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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Italy’s biggest phone group Telecom Italia (TIM) is asking infrastructure funds to come up with bids next week for the assets of smaller broadband rival Open Fiber that will include its own last-mile network, sources said. The former monopoly is pressing ahead with plans to find one or more funds…

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South Africa’s Telkom SA said on Friday it is in talks over a potential takeover of Cell C, the country’s third biggest mobile carrier that has been grappling with hefty debts. Telkom, which is 40% owned by the state and is itself struggling with an increasingly costly debt burden, said…

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Deutsche Telekom is keen to float or find a partner for its mobile towers assets, Chief Executive Tim Hoettges said on Wednesday, lavishing praise on Spain’s Cellnex (CLNX.MC) for its role in developing the telecoms infrastructure business. Europe’s largest telecoms group carved out its Deutsche Funkturm towers unit years ago…

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Telia won conditional EU antitrust approval on Tuesday for its $957 million bid for Bonnier Broadcasting, a deal the Swedish telecoms firm hopes will help it better compete with the likes of Netflix and Amazon. The European Commission said Telia had offered a series of concessions to address its concerns,…

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Israel's Communications Minister has approved the sale of a controlling share in the country's largest telecom group, Bezeq, to the foreign private investor group Searchlight Capital Partners, Bezeq's parent company said on Monday. Searchlight, which has offices in New York, London and Toronto, has offered to inject 640 million shekels…

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Telecom Italia (TIM) plans to spin off its data center operations and look for an investor ahead of a potential market listing, it said on Friday, after announcing a partnership with Google to develop its cloud business. The move is part of a plan by Chief Executive Luigi Gubitosi aimed…

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T-Mobile US Chief Executive John Legere on Thursday acknowledged talks are ongoing with Sprint Corp (S.N) to extend their merger agreement, but he declined to rule out requesting the $26 billion price be reduced. The T-Mobile-Sprint deal, announced in spring 2018, has won regulatory approval from the Justice Department and…

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Magyar Telekom is testing high-speed 5G mobile network technology with several suppliers, including Huawei, it said, adding however that it had not entered into an agreement with the Chinese firm to build up its entire local network. Hungarian telecoms regulator NMHH had registered Magyar Telekom as a participant in a…

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The US telecom regulator Tuesday approved the merger of T-Mobile and Sprint, moving the tie-up of the third- and fourth-largest US carriers closer to completion. The Federal Communications Commission cleared the $26 billion deal three months after approval by US Justice Department antitrust officials. The 3-2 FCC vote is conditioned…

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Chinese telecoms equipment maker Huawei will maintain robust business growth in the absence of U.S. supply and does not rely on any U.S. technology and components for 5G, board director William Xu said on Monday. Speaking at a news conference on innovation in Paris, Xu also said he would definitely…