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Telecommunication News

Vodafone seals $900m Ghana deal
The UK mobile group is buying a 70% stake in Ghana Telecom for $900m, in the latest sign of its appetite for Africa's fast-growing telecommunications markets

Ambani consortium eyes majority MTN stake
A consortium led by Indian billionaire Anil Ambani is considering taking a majority stake in South African mobile operator MTN to help stave off a potential legal challenge from his elder brother, Mukesh Ambani, to the deal that has been under discussion

Court battle looms in Reliance dispute
Reliance Industries said it had taken the first formal step towards enforcing a claimed right of first refusal on the sale of shares in Indian mobile operator Reliance Communications to MTN

Korea signals lifting of handset barrier
International handset makers make no secret of their desire to enter South Korea, one of the world's most technologically advanced and expensive telecoms markets

Private equity circles Huawei's mobile unit
Bain Capital and Kohlberg Kravis Roberts join Silver Lake and a private equity unit of Goldman Sachs in the second round of bidding for a stake in the Chinese group's mobile devices division

iPhone to become available without contract
Smartphone buyers in the US will be able to buy a version of Apple's new 3G iPhone for $599 without committing to a two-year service agreement, said AT&T, the exclusive supplier of the iPhone in the US

Thus investors signal takeover
Thus, the business telecoms group, is set to be taken over by Cable and Wireless after almost 30 per cent of its shareholders accepted a formal offer of 180p a share

France Telecom drops $40bn TeliaSonera bid
France Telecom has abandoned its $40bn cash and share bid for TeliaSonera, leaving its plans to create Europe's largest telecoms company in tatters

Cable & Wireless finalises 180p bid for Thus
Thus, the telecoms provider, could recommend a bid worth up to 180p per share from Cable & Wireless as early as Monday morning after talks between the two telecoms groups resumed last week

Fresh profit warning from Sony Ericsson
Sony Ericsson warned that it would only break even in the second quarter because of disappointing European sales of its mid and high-end mobile phones

Qatar Telecom in tender offer for Indosat
The telecoms group is planning to buy another 44.9% of the Indonesian mobile phone company after its recent purchase of a 40.8% stake owned by Asia Mobile Holdings

King of US wireless jungle insists he is not prey
"We're not for sale," Verizon chairman and chief executive Ivan Seidenberg says in a rare interview with the Financial Times. "And in case you didn't get that the first time, we're not for sale. OK?"

Leader defends group's shareholder return record
Ivan Seidenberg, who has led Verizon Communications since its creation in 2000, shows no sign of planning to step down from the top job

Verizon presses Vodafone to leave venture
Verizon Communications has stepped up the pressure on Vodafone to sell out of Verizon Wireless, their mobile joint venture, saying that the second largest US telecoms company intends to be "the hunter" in future industry consolidation

Sizing up smartphones
Competition for a fickle consumer's attention means higher spending and lower margins will fast become permanent features of the sector