New Zealand operator Chorus has lashed out at regulatory moves to slash wholesale prices for access to its copper broadband services, arguing it will put the “once in a generation” transition to fiber at risk.
Meeting with New Zealand’s Commerce Commission, as well as representatives of the country’s retail operators, Mark Ratcliffe the chief executive of Chorus (Wellington, New Zealand), said the regulatory proposals had led to a “dramatic flight of international capital out of Chorus and New Zealand”.
Vodafone Group Plc has made an informal takeover bid within the past week for Germany's biggest cable company, Kabel Deutschland Holding AG, Bloomberg reported, citing people with knowledge of the matter.
Takeover talks have not formally begun because Kabel Deutschland (Unterfoehring, Germany) believes the price Vodafone (Newbury, UK) suggested was too low, Bloomberg said, citing people who were not authorized to speak publicly on the matter.
Japanese mobile operator SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion, as it fights off a counter bid by Dish Network Corp.
SoftBank's amended offer, Japan's biggest outbound deal, won the backing of hedge fund Paulson & Co, Sprint's second-biggest shareholder, which had earlier supported the Dish bid. Paulson said it would vote all its shares in favor of SoftBank's improved offer.
Telus Corp, Canada's second-largest wireless company by subscribers, ended its plan to buy struggling startup Mobilicity after the government blocked the deal in an effort to boost competition in the sector.
Last week, Canada rejected the transfer of Mobilicity's wireless spectrum licenses to Telus (Burnaby, Canada), effectively blocking its takeover of the startup as the government tries to hold back the industry's bigger companies from swallowing smaller rivals.
AT&T has sought to allay concerns about its ability to compete in the US mobile market by saying it expects to add another half a million contract customers during the three months ending in June 2013.
The operator is not due to publish second-quarter results until July 23 but claims its broadband, TV and mobile divisions are all thriving in terms of subscriber adoption.
The operator says that a number of promotions in the mobile phone market have paid off, “driving strong sales, higher gross adds and smartphone upgrade rates similar to the first quarter”.
SoftBank has reportedly begun discussions with Deutsche Telekom about a takeover of T-Mobile US should it fail in its attempts to buy rival network operator Sprint.
The Japanese operator is pursuing a deal to buy a 70% stake in Sprint (Overland Park, KS, USA) for $20.1 billion, but faces competition from satellite TV provider Dish Network (Meridian, CO, USA), which has offered $25.5 billion for Sprint.
India’s Ambani brothers have signed a $2 billion deal to share network infrastructure, aimed at speeding up the rollout of 4G services.
Under the arrangement, Reliance Jio Infocomm (Mumbai, India) – owned by Mukesh Ambani – will lease up to 45,000 sites owned by Reliance Communications (Mumbai, India), the mobile operator controlled by Anil Ambani.
In a joint statement on the tie-up, the two operators said it would allow them to derive major benefits from the sharing of capital and operating costs.
Network equipment maker Ciena Corp said it expects strong growth in cloud computing and higher use of smartphones, and forecast stronger-than-expected revenue for the current quarter.
Ciena (Hanover, MD, USA) shares jumped as much as 15.5 percent on the Nasdaq on Thursday morning. Shares of rival Finisar Corp (Sunnyvale, CA, USA) were up 5 percent while those of Juniper Networks Inc (Sunnyvale, CA, USA) were up about 1 percent.
The battle for ownership of Clearwire between Dish Network and Sprint has intensified after the satellite TV company hit back at accusations that its offer runs afoul of Delaware law and Clearwire’s equityholders’ agreement.
Last December, Sprint (Overland Park, KS, USA), Clearwire’s majority owner, made an offer of $2.97 a share for the remaining shares in the operator, to which Clearwire’s managers gave their assent.
Shares in Brazil’s Oi have risen sharply following the appointment of Zeinal Bava as the company’s new chief executive on Tuesday.
At the close of business on the same day, Oi’s share price was up by 17% on the Sao Paolo exchange, representing the operator’s biggest increase since October 2008, according to Bloomberg.