Korea Telecom is bidding for Vivendi’s controlling stake in Maroc Telecom, the largest operator in Morocco, according to a story in the Financial Times newspaper.
The South Korean operator joins other high-profile bidders including France Telecom, Qatar Telecom and Etisalat (Abu Dhabi, United Arab Emirates) as it tries to increase its exposure to emerging economies and offset a slowdown in its mature domestic market.
Korea Telecom (Seoul, South Korea) aims to generate 10% of its total revenues from overseas activities in the next three years, up from just 4% last year.
Norwegian telecoms incumbent Telenor is paying a third of the fee for its Indian spectrum licenses in protest, according to a report in India’s Economic Times newspaper.
Unlike other bidders that won back licenses revoked by India’s Supreme Court earlier this year, Telenor (Fornebu, Norway) has not been allowed to deduct original market-entry fees from its payments.
Those entry fees were paid in 2008 when the companies won spectrum in a process later judged to have been fraught with corruption by Indian authorities.
Japan’s Softbank says its board has approved the signing of a bridge loan contract for up to JPY1.65 trillion ($19.7 billion), which the company plans to use to fund its purchase of a controlling stake in US operator Sprint.
Softbank (Tokyo, Japan), Japan’s third-largest mobile-phone operator, announced plans to buy 70% of Sprint back in October for a fee of approximately $20 billion.
The deal would mark the largest foreign acquisition by a Japanese company of all time.
Norwegian telecoms incumbent Telenor has announced an ambitious target of being the second- or third-biggest player in regions of India home to about half its population.
It also says it will maintain its peak funding target of INR155 billion ($2.85 billion), aims to break even by the end of 2013 and is targeting an equity return of more than 25% on new money invested in India.
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NTT DoCoMo is making an international push into the M2M industry, claiming it is the first operator in Japan to launch a global enterprise platform for wireless M2M systems.
The operator, Japan’s largest, has introduced a new service called “docomo M2M platform” that it claims will provide M2M support in more than 200 countries.
It allows corporate customers to manage M2M applications through a unified Web interface.
Chinese equipment maker Huawei continues to make inroads into territory previously held by its western rivals, having just signed an important managed-services deal with 3UK, the small UK operator owned by Hutchison Whampoa (Hong Kong).
The arrangement will see Huawei (Shenzhen, China) handling service management and operations for 3UK’s core network, transport network and ICT applications.
It has chosen India’s Tech Mahindra (Pune, India) as a partner for the work on ICT applications.
China’s ZTE has received a substantial funding boost from the China Development Bank (CDB) in a deal the equipment maker claims will drive overseas investment and business development.
The agreement increases ZTE’s financing facility with the CDB to $20 billion from the $15 billion arranged in 2009 – itself an extension of the original facility of $8 billion set up in 2005.
New Zealand’s Chorus has issued a stark warning that new pricing regulation could slash NZD180 million ($148 million) off its annual earnings in future and hinder the take-up of new fibre-based broadband services.
The operator, which was carved out of Telecom Corp of New Zealand (Wellington, New Zealand) last December, owns most of New Zealand’s copper-line networks and provides wholesale fixed-line and broadband services over this infrastructure.
Thai legal authorities have rejected calls for an inquiry into the recent auction of 3G licenses that would have further delayed the rollout of the technology in a country already seen as the region’s outstanding mobile telecoms laggard.
In a filing last month, the Office of the Ombudsman reflected the views of various critics that the auction process was flawed, with bidders receiving the maximum number of licenses allowed despite making offers that only just met reserve pricing.