Huawei and ZTE to be investigated by EU Trade Commission for anti-dumping and anti-subsidy violations.
Telecommunications
Etisalat Awaits Response on Maroc Bid
Etisalat has yet to receive a response from Vivendi on its Maroc Telecom bid, according to its CEO. Etisalat is still awaiting advice from Vivendi as to its submitted bid for its 53% shareholdings in Maroc Telecom.
Softbank to Issue Bonds to Pay for Sprint Bid
Softbank to issue second batch of bonds to fund Sprint bid. Softbank Corp, in its bid to takeover Sprint Nextel Corp, is now planning to sell off 400 billion yen or US$3.
Softbank Issues Waiver for Sprint
Softbank issues a waiver of some of the provisions of the merger agreement to allow Sprint to discuss and negotiate with Dish despite their standing agreement.
Finnish Mobile DNA to be Auctioned Off
Banking circles are aswirl with talk of the auction sale for DNA mobile of Finland. A group of bankers are putting together a fund worth just under Eur1 billion or US$1.
Latest News
Tata Sons pulls IPO of its telecommunications unit citing lack of sufficient demand. The promoter of Tata Teleservices (Maharashtra) Ltd, Tata Sons Ltd of India, had announced the cancellation of a share auction it had launched for the telecommunications firm.
Grupo Hevi, one of the largest cable television operators in Mexico, is exploring sale possibilities through the engagement of Barclays Plc.
Syniverse and Mach agrees to conditions set by EU regulators. Syniverse Technologies, the US telecoms services firm, is preparing for the receipt of the European Union antitrust regulatory approval for the Eur550 million or US$710.
Telus Corp buys Mobilicity for the hefty sum of Can$380 million or US$370 million. One of the largest wireless phone companies in Canada, Telus Corp, announced Thursday that it would purchasing Mobilicity for the cost of Can$380 million or US$370 million.
IT-Ernity receives financing support from GMT and VSS. GMT Communications Partners and Veronis Suhler Stevenson announced that they will be teaming up with the firm's management to grant growth finances to IT-Ernity.
Vodafone partners with Deutsche Telekom for expanded services for the German market. In a new development, Vodafone would now be able to offer over broadband pay-TV to its German subscribers with the new accord signed with Deutsche Telekom AG.
EE joint owners France Telecom and Deutsche Telekom to undertake IPOs of shares. In an announcement, Deutsche Telekom AG said it has valued its joint venture with France Telecom, EE, at GBP10 billion or US$15.
Royal KPN NV sells off shares for IPO. Dutch telecommunications giant Royal KPN NV has raised Eur2. 92 billion or US$3. 78 billion in share sale proceeds as investors bought 97.
OAO MegaFon issues dividend to shareholders. The second largest Russian mobile operator in terms of revenue, OAO MegaFon, has surpassed its larger competitor OAO Mobile Telesystems in terms of market value after it had pledged to pay out US$1.
