Nordic operator TeliaSonera reported weaker profits in the first quarter of 2013 as a result of price pressures and falling revenue from voice services, with data revenue still failing to compensate for this decline.
TeliaSonera said it will push forward with developing the future potential of its Spanish subsidiary Yoigo after failing to attract high enough offers in a prospective sale. The company was in negotiations with Vodafone and France Telecom, with unnamed inside sources suggesting that the Swedish telco was hoping its Spanish unit could fetch around €1 billion, according to Reuters .
TeliaSonera will launch a shared data plan service allowing customers to share a bucket of data among multiple devices. The Swedish operator claims its shared data service, branded Telia Mobil Dela, is the first of its kind in Europe and will allow customers to manage up to seven devices via a single subscription.
Vodafone is considering a takeover of Spain's Yoigo, according to an analyst report from Zacks Equity Research . The deal, which could see Vodafone bidding between €750 million to €1.2 billion, could face counter bids from Telefónica and France Telecom Orange.
TeliaSonera CEO Lars Nyberg stepped down after a review by lawyers censured the company over corruption allegations related to the operator's purchase of a phone licence in Uzbekistan.
Even as a new round of set-tops move through FCC approvals, a pair of international multichannel video programming distributors (MVPDs)--TeliaSonera and Deutsche Telekom--are planning a business without them.
Yoigo, Spain's No. 4 operator, will take the fight to its larger rivals by cutting mobile tariffs by more than 20 per cent.
TeliaSonera International Carrier (TSIC) on Monday chose Infinera's DTN-X 100G platform for its North American network, giving it the capabilities needed to support its backbone traffic and deliver 100G services to its wholesale customers.
TeliaSonera delivered a jolt to the telecoms industry and said that it will cut 2,000 jobs after reporting third-quarter earnings that undershot analysts' estimates.
Yoigo, Spain's fourth largest operator, is expecting to attract bids from Vodafone and France Telecom Orange when offered for sale by TeliaSonera.