The European expansion plans of billionaire Carlos Slim was put on hold after failing to persuade the management of KPN to accept his takeover proposal.
Telecommunications
Nokia's cash deal paves way for Alcatel-Lucent buyout- report
A Bloomberg report revealed that Microsoft's acquisition of Nokia Oyj's handset business allowed the latter to purchase the wireless network equipment business of Alcatel-Lucent.
AT&T and Crown Castle Int'l forge agreement on towers and cell sites
For the price of USD4.85 billion, AT&T sells off and leases telecommunications assets to Crown Castle Int'l.
EZChip to benefit from Verizon capital spending
The prospects of EZChip of Israel improved as Verizon announced its latest LTE programs. The second largest chipmaker in Israel, EZchip Semiconductor Ltd, jumped to its one month high on prospects that the company would benefit from the projected capital spending of Verizon Communications Inc.
BBC revamps Worldwide offerings Earth and First, will introduce new one in coming months
BBC Wordlwide would reintroduce its BBC Earth and BBC First offerings starting 2014. Today, The British Broadcasting Corporation (BBC) Worldwide had disclosed its plans to relaunch some of its existing offerings.
Latest News
Egyptian telecoms magnate Naguib Sawirirs said that the unclear telecommunications policy in Canada would jeopardize foreign investment.
The staff of Royal Mail Group Ltd. had voted to go on strike after less than a week the company had launched its IPO, claiming the public debut would put jobs at risk in the company.
Dutch cable company Ziggo had rejected the preliminary takeover offer from Liberty Global Plc saying that the bid was inadequate, reported Bloomberg.
PPF Group, a Czech investment group, had discussed with Telefonica regarding a possible acquisition deal for the Spanish telecoms' unit in Czech Republic.
Vivendi, a French mass media company, said it would acquire USD2.7 billion of its U.S. dollar-denominated debt after it received payment for its stake sale in Activision Blizzard.
According to a magazine report, Liberty Global had been planning a complete takeover of Dutch cable company Ziggo.
Lawyers asked T-Mobile to remove its television commercial which was a parody about smartphone theft, saying it belittled the issue.
Petr Kellner is seeking to purchase the Czech republic's unit of Telefonica SA. Telefonica SA is hard pressed to extract a higher premium for its Czech unit.
A number of prominent institutional investors and proxy advisory firms have supported a resolution calling for a split of CEO-Chairman duties at 21st Century Fox.
