FRANKFURT (Reuters) - Britain's Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors to fund acquisitions across Europe and the United States, the company said on Monday.
Aleph Capital Partners, a UK investment firm headed by former Goldman Sachs European private equity investment chief Hugues Lepic, and Crestview Partners, a U.S. private equity firm founded by ex-Goldman colleagues, have agreed to buy a 30 percent stake in London-based Interoute.
BRUSSELS (Reuters) - Germans should be able to buy books from British online retailers and Italians ought to have access to movies on sites in Belgium, according to EU draft proposals on Wednesday setting priorities to boost Europe's digital economy.
Along with outline proposals to limit national control of mobile phone frequencies and simplify cross-border VAT sales taxes for small businesses, the European Commission sees the promotion of online trading across the bloc as a useful way to revive growth in stagnating EU economies.
WASHINGTON (Reuters) - Boeing Co on Monday said it could clinch a deal this year to build a high-throughput communications satellite for top technology companies such as Google Inc, Amazon.com Inc, Facebook Inc or Apple Inc.
Jim Simpson, vice president of business development and chief strategist for Boeing Network and Space Systems, told Reuters the big technology firms were keen to expand Internet access around the world to help them grow.
WASHINGTON (Reuters) - AT&T Inc's proposed acquisition of satellite television company DirecTV is getting a smooth ride from U.S. regulators and industry rivals, who instead are directing their firepower at a merger deal between the nation's two biggest cable operators.
U.S. Federal Communications Commission filings and interviews with several people familiar with the Justice Department show the $48.5 billion AT&T-DirecTV deal is getting far less attention than Comcast Corp's agreement to buy Time Warner Cable Inc for $45 billion.
PARIS (Reuters) - France's Orange will plow 15 billion euros ($15.9 billion) into upgrading networks until 2018 to differentiate itself from rivals in a price war in its domestic market.
Orange, Europe's fifth-largest telecom operator by market value, also said that it would take until 2018 for its sales and core operating profit to exceed 2014 levels.
MEXICO CITY (Reuters) - Mexico hopes to launch the tender for a $10 billion national mobile broadband network by early October, the country's transport and communications ministry (SCT) said on Wednesday.
Creation of the network was written into Mexico's constitution as part of a telecoms sector overhaul finalized last year that aims to boost competition and investment in a sector dominated by billionaire Carlos Slim's America Movil.
PARIS (Reuters) - French telecoms group Iliad pledged to raise operating profit by 10 percent this year after it reached a 15 percent market share in mobile three years after shaking up the market with low-cost, no-contract plans.
Founded and majority-owned by billionaire Xavier Niel, Iliad sparked a price war in mobile in 2012, forcing larger rivals Orange, Numericable-SFR and Bouygues Telecom to cut costs to cope.
BARCELONA (Reuters) - STMicroelectronics said on Tuesday it expected a second year of growth in its wireless business in 2015, following years of losses, a resurgence that eventually could help Europe's largest semiconductor maker hit overall profit margin improvement goals.
Speaking to financial analysts at the annual Mobile World Congress, executives of the Franco-Italian chipmaker spelled out its strategy for taking its wireless business to the same level of profitability as its other, healthier businesses.
PARIS (Reuters) - Europe's big telecom firms are back to rude financial health after years of poor results and regulatory pressure, drawing crowds of new investors and protests from rivals who worry the formerly state-owned companies may rebuild their monopolies.
Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector.
MILAN (Reuters) - The Italian government is pushing to speed up the roll-out of ultrafast broadband networks to help its ailing economy, fuelling speculation it could force incumbent Telecom Italia into a costly overhaul of its existing infrastructure.
The cabinet of Prime Minister Matteo Renzi meets on Tuesday to approve an 6 billion euro ($6.7 billion) plan to build a nationwide fiber optic network by replacing the aging copper wires that run into subscribers' homes.