Sprint Nextel Corp, the majority owner of Clearwire Corp, has offered $2.1 billion to buy the rest of the wireless service provider but it will likely have to offer more money in order to secure a deal.
Clearwire (Bellevue, USA), which said it is reviewing the offer, saw its share jump more than 11 percent to $3.06 after the offer, topping Sprint's $2.90 offer price and suggesting that shareholders were hoping for a higher bid.
Sprint is in talks with Clearwire to acquire the 49% of the ailing mobile broadband operator it does not already own, according to CNBC.
Citing sources close to the matter, CNBC reports that the two companies are involved in “active negotiations” and could strike an agreement before the end of the year.
Redbox kiosks owner Coinstar Inc
The companies are set to launch their Redbox Instant video streaming service more than ten months after they first inked a joint venture.
Coinstar (Bellevue, USA) shares were up 3 percent at $52.50 on the Nasdaq on Wednesday morning. While Netflix (Los Gatos, USA) shares were down marginally at $86.24.
Chinese equipment maker Huawei continues to make inroads into territory previously held by its western rivals, having just signed an important managed-services deal with 3UK, the small UK operator owned by Hutchison Whampoa (Hong Kong).
The arrangement will see Huawei (Shenzhen, China) handling service management and operations for 3UK’s core network, transport network and ICT applications.
It has chosen India’s Tech Mahindra (Pune, India) as a partner for the work on ICT applications.
Deutsche Telekom hopes major investments in Germany and the United States and a long-awaited iPhone deal will turn around its fortunes, compensating for the dividend cut it plans to pay for them.
The company said it would increase investments by more than an annual 1 billion euros ($1.3 billion) to 9.5 billion euros in 2015 from an estimated 8.3 billion euros this year, rolling out faster broadband and next generation 4G networks, as it cut its dividend by almost 30 percent.
France Telecom's Polish unit TPSA expects its home telecoms market, which it dominates, to shrink by over seven percent next year because of economic woes and further regulatory cuts in mobile charges, its top executive said.
TPSA (Warsaw, Poland), the former state monopolist, already slashed its 2012 outlook and future dividend payout last month due to economic factors and aggressive competitors, dragging its shares to levels unseen in nine years.
France Telecom’s chief executive has said an acquisition of Vivendi’s stake in Maroc Telecom would have “strategic interest” in an interview with France’s Le Figaro newspaper.
Stephane Richards said valuing the Moroccan business was out of the question, but that an acquisition could make sense for the French telecoms incumbent.
He acknowledged, however, that France Telecom (Paris, France) would struggle to fund a purchase given its current high level of debt and depressed share price.
UK telecoms incumbent BT is to slash the wholesale price of its superfast broadband service, although broadband operators interested in its forthcoming on-demand offer may face substantial set-up fees.
From June 2013, the rental price of BT’s 330Mbps fibre-to-the-premises (FTTP) service will fall to just £38 ($61) a month, from £60 currently.
BT (London, UK) says those rates will also apply to the FTTP on-demand (FoD) service it plans to launch in the first half of 2013.
Cable & Wireless Communications (CWC) is to sell most of its Monaco & Islands division businesses to Bahrain’s Batelco for the cash fee of $680 million as it looks to reduce debt and focus on operations in Central America and the Caribbean.
The UK-headquartered operator will sell all its shareholdings in the Maldives, Channel Islands and Isle of Man, the Seychelles, South Atlantic and Diego Garcia, as well as a 25% stake in Compagnie Monegasque de Communication (CMC), which owns 55% of Monaco Telecom.
U.S.-Israeli media magnate Haim Saban agreed to buy a controlling stake in Israel's second largest telecoms operator, Partner Communications
Saban Capital (Los Angeles, USA) will pay Israeli holding company Scailex Corp