Vodafone to be hit by roaming cuts

Vodafone warned on Tuesday that it expects to take a revenue hit of between £200m and £250m during the financial year 2007-2008, as a result of regulator imposed caps on roaming charges. The warning comes as Vodafone continues to struggle in the more mature markets of Europe. On Tuesday, the operator reported that revenues for […]

Alltel bought for $27.5bn

US cellco Alltel said late Sunday that it has signed an agreement to be acquired by Goldman Sachs Capital Partners and the Texas Pacific Group for $27.5bn in cash. Under the agreement, the private equity firms will acquire all of the outstanding common stock of Alltel for $71.50 per share, representing a 23 per cent […]

Virgin fancies Indian summer

The big rumour doing the rounds on Friday is that Virgin Mobile is set to enter the burgeoning Indian mobile market via a 50-50 partnership with local operator, Tata TeleServices. Tata is India’s sixth largest mobile operator with 12 million subscribers at the end of April. The operator runs a CDMA network, a technology Virgin […]

Orange segments usage stats

Orange is set to take a bold step Tuesday with the launch of its consumer digital media usage index, an ongoing report showing exactly how UK customers use Orange services and media. The initial index is primarily focused on mobile services including messaging, games, music, TV and the mobile internet but going forward it will […]

Altimo to Cukurova: We don’t want your money

Russian investor Altimo fired the latest broadside in its battle to control Turkish operator Turkcell on Thursday, when it turned down an offer from owners Cukurova to pay off a $1.3bn loan. To recap, back in the autumn of 2005, Cukurova, a diversified Turkish industrial group in financial trouble, was keen to sell its stake […]

O2 Germany may cut 1,000 jobs

UK-based mobile operator O2 may cut up to 1,000 jobs, or 20 per cent of its staff base, at its German business, according to reports on Tuesday. According to a report in the Financial Times Deutschland, O2, which was bought up by Spanish carrier Telefonica last year, will make the cuts to reduce personnel costs. […]

3 UK head steps down

Announcing the departure of a CEO is turning into something of a bandwagon and 3 UK became the latest company to jump on it on Thursday. The UK 3G operator said that Bob Fuller is to retire as he turns 60 at the end of June. Fuller has been with 3 UK for four years, […]

Virgin Mobile USA seeks $100m floatation

Virgin Mobile USA, Richard Branson’s US MVNO, said Tuesday that it has filed a registration statement with the Securities and Exchange Commission for an Initial public Offering (IPO). The company aims to raise as much as $100m from the floatation. Virgin has not yet revealed the number of shares to be offered or the price […]

Offer made for Maxis

Malaysian mobile operator Maxis Communications requested a trading suspension on Monday after the controlling shareholder offered to buy the rest of the company. Usaha Tegas Sdn Bhd (UTSB), which owns 47 per cent of Maxis, is expected to make the offer before Thursday, May 3. Ananda Krishnan, one of Malaysia’s richest men, is thought to […]

Telefonica wins Telecom Italia stake

Spanish carrier Telefonica became the largest shareholder in Telecom Italia over the weekend, as part of a Eur2.3bn buyout of Italian tyre company Pirelli. On Sunday, Pirelli and Edizione (Benetton Group) agreed to sell their stakes in Olimpia, the principal shareholder in Telecom Italia, to a consortium made up of Telefonica, insurance company Generali, investment […]

Orange intros prepay overdraft

Orange UK on Monday launched a price plan that will allow prepay users to go overdrawn on their account in case they run out of credit at an inconvenient moment. The Reserve Tank is a £2.50 overdraft facility that kicks in when a user’s credit has expired as was announced as the operator rehashed its […]

France Telecom not interested in Italy

France Telecom has pulled out of the running for a stake in Italian carrier Telecom Italia after recording better than expected revenues for the first quarter of the year. The French telco had initially contacted Italian banks and insurers in an attempt to create a consortium that is acceptable to the Italian government, as ministers […]

Europe’s biggest circle Telecom Italia

Two of Europe’s biggest telecoms firms are understood to be circling Telecom Italia (TI) in a bid to counteroffer AT&T/America Movile’s £2bn play for the Italian incumbent. France Telecom and Spanish operator, Telefonica, have contacted Italian banks and insurers in an attempt to create a consortium that is acceptable to the Italian government, according to […]

Google and LG team up

Internet search giant, Google said Wednesday that it has inked a deal with Korean electronics firm, LG Electronics, to put its software on LG’s mobile phones. The move comes days after Yahoo announced its ‘oneSearch’ service – widely hailed by analysts and industry observers as a significant leap over Google’s existing mobile technology. LG, maker […]

Mobile banking takes tentative steps

In the US, AT&T is to introduce mobile banking services through its Cingular Wireless business, in association with four banks. The deal is thought to be the biggest of its kind in the US. AT&T customers will be able to use their mobiles for basic banking services such as checking balances and transfers with any […]

3 cuts losses by 45%

Hutchison Whampoa’s 3G operation, the 3 group, narrowed its losses by 45 per cent last year, according to figures released Thursday. Chairman of the Hong Kong company, Li Ka-shing, said that the group’s loss for 2006 dropped to HK$20bn (Eur1.9bn) from HK$36bn in 2005. 3’s revenue for the year grew 35 per cent to HK$50.6bn. The […]

KPN looks to Spain

Dutch operator KPN is reportedly in talks to launch a mobile virtual network operator (MVNO) in Spain. The operator is understood to be in discussions with several mobile players in Spain, including Telefonica, Orange and Vodafone. KPN operates its own mobile networks in the Netherlands, Belgium and Germany but is looking to expand to other […]

Rossi not doing enough says TI board

Guido Rossi, chairman of Telecom Italia (TI) has received a stinging letter from board members at the company, complaining that measures he has introduced to remedy the company’s performance, do not go far enough. In a report published Tuesday by the Wall Street Journal, TI’s lead independent director, Guido Ferrarini, challenges Rossi’s latest plans, arguing that […]

Voda pitches flat rate data roaming

Vodafone on Wednesday announced a flat rate data roaming rate of Eur12 for a full day or 50Mb worth of use. The tariff will be available to Vodafone customers from July 1 and follows on from the introduction of flat rate data tariffs in individual countries over the past year. Vodafone has also seen some […]

$20bn contract gives US telecoms execs the jitters

American telecoms executives may well be slightly agitated this month as they await the US General Services Administration’s (GSA) decision on who has won the largest telecommunications contract ever awarded. Dubbed ‘Networx Universal’, the contract is thought to be worth around $20bn (£10.33bn) but that figure could rise. AT&T, Verizon Communications, Qwest Communications and Sprint […]

Polls

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