HELSINKI, Finland—Nordic telecom companies Sonera, Telia and TDC have confirmed their interest in bidding for a 25-percent equity holding in Ukrainian Mobile Communications (UMC), the Ukraine's largest mobile-phone operator. Other interested parties include Deutsche Telekom, a shareholder in UMC.The Ukraine government is planning to...
Global interest in the U.S. cellular market is high. And with consolidation expected in the United States and around the world in coming months, U.S. carriers that are owned by foreign companies could be impacted by their partners’ interests and strategies around the globe.The...
TORONTO—Research in Motion has landed a supply agreement with T-Mobile International, a group of wireless network operators belonging to telecommunications kingpin Deutsche Telekom. The deal, RIM's second in Germany, is important because it will give the Waterloo, Ontario-based company access to the tens of...
BERLIN—Berlin is a city undergoing a rebuilding and refurbishment program the likes of which few other cities in Europe have experienced in modern times. Against this backdrop of transformation, Deutsche Telekom used the grand opening of its high-tech offices in the city to announce...
BUENOS AIRES, Argentina—The privatization of the Paraguayan fixed telephony monopoly, which includes a personal communications services (PCS) license, will likely be postponed. The privatization was initially scheduled to take place on 7 March.The delay follows last week's third postponement of the auction of cellular...
MUNICH, Germany—Siemens AG said its earnings for the fiscal first quarter increased from the fiscal fourth quarter of 2001, and its handset division returned a profitSiemens will officially report earnings next week, at which time the company is expected to announce it reached its...
PRAGUE, Czech Republic—Eight companies have submitted bids for a majority stake in Cesky Telecom. Cesky Telecom owns 51 percent of EuroTel Praha, the country's largest mobile operator.The government did not name the interested parties, but France T
MUNICH, Germany—Indonesia PT Satelindo selected Siemens to provide its GPRS network.Siemens is currently upgrading Satelindo's GSM 900 MHz network in the regions of Medan and Batam with GPRS. In future phases, Satelindo intends to offer GPRS nationwide.Satelindo is Indonesia's second-largest mobile carrier with more...
AMSTERDAM, The Netherlands—KPN Telecom and British Telecommunications are in talks regarding sharing their third-generation (3G) networks in the Netherlands, international press reports said. KPN said it was in talks with BT and other possible partners, the reports said.Both KPN and BT are looking to...
HELSINKI, Finland-For a market with a well-deserved reputation as the most dynamic and innovative of Europe's telecom sectors, one could easily think that traditional Scandinavian confidence is in a state of early winter hibernation. The customary drone of deals, domestic and cross border, has...
BONN, Germany—Deutsche Telekom became a majority shareholder in Croatia's Hrvatski Telekom. Deutsche Telekom raised its holding in the company from 35 percent to 51 percent by acquiring a further 16-percent stake from the government for $447.5 million.HT operates a mobile network, called Cronet, with...
BONN, Germany—Deutsche Telekom became a majority shareholder in Croatia's Hrvatski Telekom. Deutsche Telekom raised its holding in the company from 35 percent to 51 percent by acquiring a further 16-percent stake from the government for $447.5 million.HT operates a mobile network, called Cronet, with...
KIEV, Ukraine—A working group uniting officials from various Ukrainian ministries recommended to sell a 25-percent stake in major Ukrainian Mobile Communications (UMC), in which the state-run Ukrtelecom currently holds 51 percent.Representatives of the Finance Ministry, Economics Ministry, State Property Fund, and Communications Committee attended...
HELSINKI, Finland—Sonera sold approximately 11.5 million shares of Deutsche Telekom (DT) for nearly US$170 million, saying it will use the proceeds to cut its net debt. Sonera originally received the DT shares in return for selling its holdings in Powertel and VoiceStream Wireless when...
LONDON—British Telecommunications plc and Deutsche Telekom finalized their third-generation network sharing agreement, first announced in June, for their respective mobile subsidiaries in the United Kingdom and Germany. The agreement is expected to deliver up to a 30-percent cost savings during 10 years to BT...
STOCKHOLM—Ericsson said it intends to claim 20 percent of the CDMA market by 2004, even as it identified five carriers as its major customer focus. The carriers include Vodafone Group plc of the United Kingdom, France Telecom SA, Deutsche Telekom AG, Telefonica SA of...
Sprint Corp. announced the pricing structure of its planned $2 billion secondary offering of Sprint PCS shares and equity units, placing 70 million shares of PCS common stock at a public offering price of $24.50 per share and 60 million in equity units at...
PRAGUE, Czech Republic-Atlantic West, a joint venture owned 51 percent by Verizon Telecommunications and 49 percent by AT&T Corp., is reportedly selling its 49-percent stake in Czech mobile operator EuroTel Praha for about $1.5 billion to Cesky Telecom. The deal would give Cesky Telecom...
WARSAW, Poland—The deadline for finalizing a deal between Polish company Elektrim and Vivendi Universal passed on 30 July, without final agreement on a cash-and-debt deal announced last month. The preliminary agreement stated Vivendi would pay US$600 million to take control of mobile operator Polska...
PRAGUE, Czech Republic—Atlantic West, a joint venture owned 51 percent by Verizon Telecommunications and 49 percent by AT&T, both of the United States, is reportedly selling its 49-percent stake in Czech mobile operator EuroTel Praha for about US$1.5 billion to Cesky Telecom. The deal...
FRANKFURT, Germany—In preliminary first-half results, Deutsche Telekom revealed it would not list part of its T-Mobile subsidiary this year.The company's results were in line with expectations, although concerns about its high debt load are still strong.
