Deutsche Telekom was cleared of any wrongdoing in lawsuit filed by Kabel Deutschland. Deutsche Telekom emerged victorious when a Frankfurt court dismissed an overcharging case filed against the telecommunications company.
Telecommunications
Vodafone tests M&A history with second deal
Vodafone Group planned a stake sell from its holdings in Verizon Wireless valued more than USD100 billion.
Vodafone says 'no certainty' to Verizon buyback agreement
Vodafone Group released a statement saying that there is “no certainty that an agreement will be reached.”
Vivendi wants to close sale of Maroc Telecom unit this year
Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year. French multinational mass media and telecommunications company Vivendi said that it is still aiming for the sale of Maroc Telecom by the end of 2012.
Verizon to buy out Vodafone for USD130 billion
Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.
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The US Federal Communications Commission said it is working with CBS and Time Warner to bring an end to the blackout that affected their consumers.
Telecom Italia announced the appointment of Mario Di Loreto who previously worked at Barilla Holding SpA's.
Resilience Capital Partners acquired CableNet Services Unlimited through its newly-formed company CableNet Communications.
Mongolia would be replacing its 2012 law that puts limits on foreign ownership with a new measure that is more investor-friendly.
Indian telecommunications firm Reliance Communications said that it had been talking with partners for a stake sale of one of its units.
Telekom Austria plans to raise EUR500 million to buy new frequencies and acquire companies. With the objective of purchasing new frequencies in a September auction and acquiring companies, Telekom Austria has planned to raise EUR500 million in fresh capital, the Der Standard reported.
U.S. judge approves USD20 million Facebook settlement on lawsuit over targeted ads. A U. S. judge granted final approval on Monday to Facebook's USD20 million settlement despite objections from plaintiff's that the lawsuit failed to cover children's privacy.
America Movil had announced today its support for the purchase of E-Plus, Telefonica's German unit.
Carlos Slim gives support to Telefonica's buyout of Royal KPN NV. In a surprise move, Carlos Slim's America Movil SAB gave its 'irrevocable commitment' to vote in favor of KPN's E-Plus unit's sale to Telefonica Deutschland Holding AG.
