Ericsson has been selected as one of two suppliers for AT&T's wireline access products and services. Ericsson will offer AT&T full end-to-end system solutions and will closely collaborate on R&D.
Cable&Wireless said it had last year doubled the amount of business won in Asia-Pacific for the second consecutive year. The company added 15 new customers in the region over the period.
Nortel received competing bids for its enterprise business prior to Friday's deadline, but has yet to reveal how many, the source of the bids, or whether a bidder beat out stalking-horse entrant Avaya for the unit.
VimpelCom has secured a credit line agreement with Sberbank for 10 billion roubles (€221 million). The Russian carrier intends to use the proceeds from the loan for refinancing of its existing debt and development of VimpelCom's core business.
Telstra International said it would open a 10,000 square foot data hosting center in London. The facility, which will have an eight-figure price tag, is expected to open in Q4 2009.
Tech billionaire Tom Siebel, former CEO of Siebel Systems, revealed that he is recovering after being mauled by an elephant last month during a safari trip to Tanzania.
A UK court has issued an arrest warrant for Russian fugitive, Yevgeny Chichvarkin, who fled the country following allegations of kidnap and extortion at his former mobile phone retailer, Evroset (Euroset), Bloomberg reports.