Sprint has lined up eight banks to finance its proposed acquisition of T-Mobile US.» Read More
EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.
France Telecom shares fell Monday after the French Finance Ministry said it plans to sell a stake in the company worth up to 3.7 billion euros ($5 billion) to cut public debt.
Germany's government is putting pressure on Deutsche Telekom's chief executive Rene Obermann to end a dispute with trade union ver.di over plans to outsource 50,000 jobs into a new company, Handelsblatt reported, citing sources.
Deutsche Telekom, facing its biggest strike in over a decade over planned cost cuts, reported a 5.8% drop in first-quarter core earnings on Thursday but said it was set to meet full-year targets.
Some 12,000 workers at Deutsche Telekom walked off the job Monday, protesting the telecommunications company's plan to reorganize its work force by transferring 50,000 staffers into separate units, union officials said.