Vodafone is said to have planned taking over Germany's Kabel after the takeover bid went public.
Telecommunications
Kuwait's Zain to Sell Iraqi Unit Stake in IPO
Zain, a telecom firm in Kuwait, is in the process of selling its stake in its Iraqi unit. Kuwaiti telecom operator Zain is set to sell its stake in its business unit in Iraq through initial public offering as part of its $1.
Vodafone Contemplating German Purchase
Vodafone pre-empted on bid to purchase Kabel Deutschland. Vodafone Group Plc is still considering a takeover bid of Kabel Deutschland, Germany's biggest cable operator.
UPDATE: Clearwire Gets Sprint Money Yet Continues Talks with Dish
Clearwire gets money from Sprint yet still allows bid from Dish. Clearwire Corp announced it would draw on the debt money provided by Sprint Nextel Corp.
Vivendi to Delay GVT Sale Auction
Vivendi is said to put the sale of its Brazilian broadband internet company GVT on hold as it faces lower bids than the asking price.
Latest News
Telecom Italia Media is expected to sell its La7 TV channel but is still in talks to sign the deal. Telecom Italia Media said that it has plans of selling its La7 TV channel to the publishing house in Cairo, Egypt and is still in negotiation of signing the deal, according to two people familiar with the issue.
Clearwire is in bed with two financial suitors, namely Sprint Nextel and Dish Network. In a report by the Wall Street Journal, Clearwire Corp is planning to seek financing assistance from Sprint Nextel.
BT purchases ESPN UK and Ireland with ESPN America coverage. BT, in a bid to pry open the hold of BSkyB over the pay-TV sports market in Europe, has agreed to purchase ESPN's UK and Ireland television business.
AT&T expands into Europe with wireless technology applications. The largest US phone company, AT&T would be expanding to Europe through licensing of its mobile home watchdog products.
The U.S. wireless service provider has reported a decline by 65% in its quarter net profit as it tries to close its merger deal with T-Mobile USA.
Vodafone claims ability to expand in Europe under current circumstances. Vodafone in an announcement said that it need not sell its stake in its venture with Verizon Wireless in order to be competitive in Europe.
Vivendi's sale of GVT postponed due to lukewarm price offers. Vivendi is postponing the sale of GVT, its Brazilian telecommunications unit after the French consortium failed to receive purchase offers amenable to its price.
Verizon Awaiting its first LTE Roaming Partner. Verizon Wireless, the North American wireless carrier, is now seeking to sign its first international roaming agreement.
Vodafone chooses Wirecard for mobile payment services. Wirecard, the biggest payment systems provider in Germany has announced that it has been chosen by Vodafone to carry the mobile carrier's payment system.
