NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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 U.S. wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger. The $26-billion deal won support from the U.S. Federal Communications Commission last week, but still needs approval…

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Italian broadcaster Mediaset has bought a 9.6% stake in Germany’s ProSiebenSat.1, effectively securing a seat at the table in any future discussions on creating a pan-European TV company. The news of the 330 million euro ($368 million) investment follows months of speculation that Mediaset, controlled by former premier Silvio Berlusconi’s…

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A group of potential buyers are preparing bids for prepaid wireless brand Boost Mobile in an upcoming sale valuing the offshoot of U.S. wireless carriers T-Mobile US Inc and Sprint Corp at up to $3 billion, interested buyers told Reuters. The $26 billion deal between T-Mobile and Sprint won approval…

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Vivendi’s pay-TV group Canal Plus said on Monday it would buy European rival M7 for about 1 billion euros ($1.12 billion) from private equity firm Astorg. The acquisition would expand Canal Plus’ presence on the continent to the Netherlands, Belgium, the Czech Republic, Slovakia, Austria, Hungary and Romania, it said…

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Pennsylvania’s Public Utility Commission on Thursday approved T-Mobile US Inc’s $26 billion purchase of rival Sprint Corp, bringing the megamerger one step closer to completion. The commission voted 3-2 to approve the deal, it said in a statement. The companies are still awaiting approval from the Justice Department’s Antitrust Division…

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Comtech Telecommunications Corp. announced today that during its third quarter of fiscal 2019, its Command & Control Technologies group, which is part of Comtech’s Government Solutions segment, received a $3.5 million follow-on, satellite service order from a major national security solutions provider. “This follow-on order demonstrates the continued importance of…

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Telecom Italia (TIM) should seek a way to keep control of its fixed-line network if it is merged with smaller infrastructure provider Open Fiber, the former phone monopoly’s chief executive said on Tuesday. Italy has been pushing for the creation of a single ultrafast broadband operator through a merger of…

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T-Mobile US Inc’s $26 billion acquisition of rival Sprint Corp appeared to win the support of a majority of the Federal Communications Commission on Monday, in a significant step toward the deal’s approval. FCC Chairman Ajit Pai, a Republican, came out in favor of the combination after the companies offered…

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Industry body COAI Wednesday said it favours minimum broadband speed of up to 2 Mbps (megabits per second) for 4G networks. Currently, the minimum broadband speed is 512 Kbps. Asked if the association was in favour of minimum broadband speed being prescribed at 2 Mbps, especially given the proliferation of…

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Vodafone Group Plc said on Monday that it had agreed to sell its New Zealand business for about 2.1 billion euros ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management. Vodafone is looking to consolidate its businesses in Australia and New Zealand, with…