Ratos is selling Stofa to the Danish energy and telecom group SE (Syd Energi) for DKK 1,900 million (€254m). The sale generates a net gain the private equity Ratos of approximately SEK 850 million. The sale is subject to approval from the relevant regulatory authorities and SE’s Board of Representatives. Stofa is a Danish operator […]
Chinese telecom groups Huawei and ZTE do pose a security threat a US Congress report has warned after an investigation into the two companies. It said the firms had failed to allay fears about their association with the Chinese government and military. The companies are among the world’s biggest makers of telecom networking equipment.”China has […]
Mexico’s current telecommunications sector could enjoy a dramatic change if a proposed alteration to foreign inward investment is permitted. A member of Mexico’s congress, Purification Carpinteyro, told local press that fresh investment was needed to redress the lack of infrastructure development. “There is no point in keeping that restriction; the idea is to be able […]
Three non-binding offers, from the Clessidra Fund, mobile operator 3 Italia and Discovery Channel, have been submitted for the TV assets of Telecom Italia Media (La7 and MTV Italia) and the company’s three DTT multiplexes. According to Italian press reports, Italy’s Clessidra Fund was the only bidder for the entire package (broadcasters + multiplexes), offering […]
Four groups are still racing for the assets of Telecom Italia Media that are up for sale, according to Italian newspapers. Cairo Communications, 3 Italia, owned by China’s Hutchison Whampoa, Germany’s RTL of the Bertelsmann Group and the US’s Discovery Channel will submit non-binding bids before today’s deadline. The offers will be then examined by […]
DirecTV is considering a bid for Brazilian telecom company Global Village Telecom (GVT), according to Bloomberg. GVT is owned by the French media and telecoms conglomerate Vivendi, but the owners have plans to offload the company and have drawn up a list of interested parties which will reportedly be given access to the Brazilian asset’s […]
Advanced video services provider Avail-TVN is to provide content for the Google Fiber broadband TV service. Launched in July 2012 in Kansas City, Google Fiber offers connection speeds 100 times faster than traditional broadband and delivers both Internet and TV into the home. Avail-TVN will provide a range of content including studio, broadcast and cable […]
TalkTalk, the ISP that is moving into television in the hope of offering customers a rival service to Virgin Media, is to create 500 new jobs. The positions, revealed by chief executive Dido Harding in an interview with The Sunday Telegraph, will be for engineers visiting the homes of the thousands of people who have […]
UK regulator Ofcom has authorised Everything Everywhere, the JV of the Orange and T-Mobile networks, to use its existing bandwidth to launch fourth-generation (4G) mobile services. Everything Everywhere will be allowed to offer 4G services from 11th September. Ofcom said the move would deliver “significant benefits” to consumers that outweigh any competition concerns. Vodafone and […]
France’s Vivendi has reshuffled its board, appointing Jean-Yves Charlier as head of telecoms and giving the chairman of pay-TV channel Canal +, Bertrand Meheut, the task of reviewing its media and content activities. Charlier will take the telecoms job in October after quitting as head of interactive learning company Promethean and leaving the supervisory board […]