Yahoo! Finance: Telecom Services - Foreign Industry News

Egypt's Orascom drops case against France Telecom (AP)

Sun, 5 Jul 2009 09:56:56 Etc/GMT

Egypt's Orascom Telecom Holding S.A.E. said Sunday it was dropping its case against France Telecom over ownership stakes in Mobinil, the country's largest mobile phone service provider.

BT offers a year off for salary cut (at MarketWatch)

Sat, 4 Jul 2009 16:26:00 Etc/GMT

U.K. telecommunications group BT Group is offering workers a year off in return for 75% drop in salary.

BT offers staff time off in exchange for pay cut (AP)

Sat, 4 Jul 2009 14:42:48 Etc/GMT

Telecoms company BT Group PLC is offering staff a year off work in return for a 75 percent cut in that year's pay. BT is one of Britain's biggest companies, with more than 100,000 employees.

Deutsche Telekom pefers asset swap for UK unit:rpt (at MarketWatch)

Fri, 3 Jul 2009 09:00:24 Etc/GMT

Deutsche Telekom AG would prefer to swap an asset, perhaps in Central or Eastern Europe, for its T-Mobile U.K. business, to cushion the blow of pulling out of a big market, the Financial Times reported on Friday, citing two people familiar with the German telecoms giant's thinking.

[$$] Siemens Settles With World Bank on Bribes (at The Wall Street Journal Online)

Fri, 3 Jul 2009 02:35:01 Etc/GMT

Siemens Settles With World Bank Siemens agreed to forgo bidding on World Bank projects and pay more than $100 million toward anticorruption campaigns as part of efforts to settle a bribery scandal.

New Ulm Telecom, Inc. Announces the Sale of its Minority Interests in SHAL and En-Tel to Iowa Telecom (Business Wire)

Thu, 2 Jul 2009 18:30:00 Etc/GMT

Germany's Siemens to pay euro75M to combat corruption (AP)

Thu, 2 Jul 2009 15:23:44 Etc/GMT

German industrial conglomerate Siemens AG said Thursday it has agreed to pay euro75 million over 15 years to help bolster international anti-corruption efforts and to refrain from bidding for contracts under World Bank-financed projects until 2011.

Telmex Reacts to Rate Cuts (Zacks.com)

Thu, 2 Jul 2009 14:18:09 Etc/GMT

Telmex plans to sell MXN$8 billion floating-rate bonds to refinance its debt and meet general corporate purpose.

NTT America Announces Appointment of Global IP Network Vice President (Business Wire)

Thu, 2 Jul 2009 12:00:00 Etc/GMT

NEW YORK----NTT America, a wholly owned U.S. subsidiary of NTT Communications Corporation and a Tier-1 global IP network services provider, today announced the appointment of Michael Wheeler as the company's vice president of the Global IP Network Business Unit.

BridgewaterEquity.com Free Fundamental Sector & Market Research on CLS, BZH, MICC, ILMN, HSTX and FCEL (Marketwire)

Thu, 2 Jul 2009 11:55:00 Etc/GMT

Millicom Int'l gets inquiries on Asian assets (at MarketWatch)

Thu, 2 Jul 2009 06:39:16 Etc/GMT

Millicom International Cellular SA, the Luxembourg mobile-services provider, said that under a strategic review, a number of parties have expressed interest in its Asian assets. Millicom had retained Goldman Sachs for advice on the assets, which in the quarter ended March 31 earned $4 million on revenue of $68 million, the company said.

Millicom International Cellular: Strategic Review of Asia - Update (Business Wire)

Thu, 2 Jul 2009 06:19:00 Etc/GMT

NEW YORK & STOCKHOLM, Sweden----Millicom International Cellular S.A. , the global telecommunications company, today announces that the previously announced Strategic Review of its Asian assets is progressing according to plan.

[$$] India Says Oversight To Increase (at The Wall Street Journal Online)

Thu, 2 Jul 2009 04:29:41 Etc/GMT

Business India Says Oversight To Increase India's new corporate affairs minister is pushing to introduce a law designed to improve company disclosure, tighten accounting standards and clarify the role of independent directors.

[$$] NTT Expresses Interest in Deal With India's Tata (at The Wall Street Journal Online)

Wed, 1 Jul 2009 20:02:12 Etc/GMT

NTT Eyes Deal With Tata NTT Communications is considering investing in Tata Communications to increase its foothold in the fast growing Indian telecom market.

Telx and Tata Communications Forge Global Alliance (Marketwire)

Wed, 1 Jul 2009 16:33:00 Etc/GMT

Small Cap Industrial Equipment Manufacturers Look to Acquisition of Public Companies with Low Valuations (Wall Street Transcript)

Wed, 1 Jul 2009 16:06:00 Etc/GMT

67 WALL STREET, New York - July 1, 2009 - The Wall Street Transcript has just published its Industrial Equipment Report report offering a timely review of the sector to serious investors and industry executives. This 70 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Former Greek Siemens exec ordered held in Germany (AP)

Wed, 1 Jul 2009 14:37:44 Etc/GMT

A German court said Wednesday it has ordered that a former head of Siemens AG's Greek branch be kept in custody pending a decision on his possible extradition to face money laundering and bribery charges.

With Open Videopresence, Orange Business Services Frees Videoconference Uses (Business Wire)

Wed, 1 Jul 2009 13:00:00 Etc/GMT

PARIS----Orange Business Services introduces two fundamental changes to the videoconferencing market:

Two New Services for Telepresence, the Immersive Videoconference Solution from Orange Business Services (Business Wire)

Wed, 1 Jul 2009 13:00:00 Etc/GMT

PARIS----Less than a year after the launch of Telepresence, Orange Business Services introduces two new services to enrich this offer, available today in 104 countries, making it the world's largest coverage.

[$$] Areva to Boost Funding To Expand Nuclear Power (at The Wall Street Journal Online)

Wed, 1 Jul 2009 04:26:00 Etc/GMT

Areva to Raise Funds for New Plants French nuclear company Areva plans to increase capital and sells some assets to finance upgrades and new plants.