International

Microsoft to buy Nokia for Euro 5.44 bn

Microsoft to buy Nokia for Euro 5.44 bn

September 3, 2013 at 9:08 am 0 comments

Nokia today announced that it has signed an agreement to enter into a transaction whereby Nokia will sell substantially all of its devices & services business and licence its patents to Microsoft for EUR 5.44 billion in cash, payable at closing. Nokia expects to book a gain on sale ofRead More

Ericsson to invest $1 bn for global ICT centers

Ericsson to invest $1 bn for global ICT centers

September 3, 2013 at 8:16 am 0 comments

Ericsson is planning to invest approximately SEK 7 billion or $1 billion in the coming five years to build three global ICT centers. High-tech, sustainable global ICT centers will support R&D and services organizations to bring innovation faster to the market and will focus on new technologies like cloud. TwoRead More

Verizon acquires 45% of Vodafone for $130 bn

Verizon acquires 45% of Vodafone for $130 bn

September 3, 2013 at 8:11 am 0 comments

Top US telecom operator Verizon on Monday agreed to buy 45% of Vodafone for $130 billion, which is said to be the third largest M&A deal in the global telecom industry. Both the companies have signed an agreement in this regard. As per the agreement Vodafone will get $58.9 billionRead More

Vittorio Colao, CEO, Vodafone Group

Vodafone to invest £6 billion in Project Spring

September 3, 2013 at 6:43 am 0 comments

Vodafone plans to utilize Verizon stake sale amount for creating attractive growth opportunities for Vodafone in mobile and unified communications services. The transition to 4G and unified communications makes this the right time in the evolution of the sector for Vodafone to pursue further development and differentiation. Vodafone is executingRead More

Vodafone exits Verizon Wireless for $130 bn

Vodafone exits Verizon Wireless for $130 bn

September 3, 2013 at 6:22 am 0 comments

Vodafone has announced that it has reached an agreement to dispose of its US group whose principal asset is its 45 percent interest in Verizon Wireless to Verizon Communications, Vodafone’s joint venture partner, for a total consideration of $130 billion (£84 billion). Vodafone has agreed to dispose of its USRead More

Vodafone in talks to offload Verizon Wireless stake

Vodafone in talks to offload Verizon Wireless stake

August 30, 2013 at 6:16 am 0 comments

Vodafone has finally confirmed that it is in discussion with Verizon Communications, the world leader in delivering innovation in communications, mobility, information and entertainment regarding possible disposal of Vodafone’s 45 percent interest in Verizon Wireless. Founded in 2000, as a joint venture of Verizon Communications and Vodafone, Verizon Wireless isRead More

Airtel to offer mobile services via satellites in Africa

Airtel to offer mobile services via satellites in Africa

August 29, 2013 at 1:09 pm 0 comments

Bharti airtel today said it has joined hands with Japan’s Softbank Mobile to offer mobile services using satellite communications in its African markets. They have completed the field trials recently. “The two companies have successfully developed a practical technology to provide cost-efficient 3G mobile phone services using a communications satelliteRead More

Alcatel-Lucent appoints Jean Raby as chief financial & legal officer

Alcatel-Lucent appoints Jean Raby as chief financial & legal officer

August 29, 2013 at 5:05 am 0 comments

Alcatel-Lucent today announced the appointment of Jean Raby as chief financial & legal officer, effective September 1, 2013. Jean Raby will relocate to Alcatel-Lucent’s headquarters in Paris. Jean Raby served as a partner and managing director in the Investment Banking Division at Goldman Sachs until the end of 2012. InRead More

Bharti airtel appoints Christian de Faria CEO of African ops

Bharti airtel appoints Christian de Faria CEO of African ops

August 28, 2013 at 6:02 pm 0 comments

Bharti airtel, world’s fourth largest telecom operator on subscriber count, today said it has appointed Christian de Faria as the CEO of its African operations effective from Jan 1, 2014. However, Faria will join Airtel Africa from September 16 this year and will immediately take charge of Airtel’s Anglophone operations.Read More

Sprint launches Ethernet Wave Service

Sprint launches Ethernet Wave Service

August 27, 2013 at 11:51 am 0 comments

Sprint has expanded its Ethernet Solutions portfolio to meet the high-speed and heavy bandwidth transport needs of business customers with Sprint Ethernet Wave Service. While offering simplicity through familiar Ethernet technology, the new service offers secure, always-on wireless and wireline connectivity with maximum data security and privacy. Developed as partRead More