Cable Operator NTL Plans To Cut Work Force by More Than a Third After Telewest Merger
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LONDON -- Cable operator NTL Inc. said Tuesday it plans to cut more than a third of its work force following its acquisition of rival Telewest Global. NTL, which also purchased Richard Branson's Virgin Mobile Holdings PLC last month, said that it will reduce its 17,000-strong work force by 6,000 by the end of next year. NTL said a...
Greek Mobile Wireless Operator Cosmote To Buy 42 percent Stake in Germanos
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ATHENS, Greece -- Cosmote Mobile Telecommunications said Tuesday it has signed a deal to buy a 42 percent stake in mobile telephony retailer Germanos at a price of EUR19 (US$24) per share. Cosmote said it will also launch a public offer for the remaining shares in Germanos at the same price after August. The deal is subject...
AT&T To Resell Satellite Broadband Service
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NEW YORK -- AT&T Inc. plans to expand its high-speed Internet offerings by selling satellite-based access to customers in rural areas who cannot be reached by broadband over phone lines. AT&T said Monday it is partnering with WildBlue Communications Inc. to sell satellite broadband under its own brand, starting this month...
U.S. Mobile Phone Sales Up
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The U.S. mobile phone market shrugged off the typical post holiday lull, posting an 11 percent year-over-year increase in the first quarter of 2006, according to NPD Group. Motorola retained its spot as the top supplier to the U.S. consumer market. U.S. consumers snapped 34.8 million wireless handsets during the first quarter of...
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