TelecomDirect News Daily Update - October 11, 2006

******************************** PricewaterhouseCoopers Presents The TelecomDirect News Daily Update For October 11, 2006 ********************************

United States - United Kingdom: Global Crossing Acquires Fibernet

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Following its 25 August 2006 offer to shareholders, Global Crossing has announced the formal acquisition of Fibernet Plc. Global Crossing will pay £0.78 (approximately US$1.48) per share for a total value of US$94.6 million. This represents a 100% premium on the share price over the previous month, when it had fallen as low as ...

Mtel Readies for Vodafone Live! Launch

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Bulgaria's number-two mobile operator MTel, part of Telekom Austria, is planning to launch the 3G multimedia service Vodafone Live! in co-operation with the United Kingdom's mobile group Vodafone. Significance: The launch of Vodafone Live!, which will enable MTel customers to watch TV on their mobile handsets, signals that ...

Justice Department Approves AT&T-BellSouth Merger Plan

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WASHINGTON -- The Justice Department approved AT&T's buyout of BellSouth Corp. on Wednesday, clearing a major hurdle for reuniting two modernized parts of the old Ma Bell phone monopoly that the government broke up in 1984. The decision leaves the Federal Communications Commission as the final hurdle for a $78.5 billion ...

Sony Ericsson to Report Net Profits Nearly Tripled to 298 M

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STOCKHOLM, Sweden -- Mobile phone maker Sony Ericsson will report that its third-quarter earnings nearly tripled because of consumer demand for its improved camera and music phones. The results were scheduled to be released Thursday but a copy of an internal company e-mail detailing the earnings report was sent out Wednesday to ...

Nortel Takes WiMax MIMO

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Nortel Networks Ltd. is trying to get a jump on the competition with an 'all singing, all dancing' MIMO WiMax base station developed in collaboration with Runcom Technologies Ltd. Displaying its new equipment line at the WiMax World show in Boston this week, the firm says the MIMO product has significant performance ...

Sprint's Powerful Vision

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Barry West, CTO and President of 4G Mobile Broadband Sprint Nextel, said to me in an interview yesterday that Sprint is 'building a network and an eco-system that point to a future of the Internet anywhere.' The long view is that Sprint Nextel no longer wants to be just a voice communications company. "We have a ...

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