Consolidation of the Portuguese telecoms market may happen faster than expected if the state-owned bank decides to sell its holdings as part of a countrywide push to raise cash, a France Telecom (Paris, France) executive said on Thursday.
France Telecom has said it plans to leave the Portuguese market, where consumers have been hit hard by an austerity drive, but the company said in October that no talks had taken place because it was difficult to sell in the current environment.
Dutch telecom firm KPN (The Hague, Netherlands) has opened the books at its Spanish operations to prospective buyers, including Vodafone (London, England), a person familiar with the situation told Reuters on Tuesday.
KPN's chief executive, Eelco Blok, said in May he would refocus KPN's international mobile division, including expanding Ortel, its mobile phone business which targets immigrants, and would cut inefficient operations outside the Netherlands, Germany and Belgium.
Cellphone market growth slumped in the third quarter, with the grim economic climate prompting consumers to cut back or delay purchases, particularly in Western Europe, says research firm Gartner (Stamford, Conn., U.S.A.).
Global sales of all mobile phones grew an annual 5.6% in the third quarter to 440.5 million phones, down sharply from 16.5% growth in the previous quarter.
The world's premier telecoms executives, advisers, financiers and regulators will convene at TelecomFinance 2012 to examine strategies for smarter growth and consolidation for the year ahead. Building on this year’s emphasis on divestment, partnering and new digital strategies; leaders from global operators will discuss opportunities for 2012, while financiers shed light on the impact of continued macroeconomic instability on financing.
Wyless (London, England) and Wireless Maingate (Stockholm, Sweden), two M2M MVNO's, announced a strategic partnership that will provide both companies will access to the others networks.
Spanish telecom giant Telefonica (Madrid, Spain) stuck to ambitious shareholder return targets on Friday even while nine-month profit fell a more-than-expected 69% in what the group described as a "challenging" operating environment.
The euro zone's biggest telecom in terms of market capitalization announced a 69% fall in net profit to $3.71 billion on a 5.4% rise in revenues to $63.7 billion in the January to September period, with net profit around $410 million below average expectations.
Britain's biggest mobile operator, Everything Everywhere (London, England), is planning to pay back $1.4 billion of loans to its two parent companies -France Telecom (Paris, France) and Deutsche Telekom (Bonn, Germany)- in a step towards making itself a wholly independent operation, the Financial Times reported on Monday.
As smartphone usage grows and consumers start using their phones for more than just voice, the concept of a mobile service provider is changing. According to two surveys, including one performed by Oracle (Redwood Shores, Calif., U.S.A.), a person’s mobile phone is replacing other devices, and in the future will be used for everything from banking to a GPS system.
Oracle surveyed more than 3,000 mobile users around the world and found that mobile devices are becoming more valuable to consumers.
On Friday, DragonWave, Inc. (Ottawa, Canada) announced plans to acquire Nokia Siemens Networks' (Espoo, Finland) microwave transport business, including its associated operational support systems (OSS) and related support functions. Under the deal, Nokia Siemens Networks (NSN) will retain responsibility for its existing sales and associated services for microwave transport, while DragonWave will be responsible for the product line, including R&D, product management and operations functions.
France Telecom-Orange (Paris, France) and Publicis Groupe (Paris, France), an advertising and communications company, announced on Monday plans to launch a new venture capital fund. The fund will finance and develop digital start-up, particularly in France and the European Union, says Orange.