T-Mobile US Inc said it added a record number of customers in the first quarter, blowing past its competitors as the company's aggressive discounts lured in subscribers.
T-Mobile (Bellevue, WA, USA) shares jumped 7.3 percent as the company that has billed itself as the "uncarrier" signed up 2.4 million new customers in the first quarter, topping estimates of 932,000. That was more than its top three rivals combined, a first for the No. 4 mobile carrier in the United States based on total subscribers.
Telefonica Deutschland has sweetened its offer of concessions in order to win European Union approval for its planned takeover of KPN's E-Plus unit in Germany, a spokesman for the telecoms firm said.
Telefonica Deutschland (Munich, Germany), a unit of Spanish telecoms operator Telefonica (Madrid), last month offered to lease spectrum above 2 gigahertz and access to its network to rivals after the European Commission expressed concerns about the 8.6 billion euro ($11.9 billion) deal.
VimpelCom has agreed the $2.64 billion sale of a 51% stake in its Algerian phone business to the country’s government, bringing to an end a protracted dispute between the two parties.
The deal to sell a majority stake in Djezzy (Algiers, Algeria) to the Algerian government will also allow VimpelCom (Moscow, Russia) to slash debt while retaining a substantial stake in the emerging-markets player.
UK-headquartered Vodafone is reported to be in discussions with movie-streaming player Netflix about a tie-up that would allow the operator’s customers to watch films and TV shows on smartphones as part of their monthly tariff.
According to Bloomberg, the arrangement would allow customers to stream content without paying a separate fee to Netflix (Scotts Valley, CA, USA) for a set period of time.
Square Inc has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash, the Wall Street Journal reported, citing people familiar with the matter.
The company spoke to Google Inc (Mountain View, CA, USA) earlier this year about a possible sale, the Journal reported, adding that it wasn't clear whether the talks are continuing.
The top U.S. telecommunications regulator on Thursday reasserted his commitment to helping smaller national wireless carriers get access to valuable lower-frequency airwaves in the upcoming spectrum auction.
Federal Communications Commission Chairman Tom Wheeler, in a letter to Representative John Barrow, reaffirmed his plans to restrict how much spectrum the biggest U.S. carriers, Verizon Communications Inc (New York City, NY, USA) and AT&T Inc (Dallas, TX, USA), could buy in the auction scheduled for mid-2015.
A dismal response in this week's auction for next-generation cellphone spectrum licenses means cash-strapped Pakistan will struggle to fund its budget this year, finance and IT ministry officials and telecom industry executives told Reuters.
Pakistan is set to hold long-awaited auctions for 3G and 4G network licenses on April 23, a step the government projects will raise $2 billion to boost foreign reserves.
But officials said there has been scant interest in Monday's bidding process and estimate Pakistan will raise no more than $850 million.
French cable operator Numericable has agreed a €13.5 billion ($18.5 billion) takeover of Vivendi’s SFR, beating off competition from communications rival Bouygues for the country’s second-biggest mobile operator.
The acquisition promises to radically alter the shape of the French telecoms market, putting Numericable (Paris, France) in control of mobile assets and giving it the opportunity to challenge telecoms incumbent Orange (Paris, France) in the market for bundled services that include fixed, broadband and mobile elements.
Reliance Jio Infocomm has announced another network-sharing deal with Reliance Communications (RCOM) in a further sign of improving relations between India’s Ambani brothers.
The so-called Master Service Agreement will give Reliance Jio (Mumbai, India) access to RCOM’s (Mumbai, India) nationwide inter-city fiber network, which it hopes will help to speed up its deployment of a 4G network across India.
Reliance Jio said the agreement was based on “arm’s length pricing at prevailing market prices”.
The United States on Friday criticized proposals to build a European communication network to avoid emails and other data passing through the United States, warning that such rules could breach international trade laws.
In its annual review of telecommunications trade barriers, the office of the U.S. Trade Representative said impediments to cross-border data flows were a serious and growing concern.