, the Body of European Regulators for Electronic Communications (BEREC), which represents the interests of Europe’s NRAs, expressed concern that new rules would mark a shift away from a pro-competition approach to one that favored market consolidation.
AT&T Inc is planning to announce on Wednesday that it will expand its Latin American reach for business customers through a collaboration with Mexican billionaire Carlos Slim's America Movil.
AT&T (Dallas, TX, USA) will be able to do business in 15 countries, including Argentina, Chile and Colombia, through connections with America Movil (Mexico City, Mexico) networks, according to a representative for AT&T.
Investors have reacted glumly to the announcement by Oman’s government of plans to sell a 19% stake in Omantel, causing shares in the telecoms incumbent to fall to a ten-week low, reports Reuters.
Authorities have resurrected a plan to sell shares first unveiled in 2007, when eight operators from Europe, the Middle East and Asia managed to prequalify for the sale.
The UK’s Virgin Media Business says it has launched a 4G service aimed at private- and public-sector organizations over the network of mobile market leader EE.
A joint venture between Deutsche Telekom (Bonn, Germany) and France Telecom (Paris, France), EE (Hatfield, UK) has been investing heavily in the rollout of its 4G network, which now covers about 60% of the UK population, according to Virgin’s statement.
Vodafone Netherlands has become the world’s first operator to deploy an entirely scalable small cell system for its enterprise customers.
The technology is being supplied by SpiderCloud Wireless (San Jose, CA, USA) and is designed to boost in-building capacity and coverage for the operator’s range of enterprise customers.
The system can be installed much faster than older small-cell technologies and incorporates a node allowing the operator to control more than 100 multi-access small cells.
The surveillance court that oversees the U.S. government's massive collection of telephone data gave its fullest defense to date on Tuesday of why it considers the program lawful, despite the uproar after its existence was made public in June.
In an opinion dated August 29 and released on Tuesday, Judge Claire Eagan of the U.S. Foreign Intelligence Surveillance Court wrote that the program did not violate the basic privacy rights of Americans and was authorized under the 2001 law known as the Patriot Act.