Deutsche Telekom has bought the remaining parts of its T-Mobile Czech Republic division for about 800 million euros ($1.09 billion) to take full control of the unit, a source with knowledge of the matter said on Sunday.
Deutsche Telekom (Bonn, Germany) is acquiring the 40-percent stake in T-Mobile Czech Republic (Prague, Czech Republic) from investors Mid Europa Partners (MEP) and Al Ain, the source said on condition that he not be identified because the matter is confidential, confirming a report in Germany's Manager Magazin Online.
Deutsche Telekom declined to comment.
Britain's Vodafone said it was finally seeing early signs of a turnaround due to a growing number of customers and the take-up of more expensive 4G services, following yet another torrid quarter hit by fierce competition in Europe.
The world's second-largest mobile operator has reported record falls in underlying revenue in the last 18 months, due also to regulator-imposed price cuts and European consumers reducing the number of calls they made during the recession.
Alcatel-Lucent almost halved its net loss for 2013 as cost-cutting, a tweaked product offering and asset sales under Chief Executive Michel Combes began to take effect.
The telecoms equipment maker, which competes with Sweden's Ericsson (Stockholm), China's Huawei (Beijing) and Nokia's (Helsinki, Finland) NSN unit, said its gross margin was 34 percent and operating profit 307 million euros - both better than expected.
GE has announced its takeover of software company API Healthcare, describing the move as a part of its “Industrial Internet” strategy and one that will bolster its portfolio of software, data and analytics services.
The financial terms of the deal were not disclosed, but GE (Fairfield, CT, USA) said that API Healthcare’s (Hartford, WI, USA) offerings would complement its own portfolio of Hospital Operations Management (HOM) services – provided through its GE Healthcare division – giving hospitals real-time access to operational data.
Cloud computing player AutoGrid Systems has raised $12.75 million in a fresh round of funding, including support from Germany’s E.ON, one of the world’s largest utility companies.
The company said the investments would be used to expand operations as it looks to promote its big data analytics solutions to energy companies and electricity users globally.
U.S. mobile operator AT&T said on Monday it was not planning to take over Britain's Vodafone, making its intentions clear after a request from the takeover panel following months of speculation.
The statement to the London Stock Exchange rules out the second-largest mobile service provider in the United States from buying Vodafone (Newbury, UK) for the next six months. However the group can still make an offer if Vodafone's board agrees to it, or if a third party enters the fray.
UK fixed-line incumbent BT has unveiled plans to spend another £50 million ($82.6 million) on extending fiber broadband services to homes and businesses over the next three years.
In a statement, the operator said the extra investment would benefit more than 30 cities in the UK and more than 400,000 additional premises.
It will mainly focus on equipping city cabinets that were not part of BT’s (London, UK) original plans, deploying fiber to cabinets that serve apartment blocks and laying additional fiber to new build sites in cities.
Vodafone Hutchison Australia (VHA) is set to replace departing chief executive Bill Morrow with Inaki Berroeta, who currently heads up the Vodafone Group’s business in Romania.
In a statement, the operator said that Berroeta would take over from Morrow on 1 March, with Morrow to stay on until the end of March to ensure a smooth transition takes place.
After that, Morrow will leave the Vodafone Group to take charge of NBN Co, the government-backed operator that is deploying a high-speed network across Australia.
Google Inc took its biggest step to go deeper into consumers' homes, announcing a $3.2 billion deal to buy smart thermostat and smoke alarm-maker Nest Labs Inc, scooping up a promising line of products and a prized design team led by the "godfather" of the iPod.
Nest (Palo Alto, CA, USA) will continue to operate as its own distinct brand after the all-cash deal closes, Google (Mountain View, CA, USA) said on Monday.
The deal is the second largest in Google's history after the $12.5 billion acquisition of mobile phone maker Motorola in 2012.
Rising take-up in the automotive, consumer electronics and utilities sectors will drive a 13% annual increase in global M2M revenues, to €40 billion ($54.5 billion), between now and 2017, according to new research from IDATE.
The market-research company also expects to see the number of M2M modules in use grow by 30% over the same period, rising from 175 million in 2013 to 470 million in 2017.
Europe is expected to be the largest market in terms of revenues, although the Asia-Pacific will dominate when it comes to volumes.