VimpelCom to Acquire Mobile Operator in Vladivostok for US$420M

VimpelCom agreed to acquire 100% of the shares of Open Joint-Stock Company "New Telephone Company" ("NTC") from KT Corporation and Summit Telecom Global Management B.V., subsidiary of Sumitomo Corporation, for US$420 million.NTC is a leading mobile operator in the Primorskiy region of Russia and provides voice and data services through a wide range of wireless, fixed and broadband solutions as well as IPTV and IP–telephony. In 2010, NTC recorded...

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NBNCo Signs $200m deal with Optus for Interim Satellite

Australia's NBN Co. awarded a five-year contract valued at up to $200 million to Optus to supply managed services for the national broadband network's Interim Satellite Service.NBN Co plans to offer a wholesale Interim Satellite Service capable of peak download speeds up to 6 Mbps, to be available via participating retail service providers. The first service are expected to be available across Australia and Tasmania beginning in July.The interim...

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Open Networking Foundation Gains Key Members

The Open Networking Foundation (ONF), a new, industry organization dedicated to promoting OpenFlow as a means to enable Software-Defined Networking (SDN), has added nine new members: Big Switch Networks, Comcast, Extreme Networks, IP Infusion, Netronome, Nicira Networks, Nokia Siemens Networks, Plexxi Inc., and Vello Systems. These companies join the six founding member companies: Deutsche Telekom, Facebook, Google, Microsoft, Verizon, and Yahoo!,...

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U.S. Cellular Sets Initial LTE Rollout

U.S. Cellular announced plans for an initial rollout of LTE service for later this year in selected cities in Iowa, Wisconsin, Maine, North Carolina, Texas and Oklahoma. These include some of U.S. Cellular's leading markets such as Milwaukee, Madison and Racine, Wis.; Des Moines, Cedar Rapids and Davenport, Iowa; Portland and Bangor, Maine; and Greenville, N.C. "With 4G LTE, our customers will have faster connections to the people, information...

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Deutsche Telekom Reports Mixed Picture for Q1

Deutsche Telekom confirmed its financial guidance for the full year 2011, as it reported an overall decline in Q1 revenue of 3% compared to a year earlier, positive developments overall in Germany and at T‑Systems, while the companies in the Europe operating segment faced a host of challenges, as did T-Mobile USA. Free cash flow decreased by 26.3 percent to EUR 1.1 billion in the first quarter of 2011. This was largely due to different seasonal influences...

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ALU Posts Strong Q1 Driven by Wireless in North America

Alcatel-Lucent posted strong results for Q1 2011 with revenue Euro 3.740 billion, up 15.2% year-over-year and down 23.1% sequentially. Adjusted gross profit came in at Euro 1.354 billion or 36.2% of revenues."We have started this year the way we ended the last, increasing growth, profit and global strength, and to do so in the first quarter is particularly pleasing. A favourable geographic and product mix impacted positively our gross margin while...

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