China's Huawei, one of the world's largest telecoms network infrastructure providers, is not planning any large takeovers because it would be unable to integrate them, Deputy Chairman Guo Ping was reported as saying in German paper Welt am Sonntag.
Ping, one of three deputy chairmen who take turns acting as chief executive, was responding to the paper's question on whether he could imagine buying one of Europe's big players in the sector, such as Nokia (Helsinki, Finland) or Alcatel-Lucent (Paris, France).
The UK’s Vodafone has completed its €7.7 billion ($10.43 billion) takeover of Kabel Deutschland, according to a statement on the German cable company’s website.
The deal puts Vodafone (Newbury, UK) in control of 76.57% of Kabel Deutschland’s (Unterfoehring, Germany) shares and will aid its push into Germany’s high-speed broadband market and allow it to better compete against telecoms incumbent Deutsche Telekom (Bonn, Germany) on bundled packages that include fixed, broadband and mobile services.
Spanish telecoms group Telefonica has started preparing the sale of its $3.6 billion stake in its listed Czech unit, three sector bankers closely following the process but not directly involved said on Monday.
Telefonica (Madrid, Spain), which aims to cut its debt to under 47 billion euros ($64 billion) by the end of the year, has sold a number of assets to pay down borrowings, including its Irish business O2.
Analysts have long tipped Telefonica Czech Republic as an asset the group might shed. Telefonica reported net debt of 49.8 billion euros in mid-year results.
Brazilian phone company TIM Participacoes SA is not up for sale, its chief executive told a local newspaper, denying reports that Telecom Italia SpA wants to sell its 67 percent stake.
A sale of Brazil's No. 2 wireless company is one option being considered by Telecom Italia's (Milan, Italy) new chief executive, Marco Patuano, a person familiar with the matter told Reuters last week. Patuano is under pressure from Telecom Italia's top shareholder, Spanish group Telefonica SA (Madrid, Spain), to cut debt through asset sales.
Leading US operator AT&T has thrown its considerable weight behind a new trade organization set up to foster the growth of M2M technology.
The operator has been unveiled as the newest member of the International M2M Council (IMC), which was formed earlier this year by a group of high-profile companies involved in the M2M industry.
M2M player Sierra Wireless has announced a $5.9 million takeover of AnyDATA’s embedded modules business as it looks to strengthen its grip on the cellular market and boost its position in South Korea.
The assets are to be integrated with the Sierra Wireless (Richmond, Canada) OEM Solutions product portfolio, with 16 sales and engineering staff from AnyDATA’s (Irvine, CA, USA) South Korean subsidiary transferring to Seoul premises recently opened by Sierra Wireless.
The companies expect the deal to close sometime this month.
Middle Eastern telecoms operator Zain Bahrain has signed a managed-services deal with Ericsson as it looks to free up resources for investment in higher-end services and offerings.
The four-year agreement will see the operator transfer responsibility to Ericsson (Stockholm, Sweden) for handling the day-to-day operations of its network.
Similar deals have been struck in other parts of the world as companies try to improve their operating efficiency and focus efforts on improving their service offerings.
Telecom firm bosses on Tuesday urged the European Commission to reconsider a major reform package which includes a price cap on cross-border phone calls and an end to roaming fees, and to allow more consolidation in the sector.
Their opposition throws up obstacles for the proposals championed by EU telecom chief Neelie Kroes which aim to spur companies to invest to help Europe catch up with the fast mobile and broadband networks in the United States and Asia.
AT&T Inc Chief Executive Randall Stephenson on Tuesday said that he sees a "huge opportunity for somebody" in Europe to invest in mobile broadband and reap the big profits already being generated from such services in the United States.
Stephenson, who has been exploring opportunities for AT&T (Dallas, TX, USA) to expand into Europe, said Europe has the potential to be "incredibly exciting" during his appearance at an industry conference held by ETNO, the European telecommunications lobby.
US cable company Time Warner Cable has agreed a $600 million takeover of DukeNet Communications, which operates a fiber-optic network across various Southeastern states.
DukeNet (Charlotte, NC, USA) is currently 50% owned by Duke Energy (Charlotte, NC, USA), the country’s largest electric power holding company, with the other 50% held by investment firm Alinda Capital (Greenwich, CT, USA).
The companies expect the transaction to close in the first quarter of 2014, subject to normal regulatory approvals.