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FCC overturns net neutrality

2017-12-14 20:17:00| Telecompaper Headlines

(Telecompaper) The Federal Communications Commission has overturned net neutrality rules, saying the regulatory framework will go back to the "light-touch" that allowed the internet to flourish for nearly 20 years. The rules were voted in in 2015, also to increase transparency requirements for consumers. The FCC said the new vote also covers "robust" transparency requirements that will work for consumers and help government better oversee the conduct of broadband providers.

Category: Telecommunications

Yandex, Sberbank agree to set up Yandex.Market e-commerce joint venture

2017-12-14 15:46:00| Telecompaper Headlines

(Telecompaper) Russian internet search engine Yandex has concluded an agreement with Sberbank on the launch of a joint venture based on the Yandex.Market platform. Under it Sberbank will subscribe for new shares in Yandex.Market for RUB 30 billion, valuing it at RUB 60 billion on a post-money basis, before taking into account any potential future synergies. The two partners will own equal stakes in the company, with 10 percent of the shares to be issued to an equity incentive foundation and allocated for future grants of equity awards to management and employees of Yandex.Market.

Category: Telecommunications

Disney buys 21st Century Fox for USD 52.4 bln in stock

2017-12-14 13:25:00| Telecompaper Headlines

(Telecompaper) The Walt Disney Company said it has agreed to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses and the company's debt, for USD 52.4 billion in stock, subject to adjustment based on tax liabilities. The price implies a total transaction of USD 66.1 billion. Before the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders. Bob Iger will remain chairman and CEO of The Walt Disney Company through 2021. The acquisition is expected to yield at least USD 2 billion in cost savings from efficiencies realised through the combination of businesses.

Category: Telecommunications

Telstra picks up $72 million of spectrum in Australian auction

2017-12-14 01:00:00| Total Telecom industry news

Australian network operator Telstra has spent $72 million (£41 million) on additional mobile spectrum, in a move aimed at strengthening its data service capabilities and provide a solid backbone for its 5G offerings in the future. Telstra picked up 17 of the 39 lots available at this week's spectrum auction in Australia…read more on TotalTele.com »

Category: Telecommunications

UK must act to meet rural demand for superfast connectivity

2017-12-14 01:00:00| Total Telecom industry news

 Britain must act now to ensure its rural communities and businesses are not left behind when the next generation of fixed line and mobile broadband services are rolled out, according to an industry report. 5G and full fibre fixed line services have the capacity to dramatically boost operational efficiency in a whole host of industries…read more on TotalTele.com »

Category: Telecommunications

Liquid Telecom forms new partnership in Zambia

2017-12-14 01:00:00| Total Telecom industry news

CEC Liquid Telecommunications has formed a partnership with tech hub BongoHive to invest in Zambia's emerging Internet of Things and gaming markets. CEC Liquid Telecommunications will provide high speed internet access and cloud based services to start ups and entrepreneurs at BongoHive in the southern African state…read more on TotalTele.com »

Category: Telecommunications

Gemalto soundly rejects Atos bid

2017-12-13 23:05:00| Telecompaper Headlines

(Telecompaper) Gemalto has soundly rejected the EUR 4.3 billion takeover bid from Atos, saying it is best positioned to grow successfully and create long term value on a standalone basis. Gemalto said the bid undervalues the company's past share price averages and its future potential as it successfully transitions from traditional banking and telecom smartcard markets to fast-growing government, enterprise & cybersecurity and machine-to-machine markets. The bid price also doesn't reflect the potential synergies that would come from a combination with Atos, which Atos itself believes to be substantial. Gemalto CEO Philippe Vallee said that as it nears transition end, the company will be presenting a new "ambitious and substantial" development plan that will focus on the next generation of digital security for companies, governments and citizens worldwide.

Category: Telecommunications

Deutsche Telekom, EWE set up FTTH jv to deliver broadband to 1 mln homes

2017-12-13 14:33:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom and German regional utilities provider EWE have signed a declaration of intent to establish a joint venture to expand the fibre-optic network in northwestern Germany and deliver broadband internet to over 1 million households via FTTB/FTTH. The two companies will each own hold a 50 percent stake in the planned joint venture, which will invest up to EUR 2 billion in network expansion over a ten-year time frame in the states of Lower Saxony, North-Rhine Westphalia and Bremen. The joint venture will prioritize rural areas in these states when its planned operations begin in mid-2018. 

Tags: set homes deutsche deliver

Category: Telecommunications

Airtel sells stake in DTH unit to Warburg Pincus for USD 350 million

2017-12-13 09:42:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel announced that an affiliate of private equity firm Warburg Pincus will acquire a stake of up to 20 percent in Bharti Telemedia, the DTH arm of Airtel. The acquisition price reaches around USD 350 million. Of this, a 15 percent stake will be sold by Bharti Airtel and the balance by another Bharti entity which holds 5 percent. 

Tags: million unit usd sells

Category: Telecommunications

AT&T starts testing AirGig fixed-wireless broadband over power lines

2017-12-13 08:58:00| Telecompaper Headlines

(Telecompaper) AT&T announced the start of trials of AirGig, its system for fixed-wireless broadband over aerial power lines. The trials are with the company Georgia Power in the US state of Georgia and in an unnamed international location, also with an electricity company. 

Tags: power lines testing att

Category: Telecommunications

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