AT&T says it has completed the acquisition of spectrum from rival operator Verizon Wireless that will help it speed up the deployment of its high-speed 4G network.
The operator has paid $1.9 billion for a swathe of 700MHz licenses covering some 42 million people in 18 states.
Besides the cash payment, AT&T (Dallas, TX, USA) has also transferred to Verizon (New York City, NY, USA) several Advanced Wireless Services (AWS) licenses covering Phoenix (AZ), Los Angeles (CA), Fresno (CA), Albuquerque (NM) and Portland (OR).
UK operator EE has reportedly won a £300 million ($473 million) deal to provide mobile-phone services to Virgin Mobile over a five-year period.
According to a report from the UK’s Financial Times newspaper, the operator secured the agreement despite strong competition from other mobile network operators and is set to make an official announcement later this week.
Scandinavia’s TeliaSonera has taken a SEK0.4 billion ($61 million) hit on the sale of its 57% stake in Nepal Satellite to Zhodar Investment, blaming legal and regulatory challenges for its exit.
The operator had built up its stake in the Nepalese operator through a series of acquisitions in 2011 and 2012, hoping to strengthen its operations with a “complementary brand”.
TeliaSonera (Stockholm, Sweden) already owned a Nepalese mobile operator called Ncell, which it bought in 2008, and says it will be free to concentrate on that business following the Nepal Satellite sale.
Mexico's Senate on Tuesday approved seven nominees to head a new telecommunications regulator created by a sweeping sector overhaul that seeks to boost competition and tame billionaire Carlos Slim.
The regulator, known as Ifetel, will replace a weaker regulatory agency and have new powers to police a telecommunications market dominated by Slim's America Movil (Mexico City, Mexico) and Televisa (Mexico City, Mexico).
Egyptian billionaire and telecoms tycoon Naguib Sawiris may be interested in acquiring a stake in Telecom Italia but remains concerned about the Italian government’s alleged preference for a deal involving Spain’s Telefonica, reports Dow Jones Newswires.
Various members of the Telco consortium, which controls 22.4% of Telecom Italia (Milan, Italy), were last week said to be interested in cashing in their shares, with Vodafone (Newbury, UK), SoftBank (Tokyo, Japan) and America Movil (Mexico City, Mexico) all cited as potential buyers.
Dutch telecoms group KPN, the subject of a takeover bid by Mexico's America Movil, said on Monday its chief financial office Eric Hageman had resigned with immediate effect, only a year after taking the job.
The group said in a statement that Hageman was resigning due to personal circumstances and that this was not related to working relationships or the present situation of the group.
"KPN [The Hague, Netherlands] will make a further announcement regarding the CFO role as soon as possible," KPN said.
French telecoms incumbent Orange is speeding up the pace of its 4G deployment and claims to have reached the important milestone of covering all of Paris with the high-speed network.
By the end of September, the operator says its 4G service will cover 70 “agglomerations” – meaning cities and surrounding urban areas – including more than 500 towns across the country.
Moreover, having originally planned to provide services to 30% of the French population by the end of 2013, Orange (Paris, France) is now aiming for a target of 40%.
UK mobile operator EE has already reached its end-2013 target of signing a million customers up to its 4G service, the operator said in a statement today.
EE (Hatfield, UK) became the first operator in the UK to launch an LTE network at the end of October 2012, after regulatory authorities controversially allowed the company to offer 4G services over spectrum originally provided for use with 2G.
South Korea’s SK Telecom has announced plans to increase the speed and coverage of its 4G service by using spectrum it acquired in August.
The operator picked up another 35MHz of spectrum in the 1800MHz band and plans to combine this with other holdings to provide LTE services of up to 150Mbps.
In a statement, SK Telecom (Seoul, South Korea) said that all LTE customers using a number of devices – including Samsung’s (Seoul, South Korea) Galaxy S3 and Apple’s (Cupertino, CA, USA) iPhone 5 – would be able to enjoy 100Mbps services without having to pay additional charges.
American Tower Corp said it would buy the parent of telecom tower operator Global Tower Partners for $3.3 billion as it seeks a bigger share of the billions of dollars that U.S. telecom carriers are spending to upgrade their networks.
American Tower (Boston, MA, USA) shares rose about 4.5 percent in late morning trade on the New York Stock Exchange as investors cheered the acquisition, the latest in a string of deals in the sector.