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NEC said to win 30 billion Yen undersea cable order

Bloomberg | January 21, 2011 | Jason Clenfield and Maki Shiraki  NEC Corp., Japan’s largest maker of phone-network equipment, won an order valued at about 30 billion yen ($362 million) from a group led by Nippon Telegraph & Telephone Corp. to supply undersea cables, two...

Telefonica to Invest $700 Million in Chile in 2011, Diario Says

Bloomberg | January 7, 2011 | Eduardo Thomson Telefonica Chile SA, Chile’s largest telephone company, plans to invest $700 million this year, Diario Financiero said. The company plans to invest a significant portion of that amount in broadband and fiber optic assets, the Santiago-based newspaper said,...

RCOM sells off telecom infra to GTL for $11 billion

Not long after the truce between India’s famous Ambani brothers – who own Reliance Communications (RCOM) and Reliance Industries Limited respectively - the younger brother, Anil Ambani, head of RCOM, has sold off his firm’s tower business to GTL Infrastructure for $11 billion. This is the first time a non-telco player has gained a foothold in the highly lucrative Indian telecom infrastructure business.