Cable & Wireless Communications said gaining government approval for the sale of Monaco Telecom was proving more difficult than expected, but the company said it has alternative options if the sale to Bahrain's Batelco falls through.
Apple remained at the top of a global ranking of brands for 2013, with a value of $185 billion, but Samsung Electronics is closing the gap, moving up 25 places to No. 30, according to the latest BrandZ Top 100 study of leading global brands.
Vodafone Group reported what is being described as its biggest ever fall in full-year sales, as the operator also said it was happy with its Verizon Wireless stake and would reinvest the latest Verizon dividend payment of $3.2 billion to counter weaknesses in Southern Europe.
Vodafone will report its annual results on Tuesday and speculation is brewing about what, if anything, CEO Vittorio Colao will say to shed light on the future of the operator's 45 percent stake in Verizon Wireless.
Vodafone Ireland is posing a challenge to incumbent telco eircom with the launch of its fiber-based broadband service, offering consumers and businesses speeds of up to 70 Mbps. Beginning at €30 ($39) a month, eligible users can opt to purchase a standalone or bundled voice/data option.
UK mobile operator 3 UK has discussed the option of pooling its 800 MHz spectrum with that of rival operator EE, and also suggested it could launch commercial LTE services ahead of schedule this year.
Verizon Wireless will pay a $7 billion dividend to parent companies Verizon Communications and Vodafone by the end of June, diffusing a potential source of tension between the two parents as speculation continues to burble that Verizon will buy Vodafone's 45 percent stake in the joint venture.
Verizon Communications CEO Lowell McAdam hinted that Verizon Wireless will not pay a dividend to its owners this year and will instead focus on paying off debt coming due, according to a financial analyst who had a meeting this week with McAdam.
Verizon Communications has been talking to financial analysts about the price it may be willing to pay to buy Vodafone's 45 percent stake in Verizon Wireless as a way to spur talks between the two telecom giants, according to a Bloomberg report.
Verizon Communications' planned bid for Vodafone Group's 45 percent stake in Verizon Wireless faces a sizable hurdle.