UK operator EE has unveiled details of new tariffs for its exclusive ‘4G’ service, following criticism over pricing and usage restrictions and as rivals gear up to launch services of their own.
From January 31 until March 31, consumers will be able to pay just £31 ($49) a month on a 24-month contract, compared with a previous entry-level rate of £36 a month.
The deal comes with unlimited UK calls and texts and a monthly data-usage allowance of 500MB.
Portuguese operators Optimus and Zon Multimedia look set to merge to form the country’s second-biggest player, behind Portugal Telecom, after directors from both companies gave their blessing to the tie-up.
Under the terms of the deal, Optimus (Porto, Portugal) will be incorporated into Zon (Lisbon, Portugal) and its shareholders will hold a 40% stake in the combined entity, which will operate under the name of Zon Optimus.
Besides controlling 26% of the market, the new company will have revenues of €1.6 billion and an operating profit of about €540 million.
Spanish operator Telefonica is aiming to play a bigger role in the fast-growing M2M market with the launch of a new web-based platform for the connection, management and control of services.
Branded Smart M2M, the platform is designed for customers in a variety of vertical sectors where machines are being connected via SIM cards.
Egypt’s Orascom Telecom has increased its stake in Canada’s Wind Mobile to 99.3% after buying shares owned by Anthony Lacavera, the operator’s founder, chairman and chief executive.
The financial details were not disclosed but Orascom (Cairo, Egypt) said the transaction includes a cash consideration and continuing economic participation in Wind Mobile (Toronto, Canada) for AAL Corp, the holding company controlled by Lacavera.
Nokia Siemens Networks (NSN) is planning to raise as much as 700 million euros ($930 million) from public markets in the spring to pay down debt and fund investment, the Financial Times said on its website on Sunday, citing people familiar with the plan.
The high-yield bond will be the first time the Nokia (Helsinki, Finland) and Siemens (Munich, Germany) joint venture has tapped public markets, the FT said, and it will test investor appetite in the telecoms equipment maker ahead of a possible listing.
U.S. telecoms group AT&T is looking at an acquisition in Europe, possibly of Dutch peer KPN or the UK's Everything Everywhere, to offset weak growth at home, the Wall Street Journal reported.
AT&T (Dallas, USA) executives were considering a takeover in Europe, and some believed an opening existed now to buy a carrier in a major European market such as Britain, Germany or the Netherlands, the paper added.
Networking equipment company Cisco Systems Inc has acquired a small stake in Russian software developer Parallels, Parallels said on Thursday.
Parallels (Moscow, Russia) said in a statement that Cisco (San Jose, USA) has bought about 1 percent of the company and added that the stake sale does not rule out a possible initial public offering of the Russian firm.
"We are looking at all possible ways to ensure liquidity options: dividend payouts, IPO, mergers and acquisitions," Parallel's press service said.
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France backed away from legislation to make Internet companies including Google pay for the burden they place on telecommunications networks, opting instead to ask a commission to study the controversial issue.
Fleur Pellerin, junior minister for the digital economy, said the government would ask the National Digital Council, a panel of tech experts and entrepreneurs, to evaluate whether a law was needed and how it might work.
Telecom Italia has unveiled new pricing plans, including a single rate for landline calls to fixed and mobile numbers, and provided an update on its LTE and fiber deployments during a meeting with Italian consumer associations.
Marco Patuano, the company’s chief operating officer, said a new single rate of €0.05 per minute will come into effect from April 1.