TelecomDirect News will take an editorial holiday on November
23-24. We will resume publishing on November 27. We wish everyone a safe and happy Thanksgiving.Speculation Deepens on Hutchison Whampoa's Possible Sale of the 3 Group
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Hutchison Whampoa has refuted speculation that it is in talks with France Telecom's Orange about a deal that could lead to a sale of the 3 ...
VimpelCom to Make a Beeline for Armenia's Mobile Market
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Russian mobile operator VimpelCom plans to introduce its 'Beeline' brand into Armenia as soon as possible, reports the news agency Prime-Tass, quoting the company's vice-president, Nikolai Pryanishnikov. VimpelCom acquired a 90% stake in the fixed-line and mobile operator, Armentel, for US$463.3 million, plus around ...
A Status-Seeker's Cell Phone
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Like it or not, we are all judged by the home we live in, the clothing we wear, the car we drive and, increasingly, the phone we carry. For those of us who wish to make a loud, ostentatious statement about our lifestyle and identity, there's the Motorola Razr V3i Dolce & Gabbana. Make no mistake about it, people ...
Private Equity Firm Expresses Interest in TelecomItalia
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The chairman of Blackstone Group, the world's largest private equity company, said Thursday he would consider buying a minority stake in TelecomItalia. If the shareholders are willing to sell we would be interested, in TelecomItalia, Tony James told reporters on the sidelines of a private equity conference ...
ITV Rejects Takeover Bid From NTL, Saying Proposal Makes Little Strategic Sense
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ITV PLC, Britain's largest commercial broadcaster, on Tuesday rejected a 4.7 billion pound (US$8.9 billion (806.9 billion) takeover offer from cable operator NTL Inc., saying the proposed combination made little strategic sense and undervalued the business. NTL offered to pay 122 pence (US$2.31) a share _ 105 pence ...
Investors Throw More Cash At Mobile TV Chip Startup
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Startup Newport Media, which is developing mobile TV chips for use in cell phones and other handheld devices, had closed a $30 million third round of venture financing. The new cash brings to $66 million total funding for the company, which won't even celebrate its second birthday until January. The latest round was led by ...
Taxing Times for WiFi?
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The Australian government has won the first skirmish in a legal battle that could allow it to charge vendor royalties for all WiFi equipment and deployments. Australia's Commonwealth Scientific and Industrial Research Organization (CSIRO) claims that U.S. patent 5487069, which it obtained in 1996, covers technology used in ...
Poll: Vonage IPO Gets Thumbs Down
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Readers didn't have many definitive opinions about upcoming IPOs, based on the latest Light Reading poll, but they do know what they don't like: Vonage Holdings Corp. (NYSE: VG). Asked which recent IPO would prove the biggest dud, a little more than half of the 182 respondents picked Vonage over Acme ...
Business and Consumer IP Phone Markets Will Accelerate by 2008
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SCOTTSDALE, Ariz., - The mass migration to IP-based services is finally happening in both the business and consumer markets. Even though the adoption of IP phones is currently lagging, reports In-Stat, the growth of IP phones will accelerate significantly beginning in 2008, the high-tech market research firm says. The ...
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