AT&T Inc, the biggest U.S. phone company, said on Tuesday that it would sell its wireline operations in Connecticut to regional telephone operator Frontier Communications for $2 billion in cash, to help fund network upgrades.
Frontier (Stamford, CT, USA) shares rose more than 8 percent after it said the deal would boost its dividend payout ratio, generate savings and improve its adjusted free cash flow.
US operator Sprint is readying a bid of more than $20 billion for smaller rival T-Mobile US, according to a report from Dow Jones Newswires.
Citing people familiar with the matter, the newswire says Sprint is currently studying regulatory concerns but could launch a bid in the first half of next year.
A takeover would combine the country’s third- and fourth-biggest players to create a stronger rival to market leaders AT&T (Dallas, TX, USA) and Verizon Wireless (New York City, NY, USA).
Scandinavian operator TeliaSonera has unveiled details of a restructuring aimed at improving its focus on customers and making it a more transparent organization from a corporate-governance perspective.
As a result of the new structure, TeliaSonera (Stockholm, Sweden) will split operations into three geographical divisions addressing needs in Europe, Eurasia and Sweden, its domestic market.
New Zealand’s government has sided with telecoms infrastructure player Chorus in its assessment of the impact that regulated price cuts would have on planned investment in a nationwide broadband network.
According to a government report prepared by Ernst & Young, price cuts mandated by New Zealand’s telecoms regulator for access to copper-line networks would leave Chorus (Auckland) with a funding shortfall of about NZD1 billion ($825 million) assuming it did not implement any cost-saving measures.
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 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.
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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.
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.
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”.