BRUSSELS (Reuters) - The European Union has ended a long-running telecoms row with China, the EU's trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world's top trading powers.
As Reuters reported exclusively on Oct. 8, the deal struck between Brussels and Beijing sets out a framework for China to address EU concerns about subsidies to Huawei [HWT.UL], China's No. 2 telecoms equipment maker, and its smaller rival ZTE.
BERLIN (Reuters) - China and the European Union aim to end a long-running telecoms row this week, the EU's trade chief said on Friday, potentially easing tensions between two of the world's top trading powers.
Reuters reported exclusively last week that Europe was close to a deal with Beijing on defusing the issue of what Brussels says are illegal subsidies to Chinese makers of equipment for mobile telecom networks.
LONDON (Reuters) - Telecom operator Swisscom is considering a possible sale of its Italian broadband firm Fastweb, which is worth up to 5 billion euros ($6.3 billion) and has been a target for Vodafone, sources familiar with the situation said.
The Swiss majority state-owned firm, which has already rebuffed several takeover approaches from Vodafone for Fastweb, is now working with UBS, Vodafone's long-term adviser, to facilitate a deal, said the sources who could not be named because the matter is private.
STOCKHOLM (Reuters) - Ericsson, the world's top mobile network equipment market, will stop developing modems, it said on Thursday, shutting a loss-making unit it took on after joint venture partner STMicroelectronics pulled out a year ago.
Europe's semiconductor firms are struggling to compete with bigger U.S. and Asian rivals, which have largely outsourced chip manufacturing to cope with volatility in demand and prices.
"Since integration, the modems market has developed in a direction that has reduced the addressable market for thin modems," Ericsson said in a statement.
PARIS/MADRID (Reuters) - Orange has offered buy Spanish telecoms operator Jazztel for around 3.4 billion euros (4.40 billion US dollar), a deal that could help the French company jump ahead of rival Vodafone in the country's mobile market.
Orange's offer for Jazztel is at 13 euros per share in cash, valuing it at 3.4 billion euros. The French company will pay for the acquisition with hybrid bonds and a capital increase of up to 2 billion euros.
Jazztel Chairman Leopoldo Fernandez Pujals has agreed to sell his 14.5 percent stake.
(Reuters) - AT&T Inc <T.N> on Monday said Spain's Telefonica SA <TEF.MC> will license its home security technology for limited trials in Europe as the U.S. carrier hopes it has found a new way to profit from its nascent connected-home business.
Telefonica will offer European customers a version of Digital Life, AT&T's home monitoring and automation system, for three to six months before evaluating results of the trial, said Steven Bartholomew, a Telefonica spokesman.
FRANKFURT (Reuters) - The European Central Bank (ECB) has no plans to end its business relations with U.S. telecoms firm Verizon Communications Inc, ECB President Mario Draghi said in response to a query from a member of the European parliament on Thursday.
The German government said in June it had canceled a contract with Verizon as part of an overhaul of its internal communications, prompted by revelations last year of U.S. government spying.
In the letter to Fabio De Masi, Draghi wrote that the ECB "takes the threat of economic espionage very seriously".
PARIS (Reuters) - Telecoms operator Orange's investment in faster fiber and mobile broadband networks in its French home market has started to pay off, as its high-end focus insulates it from cut- price fixed plans offered by rival Bouygues.
As France's largest carrier reported second-quarter results in line with forecasts on Tuesday, it said that some 60 percent of new mobile customers were signing up for high-end plans that include 4G and that 50,000 new customers had signed up to its fiber broadband offers, taking the total to 415,000.
LONDON (Reuters) - Vodafone reported another big quarterly drop in its main revenue measure, as weakness in South Africa and Spain offset stabilization elsewhere in Europe, and said a broader improvement is not expected until later in the year.
The world's second-biggest mobile operator is ramping up spending on new, faster 4G networks to satisfy customers' growing appetite for data.
HELSINKI (Reuters) - Nokia surprised investors with strong quarterly earnings and raised its full-year profit margin forecast as network operators install more powerful systems to cope with surging mobile data traffic.
The Finnish company sold its once-dominant phone business to Microsoft in April, leaving it more reliant on a mobile network equipment business that shrank by 8 percent in the April-to-June quarter.