Samsung Electronics, juggling $60 billion cash, bulks up on bonds

Banks increasingly wary that phone maker could withdraw short-term deposits

Reuters

SEOUL (Reuters) - Samsung Electronics Co Ltd is buying more local bonds with its $60 billion cash pile as domestic banks grow reluctant to overload on deposits from the South Korean giant.
 
The investments by the world's biggest smartphone maker underscore the challenge of managing its huge and growing reserves, with banks increasingly wary that it could withdraw short-term deposits upon maturity and create funding problems.
 

SoftBank CEO: sees new movement, hopes for more discussion after resistance on T-Mobile

U.S. authorities reluctant to reduc the number of main wireless providers

Reuters

TOKYO - SoftBank Corp CEO Masayoshi Son, who has met resistance from U.S. regulators to a possible acquisition of wireless carrier T-Mobile US Inc, on Tuesday said there had been new movement in the past few months and expressed hope for more discussion.
 
He reiterated in an interview with a handful of reporters his stance that it would be good for U.S. consumers if his Sprint Corp, the No.3 U.S. mobile provider which SoftBank acquired last year, could become bigger and compete more effectively with the two largest carriers.
 

InterDigital patents not violated by two phone makers: judge

Handsets made by ZTE Corp and Nokia, now owned by Microsoft, do not violate patents for wireless phones

Reuters

WASHINGTON (Reuters) - Handsets made by ZTE Corp and Nokia, now owned by Microsoft Corp, do not violate InterDigital Inc's patents for wireless phones, a U.S. International Trade Commission judge said in a preliminary ruling released on Friday.

 

The full commission is expected to issue a final ruling in October.

 

InterDigital shares plunged more than 10 percent on the ruling, and but they recovered somewhat and were down about 7.3 percent in late-afternoon U.S. trading. 

 

China Mobile: of 750 Million Users, Most Still on 2G phones

Chair Xi Guohua tells shareholders of plans for 3G/4G upgrades, funding for 5G research

CEI

Beijing, May 28, 2014 / CEI / -. "Currently, China Mobile, which owns 780 million users, the majority are still using 2G phones," China Mobile chairman Xi Guohua said at the shareholders meeting, the need to push customers to upgrade 3G and 4G, last year the company data flow and therefore the amount of explosive revenue growth. China Mobile CEO Li Yue introduced by Tencent micro-channel business impact, short message service first four months of the company fell more than 20%.

AT&T-DirecTV merger may hinge on NFL agreement

Reuters

If DirecTV is unable to strike a deal with the National Football League to renew the satellite TV operator's contract to offer the popular NFL Sunday Ticket football package, AT&T Inc can pull out of the merger, according to a regulatory filing.

In a filing related to the merger, the companies said, "the parties also have agreed that in the unlikely event that the Company's agreement for the 'NFL Sunday Ticket' service is not renewed on substantially the terms discussed between the parties, AT&T (Dallas, TX, USA) may elect not to consummate the merger."

Vodacom to acquire Neotel from Tata for $676 million

South Africa’s Vodacom has announced plans to acquire Neotel from India’s Tata Communications for a cash fee of ZAR7 billion ($676 million).

The takeover will put the operator, owned by Vodafone (Newbury, UK), in control of South Africa’s second-biggest fixed-line network, allowing it to better compete in the market for unified communications products that combine fixed and mobile capabilities.

It says it plans to offer an expanded and enhanced range of converged services – such as hosted PBX – to enterprise customers.

America Movil launches $1.9 billion bid for Telekom Austria

Latin American telecoms giant America Movil has launched a €1.4 billion ($1.9 billion) offer for the 73% stake in Telekom Austria it does not already own.

The offer values Telekom Austria at €7.15 a share and is set to remain open for a period of eight weeks, said America Movil (Mexico City, Mexico) in a statement.

For the deal to go ahead, the offer must be accepted by shareholders currently in control of at least 50% of the outstanding shares.

Google acquires mobile service company Divide

Reuters

Google Inc said it has acquired Divide, a company whose software allows corporations to manage the personal smartphones that consumers increasingly use on the job.

In a post on Divide's (New York City, NY, USA) website on Monday, the company said it was joining Google's (Mountain View, CA, USA) Android team. The post did not provide financial terms of the deal and a Google spokesman declined to comment on the terms.

ITU Telecom World

Date
Start Date: 
Sunday, December 7, 2014
End Date: 
Wednesday, December 10, 2014

Qatar:

ITU Telecom World is the global platform for high-level debate, networking, innovation-showcasing and knowledge-sharing across the ICT community. It brings together public and private sectors, emerging markets and industry investors to explore the current massive disruption of the ICT sector and its implications for the future. 

Mobile Video Summit

Date
Start Date: 
Tuesday, September 23, 2014
End Date: 
Wednesday, September 24, 2014

London:

With mobile video expected to account for a third of mobile data traffic by 2016, and at least 40% of smartphone users streaming mobile video services by the same time, are you ready to take advantage of this growth in demand? 

Telecoms IQ's Mobile Video Summit will show you how to capitalise on mobile video, open new revenue streams for your business and stay ahead of the competition. 

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