Press Clippings: Telecom News Headlines
Major Industry items you might have missed
Friday, July 4, 2008
Japan-Russia cable system starts operations.
Source: Digital Media Europe.
TransTeleCom Company (TTK), a telecommunications backbone operator in Russia and NTT, have announced that the Hokkaido-Sakhalin Cable System (HSCS), which directly links the two companies’ telecom networks via an undersea cable in Russia and Japan, has begun commercial operation.
Its startup gives NTT the shortest route between Japan and Europe, compared with existing cable routes through southern Asia and the United States, by connecting the cable to the TTK’s backbone network in Russia.
Posted by Judith — 4:18 AM
Vodafone acquires majority stake of Ghana Telecom.
Source: NYT.
The Vodafone Group said it had agreed to acquire a 70% stake in Ghana Telecom, the African country’s third-largest mobile phone operator, for US$900m. Vodafone, based in Britain, said the government of Ghana would retain a 30% stake in Ghana Telecom.
Posted by Judith — 3:14 AM
Thursday, July 3, 2008
NTT Data acquires majority stake in Matsushita mobile phone unit.
Source: TeleGeography.
NTT Data, a division of Nippon Telegraph and Telephone which builds computer networks and provides maintenance services, is acquiring a 60% stake in a mobile phone software subsidiary of Matsushita Electric Industrial, Japan’s second largest handset manufacturer.
Posted by Judith — 6:05 AM
Nokia finds way to bring Navteq into fold.
Source: Telecoms.com.
Handset vendor Nokia’s US$8.1bn. acquisition of mapping firm Navteq is back on track after the European Commission gave the deal the go ahead..
The Finnish firm said it expects to close the purchase, it’s largest to date, within the next five business days.
The acquisition fits with the Finnish firm’s positioning as a competitor to Google, rather than a straight handset vendor.
Posted by Judith — 4:59 AM
Five line up to take Huawei’s mobile unit.
Source: BWCS.
The field of competitors vying to buy the mobile handset division of Chinese vendor Huawei has been reduced to five - all private equity companies.The remaining bidders are reported to include: Bain Capital Partners, Goldman Sachs’ private equity arm, Kohlberg Kravis Roberts and Silver Lake Partners. The fifth possible partner is AEA Investors, whose bid is being masterminded by former Nortel chief Bill Owens.
Posted by Judith — 4:01 AM
Wednesday, July 2, 2008
UTStarcom sheds some wireless weight.
Source: Light Reading.
The new-look UTStarcom is taking shape, as the company is now selling off a second wireless division in hopes of focusing on higher-margin businesses like IPTV.
The company has announced a deal to sell off its Personal Communications Division (PCD) to an arm of AIG Investments. The sale would have PCD keep its management team and morph into Personal Communication Devices LLC, an entity that would have AIG Vantage Capital as its lead investor and UTStarcom as a 2% owner.
Posted by Judith — 4:05 AM
Blyk to enter Belgium early.
Source: BWCS.
Advertising funded mobile operator Blyk has announced plans to enter the Belgian market six months earlier than anticipated. The company reported that it has agreed an MVNO deal with Belgian mobile operator Mobistar.
Posted by Judith — 4:01 AM
T-Mobile introduces HSUPA network upgrade.
Source: TeleGeography.
T-Mobile UK has deployed an HSUPA upgrade across its entire 3.5G mobile network, allowing faster upload speeds of up to 1.4Mbps, becoming the first operator in the UK to implement the technology on a national basis.
Posted by Judith — 3:55 AM
Tuesday, July 1, 2008
HP purchase of EDS gets U.S. government clearance.
Source: InformationWeek.
Hewlett-Packard’s planned US$12.6bn. purchase of EDS has cleared U.S. government antitrust review.
They are still waiting for approval from European regulators. EDS will hold a shareholder meeting on July 31 to get clearance from its investors to seal the deal.
Posted by Judith — 5:02 AM
Verizon Communications keen to buy Vodafone out of wireless venture.
Source: TeleGeography.
Verizon Communications has restated its interest in buying out Vodafone’s 45% interest in their US cellular venture Verizon Wireless.
The imminent departure of Vodafone chief executive Arun Sarin has fuelled speculation that the UK-based firm could relinquish its stake in Verizon Wireless, with a number of Vodafone shareholders known to be keen to see the firm exit the US.
Posted by Judith — 4:18 AM
Headline news about telecom from a wide range of sources, compiled by Penny, Judith and Lorrie at LTC International.
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