Egyptian billionaire Naguib Sawiris is looking to get his hands on Telecom Italia via a US$3.9 billion cash infusion, according to a Reuters report. If successful in his bid for control, he would look to expand Telecom Italia's interests in Brazil, the report adds. Sawiris used to own Wind Telecomunicazioni SpA , Italy's third-largest mobile operator.
Meanwhile, back at the coalface, Telecom Italia is to deploy Gemalto 's MFS contactless payments software as the backbone of its "mobile wallet" launch. (See Telecom Italia Deploys Gemalto.)
Pan-European network operator Interoute is to boost its presence in Northern Europe with the acquisition of Comendo Network, a subsidiary of Danish IT company Comendo. The deal is valued at up to €7 million ($9 million), with Interoute paying €4.5 million ($5.8 million) in cash initially and up to €2.5 million ($3.2 million) more, depending on the performance of the business during the next year or so.
NTC Holding, the largest shareholder in TDC A/S (Copenhagen: TDC), is selling a 10 percent stake in the national Danish operator, reports Marketwatch. Following the divestment, NTC will be left with a 33 percent stake in TDC.
It seems MegaFon 's imminent initial public offering (IPO) in London will be a soaraway success, with Reuters reporting that the over-subscribed order book will close at 2 p.m. GMT on Tuesday.
France is the latest country to peer more closely into the tax arrangements of Google (Nasdaq: GOOG), Apple Inc. (Nasdaq: AAPL) and others, reports Bloomberg. The government there is considering tweaking the tax laws next year to prevent it missing out on much-needed revenues.
As predicted in these pages earlier this month, the BBC reports that YouView TV Ltd. , the company behind a much-trumpeted TV catch-up service backed by the BBC and others, has been sued for trademark infringement by Total, a little-known U.K. telco that had previously registered the name "YourView."