Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.» Read More
Sweden's Ericsson reported weaker-than-expected fourth-quarter earnings due to a drop in investment by telecoms operators in North America.
DALLAS— AT&T is buying Nextel Mexico from NII Holdings for about $1.88 billion, minus the company's debt. The deal will give AT&T Inc. companies that operate under the name Nextel Mexico and hold all of the wireless properties in Mexico held by NII Holdings Inc. That includes spectrum licenses, network assets, retail stores and about 3 million subscribers.
Hans Vestberg, CEO of Ericsson says the next five years will see the "revolution of technology" with 85 percent of world population with 3G or 4G coverage and 90 percent of people above the age of six having a mobile phone.
HONG KONG— Hong Kong billionaire Li Ka- shing's flagship company said Friday it's offering about $15 billion for the British business of European mobile phone operator Telefonica. Hutchison Whampoa Ltd., which already owns British mobile operator Three, said in a statement that it has been in "exclusive negotiations" with Telefonica SA over the past several...
Asia's richest man Li Ka-shing set his sights on Europe likely because asset prices could inflate after the ECB's stimulus package, says Alex Wong, Director, Asset Management at Ample Capital.
Chris Lane , Senior Research Analyst at Sanford C. Bernstein, discusses news that Telefónica may sell its British mobile business to Li Ka-shing's Hutchison Whampoa..
NEW YORK— T-Mobile says it will offer deals on new smartphones to customers with bad or no credit, regardless of how they pay, and charge no interest. The nation's No. 4 wireless carrier said Thursday that such deals were previously only available to people with good credit. In a blog post, CEO John Legere said 63 percent of Americans have "less than the perfect credit...
CNBC's David Faber provides an update on Verizon's spectrum auction and discusses the telecom's quarterly earnings.
Verizon's revenue rose due to higher net addition of postpaid subscribers and a rise in average revenue per account.
Giuseppe Recchi, chairman of Telecom Italia, discusses the top trends in the telecoms industry in 2015.
SAN FRANCISCO— Google is planning to sell wireless phone service directly to consumers using the networks of Sprint and T-Mobile, according to reports published Wednesday. If everything falls into place, Google Inc. could offer discounted wireless data plans that would pressure other major carriers to offer better deals and services or risk losing...
Google partners with T-Mobile and Sprint to break into the mobile-phone-plan game, according to technology blog The Information.
Randall Stephenson, AT&T chairman & CEO, discusses the likely impact of the FCC's decision on net neutrality, including lawsuits and a possible Supreme Court decision.
Google and Elon Musk's SpaceX are close to reaching an agreement that would make it an investor in Musk's company.
Hutchison Whampoa is in talks with Telefonica about buying O2. CNBC's Helia Ebrahimi says Telefonica is known for its high amount of debt, so it's "a keen and willing seller."
LONDON, Jan 18- Hutchison Whampoa, owner of Britain's fourth-largest mobile operator Three, is in talks with Telefonica about buying its O2 network, the Sunday Times reported, citing unnamed city sources. O2, acquired by Spain's Telefonica in early 2006, is second in the British mobile market with about 22 million subscribers. Neither Telefonica nor Hutchison...
AT&T said that it would be taking a $10 billion charge, but the company said that it would not have an effect on its operating profits.
MEXICO CITY, Jan 16- China's third-largest carrier China Telecom is preparing a possible bid for a contract to build and run a new mobile broadband network in Mexico and is seeking local partners to join it in a consortium, three people with knowledge of the matter said. It has already secured up to several billion dollars of financing from Chinese...
Sir Richard Branson says Virgin Galactic's partnership with Qualcomm will bring Internet access to billions in countries without it.
BOGOTA, Colombia— Facebook founder Mark Zuckerberg traveled to Colombia on Wednesday to bring his global Internet-access initiative to Latin America. In an event with President Juan Manuel Santos, the billionaire explained how even low-end mobile phone users in Colombia will now be able to access for free a limited number of websites thanks to a partnership...
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