ANKARA (Reuters) - Turkey's auction of 4G mobile phone frequencies lured a higher than expected 3.96 billion euros ($4.5 billion) worth of bids, the agency running the process said on Wednesday, showing the appeal of Turkey's youthful and growing market.
The bids from Britain's Vodafone, and Turkish duo Avea and Turkcell, the only three operators in Turkey, will be subject to an approval process before a final decision on allocations is made.
ANKARA (Reuters) - Turkey could cancel a May tender for 4G telecoms infrastructure after President Tayyip Erdogan urged the country not to "lose time" with the technology and move straight to 5G, the trade minister was quoted as saying on Tuesday.
Erdogan last week called for a move to fifth-generation mobile networks, within two years, skipping the current 4G technology, which cast doubt over the ongoing tender process.
Turkish telecommunications are currently based on 3G technology.
This year sees the 10th anniversary of DCD Converged in the Gulf, the region's most important gathering of data center end-users, operators, service providers, and advisors.
Recent months have seen considerable investment across the Gulf Cooperation Council (GCC) region in mission critical IT and communications infrastructure.
BRUSSELS (Reuters) - European Union member states came under fire from the bloc's head of digital policy on Tuesday for resisting efforts to scrap mobile phone roaming charges for consumers.
Though the removal of the charges is a priority for the European Commission as it seeks to spur cross-border telecoms competition, EU members concerned about the effect on operators have proposed that any ban should be held back until 2018 at the earliest.
FRANKFURT (Reuters) - Germany's Rocket Internet went to investors with a capital hike just four months after its stock flotation, asking for fresh funds following a 1 billion euro spending spree that targets online food takeaway businesses as the next big thing.
The Berlin-based company, Europe's biggest Internet player thanks to its stakes in more than 100 start-ups ranging from fashion to finance, raised 1.4 billion euros ($1.6 billion) in its October IPO. It added a further 588 million euros on Friday that it said would allow it to continue to look around.
CAIRO (Reuters) - Vodafone Egypt plans to spend around 9.5 billion Egyptian pounds ($1.25 billion) on upgrading its network over the next three years to keep pace with demand for data services, its CEO said.
Vodafone Egypt, majority owned by British mobile operator Vodafone, is the leading communications player by customer numbers in the country of 90 million.
"Annual investments will represent more than 30 percent of annual revenues," Chief Executive Officer Ahmed Essam told Reuters in an interview.
OSLO (Reuters) - Norwegian telecoms company Telenor and Sweden's TeliaSonera have agreed to combine their Danish mobile businesses to boost margins in their toughest market.
The plan to put their Danish operations into a 50-50 joint venture, which aims to save 800 million Danish crowns ($133 million) a year by 2019, lifted the share price of both companies and their main rival on investor hopes of an end to cut-throat price competition.
LONDON (Reuters) - TDC, Denmark's biggest telecoms network operator, is weighing a bid for Swedish cable firm Com Hem, as it seeks to expand across the Nordic region, sources familiar with the situation told Reuters.
TDC is sounding out banks to fund a deal that could value the cable operator at more than 11.7 billion Swedish crowns ($1.56 billion) based on its current market price, the sources said.
Join the leading Telecom, Media and Technology executives (CEOs, CSOs Heads of M&A and CFOs), Investment Bankers, Investors, and Professional Advisers from across the world at this unique leadership and strategy event, at Millennium Hotel Mayfair, London on March 19, 2015.
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