Cyan, an emerging software-defined networking and packet-optical transport platform vendor, saw its initial public offer of 8 million shares of common stock, priced at $11 per share, open at $10.05 this morning on the New York Stock Exchange.
Telecom Italia continues to be dogged by speculation about what it plans to do with its fixed network, although the operator has dismissed talk of a possible listing of the network as "premature," according to Reuters . In a separate development, rumours suggest Naguib Sawiris has expressed interest in re-entering the Italian telecoms market, five months after the failure of his bid for Telecom Italia.
Telefónica is planning to sell some shares in its Colombian business as the Spanish operator seeks new ways to reduce its debt mountain this year, according to multiple reports.
Rebtel, a leading mobile VoIP service provider and Skype competitor, has indicated it may launch an initial public offering in the next two to three years if it achieves its growth targets, its CEO told Reuters .
Private equity firms are ramping up their efforts to secure funds for a possible £10 billion bid to acquire EE, the UK's largest mobile operator, according to a report in the Financial Times .
CyrusOne's shares were up almost 15 percent during its first day trading as a public company on the Nasdaq stock exchange on Friday. The data center provider's shares closed at $19 after rising to $22.10 at one point during the day.
CyrusOne, Cincinnati Bell's data center business subsidiary, on Tuesday revealed that it will sell 16.5 million shares of its common stock in an upcoming initial public offering.
Telefónica is looking to raise as much as €6 billion by listing shares of its Latin America operations in Madrid and London as part of its continuing effort to reduce its €52.8 billion debt.
Ericsson is suing Samsung Electronics after negotiations between the two equipment suppliers broke down and they failed to agree on a renewal of patent licensing conditions.
France Telecom (FT) CEO Stephane Richard said the company is considering an initial public offering of EE next year, adding that "many" private equity firms have expressed interest in buying part of the UK operator, which FT jointly owns with Deutsche Telekom, according to Bloomberg .