The TelecomDirect News Daily Update
For October 11, 2006
United States - United Kingdom: Global Crossing Acquires Fibernet
Following its 25 August 2006 offer to shareholders, Global
Crossing has announced the formal acquisition of Fibernet
Plc. Global Crossing will pay £0.78 (approximately US$1.48)
per share for a total value of US$94.6 million. This represents a
100% premium on the share price over the previous month, when it
had fallen as low as ...
Mtel Readies for Vodafone Live! Launch
Bulgaria's number-two mobile operator MTel, part of Telekom
Austria, is planning to launch the 3G multimedia service Vodafone
Live! in co-operation with the United Kingdom's mobile group
Vodafone. Significance: The launch of Vodafone Live!, which will
enable MTel customers to watch TV on their mobile handsets,
signals that ...
Justice Department Approves AT&T-BellSouth Merger Plan
WASHINGTON -- The Justice Department approved AT&T's buyout of
BellSouth Corp. on Wednesday, clearing a major hurdle for
reuniting two modernized parts of the old Ma Bell phone monopoly
that the government broke up in 1984. The decision leaves the
Federal Communications Commission as the final hurdle for a $78.5
Sony Ericsson to Report Net Profits Nearly Tripled to 298 M
STOCKHOLM, Sweden -- Mobile phone maker Sony Ericsson will report
that its third-quarter earnings nearly tripled because of
consumer demand for its improved camera and music phones. The
results were scheduled to be released Thursday but a copy of an
internal company e-mail detailing the earnings report was sent
out Wednesday to ...
Nortel Takes WiMax MIMO
Nortel Networks Ltd. is trying to get a jump on the competition
with an 'all singing, all dancing' MIMO WiMax base station
developed in collaboration with Runcom Technologies Ltd.
Displaying its new equipment line at the WiMax World show in
Boston this week, the firm says the MIMO product has significant
Sprint's Powerful Vision
Barry West, CTO and President of 4G Mobile Broadband Sprint
Nextel, said to me in an interview yesterday that Sprint is
'building a network and an eco-system that point to a future
of the Internet anywhere.' The long view is that Sprint
Nextel no longer wants to be just a voice communications
company. "We have a ...
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