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.
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.
U.S.-Israeli media magnate Haim Saban agreed to buy a controlling stake in Israel's second largest telecoms operator, Partner Communications
Saban Capital (Los Angeles, USA) will pay Israeli holding company Scailex Corp
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.