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Verizon Wireless to distribute $7 billion to owners
Announcement comes despite earlier comments from U.S. mobile operator that it would prioritise paying down debt. Verizon Wireless, a joint venture of Verizon Communications Inc. and Vodafone Group PLC, will pay out $7 billion...
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Nokia launches Lumia 928 Windows smartphone exclusive to...
Flagship handset to go on sale from 16 May with up-front cost of $99. Finnish handset maker Nokia Corp. announced Friday its newest high-end smartphone, which is exclusively for U.S. telecommunications operator Verizon Wireless....
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Former News International chief to become Virgin Media...
Tom Mockridge to take over from Neil Berkett once Liberty Global deal closes. Former News International chief executive Tom Mockridge will succeed Neil Berkett as CEO of Virgin Media once Liberty Global has completed...
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Qatar Foundation to take 5% stake in Bharti...
India-based telco says investment will help it increase stakes in some of its units. Qatar Foundation Endowment has agreed to invest $1.26 billion in Bharti Airtel Ltd. for a 5% stake, a deal that...
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SoftBank CEO sees no need for Sprint to...
Comments come amid speculation of a higher offer for U.S. telco due to buoyant share price. SoftBank Corp. Chief Executive Masayoshi Son said Sprint Nextel Corp. hasn't asked for permission to raise its bid...
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O2 UK strikes 10-year wholesale deal with BT
Contract will see U.K. incumbent build transmission network, backhaul links for O2's LTE infrastructure. BT and O2 UK on Monday signed a 10-year contract that will see the fixed-line incumbent supply transmission and backhaul...
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KT Corp close to buying iWayAfrica from Telkom...
South Korean telco set to announce purchase of African ISP as part of international expansion plan. South Korea's largest fixed-line operator, KT Corp., is close to signing a deal to buy an African Internet...
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