News In Brief: Telefonica, Alca-Lu, Vodafone, Sonaecom, Telenor
Telefonica successfully placed a benchmark five-year Euro bond worth €1.4 billion yesterday. The bond issue was oversubscribed by four times, with 450 investors expressing interest, elEconomista reports.
Alcatel-Lucent has finished upgrading 22,000km of sub-sea cable linking the US with Latin America. The cable offers over 110Gbps of capacity, and will be used by Oi subsidiary GlobeNet to expand its wholesale services in Latin America.
Vodafone is expected to announce up to 500 job cuts at its headquarters in Newbury, UK, bringing staffing levels at the town down to 2,500.
Portugueseoperator Sonaecom saw its profit slump 77% to €3.1 million in Q4, but roundly beat analysts' expectations of a loss of €4.3 million.
Worldwide spending on semiconductor equipment is expected to surpass $29.4 billion (€21.57 billion) this year, a 76.1% growth from the year before, Gartner predicts.
Telenor-backed Indian cellco Uninor, which has launched GSM1800 services in eight circles, is planning to raise 94 billion rupees (€1.5 million) in debt for a network expansion.
VCOMM, a subsidiary of COMS that distributes internet telephony equipment, has become master distributor of WLAN switches from Extricom in the UK.
Swiss content protection specialist Nagravision is bringing HD television to rural Brazil, by supplying geo-control technology to Brazilian broadcaster Rede Globo. The technology will allow the TV firm to replace analogue receivers with HD-ready STB’s in rural areas, which allow localised content to be shown.
China Unicom wants to launch WiFi versions of Apple’s iPhone to compete with devices imported direct by consumers. The carrier was forced to turn WiFi off when it launched the iPhone in October, which lessened consumer’s interest, the Wall St. Journal reports
Batelco has been ordered to shut-down its operation in India after only two months, after the country’s Department of Telecom discovered it was importing infrastructure from ZTE without proper clearance. The carrier – a JV between Siva Group and Batelco – already has 500,000 subscribers, reports state.