AT&T Inc is planning to announce on Wednesday that it will expand its Latin American reach for business customers through a collaboration with Mexican billionaire Carlos Slim's America Movil.
AT&T (Dallas, TX, USA) will be able to do business in 15 countries, including Argentina, Chile and Colombia, through connections with America Movil (Mexico City, Mexico) networks, according to a representative for AT&T.
Investors have reacted glumly to the announcement by Oman’s government of plans to sell a 19% stake in Omantel, causing shares in the telecoms incumbent to fall to a ten-week low, reports Reuters.
Authorities have resurrected a plan to sell shares first unveiled in 2007, when eight operators from Europe, the Middle East and Asia managed to prequalify for the sale.
UK-headquartered Vodafone is eyeing potential acquisition opportunities in India in the wake of its $130 billion sale of a major stake in US operator Verizon Wireless, reports the Financial Times.
Speaking with the UK newspaper, Martin Pieters, the head of Vodafone India (Mumbai, India), said the only thing now preventing the operator from pursuing takeover opportunities was the attitude of Indian regulators.
French cable company Numericable is planning an public offering this fall with an enterprise valuation of approximately €6 billion ($8 billion), reports French TV channel BFMTV and Dow Jones Newswires.
According to bankers cited by BFMTV, the company is to hold a meeting with financial analysts on Thursday at which it will discuss the details of the offering, with Deutsche Bank and JPMorgan Chase & Co acting as lead managers.
Dutch telecoms incumbent KPN says it has reached an agreement with tax authorities to record a tax book loss of €3.7 billion ($4.94 billion) after completing the sale of E-Plus to Telefonica.
The loss would offset KPN’s (The Hague, Netherlands) taxable income in the Netherlands in future, starting in 2014, and could make the operator more attractive to America Movil (Mexico City, Mexico), the Latin American telecoms giant that has offered €7.2 billion for the 70% of KPN it does not already own.
Board members of Telecom Italia are set to meet on October 3 to discuss options for the Italian telecoms incumbent amid ongoing speculation about its future ownership structure, according to Reuters.
Telecom Italia (Milan, Italy) has already scheduled a board meeting for this week and reports suggest that Spain’s Telefonica (Madrid) will make an offer to buy out other members of Telco, a consortium of shareholders that owns 22% of Telecom Italia.
Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany's largest cable firm plan to sue for a better price for their outstanding holdings, three financial sources with knowledge of the matter said on Friday.
Vodafone (Newbury UK), which wants Kabel Deutschland (Unterfoehring, Germany) in order to offer more television and fixed-line services in its largest European market, said late on Thursday it had secured more than 75 percent of shares in the company, a condition for its 7.7 billion euro ($10 billion), 87 euro-per-share, offer.
Telecom Italia's independent board member Elio Catania, who is being investigated for alleged insider trading, resigned on Friday, the company said.
In a statement, Telecom Italia (Milan, Italy) said Catania had told the company he had decided to quit so that the board's activities and the work of investigators could proceed "in an orderly manner."
In his resignation letter, Catania said he had always acted correctly.
AT&T says it has completed the acquisition of spectrum from rival operator Verizon Wireless that will help it speed up the deployment of its high-speed 4G network.
The operator has paid $1.9 billion for a swathe of 700MHz licenses covering some 42 million people in 18 states.
Besides the cash payment, AT&T (Dallas, TX, USA) has also transferred to Verizon (New York City, NY, USA) several Advanced Wireless Services (AWS) licenses covering Phoenix (AZ), Los Angeles (CA), Fresno (CA), Albuquerque (NM) and Portland (OR).
UK operator EE has reportedly won a £300 million ($473 million) deal to provide mobile-phone services to Virgin Mobile over a five-year period.
According to a report from the UK’s Financial Times newspaper, the operator secured the agreement despite strong competition from other mobile network operators and is set to make an official announcement later this week.