Telecom Italia's board is likely to put off making a decision this week on whether to open formal merger talks with Hutchison Whampoa, as key shareholders are divided on the issue, sources with knowledge of the situation said.
The board is due to meet on Wednesday to consider the latest financial results and to hear from a panel of directors that was set up last month to determine whether it should pursue a proposal to acquire Hutchison's Italian mobile business and for Hutchison (Hong Kong) to take a near 30 percent stake in Telecom Italia (Rome, Italy).
US telecoms operator AT&T is to collaborate with Indian IT company Wipro on the development of M2M services for a variety of major industries.
Solutions developed by the two partners will use an M2M application platform from Axeda (Foxboro, MA, USA), with which AT&T (Dallas, TX, USA) already has a relationship.
“Customers are turning to us to make their M2M connectivity easy to manage and monitor in virtual real-time,” said Mike Troiano, the vice president of advanced mobility solutions for AT&T Business Solutions.
Telenor Connexion, the M2M division of the Norwegian telecoms incumbent Telenor, has received a significant boost from a deal to provide international services to KDDI, Japan’s second-largest telecoms operator.
The partnership will allow KDDI (Tokyo, Japan) to provide a global M2M service to its enterprise customers, said the companies in a statement.
The Qatar Foundation Endowment (QFE) has bought a 5% stake in India’s Bharti Airtel for the sum of $1.26 billion, helping the operator to reduce debts and fund the expansion of network activities in Africa.
The price paid implies the Indian operator is worth $25.2 billion in total, about 7% more than a valuation based on its share price last Friday, before the transaction was announced.
SoftBank Corp President Masayoshi Son came out swinging on Tuesday against Dish Network Corp's rival bid for Sprint Nextel Corp, saying the satellite TV company would cripple Sprint with debt and was ill-prepared to run a wireless service.
Billionaire Son said there would be no need for SoftBank (Tokyo, Japan) to sweeten its bid and he dismissed Dish's $25.5 billion offer as "incomplete and illusory." He argued his $20.1 billion offer would ultimately be better value for Sprint shareholders.
Vodafone says its technology is powering India’s first connected cars after signing a deal with Mahindra Reva, a subsidiary of Indian conglomerate Mahindra Group, to supply M2M technology for the manufacturer’s e2o range of vehicles.
The operator says the partnership will allow e2o drivers to access a range of in-vehicle services using smartphone apps or dedicated web pages.
These include checking on battery power, remotely controlling temperature settings and finding details of local charging stations.
Chinese telecom operators will start awarding contracts for super-fast mobile networks this year, kicking off the third wave of a global investment cycle that is reshaping the competitive landscape among telecom equipment makers.
China, the world's biggest mobile market with 1.1 billion subscribers, is likely to further alter the picture at the expense of European suppliers by giving a huge boost to Huawei (Shenzhen, China) and its smaller Chinese rival ZTE (Shenzhen, China).
Indian telecoms executives Sunil Mittal and Ravi Ruia will not have to appear before a special court set up to investigate irregularities in the allocation of spectrum more than a decade ago, following a ruling by India’s top court that will see the hearing deferred by at least six weeks, according to a report from Dow Jones Newswires.
New Zealand Telecom is to ramp up its activities in the burgeoning market for cloud services following a $96.5 million ($82.5 million) takeover of infrastructure and data center specialist Revera.
The New Zealand telecoms incumbent said it would fund the acquisition through cash and existing borrowing facilities and expects the deal to close in May.
It will continue to run Revera (Auckland, New Zealand) as a standalone business, providing customers of Gen-i –New Zealand Telecom’s ICT services division – with access to additional cloud capabilities and data center capacity.
Cellular operator Digicel Group Ltd jumped into Myanmar early and big, hiring staff, funding local sports, negotiating land deals for thousands of cell tower sites and signing up hundreds of partners for retail outlets.
The strategy helped propel it onto the shortlist for a mobile license in one of the world's last mobile frontiers, putting an operator that ranks 65th globally in terms of customers up against giants such as Vodafone Group Plc (Newbury, UK).