Bharti Airtel, India’s biggest mobile-phone operator, is set for a radical restructuring that will see its Indian and African businesses united under one global chief executive, reports Indian newspaper the Economic Times.
Manoj Kohli, the current chief executive of the African operations, is thought to be favorite to take on the new leadership role, with the changes coming into effect during the first half of 2013.
MTN Group on Monday confirmed that a U.S. court had put on hold the $4.2 billion lawsuit against it by Turkish rival Turkcell, pending a separate Supreme Court decision.
The Supreme Court had heard oral arguments in a high profile case against Royal Dutch Shell this month, a case which may determine whether foreign corporations can be sued in U.S. courts under an 18th century law.
Vivendi is exploring a merger between SFR, its French mobile-phone business, and Numericable, a cable operator in the country, reports the Financial Times.
Sources claim the French media conglomerate has been in discussions with Caryle, Cinven and Altice, the private-equity owners of Numericable (Paris, France), about combining the separate operations in a new company, in which Vivendi (Paris, France) would hold a 49% share and Numericable’s owners the controlling stake.
Scandinavian operator TeliaSonera (Stockholm, Sweden) has been forced to affirm its support for chief executive Lars Nyberg after press reports suggested the operator had hired a recruitment consultant to find his replacement.
Nyberg has been caught up in a scandal surrounding TeliaSonera’s operation in Uzbekistan, where it stands accused of bribery and money laundering.
Satellite operator Avanti Communications (London, UK) disappointed financial markets with preliminary results for the recent financial year that missed expectations.
Having made a July forecast that revenues would come in at £17.8 million ($28.5 million), the company reported a top-line figure of just £15 million.
Although a substantial improvement on the £6.1 million generated the year before, the results triggered a sharp fall in Avanti’s share price in early morning trading.
The European Commission has delayed a trade case against two Chinese telecom equipment makers also under scrutiny in the United States, easing tensions between the European Union and its second-biggest trading partner.
A U.S. congressional report said on Monday that Huawei Technologies Co Ltd (Shenzhen, USA) and ZTE Corp (Shenzhen, USA) -- the world's second- and fifth-largest makers of wireless telecoms gear -- were potential security risks and should be shut out of the U.S. market.
Telefonica (Madrid, Spain) is setting up a business to sell data it collects from millions of its mobile phone customers to retailers which could provide the company with a new source of income.
The Spanish telecoms group, owner of the O2 brand in Britain, Germany and other European markets, has created Telefonica Dynamic Insights to interpret, analyze and sell anonymous data from its phone subscribers.
M2M vendor Cinterion (Munich, Germany) has launched its first industrial-grade M2M module that works on networks around the world and can therefore be used to support voice and data roaming.
Owned by Gemalto (Amsterdam, the Netherlands), the company has developed its PXS8 module for use on the network of US operator Verizon Wireless (New York, USA), which is making a push into the M2M market.
The module could give rise to new business opportunities for global enterprises that want to launch M2M services on networks operated by Verizon and its roaming partners.
Vodafone (Newbury, UK) has announced it will unveil a range of new M2M products for smart meters and homes at this week’s Metering, Billing/CRM Europe 2012 show being held in Amsterdam.
The UK operator plans to give practical demonstrations of solar panel remote monitoring, energy data management tools for business and its Global M2M Platform to show how smart metering can help businesses improve customer satisfaction, streamline operations and reduce energy costs.
Vringo Infrastructure Inc, a unit of mobile phone software maker Vringo Inc (New York, USA), filed a patent infringement lawsuit against the UK unit of Chinese telecommunications equipment maker ZTE Corp (Shenzhen, China), driving up Vringo's shares by as much as 21 percent in early trading.
"ZTE has elected not to take a license to patents in Vringo's portfolio relevant to certain international standards," David Cohen, head of licensing, litigation, and intellectual property at Vringo, said in a statement.