Swisscom weighs $6.3 billion Fastweb sale as Vodafone lurks

Fastweb could be worth between 4B and 5B euros based on 2013 EBITDA

Reuters

LONDON (Reuters) - Telecom operator Swisscom is considering a possible sale of its Italian broadband firm Fastweb, which is worth up to 5 billion euros ($6.3 billion) and has been a target for Vodafone, sources familiar with the situation said.

The Swiss majority state-owned firm, which has already rebuffed several takeover approaches from Vodafone for Fastweb, is now working with UBS, Vodafone's long-term adviser, to facilitate a deal, said the sources who could not be named because the matter is private.

Virtualization Gets Real: Maximizing Performance in Mobile Networks

'How much, how soon' depends on how well the industry rises to new challenges

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.

Goldman leads investment by Wall Street in new communications platform

Factored in a range of compliance and best-practices needs for large financial services firms

Reuters

NEW YORK (Reuters) - After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.

    On Wednesday, Goldman and 13 partners plan to announce a $66 million investment in a new company called Symphony Communication Services Holdings LLC, according to a draft press release viewed by Reuters. The partners are all financial services firms, including major global banks and asset managers.

Microsoft calls on U.S. FCC to approve AT&T's bid for DirecTV

AT&T has to convince the FCC that the merger is in the public interest

Reuters

WASHINGTON (Reuters) - Microsoft Corp urged the Federal Communications Commission to approve AT&T's Inc $48.5 billion bid for DirecTV, saying in a filing that the acquisition is crucial to expanding Americans' access to the internet.

The letter, which was dated Sept. 16 and released publicly on Thursday, comes as the FCC conducts a formal review of the merger. The commission is expected to reply to public comments on Oct. 16.

If the merger is approved, AT&T promises to expand its footprint to include an additional 13 million rural customers.

Ericsson to shut modem business, expects savings

Europe's semiconductor firms are struggling to compete with bigger U.S. and Asian rivals

Reuters

STOCKHOLM (Reuters) - Ericsson, the world's top mobile network equipment market, will stop developing modems, it said on Thursday, shutting a loss-making unit it took on after joint venture partner STMicroelectronics pulled out a year ago.

Europe's semiconductor firms are struggling to compete with bigger U.S. and Asian rivals, which have largely outsourced chip manufacturing to cope with volatility in demand and prices.

"Since integration, the modems market has developed in a direction that has reduced the addressable market for thin modems," Ericsson said in a statement.

Telecom mergers rein in growth for U.S. network gear makers

Ciena Corp and Finisar Corp last week joined their peers in forecasting a weak current quarter

Reuters

(Reuters) - U.S. network gear makers are bracing for slower revenue growth in the second half of the year as telecom operators, their main customers, postpone spending until the dust settles on several big mergers.

Telecom giants AT&T Inc and Sprint Corp are taking time to decide whether to upgrade existing wired networks or roll out 4G networks, forcing gear makers to cut expectations for what is usually the stronger half of their year.

Backhaul, M2M, and IoT at CTIA’s Super Mobility Week

See Core Technologies on Exhibit & Hear Business Applications Discussed by Experts

TelecomEngine

The Mobile Backhaul Pavilion features exhibits from innovative infrastructure and core access vendors, including AOptix, Clearfield, and Vitesse Semiconductor.

To put the backhaul challenge in context, consider data from Cisco's Visual Networking Index, which forecasts that nearly five billion users and as many as 10 billion additional IoT and Machine-to-Machine (M2M) devices may be connected by 2018.

Finance & Investment Asia Forum 2014

Date
Start Date: 
Thursday, November 6, 2014
End Date: 
Thursday, November 6, 2014

Hong Kong:

Discover the value of Asia’s datacenter and Cloud assets this November

Reaching its 4th year in the region, Asia’s annual professional networking and market forum for investors in datacenter, Cloud, fiber and tech returns to Hong Kong.

FIF 14 is the only live event in Asia focused on bringing together hundreds of investors, financiers, bankers, private equity and hedge funds to meet high-growth, smart datacenter, Cloud, fiber and tech companies, service providers and enterprise users in one annual event to explore investment opportunities, assess business models and discuss the future of these highly dynamic segments of the ICT sector.

United Internet to buy KKR's stake in Versatel for $769 mln

German ISP was expected to post flat 2014 revenues of about 548 million euros

Reuters

FRANKFURT (Reuters) - German internet service provider United Internet said on Wednesday it had agreed to acquire buyout group KKR's 74.9 percent stake in cable group Versatel for about 586 million euros ($769 million) in cash.

United Internet, which already controls 25.1 percent of Versatel, had said last month it was considering a complete takeover of the company, which owns Germany's second-largest fiber optic cable network with a length of about 37,000 kilometers.

Telecom Italia in a bind after losing GVT bid battle

Seven bankers and investors tell Reuters the telco lacks a clear direction

Reuters

PARIS/LONDON/MILAN (Reuters) - Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry.

Winning the auction for French media company Vivendi's GVT was vital for both Telecom Italia and its rival, Spain's Telefonica, as their European markets have been shrinking. Italy was gripped by a mobile price war for much of last year, revenue is falling and competition remains tough.

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