BERLIN (Reuters) - China and the European Union aim to end a long-running telecoms row this week, the EU's trade chief said on Friday, potentially easing tensions between two of the world's top trading powers.
Reuters reported exclusively last week that Europe was close to a deal with Beijing on defusing the issue of what Brussels says are illegal subsidies to Chinese makers of equipment for mobile telecom networks.
PARIS (Reuters) - Relieved investors sent shares in French low-cost telecom operator Iliad up 11 percent on Tuesday after it abandoned an effort to buy the fourth-largest U.S. carrier T-Mobile.
Backed by billionaire founder Xavier Niel, Iliad made an initial bid worth $15 billion and then raised it further, but was rebuffed by T-Mobile US' parent company, Deutsche Telekom. Sources told Reuters Deutsche Telekom was unconvinced by the price and by Niel's ability to run the business better than its own managers could.
MEXICO CITY (Reuters) - Mexico's government on Thursday kick-started a project to launch a state-owned mobile network by 2018, part of a wider effort to support competitors to billionaire Carlos Slim's dominant America Movil.
Mexico's telecoms regulator and the telecommunications and transport ministry (SCT) agreed on terms and conditions for the development of the network in a first step toward launching it, according to a statement from the regulator.
ITSF 2014 “Time for the Future” will be a key knowledge transfer and networking session as the industry builds the new networks necessary to address the phenomenal bandwidth demands of the Tablet and Smartphone user community that will emerge in 2015 and 2016.
WASHINGTON (Reuters) - AT&T Inc will pay $105 million to settle allegations that it put unauthorized charges on customers' cell phone bills, a practice known as cramming, federal regulators said on Wednesday.
The settlement comes after years of complaints from cell phone owners about being charged for services like daily horoscopes or trivia that they never requested. It was negotiated by the Federal Trade Commission, the Federal Communications Commission and all state attorneys general.
Rolling out new, more compelling services quickly and with guaranteed quality is critical for carriers facing mounting threats from over-the-top (OTT) providers. The prospect of lowering total cost of ownership (TCO) while doing so is driving many to adopt strategies for virtualizing the underlying network.
PARIS/MADRID (Reuters) - Orange has offered buy Spanish telecoms operator Jazztel for around 3.4 billion euros (4.40 billion US dollar), a deal that could help the French company jump ahead of rival Vodafone in the country's mobile market.
Orange's offer for Jazztel is at 13 euros per share in cash, valuing it at 3.4 billion euros. The French company will pay for the acquisition with hybrid bonds and a capital increase of up to 2 billion euros.
Jazztel Chairman Leopoldo Fernandez Pujals has agreed to sell his 14.5 percent stake.
NEW YORK (Reuters) - AT&T Inc is "intrigued" by Latin America and especially Mexico and would not rule out an opportunistic deal there even as it seeks to complete its $48.5 billion planned takeover of DirecTV, an AT&T executive said at a conference on Tuesday.
AT&T is one of several potential buyers Carlos Slim's America Movil has contacted as it tries to sell a chunk of assets, according to a source familiar with the situation.
WASHINGTON (Reuters) - Verizon Communications Inc is open to divesting its network's assets including its cell towers, the company's chief financial officer said on Wednesday.
Verizon, which in February completed a $130 billion deal to buy Vodafone's stake in Verizon Wireless and get full ownership over the company, has previously announced plans to trim some aspects of its portfolio.
WASHINGTON (Reuters) - T-Mobile US added 2.75 million customers in August, the largest number of monthly subscriber additions in its history, the carrier announced at a company event on Wednesday.
Led by quirky Chief Executive John Legere, the third-largest wireless operator in the U.S. has turned around years of subscriber losses through aggressive promotions in the past year and a half.