Financial

TPSA sees Polish telco market tumbling further in 2013

Reuters

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.

Nokia Siemens to sell business support systems

Reuters

Mobile telecoms equipment joint venture Nokia Siemens Networks said on Wednesday it plans to sell its business support systems business to Redknee as part of a drive to sell non-core assets.

The companies said Redknee (Toronto, Canada) will pay 15 million euros ($19.63 million), plus a maximum of 25 million euros for "performance-based cash earn-outs."

Nokia Siemens (Helsinki, Finland) on Monday had announced an agreement to sell its optical fiber unit.

Verizon CEO says no to Dish spectrum buy, big deals

Reuters

Verizon Communications, majority owner of the biggest U.S. mobile service, is not interested in buying spectrum from Dish Network and does not plan to make any big acquisitions, its top executive said on Tuesday.

While investors have been speculating that Dish (Meridian, USA) Chairman Charlie Ergen could make a lot of money if he sells Dish's wireless spectrum holdings to big U.S. mobile operators, Verizon (New York, USA) Chief Executive Lowell McAdam told Reuters at an investor conference that his company would not be a buyer.

ZTE receives $20 billion funding boost from China Development Bank

China’s ZTE has received a substantial funding boost from the China Development Bank (CDB) in a deal the equipment maker claims will drive overseas investment and business development.

The agreement increases ZTE’s financing facility with the CDB to $20 billion from the $15 billion arranged in 2009 – itself an extension of the original facility of $8 billion set up in 2005.

Nokia Siemens to close German services unit: sources

Reuters

Nokia Siemens Networks' (NSN) German services unit faces closure and 1,000 jobs are at risk as Nokia and Siemens shake up the joint venture, two sources said.

One of the people familiar with the situation said the closure would be effective by the end of 2013 and will be announced on Wednesday during a meeting at which workers will be told a crucial contract with Deutsche Telekom (Bonn, Germany) will not be extended.

France Telecom interested in Vivendi's Moroccan unit: report

France Telecom’s chief executive has said an acquisition of Vivendi’s stake in Maroc Telecom would have “strategic interest” in an interview with France’s Le Figaro newspaper.

Stephane Richards said valuing the Moroccan business was out of the question, but that an acquisition could make sense for the French telecoms incumbent.

He acknowledged, however, that France Telecom (Paris, France) would struggle to fund a purchase given its current high level of debt and depressed share price.

CWC sells Monaco & Islands division to Batelco for $680 million

Cable & Wireless Communications (CWC) is to sell most of its Monaco & Islands division businesses to Bahrain’s Batelco for the cash fee of $680 million as it looks to reduce debt and focus on operations in Central America and the Caribbean.

The UK-headquartered operator will sell all its shareholdings in the Maldives, Channel Islands and Isle of Man, the Seychelles, South Atlantic and Diego Garcia, as well as a 25% stake in Compagnie Monegasque de Communication (CMC), which owns 55% of Monaco Telecom.

Nokia Siemens to sell optical networks unit

Reuters

Mobile telecoms equipment maker Nokia Siemens Networks (NSN) said on Monday it is to sell its optical fiber networks unit to Marlin Equity Partners.

NSN (Helsinki, Finland) didn't give any financial details for the sale but said it would be completed in the first quarter of next year.

As a result of the deal as many as 1,900 employees, mainly in Germany and Portugal, will be transferred to the new company, NSN said in a statement.

Saban buys control of Israel's Partner Communications

Reuters

U.S.-Israeli media magnate Haim Saban agreed to buy a controlling stake in Israel's second largest telecoms operator, Partner Communications
, to expand into the market for bundled phone, internet and television services.

Saban Capital (Los Angeles, USA) will pay Israeli holding company Scailex Corp (Tel Aviv, Israel) 250 million shekels ($65 million) in cash, and take on a $300 million loan that Scailex owes to Hong Kong conglomerate Hutchison Whampoa <0013.HK> (Hong Kong), Scailex said in a statement to the Tel Aviv Stock Exchange.

Vodafone speeds up CWW integration

UK-based Vodafone is to create a new Group Enterprise unit aimed at speeding up the integration of Cable & Wireless Worldwide, the fixed-line communications business it bought for about £1 billion ($622 million) in July.

Vodafone (Newbury, UK) says it needs to integrate the business faster than it originally planned because of customer demand for combined products and services.

Syndicate content

Featured Reports

Understanding and Capitalizing Upon Telecom APIs for Communications Enabled Applications
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.

 

Market Opportunity: Big Data in the Internet of Things
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.

 

Concise, Practical Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

Featured Events & Partners

GEN 15
Nov. 16-19, 2015

Omni Hotel, Dallas, Texas

The global gathering of networking professionals enabling the future of agile, assured and orchestrated services powered by CE 2.0, LSO (Lifecycle Service Orchestration), SDN and NFV.

Visit event website...
 

 

Business Wire