Cellular telephone services
Vodafone is on the cusp of becoming Britain's largest company after a prolonged battle over a massive takeover of Germany's Mannesmann, with a deal valued at £79 billion. The takeover, which could be finalized as early as this week, will see Vodafone, the largest mobile phone
Cellular telephone services
Vodafone's bid to capture Mannesmann has sent shockwaves through the telecommunications industry. In a surprise move, the UK-based company forged an extensive Internet alliance with Vivendi SA, a firm touted as likely to rescue Mannesmann from the hostile takeover. The alliance includes a joint venture to develop a
Cellular telephone services
German Chancellor Gerhard Schroder is leading the country's establishment figures in opposing Vodafone's unsolicited takeover bid for Mannesmann, warning that hostile takeovers can damage corporate culture and undermine the target company over the long term. The move marks a significant test of Germany's commitment
Cellular telephone services
Asian markets ended on a mixed note, with Tokyo and Hong Kong bucking the trend to post significant gains, following the record close of the Nasdaq. Japan's blue chip Nikkei 225 index reached its highest level since August 26, 1997, closing at 18,822.12, while Hong Kong&
Cellular telephone services
As the US software giant Microsoft continues its acquisition spree of strategic holdings in broadband cable operators, it is transforming into a content provider, poised to become one of the 21st century's most powerful media companies. The company's shift, driven by the vast revenue potential of
Cellular telephone services
Nokia has announced UltraSite, a complete triple-mode base station site designed to enable network operators to migrate smoothly to third-generation services while maintaining profitability and market position. This innovative solution supports both today's voice-dominated mobile communications and tomorrow's interactive mobile internet world, with the ability to
England
In a significant move, the England and Wales Cricket Board (ECB) has agreed to introduce central contracts for leading players, marking a key step towards rebuilding the national side. This decision comes in the aftermath of the 2-1 series defeat by New Zealand and aims to create a settled squad
Telecommunications industry
French telecom giant France Telecom has invested $1bn in UK cable operator NTL, giving it a 10% stake, as part of NTL's planned £8bn bid for the residential cable assets of Cable & Wireless Communications. This move raises the prospect of a bidding war for CWC's
Telecommunications industry
France Telecom has struck a deal with UK cable operator NTL, investing $1 billion for a 10% stake in the company. This alliance aims to help NTL finance a bid for Cable & Wireless Communications (CWC), potentially creating two of the UK's largest cable operators. However, this partnership
Telecommunications industry
Ameritech and MFS Communications Company have announced an agreement under which MFS will resell Ameritech local network communications services and features to certain business customers in the Chicago metropolitan area. This agreement complements Ameritech's commitment to local communications competition, which benefits customers, creates real choices, and unleashes market
Telecommunications industry
The second MobileCom exhibition is set to be held at Sydney's Darling Harbour Exhibition and Convention Centre, showcasing the latest digital and analogue phones from leading manufacturers such as Ericsson, Nokia, Sagem, Alcatel, and others. Alcatel will be highlighting its new low-cost HC400 GSM digital phone, featuring a
Telecommunications industry
Karen M. Stewart has been appointed as the new vice president - Investor Relations at Telephone and Data Systems, Inc., effective immediately. She will report to Murray L. Swanson, the company's executive vice president - Finance. Stewart will lead the design and implementation of a comprehensive investor relations
