China can only ensure its information security in the long run if it keeps its market open to the best technology products, foreign or domestic.» 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.
Portugal Telecom said on Wednesday it has not made an offer to buy shares in Brazilian telecoms operator Telemar.
Spain's Telefonica announced a 7.7% rise in first-quarter net profit on Wednesday, meeting expectations as a strong performance in Latin America was coupled with booming broadband growth at home.
Spain's Telefonica has reached a deal to sell the Dutch TV company Endemol, creator of the "Big Brother" show, for 2.63 billion euros ($3.55 billion) to a consortium including the Mediaset media empire controlled by former Italian Premier Silvio Berlusconi's family, Mediaset said in a statement.
Australia's Macquarie Bank said on Wednesday that two of its infrastructure funds have bought secure digital radio network Airwave from Spain's Telefonica for $3.82 billion.