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.
(Reuters) - U.S. healthcare technology group Danaher Corp is combining its communications unit with NetScout Systems Inc, scaling up the business at a time when companies are spending aggressively on cybersecurity.
Danaher shareholders will get NetScout shares worth $2.6 billion, giving them majority stake in the company, while NetScout will have operational control.
Danaher's communications business sells cybersecurity products and tools to manage networks, while NetScout makes products that monitor software applications on networks.
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.
BEIJING (Reuters) - Cisco Systems Inc will establish an $80 million joint venture with Chinese hardware manufacturer TCL Corp to invest in commercial cloud computing services, TCL said in a stock exchange filing on Thursday.
Cisco will invest $16 million in the new firm, which has not been named and is still being registered, and hold a 20 percent stake, the filing said. TCL will pay $64 million for an 80 percent share. These investments will be made over three stages, each of which will require the approval of both parties. No timeframe for the investments was given.
FRANKFURT (Reuters) - Deutsche Telekom and China Mobile will sign a deal on Friday to create a platform for so-called connected cars in China, a Deutsche Telekom spokesman said on Thursday.
The two companies will form a joint venture in which the German telecoms group will bring its technology for machine-to-machine (M2M) communications, while China Mobile will provide the network.
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.
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.
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.
WASHINGTON (Reuters) - U.S. Federal Communications Commission chairman Tom Wheeler urged consumer advocates and wireless industry representatives last week to address how wireless carriers might be allowed to "reasonably manage" their Internet networks.
The issue is at the heart of a debate over whether the FCC should undo exemptions applied to mobile carriers as it rewrites Internet traffic regulations, after an appeals court rejected its 2010 rules in January.