Shortly after the U.S. government moved to block AT&T’s (Dallas, Texas, U.S.A.) $39 billion deal to buy T-Mobile USA, a unit of Deutsche Telekom AG (Bonn, Germany), AT&T issued a statement making it rather apparent that the service provider did not know about the governments intensions beforehand.
In the statement AT&T says they are “surprised and disappointed” by the government’s actions, especially after AT&T met with the Department of Justice (DOJ), who gave no indication that an action was being considerate by the government.
On Monday, Orange Business Services (Paris, France) announced it will increase the capacity of its Latin American network by ten times due to growing demand from its multinational enterprise customers. According to the company, implementation will begin in October 2011, covering Brazil and Chile, followed by Argentina, Peru and Panama. The network, which now has a capacity of around 620 Mbps (megabits per second), will increase to 10 Gbps (Gigabits per second) in an expansion that has several phases, according to Orange.
The U.S. government filed to block AT&T's (Dallas, Texas, U.S.A.) $39 billion deal to buy T-Mobile USA because of anti-competition concerns, launching the biggest challenge to a takeover by the Obama administration.
A failed deal would be expensive for AT&T, which plans to fight the government's decision in court. It promised to pay a breakup fee worth an estimated $6 billion, including $3 billion in cash, spectrum and a roaming agreement for T-Mobile USA.
Google Inc's (Mountain View, Calif., U.S.A.) acquisition of Motorola Mobility Holdings Inc (Schaumburg, Ill., U.S.A.) will bring an unusual stable of tax and accounting benefits to the search-engine giant. The deal also underscores a trend by technology companies to snap up patents in a bid to stave off competitive threats and patent-infringement lawsuits. Google's patent portfolio is seen as one of the weakest in the industry.
SK Telecom (Seoul, South Korea), the top mobile carrier in South Korea, said on Monday it beat rival KT Corp in an auction for the license for the 1.8 GHz spectrum band for $920 million, more than double the initial bid price.
The auction for the so-called "golden spectrum" for next generation Long Term Evolution (LTE) services was hotly contested by the two mobile operators struggling to grab a bigger share of the growing smartphone market.
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AT&T Inc (Dallas, Texas, U.S.A.) said on Wednesday that the U.S. Federal Communications Commission (FCC) has requested more information about its acquisition of T-Mobile in relation to its commitment to expand high-speed wireless services to 97% of all Americans.
"Requests from the FCC staff for additional information are to be expected given the detailed review they are undertaking," AT&T spokesman Michael Balmoris said.
On Wednesday, Steve Jobs resigned as Chief Executive of Apple Inc (Cupertino, Calif., U.S.A.) without specifying a reason. Tim Cook, the company's Chief Operating Officer, who has been standing in for Jobs during his medical leave, has been named the new CEO. Jobs will serve as Chairman.
Jobs has spent 14 years as CEO at Apple, a company he brought back from the brink of bankruptcy and turned into the world's largest technology corporation.
The telecom industry has undergone drastic changes over the last few decades, from a service only able to deliver voice capabilities, to a service where voice is one of a large number of features delivered across a network. These changes have accumulated to the point where another major change is imminent, a change to an all-IP (Internet Protocol) infrastructure. This change is already happening, but with TDM (Time Division Multiplexing) technology still being used for the majority of phone calls today, it may be further away than first anticipated.
Telecommunications service provider Telecom Egypt (Cairo, Egypt), and equipment vendor Alcatel-Lucent (Paris, France), have announced that the TE-NORTH Cable System, provisioned with 40 Gigabit per second (40G) wavelengths across the Mediterranean, is in service. TE-NORTH is a long submarine telecommunications cable linking France and Egypt, and is the first Mediterranean cable network to provide commercial service using 40G technology.