Deutsche Telekom is planning to cut up to 6,000 jobs at its T-Systems IT division, according to a report from German newspaper Handelsblatt.
The layoffs would reduce the size of the T-Systems workforce in Germany by more than a fifth from its current level of 29,000 employees, and is said to be aimed at streamlining operations to make the IT business more competitive.
Deutsche Telekom (Bonn, Germany) has confirmed that it is planning restructuring measures to the Wall Street Journal but refused to comment on speculation about the number of jobs that will be affected.
France's upstart mobile player Iliad is seeking talks with larger rivals Vivendi's SFR and Bouygues Telecom over joining the duo's network sharing plan, according to a letter published online by Les Echos newspaper.
The letter attributed to Iliad (Paris, France) Chief Executive Maxime Lombardini underscores how the planned network sharing between France's second- and third-largest operators, which aims to cut costs in response to Iliad's low-cost service, could reshape competition in Europe's fourth-biggest mobile market by clients.
Canada's Competition Bureau said on Friday it would allow Canadian telecom company Telus Corp (Burnaby, Canada) to buy all of struggling startup Public Mobile (Toronto, Canada).
Industry Minister James Moore had approved the sale last month, saying it would not hurt consumers. The Conservative government is eager to boost competition in the wireless sector.
France’s Orange has announced a $1.4 billion sale of its business in the Dominican Republic to private-equity player Altice.
Earlier this week, the two companies were reported by the UK’s Financial Times newspaper to be holding talks about a sale of Orange Dominicana, with Stephane Richard, Orange’s (Paris, France) chief executive, promising to provide an update to investors within days.
Privately held Cox Communications is considering bidding for Time Warner Cable either on its own or as part of a joint bid, The Wall Street Journal reported on Tuesday, citing anonymous sources.
Recent media reports suggest Time Warner Cable (New York City, NY, USA) is currently being circled by Charter Communications (Stamford, CT, USA) and top cable provider Comcast (Philadelphia, PA, USA) could jump into the fray with a joint bid for Time Warner Cable along with Charter.
Vivendi's supervisory board on Tuesday unanimously backed a plan to demerge the group's SFR business as it reduces exposure to telecoms and focuses on media.
The French group named Hearst Magazines' (New York City, NY, USA) Arnaud de Puyfontaine head of media and content activities to run the remaining businesses - Universal Music Group (Santa Monica, CA, USA), pay-TV company Canal Plus (Issy-les-Moulineaux, Franc) and Brazilian telecom unit GVT (Curitiba, Brazil).
The supervisory board also confirmed top shareholder Vincent Bollore as chairman of the future Vivendi.
French telecoms incumbent is reportedly in discussions to sell its business in the Dominican Republic to private-equity player Altice for the sum of about €1 billion ($1.35 billion).
According to a report from the UK’s Financial Times newspaper, which cites a source close to the situation, Altice is participating in an auction process being conducted by Orange (Paris, France).
Finnish operator DNA has announced the appointment of Jukka Leinonen as its new chief executive.
Leinonen was previously the company’s vice president of corporate business but has been acting chief executive since the end of August 2013, when former chief executive Riitta Tiuraniemi quit the role.
“The aim of the Board of Directors was to find a CEO who has a strong ability to map out new opportunities for DNA (Helsinki, Finland) in the midst of the upheaval in the telecommunications industry,” said Jarmo Leino, DNA’s chairman.
Legislation to implement a major overhaul of Mexico's telecommunications industry will not be approved until early next year, pushing back a deadline set for December, two senior lawmakers said on Saturday.
The secondary laws set out the fine print for a telecoms reform promulgated in June by President Enrique Pena Nieto which gives regulators sweeping powers to rein in billionaire Carlos Slim's telecoms giant America Movil (Mexico City, Mexico) and dominant broadcaster Televisa (Mexico City, Mexico).
Shares of Intel Corp fell nearly 5 percent on Friday after Wall Street came away from its investor meeting craving more evidence that the chipmaker can forge a strong mobile presence to drive up revenue and margins.
Investors wanted the company at the vanguard of personal-computer technology to lay out a plan to get higher-margin chips into tablets and smartphones, which are rapidly eroding sales of traditional PCs.