Financial

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.

Canada Competition Bureau approves Telus bid for Public Mobile

Reuters

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.

Orange sells Dominican business to Altice for $1.4 billion

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 looking at bid for Time Warner Cable: WSJ

Reuters

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 supervisory board backs demerger, Bollore

Reuters

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.

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