Telecom Italia CEO Franco Bernabe and core shareholders met after all on Thursday despite saying earlier that they had postponed talks until October, but a deal on the future ownership of the debt-laden Italian operator remains elusive.
Vodafone Netherlands opted for a small-cell system from SpiderCloud in a bid to offer better in-building voice and data coverage for its enterprise customers. The value of the deal was not disclosed.
A hacker stole the names, addresses and bank account numbers of 2 million of Vodafone Germany's customers, the operator reported. Perhaps more worrisome, the hacker exploited insider knowledge of Vodafone's systems in order to access the information.
Vodafone managed to clinch its € 7.7 billion ($10.2 billion) acquisition of Kabel Deutschland, paving the way for the company to offer bundles of telecommunications services in Germany. Vodafone's bid for Kabel Deutschland had been threatened by investors seeking better terms.
Verizon Communications blew past records by selling $49 billion in corporate debt in order to finance its $130 billion acquisition of Vodafone's 45 percent stake in Verizon Wireless.
UK operators Vodafone and EE have been quick to indicate they will offer the latest iPhones on their LTE networks, rounding off a week of announcements that have seen both operators vying for subscribers to their "4G" plans. Meanwhile Orange claims to have the No. 1 LTE network in France.
Tensions will be running high at Vodafone as the operator waits for shareholders to tender their shares in Kabel Deutschland by the deadline of midnight on Wednesday, Sept. 11, amid pressure from an activist fund manager.
Apple unveiled two new iPhones to replace the iPhone 5 on Tuesday, the lower-cost iPhone 5c and higher-end iPhone 5s, and to the relief of Apple fans across Europe the new smartphones will now support LTE Bands 7 (2.6 GHz) and 20 (800 MHz), as well as LTE Band 3 (1800 MHz).
Verizon Communications is on track for the biggest sale of corporate debt ever--as much as $20 billion--in order to finance its $130 billion acquisition of Vodafone's 45 percent stake in Verizon Wireless, according to multiple reports.
BERLIN—Verizon Communications' decision to pay $130 billion to purchase Vodafone's 45 percent share of Verizon Wireless was not a surprise to Sprint CEO Dan Hesse. Speaking here at the IFA trade fair, Hesse told the audience that Verizon Wireless was the most important part of Verizon's business and therefore it was necessary for the operator to have full control of its business.