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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T-Mobile US is looking to buy wireless airwaves from larger rival Verizon Wireless to bolster its mobile network capacity for data services, a source familiar with the matter said on Tuesday.
While T-Mobile (Bellevue, WA, USA) has approached Verizon (New York City, NY, USA) about buying the spectrum, the process is still in the early stages, according to the source, who asked not to be named. The source was not authorized to discuss the matter.
Russian telecoms incumbent Rostelecom has flagged growth in revenues and profits on the back of rising demand for broadband and pay-TV services.
The state-controlled operator reported a 12% increase in net profit for the three months ending September, to RUB10.5 billion ($319 million), and a 2% rise in revenues, to RUB78.2 billion, compared with the same period of 2012.
The three existing Czech mobile operators, Telefonica Czech Republic, T-Mobile and Vodafone, won an auction of radio spectrum for 4G high-speed mobile data networks, the telecoms regulator said on Tuesday.
The regulator, CTU, said two newcomers, Revolution Mobile and Sazka Telecommunications, did not win any frequencies - a surprise given that auction conditions included setting aside space for a fourth operator.
Deutsche Telekom is reported to be holding exclusive talks with private-equity player Hellman & Friedman over the sale of its Scout24 online classifieds portal.
According to a report from the UK’s Financial Times newspaper, citing sources familiar with the matter, the German incumbent is on the verge of selling a 70% stake in Scout24 to Hellman & Friedman (San Francisco, CA, USA) for the fee of about €1.5 billion ($2 billion).