Brazilian operator Oi has swiftly published preliminary details of its 2012 earnings after announcing an unexpected change in leadership.
The company surprised observers earlier this week by revealing that Francisco Valim, the chief executive since September 2011, has been replaced by chairman Jose Carneiro da Cunha.
According to Dow Jones Newswires, citing a person familiar with the matter, da Cunha’s appointment is only temporary while the company finds a permanent replacement.
Investors holding 29 percent of the outstanding minority shares of Clearwire Corp
Sprint (Overland Park, USA), the No. 3 U.S. mobile service provider, announced on December 17 an agreement to acquire the outstanding shares of Clearwire (Bellevue, USA) it doesn't already own for $2.97 per share. While Sprint holds a more than 50 percent stake in Clearwire, the deal requires approval from holders of just over 50 percent of Clearwire's minority shares.
U.S. telecoms group AT&T is looking at an acquisition in Europe, possibly of Dutch peer KPN or the UK's Everything Everywhere, to offset weak growth at home, the Wall Street Journal reported.
AT&T (Dallas, USA) executives were considering a takeover in Europe, and some believed an opening existed now to buy a carrier in a major European market such as Britain, Germany or the Netherlands, the paper added.
AT&T Inc warned on Thursday that it will take a fourth quarter charge of about $10 billion due to bigger than expected pension obligations, sending its shares down 1.3 percent.
The telephone company also said that results would be hurt by higher than expected smartphone costs and damage due to Superstorm Sandy.
Telecom Italia has unveiled new pricing plans, including a single rate for landline calls to fixed and mobile numbers, and provided an update on its LTE and fiber deployments during a meeting with Italian consumer associations.
Marco Patuano, the company’s chief operating officer, said a new single rate of €0.05 per minute will come into effect from April 1.
China’s CITIC Telecom has paid $1.16 billion to acquire a 79% stake in Macau’s largest telecoms operator from Cable & Wireless Communications (C&W) and Portugal Telecom.
State-backed CITIC (Hong Kong) already held a 20% stake in Companhia de Telecomunicacoes de Macau (CTM) but was eager to gain control of the growing business.
Satellite television provider Dish Networks has made an offer to buy Clearwire that tops Sprint’s bid to take full control of the beleaguered mobile broadband company.
Dish’s offer values Clearwire (Bellevue, USA) at $3.30 a share, considerably more than the $2.97 that Sprint (Overland Park, USA) has offered for the 50% of Clearwire shares it does not already own.
Dish’s proposal also includes an offer to buy a substantial swathe of Clearwire’s spectrum for about $2.2 billion.
Dish Network Chairman Charlie Ergen said on Monday it could take months to finalize his plans to enter the wireless industry because of regulatory and technology complications, but his company has no intention of selling spectrum it spent billions acquiring.
The cable service provider received regulatory approval to use its spectrum for wireless services in December. But Dish (Meridian, USA) has still not made clear whether it will build a wireless network on its own, or offer a service in partnership with other companies.
A large Clearwire Corp shareholder on Friday stepped up its campaign against the planned sale of the wireless service provider to its majority owner, Sprint Nextel Corp, saying it plans to ask the U.S. telecoms regulator to block the deal.
Crest Financial's general counsel also said on a call with reporters that it will ask the U.S. Federal Communications Commission to block Sprint's plan to sell 70 percent of itself to Softbank Corp (Tokyo, Japan) of Japan for $20 billion.
French mobile-phone operator plans to maintain capital expenditure at a 2012 level of between €1.5 billion and €1.6 billion this year, according to a report in France’s Les Echos newspaper.
The operator reportedly plans to increase spending on mobile networks while reducing investments elsewhere.
Much of the capital expenditure is likely to go towards expanding the reach of SFR’s LTE networks, following the launch of commercial LTE services last November.