List of All Telecom News
| Mexican Telecom Mogul, Carlos Slim, Becomes World’s Richest Man
04/07/2007
Carlos Slim, the founder and CEO of Latin America’s largest wireless carrier, America Movil, is now the world’s richest man, according to a Mexican financial journal quoted by Reuters.Slim’s wealth recently exceeded that of Microsoft co-founder, Bill Gates, due to a climb in America Movil’s share price, and now stands at US$67.8 billion.In addition to his majority stake in... |
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| Ontario Teachers Pension Plan Strikes Buyout Deal with BCE
01/07/2007
Canada’s largest telecom provider, Bell Canada Enterprises Inc., has agreed to be acquired by the Ontario Teachers Pension Plan Board, in a cash and debt takeover deal worth $51.7 billion.BCE announced yesterday that it had signed a deal with the pension plan’s investment arm, Teachers Private Capital, which will buy a 52% share of the company. U.S.-based Providence Equity Partners... |
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| Judge Encourages Compromise in Verizon v. Vonage Patent Dispute
28/06/2007
A U.S. Court of Appeals judge is encouraging a compromise in Verizon’s ongoing patenting infringement lawsuit against broadband telephone provider, Vonage Holdings Corp.Timothy B. Dyk, one of three federal judges assigned to the case, said on Monday that the two companies should seek common ground in the dispute, and try to reach a resolution where Vonage can continue signing up new... |
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| Telus Drops Out of Bidding for BCE Inc.
27/06/2007
Western Canada’s largest telecom provider, Telus Corp., has pulled out of the bidding for its eastern counterpart, Bell Canada Enterprises Inc., which is currently seeking buyout offers from public companies and private equity firms alike.Telus chose to bow out of the bidding due to what it describes as delays and inadequacies in the sale process.“You can’t buy a company for... |
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| Embarq Appoints Former Congressman to Board of Directors
26/06/2007
Regional telecom provider, Embarq Corp., announced yesterday that former U.S. Congressman, Richard A. Gephardt, would be joining its board of directors.Gephardt, 66, served as House leader for the Democrats from 1989 until his retirement in 2003. He is seen as a moderate economic populist, and is known for his pro-labour views.“As a highly regulated company, Embarq will benefit greatly by... |
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| French Government to Sell up to 7% of France Telecom
25/06/2007
The government of France has announced plans to sell as much as 7 percent of France Telecom SA, the country’s incumbent telephone provider, at an estimated price of 3.8 billion (US$5.1 billion).Proceeds from the sale of 130-million to 180-million France Telecom shares will be used to help pay down national debt, before the implementation of tax cuts promised by newly elected President,... |
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| Bell Canada Holds “Non-Exclusive” Merger Talks with Telus Corp.
22/06/2007
Canadian telecom giant, Bell Canada Enterprises Inc., revealed this week that it is discussing a possible merger with its western counterpart and rival in the wireless industry, Telus Corp.Bell Canada is currently the target of three private equity groups, each of which is hoping to buy out existing shareholders and acquire the company. Executives announced on Wednesday night that the telecom had... |
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| TeliaSonera Rolls-Out Residential VoIP in Sweden
19/06/2007
Swedish telecom incumbent, TeliaSonera, has launched its own residential VoIP offering as part of a triple-play voice, broadband, and digital TV bundle.The VoIP bundle will initially be available to about 2.4 million Swedish households, starting at SEK349 (US$49.60) per month for unlimited local calling, digital television, and 2-Mbps ADSL.We know that some consumers want IP telephony, which is... |
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| UBS Analysts Bullish on Regional Telecom Carriers
18/06/2007
Regional telecom incumbents like Cincinnati Bell, Embarq, and Windstream are poised for an increase in market capitalization over the next 12 months, according to the brokerage firm, UBS.UBS predicts that these mid-sized telephone and internet providers will see their businesses stabilize in the coming months, and begin returning more cash to shareholders, in the form of high dividends and stock... |
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| Alberta Phone Companies to Implement 10-Digit Dialing System
15/06/2007
Just one week after announcing 10-digit local dialing in British Columbia, the CRTC has authorized telecom providers to implement a similar system in the province of Alberta.As population swells in the western provinces, and an increasing number of residents carry cellular phones, 7-digit numbers in Alberta’s 403 and 780 area codes are on the verge of running out. The CRTC has decided that... |
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