Financial

EE to invest $450 million in improving mobile calls

UK operator EE says it will invest £275 million ($450 million) in improving the quality and reliability of mobile calls on its 2G and 3G networks in 2014.

The funds will also be used to conduct trials of new voice technologies such as voice over LTE (VoLTE) and voice over WiFi.

Telecom Italia says no information so far from BlackRock

Reuters

Telecom Italia said on Monday it had not received any information from U.S. money manager BlackRock regarding an increase in its stake in the Italian telecoms group to 10.14 percent, as shown by U.S. regulatory filings.

A stake of 10.1 percent would make BlackRock (New York City, NY, USA) the second biggest shareholder in Telecom Italia (Milan, Italy) after holding company Telco, and give it a potentially pivotal role at a shareholder vote on Friday on whether to oust the board of the company.

TMT Finance & Investment Asia 2014 Conference and Awards

Date
Start Date: 
Thursday, January 16, 2014
End Date: 
Thursday, January 16, 2014

Hong Kong:

The premier regional conference for key leadership from telecom and media companies, investment banks, investors, financiers and professional and legal advisers across Asia. 

EU court upholds Microsoft, Skype deal, rejects Cisco challenge

Reuters

Europe's second highest court upheld a decision on Wednesday by European Union regulators clearing Microsoft's $8.5 billion takeover of Skype in 2011, rejecting a challenge by the world's top network equipment maker Cisco Systems Inc.

At a hearing in May, Cisco (San Jose, CA, USA) argued that Microsoft's (Seattle, WA, USA) acquisition of the Internet video and voice messaging company created a monopoly and that the European Commission was wrong to approve the deal without demanding concessions from Microsoft.

Telecom Italia board not considering TIM Brasil break-up plan: CEO

Reuters

The board of Telecom Italia is not considering any plan to break up the company's Brazilian wireless unit TIM Participacoes, CEO Marco Patuano said on Tuesday.

"The board is not studying any break-up of TIM Brasil (Rio de Janeiro). I will never grow tired of repeating that it is for us a strategic company," he said on the sidelines of an event.

A government source in Brazil said on Monday the country's antitrust watchdog had not ruled out a possible break-up of TIM Brasil into units to be bought by local rivals.

AT&T considering more widespread fiber deployment: report

Set to launch a ‘gigabit’ fiber-based service in Austin, Texas this week, US telecoms giant AT&T is reportedly considering plans to extend the deployment of super-fast broadband services to other cities in the country.

According to a report from the UK’s Financial Times newspaper, Randall Stephenson, the operator’s chief executive, told attendees at an investor conference in New York that he saw “lots of other opportunities around the country … for Austin-type projects”.

Bid deadline for Canada's Mobilicity delayed by a week

Reuters

The court-appointed monitor for struggling Canadian wireless startup Mobilicity has extended the deadline for suitors to bid for the company by a week to December 16, a regulatory filing shows.

Bidders for the Toronto-based startup, which filed for court protection from its creditors earlier this year, now have until noon next Monday to submit their offers in the court-supervised auction, according to a document posted on the website of monitor Ernst & Young Inc.

Ernst & Young said it extended the deadline following requests from several bidders.

US court upholds trial plan over defunct Nortel's $7.5 billion cash

Reuters

The fight over defunct Nortel Networks' $7.5 billion in cash will be decided in joint U.S.-Canadian court hearings and not in arbitration, a U.S. appeals court ruled on Friday.

The U.S. Court of Appeals for the Third Circuit in Philadelphia upheld a bankruptcy court ruling in March that there was never an agreement to use arbitration to divide the pile of cash among various Nortel (Mississauga, Canada) estates around the world.

Deutsche Telekom to lay off 6,000 T-Systems workers: report

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 Iliad asks to join rivals' network sharing plan: Les Echos

Reuters

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.

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