The Spanish Ministry of Industry has begun the process of revoking Xfera's 3G UMTS license because it may not meet the roll out deadline to start 3G operations by this summer. News came to light yesterday that the struggling company was about to cut some of its workforce and freeze its 3G network deployment while it looks for a business partner to bring in some funds. Last year, TeliaSonera abandoned Xfera to invest elsewhere, while Vodafone sold its nearly 7 percent stake to shareholders in 2004.
For more about Xfera's struggles:
- check out this report from telecoms.com (sub. req.)