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
New Zealand’s Chorus has issued a stark warning that new pricing regulation could slash NZD180 million ($148 million) off its annual earnings in future and hinder the take-up of new fibre-based broadband services.
The operator, which was carved out of Telecom Corp of New Zealand (Wellington, New Zealand) last December, owns most of New Zealand’s copper-line networks and provides wholesale fixed-line and broadband services over this infrastructure.
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Far from fearing the coming investment from Europe's telecom giants into superfast broadband, smaller cable firms believe they will still beat the big guns to the trigger.
Cable operators Liberty Global (Amsterdam, Netherlands), Ziggo (Utrecht, Netherlands), Kabel Deutschland (Unterfoehring, Germany) and Virgin Media (Hook, UK) have already stolen a march on their less nimble rivals, winning customers and investors with their expansion into broadband.
Weaker sales and the rising cost of device subsidies triggered declines in third-quarter revenues and net income at Maxis, Malaysia’s biggest telecoms operator.
While revenues dropped 1.2%, to 2.21 billion ringgits ($723 million), compared with the same period of 2011, net profit was down an alarming 17.7%, to 443 million ringgits.
Maxis (Kuala Lumpur, Malaysia) faces particularly aggressive competition in the mobile-phone sector and has been forced to cut prices and increase device discounts to attract and retain customers.
South Africa’s Shanduka Group has paid $335 million for a stake in MTN Nigeria, the West African country’s largest mobile-phone business.
Describing itself as a black-owned and managed investment holding company, Shanduka (Sandton, South Africa) has acquired the stake from three private investors but not disclosed how much of MTN Nigeria it now owns.
The operator is majority owned by South Africa’s MTN Group (Johannesburg, South Africa), which holds a 78.83% stake in the company.
In what could be a blow to the European ambitions of Egypt’s Naguib Sawiris, Telecom Italia says it will not bid for GVT, Vivendi’s Brazilian phone business, according to Italy’s Il Sole 24 Ore newspaper.
Billionaire Sawiris this week confirmed that he would attempt to buy a stake in the Italian incumbent through a cash injection of €3 billion ($3.9 billion), but Telecom Italia (Rome, Italy) had previously hinted at a lack of interest unless it decided to proceed with a bid for GVT (Curitiba, Brazil).
Egyptian tycoon Naguib Sawiris is used to ruffling feathers and making headlines.
He was up to both on Tuesday, provoking shareholders at Telecom Italia (Rome, Italy) with proposals to make himself a significant shareholder at half the price they might want, while the political party he co-founded prepared for protests against Egypt's president.