Sprint Nextel Corp, the majority owner of Clearwire Corp, has offered $2.1 billion to buy the rest of the wireless service provider but it will likely have to offer more money in order to secure a deal.
Clearwire (Bellevue, USA), which said it is reviewing the offer, saw its share jump more than 11 percent to $3.06 after the offer, topping Sprint's $2.90 offer price and suggesting that shareholders were hoping for a higher bid.
Network equipment maker Ciena Corp said its operating performance would improve in 2013 as telecom carriers boost spending to upgrade their networks after months of sluggish growth, sending its shares up as much as 5.5 percent.
Telecom carriers are rolling out their 4G LTE networks and are looking at optical equipment providers like Ciena who provide a key component to manage costs and modernize networks.
Sprint is in talks with Clearwire to acquire the 49% of the ailing mobile broadband operator it does not already own, according to CNBC.
Citing sources close to the matter, CNBC reports that the two companies are involved in “active negotiations” and could strike an agreement before the end of the year.
TeliaSonera says it has raised $525 million from the initial public offering (IPO) of Kazakh operator Kcell in the UK and Kazakhstan.
The Swedish telecoms incumbent offered up 25% of Kcell’s share capital and will hold a stake of 61.9% in the operator following the IPO.
Shares were priced at $10.50 for each global depository receipt – at the low end of the $10.50–13 range previously announced – valuing the business at $2.1 billion.
Federal regulators on Tuesday gave satellite TV provider Dish Network Corp the go-ahead to use wireless spectrum and also approved a framework for a spectrum auction next year.
The Federal Communications Commission voted to allow Dish (Meridian, USA) to convert satellite spectrum for wireless use but would impose restrictions that the company opposes. Dish is the No. 2 satellite U.S. television provider after DirecTV (El Segundo, USA).
Cable maker Belden Inc said it bought privately held PPC, which makes connectors used in broadband and wireless services, for $515.7 million to strengthen its position in the broadcast industry.
Belden (St Louis, USA), which makes networking products for the broadcast and consumer electronics industries, has been buying connector companies that complement its cable offerings in these markets as it moves away from selling stand-alone cables.
Telecom Italia has said it will only spin off its networks business if there is some kind of regulatory incentive, according to a report in Il Messaggero.
In an interview with the Italian newspaper, Telecom Italia (Rome, Italy) chairman Franco Bernabe said there would have to be advantages for the new company and the slimmed-down Telecom Italia.
His comments follow the decision last week by Telecom Italia’s board to look into the possibility of hiving off the operator’s networks division.
Chinese equipment maker Huawei continues to make inroads into territory previously held by its western rivals, having just signed an important managed-services deal with 3UK, the small UK operator owned by Hutchison Whampoa (Hong Kong).
The arrangement will see Huawei (Shenzhen, China) handling service management and operations for 3UK’s core network, transport network and ICT applications.
It has chosen India’s Tech Mahindra (Pune, India) as a partner for the work on ICT applications.
Deutsche Telekom hopes major investments in Germany and the United States and a long-awaited iPhone deal will turn around its fortunes, compensating for the dividend cut it plans to pay for them.
The company said it would increase investments by more than an annual 1 billion euros ($1.3 billion) to 9.5 billion euros in 2015 from an estimated 8.3 billion euros this year, rolling out faster broadband and next generation 4G networks, as it cut its dividend by almost 30 percent.
France Telecom's Polish unit TPSA expects its home telecoms market, which it dominates, to shrink by over seven percent next year because of economic woes and further regulatory cuts in mobile charges, its top executive said.
TPSA (Warsaw, Poland), the former state monopolist, already slashed its 2012 outlook and future dividend payout last month due to economic factors and aggressive competitors, dragging its shares to levels unseen in nine years.