Deutsche Telekom has slashed its free cash flow target for 2015 from €6 billion ($8.33 billion) to little more than €4.2 billion owing to the investment demands of its T-Mobile US subsidiary.
Reporting full year results, the operator said it would increase spending on the rollout of its LTE network using the 700MHz frequencies it recently acquired from Verizon Wireless (New York City, NY, USA).
Its goal is to extend coverage to about 250 million people, up from 225 million at the end of 2013.
Mexico's telecommunications watchdog unveiled a slew of regulations on Friday to claw back the massive telephone business of billionaire Carlos Slim, but said it would not order a break-up of his companies for now.
Mexico is trying to open up its phone and TV industries to more competition following last year's passage of a major telecoms reform that targets the vast market shares enjoyed by Slim and the country's no. 1 broadcaster, Televisa (Mexico City, Mexico).
German Infrastructure Minister Alexander Dobrindt said on Friday Berlin will invest the proceeds of planned sales of frequency bands to mobile telephone services in broadband infrastructure expansion.
Germany's right-left coalition government aims to have broadband of at least 50 megabits a second available across the country by 2018, up from a coverage level of 60 percent. For the upgrade an estimated 20 to 34 billion euros is necessary.
(Reporting by Thorsten Severin and Peter Maushagen, editing by David Evans)
An online education company backed by Alibaba Group Holding Ltd said on Monday that a unit of Softbank Corp had made a strategic investment in the company for an undisclosed amount.
The investment in TutorGroup from SBI Group (Tokyo, Japan), formerly known as Softbank Finance Group and one of Asia's biggest venture capital firms, follows a capital raising of nearly $100 million for TutorGroup in February from Alibaba (Hangzhou, China), Singapore state investor Temasek Inc and China's Qiming Venture Partners (Shanghai).
Following the Snowden snooping revelations, there is growing interest in a range of mobile phone products with one central selling point: privacy.
The latest contender is the Blackphone, an Android software-based mobile which encrypts texts, voice calls and video chats and will be launched at the Mobile World Congress in Barcelona on Monday.
It aims to tap into the market for so-called mobile security management (MSM) products, which was estimated at $560 million in 2013 and is expected to nearly double in size to $1 billion a year by 2015, according to ABI Research.
Last year's revelations over the U.S. tapping of phone and internet data gave telecoms firms pause for thought over whether they should sell their "big data" for gain, but the commercial potential could prove irresistible.
Although figures are scarce, analysts think selling data on mobile users' locations, movements, and web browsing habits may grow into a multi billion-dollar market for the business.
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Italian phone incumbent Telecom Italia has denied it is involved in talks to merge Brazilian subsidiary TIM Brasil with Vivendi-owned GVT, according to a report from Reuters.
The news comes after Brazilian daily O Estado de S. Paolo is said to have reported that Telecom Italia (Milan, Italy) recently met with Vivendi (Paris, France) managers to hold preliminary talks about a merger of the two businesses.
“(There are) no ongoing talks over a possible GVT [Curitiba, Brazil] deal,” a Telecom Italia spokesman is quoted as saying by Reuters.
Alcatel-Lucent almost halved its net loss for 2013 as cost-cutting, a tweaked product offering and asset sales under Chief Executive Michel Combes began to take effect.
The telecoms equipment maker, which competes with Sweden's Ericsson (Stockholm), China's Huawei (Beijing) and Nokia's (Helsinki, Finland) NSN unit, said its gross margin was 34 percent and operating profit 307 million euros - both better than expected.
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