In a new twist to the changing Mexican telecom market, Telefónica is reportedly in talks to acquire Grupo Iusacell, a deal that could be worth up to $4 billion, according to local newspaper El Confidencial. Rumors have been circulating since early June that the two were considering a merger. In a regulatory...
Mexico's senate is scheduled to hold a special session to debate additional laws to the country's new telecommunications regulations designed to curb the market dominance of companies owned by billionaire Carlos Slim. The session is set to begin July 4.
In a related move, the country’s telecom regulator, the Instituto Federal...
Ahead of a key regulatory decision over its plan to acquire E-Plus, Telefónica signed a network sharing agreement on June 25 with Drillisch, which operates as a mobile virtual network operator in Germany.
Under the deal, the smaller rival will get access to 20% of...
Vodafone is acquiring Cobra Automotive Technologies, an Italian auto electronics maker, for $196 million. The London-based carrier has agreed with the company's main stakeholders to buy their 74% stake in the company and has an offer out to buy the rest. The deal will...
Deutsche Telekom is paying the price for T-Mobile US's success. U.S. expenditures were blamed for the decline in Deutsche Telekom's earnings this quarter. The Bonn, Germany-based carrier posted a 3.9% decline in core profit, falling to $5.62 billion, even as net revenues rose 8%....
With the help of investment firm Blackstone, Telefónica is launching Axonix, a mobile advertising exchange platform, which it claims is the first owned by a telecom company. The Axonix venture is set to resurrect the technology of the ad exchange MobClix, which went bankrupt last...
After losing its bid to buy SFR, Bouygues Telecom might just be bought itself. According to the French newspaper Le Parisien, the number three carrier in France is in talks over a potential sale to Iliad, the owner of Free, the fourth largest operator....
Speaking at the CeBIT conference in Hanover, Germany this week, British Prime Minister David Cameron announced a collaboration with Germany to drive research on so-called "5G" technology and the "Internet of things." Cameron also called on improving the European telecommunications single market.
Cameron told the...
Spanish telecom giant Telefónica denied a report that it is preparing a joint offer to take over Telecom Italia's Brazilian unit, TIM.
The Italian newspaper Il Sole 24 Ore published an article last week stating that Telefónica was working on a joint offer to buy...
Last month Spanish telecom operator Telefonica announced it was increasing its stake in the holding entity that controls a 22.4% stake in the largest Italian operator, Telecom Italia. While the new agreement
When Spain-based Telefónica announced plans to bolster its stake in the Telco holding company, which controls about 22% of Telecom Italia, it started a huge discussion in Brazil and Argentina's telecom markets about what would happen to TIM in Brazil and Telecom Argentina, which are both...
Editor’s Note: Wireless operators are a busy bunch, and as such RCR Wireless News will attempt to gather some of the important announcements that may slip through the cracks from the world’s largest carriers in a weekly wrap-up. Enjoy!
--A handful of regional wireless carriers...
The advanced wireless services (1.7/2.1 GHz) spectrum band auction in Peru is scheduled for July 22. ProInversión announced that four carriers have qualified to bid in the auction that will enable LTE deployment in the country. The participating telecom operators are: Telefónica Móviles (Movistar),...
MIAMI - Telecom Italia has conducted meetings with TIM Brazil team to sooth employee concerns about the telecom operator’s future following a scandal that resulted in its Brazilian CEO resigning. In talks with Brazilian press during the Amdocs InTouch event held this week in...
Luca Luciani, Telecom Italia's CEO for Brazilian operations (TIM Brazil), has resigned in the wake of allegations that Telecom Italia exaggerated its customer base through the use of irregular SIM cards in Italy. Telecom Italia named its chief financial officer (CFO)Â Andrea Mangoni as interim...
Latin America's telecom sector is clearly in need of infrastructure investment. Gartner expects the Latam telecom sector to see double digit growth rates this year in traffic, demand and investments as carriers rush to meet the challenges of data and voice traffic growth, which...
After TIM Brazil reported growth in both profit and revenue, its owner Telecom Italia saw its full-year profit before some items climb 7.3%, helped by growth in Latin America. Consolidated revenue for 2011 totaled US $40.32 billion (29,958 million euros), which is up 8.7%...
Imagine checking your smartphone or PC at work to see how much energy your home heater or air conditioner is using while you're out. Then imagine resetting your appliances remotely to save energy and money. That's the goal envisioned by Freescale Semiconductor (NYSE: FSL) in its partnership with a group of global companies that has formed the Energy@Home Consortium
Telecom Italia | August 13, 2011 | Press Release
The sale comes as part of the Group's effort to focus on core business
Telecom Italia has announced the sale of its 99.98% stake in Loquendo to U.S. company Nuance Communications, Inc. on the basis of an...
Nuance Communications Inc. (NUAN) said it will pay $75.5 million to aquire Loquendo, a wholly owned subsidiary of Telecom Italia in order to enhance its voice-enabled solutions. Loquendo provides speech technology in 32 languages with 76 voices and its solutions are embedded in...
Bloomberg | August 5, 2011 | Chiara Remondini
Telecom Italia SpA (TIT), Italy’s biggest phone company, climbed in Milan trading after reporting that second-quarter earnings advanced 4.9 percent as revenue rose in Brazil.
Read the full article here via Bloomberg
In Spain, Telefónica reported a drop of 16.3% in first-half 2011 net profit to 3.162 billion euros. In the second-quarter, net profit dropped even more: 27%. According to company, it's due to rising operating costs and a writedown of the value of its stake...
In Spain, Telefónica reported a drop of 16.3% in first-half 2011 net profit to 3.162 billion euros. In the second-quarter, net profit dropped even more: 27%. According to company, it's due to rising operating costs and a writedown of the value of its stake...
