As expected, Telefónica SA (NYSE: TEF) has the upper hand in its battle with Telecom Italia (TIM) over the sale of Vivendi 's Brazilian broadband unit, Global Village Telecom (GVT). Reuters reports that Vivendi has chosen to hold exclusive talks with the Spanish operator following Telefónica's decision to increase its bid to $9.8 billion and boost the cash component of its offer. Separately, Vivendi reported first-half revenues down 3.5% year-on-year at €5.54 billion (US$7.3 billion), while adjusted net income was down 1.1% to €355 million ($468 million). (See Telefónica, Telecom Italia in $9B Battle to Buy Brazil's GVT.)
T-NOVA, an EC-funded collaborative effort developing systems that will support NFV-as-a-service, has issued a specifications document that proposes "an integrated top-down NFV system architecture for the provision of Virtual Network Functions as-a-Service." For more details, see this announcement.
Nokia Corp. (NYSE: NOK)'s navigation business, HERE, has formed an agreement with Samsung that will see the Finnish vendor's products appearing on Samsung Corp. 's Tizen-powered devices. HERE is currently undergoing a change in leadership, with former CEO Michael Halbherr departing, it is said, as a result of disagreement over the unit's future direction.
Swisscom AG (NYSE: SCM) has completed the acquisition of advertising directories specialist PubliGroupe, reports Reuters, for a price of around 475 million Swiss francs ($519 million).
Snowden relation? Given the German government's relatively recent announcement that it will only do business with German carriers in the wake of the NSA scandal, I wonder if a significant part of the reason Deutsche Telekom wants to sell T-Mobile US is a matter of attracting/maintaining more profitable local/European business.
MikeP688, User Rank: Light Sabre 8/29/2014 | 4:02:17 PM
Re: Dish I trust you agree that it is a matter of leadership & vision. Dish has to do something--just like T-Mobile has to figure out a way to hook up with a more sterngthened operator as AT&T & Verizon continue to dominate the ever saturated market. I could not help but wonder what Judge Sircia--who broke up AT&T--would say today.
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