Deutsche Telekom is close to appointing Jefferies as second advisor for the sale of its online classified advertising unit Scout24, two sources close to the deal said.
The investment bank might work alongside Goldman Sachs, which Deutsche Telekom (Bonn, Germany) is also set to appoint, Reuters reported on Monday.
Europe's third-largest telecoms group behind Vodafone (Newbury, UK) and Telefonica (Madrid, Spain) said late last year that it would evaluate the options for Scout24 to free funds for other investments.
Deutsche Telekom and Jefferies declined to comment.
Aiming to expand its business in what looks set to become the world’s largest M2M market, module maker Telit has unveiled two CDMA modules developed specifically for use in China.
The manufacturer’s CE910-SC and DE910-SC modules have been designed for Chinese M2M applications using CDMA network standards and R-UIM card technology.
Not-for-profit group the Continua Health Alliance has appointed Orange Healthcare’s Elinaz Mahdavy as chair of its European Working Group.
Mahdavy, the European affairs and strategic partnership manager at Orange Healthcare (Paris, France), will take responsibility for Continua’s relations with EU institutions and government entities in Europe.
She takes over from Mario Romao, a senior policy manager at Intel, who will continue to serve as vice chair.
French smart card maker Gemalto is forecasting double-digit sales growth this year, helped by strong demand for its services and products in the United States and Asia, after posting record sales in 2012.
Paris-listed Gemalto (Amsterdam, Netherlands), which makes smart chips for mobile phones and bank payment cards, said sales last year were up 9 percent at 2.24 billion euros ($2.90 billion) driven by its mobile business which accounts for close to half its sales and its smaller Security unit, which makes embedded software for electronic documents such as passports.
Deutsche Telekom is moving closer to a sale of Scout24 Group, its online portals subsidiary, according to sources cited by Reuters.
The German telecoms incumbent is on the verge of appointing Goldman Sachs (New York City, NY, USA) to manage the sale of the unit, with German media groups Bertelsmann (Gutersloh, Germany) and Axel Springer (Berlin, Germany) both reckoned to be interested in a takeover, according to the Reuters story.
French telecoms regulator ARCEP has introduced rules allowing Bouygues Telecom, the country’s third-biggest operator, to use its 1800MHz spectrum to provide 4G services.
Until now, the spectrum has been reserved for use with much older, 2G services, but the ARCEP decision means Bouygues (Paris, France) will be able to introduce LTE technology in the 1800MHz band from October 1 this year.
It will, however, be forced to relinquish some of its 1800MHz holdings so it does not gain an unfair advantage over its rivals.
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Swedish network equipment maker Ericsson has signed a five-year deal to manage the networks of Atlantique Telecom, the African subsidiary of Middle Eastern telecoms giant Etisalat.
The contract will see Ericsson (Stockholm, Sweden) manage all of the mobile networks of Atlantique Telecom, which serves about 10 million customers in Benin, the Central African Republic, Cote d’Ivoire, Gabon, Niger and Togo.
Atlantique Telecom says the deal will allow it to focus on the development of value-added services and tailored offerings for its customers.
The French telecoms regulator ARCEP said it had asked prosecutors to investigate Microsoft Corp's Skype for failing to register as a telecom operator.
Skype (Luxembourg City, Luxembourg) has not complied with the regulator's repeated requests to register as an "electronic communications operator", ARCEP said in a statement on Tuesday.
The regulator said that since Skype let users make voice calls to fixed and mobile numbers in France and around the world, it had an obligation to allow emergency calls and permit legal interception of calls when required.