Telecom Italia CEO Marco Patuano said a merger of its Brazilian unit with a local operator is not on the agenda for now, but said he does not rule out the possibility of such a move in future. Patuano also made use of a meeting in Brazil to stress that Telecom Italia operates completely independently of its Spanish shareholder Telefónica.
Cisco plans to invest $30 million (€22 million) in a global innovation centre for the "Internet of Everything" (IoE) to be opened in Barcelona in summer 2016.
Telefónica said more than 250 companies including device manufacturers, solution providers and distributors in Europe and the U.S. have now joined its machine-to-machine (M2M) programme, meaning that the Spanish operator has reached its target for the end of 2014 six months ahead of schedule.
As widely anticipated, Telefónica has initiated measures that will ultimately reduce its stake in Telecom Italia from almost 15 per cent to around 9 per cent once the Telco shareholder pact has been dissolved.
A new study by Telefónica claims that there is sufficient evidence to show that consumers are ready for connected cars, with more than 70 per cent of drivers surveyed saying that they are interested in using, or are already using, connected car services.
Telefónica is in talks on the sale of its stake in Telecom Italia in an effort to relieve regulatory pressure in Brazil, local newspaper Folha de S.Paulo reported on Friday.
The end is nigh for Telco, the largest shareholder group in Telecom Italia, after its directors approved requests from Italian investors to dissolve the shareholder pact that has existed since 2007.
The UK government is looking into creating a national roaming agreement between the country's mobile network operators in an effort to improve poor signal coverage in certain areas.
Telefónica could pay more than €1 billion ($1.35 billion) for Spanish pay-TV operator Distribuidora de Television Digital (DTS) if deals with two existing shareholders go ahead, as the Spanish incumbent seeks to shore up its domestic business.
Carphone Warehouse, which is in the throes of a £3.8 billion (€4.7 billion/$6.38 billion) merger with Dixons Retail in the UK, is reportedly on the verge of launching a mobile virtual network operator in Ireland to take advantage of new MVNO rules in this market.