Rumors are rife that Denis O'Brien, the Irish billionaire owner of Jamaica-based Digicel Group , is in talks about the possible acquisition of eircom, the struggling Irish incumbent, reports the Irish Independent. Lenders to eircom have grown increasingly frustrated at the operator's failure to address its high debt levels. (See Lenders to Lean on Eircom.)
Qatar Telecom posted a year-on-year 13 percent drop in third-quarter net profits to 567 million riyals (US$155.7 million), this despite revenues rising 16.5 percent over the same period. Qatar Telecom has extensive interests throughout the Middle East and -- through PT Indosat Tbk -- in Indonesia.
Potential embarrassment looms for the organizers of the London Olympics, reports the Daily Telegraph, because, as things stand, posh folk in the corporate areas will have to use mobiles connected to Telefónica UK Ltd. 's O2 network or just shout very loudly if they are to communicate with the outside world.