Oracle looks set to reduce its European workforce by between 850 to 1,000 European employees, according to the French union CFDT. The union said on its blog that 250 positions would be eliminated in France. It added that Oracle told the union of bigger plans to cut workers due to forecasts that growth in Europe would be slower than expected.
Private equity firm MatlinPatterson Global Advisors is looking at putting together a consortium to launch a rescue bid for the entire assets of Nortel Networks, the FT reports.
The company has emerged as one of Nortel’s biggest creditors, owning 10% of Nortel’s debt.
An Indian high court has directed BSNL to scrutinize its decision to disqualify Nokia Siemens Networks from its GSM tender process, following a court challenge from the vendor.
Telecom Italia and 3 Italia will share mobile infrastructure assets under a “co-siting” agreement. Under the deal each operator will maintain ownership of its infrastructure and will also house the radio mobile stations of its partner with the objective of optimizing national network coverage.
ZTE has been contracted to build a GSM/UMTS network for Germany's first mobile virtual network enabler, Vistream.
Ericsson has requested LHS shareholders pass a squeeze-out resolution at the next meeting, after announcing it has acquired more than 95% of the billing and customer service solution provider.