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.
On Wednesday, Orange Slovakia, a unit of France Telecom (Paris, France), appealed a $58.6 million fee imposed by the Slovak telecommunication regulator for a 10-year extension of its license.
Orange, the euro zone country's largest mobile and internet services provider by number of clients, said the fee was unfair.
"The reason is lack of transparency of the process, discriminatory approach and factual imperfections in methodology and calculation of the fee," says Peter Toth, corporate affairs manager for Orange Slovensko.
An estimated 45,000 Verizon Communications (New York) employees are set to end a two-week strike and return to work on Tuesday after the telephone company and unions said they reached an agreement to resume bargaining. Almost half of the workers in Verizon's wireline business went on strike on August 7 after talks for a new labor pact failed when their contract expired.
A bankruptcy court has denied Sprint Nextel Corp's (Overland Park, Kan., U.S.A.) motion for a partial summary judgment in a proceeding against bankrupt mobile satellite network operator TerreStar Networks Inc (Reston, Va., U.S.A.), U.S. Bancorp (Minneapolis, Minn., U.S.A.) and others.
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