Hutchison Whampoa's Austrian telecoms unit said it would appeal against the result of a spectrum auction that cost the country's three carriers 2 billion euros ($2.7 billion).
The auction, Europe's most expensive per head of population for fourth-generation (4G) frequencies, took place under strict conditions that allowed the parties no knowledge of each others' bids to minimize the danger of collusion.
Vivendi's supervisory board on Tuesday unanimously backed a plan to demerge the group's SFR business as it reduces exposure to telecoms and focuses on media.
The French group named Hearst Magazines' (New York City, NY, USA) Arnaud de Puyfontaine head of media and content activities to run the remaining businesses - Universal Music Group (Santa Monica, CA, USA), pay-TV company Canal Plus (Issy-les-Moulineaux, Franc) and Brazilian telecom unit GVT (Curitiba, Brazil).
The supervisory board also confirmed top shareholder Vincent Bollore as chairman of the future Vivendi.
China's anti-trust investigation into Qualcomm, the world's biggest smartphone chip maker, is likely tied to the impending $16 billion rollout of commercial fourth-generation services by China's big telecoms carriers.
The probe by the National Development and Reform Commission (NDRC), China's top economic planning body and price regulator, is a likely pre-emptive measure that will allow China's telecom providers to gain leverage in royalty negotiations ahead of the rollout of new high-speed mobile networks, analysts said.
The Defense Department has reached an agreement with the broadcasting industry on sharing some radio airwaves, making progress toward President Barack Obama's goal of clearing more valuable spectrum for mobile networks.
Obama directed federal agencies in June to look for ways to give up or share with the private sector more of the airwaves they control, three years after his call to open up 500 megahertz (MHz) of federal spectrum for commercial use to satisfy growing demands from data-hungry devices and services.
French telecoms incumbent is reportedly in discussions to sell its business in the Dominican Republic to private-equity player Altice for the sum of about €1 billion ($1.35 billion).
According to a report from the UK’s Financial Times newspaper, which cites a source close to the situation, Altice is participating in an auction process being conducted by Orange (Paris, France).
Finnish operator DNA has announced the appointment of Jukka Leinonen as its new chief executive.
Leinonen was previously the company’s vice president of corporate business but has been acting chief executive since the end of August 2013, when former chief executive Riitta Tiuraniemi quit the role.
“The aim of the Board of Directors was to find a CEO who has a strong ability to map out new opportunities for DNA (Helsinki, Finland) in the midst of the upheaval in the telecommunications industry,” said Jarmo Leino, DNA’s chairman.
Legislation to implement a major overhaul of Mexico's telecommunications industry will not be approved until early next year, pushing back a deadline set for December, two senior lawmakers said on Saturday.
The secondary laws set out the fine print for a telecoms reform promulgated in June by President Enrique Pena Nieto which gives regulators sweeping powers to rein in billionaire Carlos Slim's telecoms giant America Movil (Mexico City, Mexico) and dominant broadcaster Televisa (Mexico City, Mexico).
Shares of Intel Corp fell nearly 5 percent on Friday after Wall Street came away from its investor meeting craving more evidence that the chipmaker can forge a strong mobile presence to drive up revenue and margins.
Investors wanted the company at the vanguard of personal-computer technology to lay out a plan to get higher-margin chips into tablets and smartphones, which are rapidly eroding sales of traditional PCs.
Microsoft is set to secure unconditional EU regulatory approval for its proposed 5.4-billion-euro ($7.30 billion) takeover of Nokia's mobile phone business, two people familiar with the matter said on Friday.
The deal, announced in September and which includes a 10-year licensing agreement of Nokia's (Helsinki, Finland) patent portfolio, underscores Microsoft's (Seattle, WA, USA) push into the competitive consumer devices market.
It faces fierce competition from market leader Samsung Electronics (Seoul, South Korea) and Apple (Cupertino, CA, USA).
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