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.
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 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.
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 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’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.
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.