News In Brief: Wind, BBC, Adobe, Nortel, BT
Italian mobile operator Wind Telecomunicazioni, has announced plans to sell the biggest European junk bond since the onset of the GFC. The €2.7billon issue will be coordinated by Deutsche Bank, Credit Suisse and Banca IMI, while BNP Paribas, Calyon, Goldman Sachs, JP Morgan, Banca Monte dei Paschi di Siena, Royal Bank of Scotland and UniCredit are bookrunners.
BBC Worldwide Channels has entered into a carriage deal with SK Broadband that will see two of its channels launch in South Korea. BBC Entertainment and BBC Lifestyle will be available from 1 July 2009, with the deal also marking the first time BBC Lifestyle has been broadcast in South Korea.
Adobe Systems has placed its North American operations on enforced leave for a week as part of a cost-cutting measures. Adobe previously shut down for a week in April, and it will close North American operations for another week later in the year. The three shutdowns are in addition to the company's usual practice of closing North American operations for the week between Christmas and New Year's Day.
Nortel has formally launched the auction of its wireless businesses. NSN has opened the bidding at $650 million.
BT said it would integrate RIM's BlackBerry Mobile Voice System with its Communications Complete unified communications suite.