NEC Corp. says it is planning to sell its its troubled mobile phone unit to personal computer venture partner Lenovo Group Ltd.as it continues to faces challenge from larger firms Samsung Electronics Co. Ltd. and Apple Inc.
Telecommunications
MetroPCS Communications Hopes for Support from Shareholders
MetroPCS is urging its shareholders to approve its merger with Deutsche Telekom AG's unit T-Mobile USA Inc. amid criticisms.
MetroPCS Calls on Shareholders to Approve Deal
In a letter, MetroPCS urged shareholders to approve the merger with T-Mobile USA. MetroPCS Communications Inc is calling all its shareholders to vote for the approval of its proposed merger with T-Mobile USA Inc.
Telmex to Face Class Action Suit Instituted by Government Regulator
Telmex would be facing a class action suit for unwarranted charges filed by the government for an on behalf of its subscribers.
MetroPCS-T-Mobile Merger Draws More Opposition
The proposed merger of MetroPCS Communications and T-Mobile owned by Deutsche Telekom AG appears to have more critics and oppositions in a bid to force Deutsche to offer sweet deal.
Latest News
Glass Lewis follows ISS recommendation that MetroPCS Shareholders should vote against merger with Deutche Telekom AG's U.S. business unit T-Mobile USA.
Russia's A1, billionaire Mikhail Fridman's investment group, wants to file case against the planned merger of Tele2's Russian unit and state-run bank VTB, saying that it has the right to purchase Tele2 unit.
ISS has advised its shareholders to reject the proposed merger as it is biased against T-Mobile allowing more options for MetroPCS in the long run.
MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.
Sprint's offer of US$80 million per month would again be utilized by Clearwire. According to anonymous sources, Clearwire Corp is planning to notify Sprint Nextel Corp that it will be utilizing another US$80 million in financing as part of its deal agreed upon with Sprint.
Banker VTB has successfully acquired the Russian operations of Swedish telecoms operator Tele2 as it hopes for potential investors.
Liberty Global reaches deal with Barclays to purchase 12.7% stake in the latter's Ziggo. Liberty Gobal Inc. has acquired a stake worth 12. 7% in Dutch cable television operator Ziggo NV from Barclays Plc following the British bank's failure to seek buyers in a share sale last week.
Mikhail Fridman goes head to head for VTB for Tele2. Russian billionaire tycoon Mikhail Fridman is ready to outbid VTB banks offer to purchase Tele2's Russian subsidiary.
VTB Group Bank recently purchased the Russian subsidiary of Tele2. Tele2, the Nordic telecommunications company recently announced that it would be selling its Russian subsidiary to VTB Group bank.
