The Greek government on Monday agreed to sell a 10 % stake in Hellenic Telecom (OTE) (Maroussi, Greece) to Deutsche Telekom AG (Bonn, Germany) as the Mediterranean state kicks off privatization deals to cut its debt pile.
Only 12 months after the public auction, Deutsche Telekom (Bonn, Germany) will launch the first LTE high-speed network (Long Term Evolution) in the major German city of Cologne. According to Deutsche Telekom, after Cologne, more than 100 other cities in the entire country will be provided with next generation mobile communications. Further expansion will occur in the third quarter of 2011, but Deutsche Telekom could not provide an exact date.
According to Deutsche Telekom, the 100 LTE base stations will make surfing with up to 100 Mbit/s possible.
Sao Paulo - Brazil
Futurecom is the largest Telecommunications event in Latin America. 15000 attendees from 40+ countries participate at Futurecom Brazil. It has a 25.000sqm exhibition area and an outstanding International Congress. Most of worldwide ICT companies participate at Futurecom, as well as all Brazilian Fixed and Mobile Carriers.
On Tuesday France Telecom (Paris, France) presented its strategic and financial ambitions for the next five years. According to its press release, France Telecom will be reviewing its portfolio of assets and is expecting to sell any assets where it is not a majority shareholder.
In one of the highlights of the TM Forum Management World event in Dublin last week, the Irish government showed off its Exemplar project, a “metro ring” carrier network in Dublin that is said to be the first to incorporate optical burst switching, a technology that could have broad implications in greatly improving the efficiency and capacity of carrier networks.
Sprint Nextel Corp (Overland Park, Kan.) is close to completing a $2 billion-a-year network sharing agreement with hedge fund billionaire Phil Falcone's LightSquared (Reston, Va.) telecommunications venture, sources familiar with the matter said on Wednesday.
Under the proposed agreement, LightSquared would pay $2 billion a year to rent space on Sprint's network to launch its own high-speed wireless services, according to a person who asked not to be named because the details are not yet public.
Australia's state-owned National Broadband Network awarded a contract to Ericsson (Stockholm, Sweden) worth up to $1.2 billion, the latest in a string of contracts to build the 38.4 billion network.
The contract is to build and operate a wireless network over the next ten years to cover the remote parts of Australia that will not be serviced by fiber-optic cable under the government's plan to provide fast Internet connections to the bulk of Australian homes.
Sprint (Overland Park, Kan.) announced Tuesday it has formally requested the Federal Communications Commission (FCC) to block AT&T's (Dallas, Texas) proposed $39 billion takeover of T-Mobile USA, noting the Commission’s responsibility to protect consumers and the industry against anti-competitive market control. Sprint made the request in a “Petition to Deny” filed at the FCC this afternoon.
In its filing, Sprint concluded the proposed acquisition cannot be remedied through divestitures or conditions, and urged the FCC to block the proposed transaction on the following grounds:
Nokia Siemens Networks (Espoo, Finland) Tuesday announced the start of operations for its Global Network Operations Center (GNOC) in Sao Paulo, Brazil. NII Holdings, Inc. (Reston, Va.) which operates under the NEXTEL brand in Latin America, is the first operator to use the GNOC to centralize its network operations. Nokia Siemens Networks currently manages operations for NII’s multi-vendor networks across five countries: Argentina, Brazil, Chile, Mexico and Peru.
Struggling Irish telecoms group Eircom said on Friday it must accelerate talks on restructuring its debt with shareholders and lenders ahead of a likely breach in its financial covenants within the next three months.
Eircom, majority-owned by Temasek unit Singapore Technologies Telemedia (STT), in March warned of a significant risk of a covenant breach within three to six months and said it would talk to shareholders about possibly injecting new equity.