BT has raised £158.6 million (US$251.2 million) from the sale of a 14.1 percent stake in Indian Service Provider Information Technology (SPIT) specialist Tech Mahindra Ltd. and it may not be done yet. "Following this sale, BT has a 9.1 percent shareholding in Tech Mahindra, but further sales may be considered in the future," the operator stated in an announcement to the London Stock Exchange. It also added: "Tech Mahindra remains a key supplier to BT." (See Tech Mahindra Wins BT Deal.)
Still with BT, the U.K. operator has struck an interconnect agreement with Russia's Rostelecom .
ZTE will launch its first Intel-powered Android Ice Cream Sandwich smartphone, the Grand X IN, in Europe during September.
No wonder its rivals have been feeling the heat. French competitive operator Iliad signed up 3.6 million mobile customers, more than 5 percent of the country's total wireless market, in less than six months. The operator, which trades under the brand Free, generated €320 million ($403 million) in revenues from its new mobile business during the first half of this year. Its group revenues reached €1.44 billion ($1.8 billion), up 39 percent year-on-year, while its net profit dropped 45 percent to €80 million ($100.7 million). See this press release for the full details. The operator, which has 5.15 million fixed broadband customers, recently agreed to a major loan from the European Investment bank to help fund its fiber-based broadband rollout. (See France's Free Banks on FTTH.)