AT&T Inc. and Deutsche Telekom AG announced Sunday that they have entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approximately $39 billion. The agreement has been approved by the Boards of Directors of both companies. AT&T was unavailable for comment.
The second TMT Finance & Investment Africa Summit - Defining Investment Strategies for African telecoms, provides an exclusive knowledge exchange platform for leading telecom executives, investors, bankers and advisers active in Africa.
ZTE Corporation, a global provider of telecommunications equipment and network solutions, and China Tel Group, Inc., a US-based operator of wireless broadband and telecommunications networks, today jointly announced they have signed a contract for ZTE to supply ChinaTel with infrastructure equipment for the nine city wireless broadband network ChinaTel is deploying in the Fujian province.
Altobridge Limited, an Irish company that makes low-cost wireless network technology, announced this week that Intel Capital and IFC will together invest $12 million in the company.
Telefónica O2 UK last week announced that they signed a multi-million pound contract with international security solutions group and major UK smart meter operations service provider G4S Utility Services (G4S) to simplify the remote management and monitoring of the O2 UK’s national smart meter network.
Now in its fifth year, the conference is well established as the leading regional gathering for financial and strategic decision makers in the telecom, finance and law sectors.
The event uniquely brings together telecom leaders (CEOs, CFOs, CSOs, FDs and heads of M&A) with Investment Bankers, Lawyers, Financiers and Professional Advisers to debate Investment Strategy, Mergers and Acquisitions and Financing.
Deutsche Telekom (Bonn, Germany) discussed rollout plans for both its fiber-to-the-home (FTTH) and wireless LTE network expansions in a press conference today at CeBIT. As many as 160,000 households in 10 German cities will connect via FTTH this year.
The company claims download speeds in excess of 1 Gbps and upload speeds of 500 Mbps will be available.
Certain districts within Braunschweig, Brühl, Hanover, Hennigsdorf, Neu-Isenburg, Kornwestheim, Mettmann, Offenburg, Potsdam, and Rastatt will get FTTH in 2011.
LightSquared (Reston, VA, USA), a wholesale-only wireless broadband and satellite network provider, has closed on $586 million of debt, led by UBS AG and JP Morgan. LightSquared will use the proceeds of the financing for general corporate purposes, which include constructing its 4G-LTE network. Over the last seven months, the financially troubled company has raised more than $2 billion in debt and equity.
Just north of the US border lies the second largest country on earth. Canada’s population of 34 million is just over one tenth of the US population. In many ways, Canada is quite similar to the US. However, the mobile environment is quite different.
Canadians are still in the middle of the pack when it comes to mobile penetration. While the country was an early adopter of mobile technology, inexpensive land line phone services kept the growth of mobile at relatively modest levels throughout the 1990s. As of June 2010, Canadian wireless subscribers numbered 23.4 million.
Telecom Argentina (Buenos Aires), one of Argentina's top telephone companies, said on Tuesday its fourth-quarter net profit jumped 28 percent as the company's mobile phone and broadband sales expanded.
The company -- controlled by Telecom Italia -- reported a net profit of 512 million pesos ($124.7 million) for the last quarter of 2010, up from 399 million pesos a year earlier, according to a statement sent to the Buenos Aires Stock Exchange.
The figure came in a shade above the median forecast for a net profit of 500 million pesos, given in a Reuters poll of four analysts.