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Europe's second highest court upheld a decision on Wednesday by European Union regulators clearing Microsoft's $8.5 billion takeover of Skype in 2011, rejecting a challenge by the world's top network equipment maker Cisco Systems Inc.
At a hearing in May, Cisco (San Jose, CA, USA) argued that Microsoft's (Seattle, WA, USA) acquisition of the Internet video and voice messaging company created a monopoly and that the European Commission was wrong to approve the deal without demanding concessions from Microsoft.
The board of Telecom Italia is not considering any plan to break up the company's Brazilian wireless unit TIM Participacoes, CEO Marco Patuano said on Tuesday.
"The board is not studying any break-up of TIM Brasil (Rio de Janeiro). I will never grow tired of repeating that it is for us a strategic company," he said on the sidelines of an event.
A government source in Brazil said on Monday the country's antitrust watchdog had not ruled out a possible break-up of TIM Brasil into units to be bought by local rivals.
Set to launch a ‘gigabit’ fiber-based service in Austin, Texas this week, US telecoms giant AT&T is reportedly considering plans to extend the deployment of super-fast broadband services to other cities in the country.
According to a report from the UK’s Financial Times newspaper, Randall Stephenson, the operator’s chief executive, told attendees at an investor conference in New York that he saw “lots of other opportunities around the country … for Austin-type projects”.
The court-appointed monitor for struggling Canadian wireless startup Mobilicity has extended the deadline for suitors to bid for the company by a week to December 16, a regulatory filing shows.
Bidders for the Toronto-based startup, which filed for court protection from its creditors earlier this year, now have until noon next Monday to submit their offers in the court-supervised auction, according to a document posted on the website of monitor Ernst & Young Inc.
Ernst & Young said it extended the deadline following requests from several bidders.
The fight over defunct Nortel Networks' $7.5 billion in cash will be decided in joint U.S.-Canadian court hearings and not in arbitration, a U.S. appeals court ruled on Friday.
The U.S. Court of Appeals for the Third Circuit in Philadelphia upheld a bankruptcy court ruling in March that there was never an agreement to use arbitration to divide the pile of cash among various Nortel (Mississauga, Canada) estates around the world.
Deutsche Telekom is planning to cut up to 6,000 jobs at its T-Systems IT division, according to a report from German newspaper Handelsblatt.
The layoffs would reduce the size of the T-Systems workforce in Germany by more than a fifth from its current level of 29,000 employees, and is said to be aimed at streamlining operations to make the IT business more competitive.
Deutsche Telekom (Bonn, Germany) has confirmed that it is planning restructuring measures to the Wall Street Journal but refused to comment on speculation about the number of jobs that will be affected.
France's upstart mobile player Iliad is seeking talks with larger rivals Vivendi's SFR and Bouygues Telecom over joining the duo's network sharing plan, according to a letter published online by Les Echos newspaper.
The letter attributed to Iliad (Paris, France) Chief Executive Maxime Lombardini underscores how the planned network sharing between France's second- and third-largest operators, which aims to cut costs in response to Iliad's low-cost service, could reshape competition in Europe's fourth-biggest mobile market by clients.
Canada's Competition Bureau said on Friday it would allow Canadian telecom company Telus Corp (Burnaby, Canada) to buy all of struggling startup Public Mobile (Toronto, Canada).
Industry Minister James Moore had approved the sale last month, saying it would not hurt consumers. The Conservative government is eager to boost competition in the wireless sector.
France’s Orange has announced a $1.4 billion sale of its business in the Dominican Republic to private-equity player Altice.
Earlier this week, the two companies were reported by the UK’s Financial Times newspaper to be holding talks about a sale of Orange Dominicana, with Stephane Richard, Orange’s (Paris, France) chief executive, promising to provide an update to investors within days.