Verizon has rebuffed reports that it is planning a joint bid with AT&T for UK operator Vodafone.
Earlier this week, the UK’s Financial Times newspaper cited “usually reliable people” as saying that AT&T (Dallas, TX, USA) and Verizon (New York City, NY, USA) were preparing a complex $245 billion bid that would see Verizon take full control of Verizon Wireless – its mobile joint venture with Vodafone (Newbury, UK) – while AT&T acquired the rest of Vodafone’s assets.
Scandinavian operator TeliaSonera has given up on attempts to sell Yoigo, its Spanish subsidiary, indicating that offers it has received do not match its own valuation of the business.
“Yoigo [Alcobendas, Spain) has great potential for further development, but as its market strategy does not quite match our other operations, we have been prepared to divest it if we were offered a price which fully reflects its future potential,” said Per-Arne Blomquist, the chief executive of TeliaSonera (Stockholm, Sweden), in a statement.
The move is a shift from last year's plan to cut over 500 jobs to cope with an intense price war brought on by the arrival of low-cost mobile group Iliad (Paris, France)
India’s Bharti Airtel is partnering with Finnish phone maker Nokia on the sale of communications services in Africa, reports Dow Jones Newswires.
Under the contract signed this week, Bharti Airtel (New Delhi, India) will reportedly sell Nokia (Helsinki, Finland) services that include mobile-phone software and an internet browser.
Customers will be able to pay for the products through their normal billing arrangements with Bharti Airtel.
The Indian operator plans to launch the services in Kenya before introducing them to other East African markets.
MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG's unit T-Mobile USA after two proxy advisory firms recommended that shareholders vote against it.
Proxy advisers Glass Lewis (San Francisco, CA, USA) and ISS (Rockville, MD, USA) have backed efforts by two key activist investors to block the deal by recommending that shareholders vote against it at a special meeting on April 12.
Telekom Austria has announced new mobile deals abandoning the unlimited data packages that have become commonplace and instead offering free voice and text messages.
The move, in Europe's most keenly-priced market, is a bet that soaring data usage can replace dwindling revenues from the former cash cows of voice and texts, which are coming under pressure from Web-based competitors.
Telekom Austria said on Thursday it would offer only the new tariffs after existing contracts ran out.
UK mobile-phone operator EE says it has switched on its 4G network in another 13 cities and now covers half the country’s population with the superfast mobile service.
The joint venture between Deutsche Telekom (Bonn, Germany) and France Telecom (Paris, France) is racing to boost availability and take-up as its rivals prepare to launch their own 4G services.
Some Internet-based communication tools such as Skype and Whatsapp flout Saudi Arabia's telecom laws, the regulator said on Sunday, instructing telecom operators to quickly ensure these services comply.
The announcement from the kingdom's Communications and Information Technology Commission (CITC) follows local newspaper reports last week that claimed the government had asked telecom companies to look at ways to monitor or block these services.
Russia's top mobile phone operator MTS said on Friday it has acquired a 25.1 percent stake in MTS Bank for 5.1 billion roubles ($164 million) by buying additional shares issued by the bank.
The deal was concluded in accordance with the terms of an indicative offer between MTS (Moscow, Russia), MTS Bank and their majority shareholder Sistema (Moscow, Russia) that were announced in October 2012.
MTS now owns around 27 percent of MTS Bank, Sistema has a 65.3 percent stake, while the balance of shares is held by other minority shareholders, MTS said in a statement.
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