telecommunications
Top StoriesEricsson Says Telecoms Uncertainty to Persist Into 2024, Shares Fall
Top StoriesKkr Prepares Binding Bid for Telecom Italia’s Grid as Deadline Looms
Top StoriesEricsson Books $3 Billion Impairment, Says Q3 Core Profit Fell 39%
Top StoriesExclusive-EU Push for Big Tech to Fund 5G Rollout Shelved to 2025, Sources Say
Estonia Launches Investigation Into Underwater Communications Cable Malfunction -PM
Date: October 11, 2023
Estonia launches investigation into underwater communications cable malfunction -PM (Reuters) – Estonia has launched an investigation into the malfunction of communications cable connecting it to Finland under the Baltic Sea, Estonian Prime Minister Kaja Kallas said in a statement late on Tuesday. Following the damage of a cable and a nearby pipeline, in what Finland...
Apollo, Jb Capital Preparing Bid for Vodafone’s Spanish Unit, Expansion Says
Date: October 9, 2023
Apollo, JB Capital preparing bid for Vodafone’s Spanish unit, Expansion says MADRID (Reuters) – U.S.-based buyout fund Apollo Global Management is readying a bid with local fund JB Capital for the Spanish unit of telecom giant Vodafone, the Expansion newspaper reported on Monday citing unidentified sources with knowledge of the matter. The news about a...
Saudi Arabia’s Stc Group to Become Telefonica Top Shareholder With 9.9% Stake
Date: September 6, 2023
Saudi Arabia’s STC Group to become Telefonica top shareholder with 9.9% stake By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI (Reuters) -Saudi Arabia’s STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion), in a move to become the Spanish telecom giant’s top shareholder. STC,...
Vodafone Teams up With Amazon’s Project Kuiper to Extend 5G Reach
Date: September 5, 2023
Vodafone teams up with Amazon’s Project Kuiper to extend 5G reach LONDON (Reuters) – Vodafone plans to work with Amazon’s low Earth orbit satellite constellation Project Kuiper to extend the reach of its 4G and 5G telecoms networks in Europe and Africa. The British mobile operator said Project Kuiper’s high-bandwidth, low-latency satellites would be used...
Intermedia’s Owner Explores Sale of Communications Services Firm -Sources
Date: August 10, 2023
Intermedia’s owner explores sale of communications services firm -sources By Milana Vinn (Reuters) – The private equity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1 billion, including debt, according to people familiar with the matter. Buyout firm Madison Dearborn Partners is...
Huawei Ban Would Cost German Rail Operator 400 Million Eur – Spiegel
Date: August 4, 2023
Huawei ban would cost German rail operator 400 million eur – Spiegel BERLIN (Reuters) – Germany’s national railway operator would have to spend up to 400 million euros ($437.44 million) to replace all the components in its infrastructure supplied by Chinese tech giant Huawei Technologies, Spiegel magazine reported on Friday. Deutsche Bahn, which is state-owned,...