Financial

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.

Orange talking to Altice about Caribbean sale: Financial Times

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).

Finland's DNA names Leinonen CEO

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.

Secondary laws for Mexico telecoms overhaul to be delayed: lawmakers

Reuters

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).

Intel shares drop as Wall Street questions mobile growth

Reuters

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.

Microsoft to win EU okay for $7.3 billion Nokia deal: sources

Reuters

Microsoft is set to secure unconditional EU regulatory approval for its proposed 5.4-billion-euro ($7.30 billion) takeover of Nokia's mobile phone business, two people familiar with the matter said on Friday.

The deal, announced in September and which includes a 10-year licensing agreement of Nokia's (Helsinki, Finland) patent portfolio, underscores Microsoft's (Seattle, WA, USA) push into the competitive consumer devices market.

It faces fierce competition from market leader Samsung Electronics (Seoul, South Korea) and Apple (Cupertino, CA, USA).

T-Mobile US eyes airwaves buy from Verizon Wireless: source

Reuters

T-Mobile US is looking to buy wireless airwaves from larger rival Verizon Wireless to bolster its mobile network capacity for data services, a source familiar with the matter said on Tuesday.

While T-Mobile (Bellevue, WA, USA) has approached Verizon (New York City, NY, USA) about buying the spectrum, the process is still in the early stages, according to the source, who asked not to be named. The source was not authorized to discuss the matter.

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