French conglomerate Vivendi said Friday that it has finally agreed a deal for the sale of its wholly owned Brazilian operation, GVT, to European carrier Telefónica. The agreement, signed Thursday, includes a payment of €4.66bn in cash.
Amsterdam-based carrier group VimpelCom and its investment vehicle Global Telecom Holding said Tuesday they have agreed to exit the Canadian market. The companies will offload their stake in Wind Canada to the controlling shareholder of the operator for C$135m.
T-Mobile USA is embracing wifi as a network offload technology by making all smartphones it sells capable of HD voice over wifi (VoWifi) calling. In order to plug coverage gaps in homes and businesses the company is also making a wifi hotspot loaded with proprietary technology available to its subscribers.
Seven carriers this week agreed to co-deploy a submarine cable directly connecting Southeast Asia and the US in a project worth $250m. To be completed by the end of 2016, the cable system will provide an additional 20Tbps capacity, connecting Indonesia and the Philippines to the US with 100G technology.
KPN’s carrier services operation, iBasis, this week scored an LTE signalling exchange and roaming contract from Claro Peru, a subsidiary of America Movil.
The wearable trend continues to pick up pace with watch maker Timex claiming to be the first “authentic watch brand” to enter what it has now dubbed, the smartwatch space. The Timex Ironman One GPS+ offers stand alone wireless connectivity without needing to connect to a phone and is pitched squarely at the sports enthusiast sector.
US carrier Sprint is understood to have called off its courtship of T-Mobile USA and is preparing to go it alone. Only two months ago the widely expected deal was thought to be nearing completion, with those in the know putting the price tag for T-Mobile at around $31bn, creating an operator with the same scale as market leaders Verizon Wireless and AT&T.
Telefónica and its Brazilian subsidiary on Tuesday submitted an offer to merge with Brazilian ISP Global Village Telecom (GVT) for around €6.7bn and a 12 per cent stake in the share capital of the new entity. GVT is owned by French conglomerate Vivendi.
Internet video player Netflix has struck yet another peering agreement with a US carrier, this time AT&T, essentially paying for better quality of service for customers using the provider’s network. The deal was confirmed by AT&T and sits against a background of uproar over network neutrality debate in the US.