GigOptix pulls GSI offer; Bouygues Telecom reports 5% revenue decline

Wireline news from across the web:

> Shentel Cable will be the official telecommunications provider for the Old Dominion Athletic Conference for the next four years. Story

> Telecom semiconductor supplier GigOptix has withdrawn its offer to acquire all of the shares of GSI Technology. Press release

> Egypt's fixed-line monopoly Telecom Egypt may not sell its 45 percent stake in mobile operator Vodafone Egypt once it receives a license to offer its own mobile services even though the Egyptian government has said that the company would need to exit Vodafone Egypt once it has the new unified fixed-line and mobile license. Story

> Bouygues Telecom reported a revenue decline of 5 percent to $4.11 billion in the first nine months and network sales down 8 percent year-over-year to $3.61 billion. Story

Cable News
> Conspicuously launching without the two biggest operators in the Internet video market, a group of 17 MVPDs, programmers and technology vendors have formed a new industry trade group, the Streaming Video Alliance. Article

Wireless News
> The U.S. Department of Justice is operating a program that sends out airplanes with equipment that mimics cell towers in an effort to track criminals and fugitives, but that also winds up scooping up identifying data about innocent Americans, according to a Wall Street Journal report. Article

And finally… a Jakarta commercial court judge has given Indonesian telecom operator PT Bakrie Telecom Tbk 30 days to negotiate a restructuring plan with its creditors. Story