TOKYO (Reuters) - Japan's SoftBank Corp will soon downsize its Silicon Valley offices, people with knowledge of the matter said, signaling the company won't revive efforts to buy T-Mobile U.S. Inc.
SoftBank subsidiary Sprint Corp dropped its bid to acquire the No. 4 U.S. carrier in August but the companies did not rule out future consolidation.
HANOI/YANGON (Reuters) - Vietnam's Viettel Global and Myanmar's state-backed Yatanarpon Teleport are awaiting approval for an investment of at least $800 million to build Yatanarpon's telecoms infrastructure in Myanmar, officials from both companies said on Friday.
Myanmar - where communications were tightly controlled by the former military junta - is one of the world's last telecoms frontiers, with just a small minority of the 53 million population having a mobile phone.
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.
OSLO (Reuters) - Norwegian telecoms company Telenor and Sweden's TeliaSonera have agreed to combine their Danish mobile businesses to boost margins in their toughest market.
The plan to put their Danish operations into a 50-50 joint venture, which aims to save 800 million Danish crowns ($133 million) a year by 2019, lifted the share price of both companies and their main rival on investor hopes of an end to cut-throat price competition.
MILAN (Reuters) - The Italian arm of mobile phone group Vodafone believes that so-called other licensed operators (OLO) should be allowed to take a stake in Metroweb if infrastructure fund F2i sells its controlling holding in the Italian fiber optic network firm, Vodafone said in a letter to Italy's competition watchdog AGCM.
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."
LONDON (Reuters) - TDC, Denmark's biggest telecoms network operator, is weighing a bid for Swedish cable firm Com Hem, as it seeks to expand across the Nordic region, sources familiar with the situation told Reuters.
TDC is sounding out banks to fund a deal that could value the cable operator at more than 11.7 billion Swedish crowns ($1.56 billion) based on its current market price, the sources said.
LONDON (Reuters) - IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer services giant said in an interview.
Late on Tuesday, IBM announced the third in a string of billion dollar plus contracts, saying it had won a seven-year, $1.25 billion deal with WPP, the world's top advertising firm, to run WPP operations in the cloud.
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.
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.