LONDON/MADRID (Reuters) - The battle to become the mobile partner of BT intensified on Thursday as the chairman of O2's Spanish owner, Telefonica, flew to London and rival suitor EE's owners indicated they were willing to offer more attractive terms to seal a deal.
BT has been in talks with Telefonica and EE's owners, Orange and Deutsche Telekom for nearly a month about a deal to buy one of the mobile operators, putting the British telecom firm in an unusually strong position to negotiate a deal.
PARIS (Reuters) - Orange Chief Executive Stephane Richard said on Thursday he expected BT Group to decide before Christmas on whether to bid for the UK's largest mobile network operator, EE, or its smaller rival, Telefonica's 02.
"BT has its own calendar," Richard said, speaking at a conference on France's economy and business climate. "You should know more a few days before Christmas."
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DUBAI (Reuters) - Saudi Arabia’s second-biggest telecom operator Mobily said on Tuesday it was seeking arbitration to obtain 2.2 billion riyals ($586.28 million) owed it by Zain Saudi, a claim its smaller rival subsequently said was unfounded.
A dispute has arisen between the two companies over the application of a 2008 contract under which Mobily would provide services including domestic roaming and site sharing to Zain Saudi, which began commercial operations that year.
TORONTO (Reuters) - Wind Mobile, a small wireless company that claims fourth spot in an industry dominated by three major players, said on Tuesday that it now reaches 97 percent of Canada's population after adding an unnamed domestic roaming partner.
Wind said the addition would most noticeably increase its coverage in British Columbia, suggesting Vancouver-based Telus Corp as a likely partner.
SEOUL (Reuters) - Samsung Electronics Co Ltd agreed to sell its fibre optics operations to U.S. specialty glass maker Corning Inc, exiting another non-core business to focus on shoring up underperforming key areas like smartphones.
Terms of the sale, including plants in China and South Korea, weren't disclosed. Announced by both parties on Tuesday, the South Korean firm's second exit from a business line this quarter comes as it braces for its lowest annual profit in three years, squeezed by stiff competition.
PARIS/SAO PAULO (Reuters) - Telecoms group Altice SA has agreed to buy the Portuguese operations of Brazil's Grupo Oi for about 7.4 billion euros ($9.2 billion), in what will be its third large acquisition this year.
Franco-Israeli billionaire entrepreneur Patrick Drahi, who founded Altice, has been on an expansion drive with deals worth some $30 billion this year alone, and is on track to add Portugal to his portfolio of cable and mobile companies in France, Israel, and the Dominican Republic.
BERLIN (Reuters) - Germany has approved Canadian smartphone maker Blackberry's planned acquisition of Secusmart, the encryption technology of which is used to protect the mobile devices of top politicians including Chancellor Angela Merkel.
The deal is part of new Chief Executive John Chen's effort to enhance Blackberry's appeal for security conscious clients such as government agencies as it seeks to regain ground lost to Apple's iPhone and rival devices powered by Google's Android operating system.
A federal appeals court rejected Motorola Mobility LLC's bid to sue several Asian suppliers under U.S. antitrust law for fixing prices of mobile phone displays sold to its foreign units.
Wednesday's decision by the 7th U.S. Circuit Court of Appeals in Chicago may lessen protections against inflated prices for U.S. consumers who buy cellphones, computers and other products whose components are made outside the country.