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BUSINESS NEWS.(A)
Nextel lowers loss, to slash staff
Nextel Communications lost 56 cents a share in the first quarter vs. a 59-cent loss a year ago. It beat views by a penny, as it added 695,400 global subscribers in the quarter. But the wireless operator plans to trim 5% of its work force, or 850 jobs, to cut costs. Its sales rose 48% to $1.74 billion.
BT dumping stakes on Vodafone
British Telecom plans to sell investments in Japan and Spain to rival Vodafone to slash $5.72 billion from its $43 billion debt. The two firms said BT looks to sell its 20% holding in Japan Telecom, the country's No. 3 carrier.Vodafone already owns 25% of Japan Telecom. BT is also in talks to sell its 20% stake in Japan Telecom's J-Phone mobile unit. Vodafone also wants to buy BT's 18% stake in Spanish mobile operator Airtel, adding to its 73% stake. BT'sshares bounced 5.95, or 7%, to 86.85. Vodafone's lost 1.15, or 4%, to 29.13.
The wireless phone industry will reap $1 trillion in global sales between now and 2010, much of it derived from 3G wireless service, said a study from industry group UMTS Forum.
Deutsche Telekom gets final OK
on buy of VoiceStream Wireless
- Japan Telecom Deploys Contact Center On-Demand Services Based on CosmoCom...
- Press release article from: Business Wire March 15, 2005 700+ words
...announced today that Japan Telecom has deployed Contact...proud to be a part of Japan Telecom's solution package...amp; Wireless, Deutsche Telekom, ePLDT, France Telecom, KT, NTT, Japan Telecom, Eagle IP, and VSNL...
- Deutsche Telekom To Sell Cable TV Business.
- Press release article from: PR Newswire June 21, 2001 700+ words
...June 21 /PRNewswire/ -- Deutsche Telekom (NYSE: DT) today announced...assume control of all of Deutsche Telekom's remaining cable activities...represented by the companies Deutsche Telekom Kabel-Services GmbH...
- Deutsche Telekom Partners With Microsoft to Launch IPTV Services.
- Press release article from: PR Newswire March 21, 2006 700+ words
Agreement Will Provide Deutsche Telekom Customers With a Platform for...PRNewswire-FirstCall/ -- Deutsche Telekom AG has reached agreement with...The contract will enable Deutsche Telekom Group to deliver next-generation...
- Deutsche Telekom's Interest in Global One to be Acquired by France Telecom.
- Press release article from: PR Newswire January 26, 2000 700+ words
- Deutsche Telekom will invest the proceeds from the...Sommer: This is another example of Deutsche Telekom Taking clear strides in positioning...PRNewswire/ -- After negotiations with Deutsche Telekom (NYSE: DT) and Sprint, France...
- Deutsche Telekom and Infonet Services Corp. Finalise Global Communications...
- Press release article from: Business Wire May 9, 2000 700+ words
...Estimated at $1 Billion by Infonet; Deutsche Telekom to Sell Infonet's Full Portfolio...NYSE:IN) (FSE:IN) and Deutsche Telekom (NYSE:DT) have finalised an agreement which allows Deutsche Telekom to sell Infonet's full portfolio...
- Deutsche Telekom and 1GlobalPlace Announce Partnership.
- Press release article from: Business Wire September 30, 2001 700+ words
...Registration in Over 200 ccTLD Extensions to Deutsche Telekom's Enormous Client and Reseller Base Deutsche Telekom (NYSE:DT), Europe's largest...Under the two-year contract, Deutsche Telekom and its subsidiaries, partners...
- Deutsche Telekom AG and Check Point Software Join Forces in Managed Internet...
- Press release article from: PR Newswire October 28, 1997 700+ words
...management solutions, today announced that Deutsche Telekom will standardize on Check Point...Internet, intranets and extranets. Deutsche Telekom, Europe's largest telecommunications...Under the terms of the agreement, Deutsche Telekom and Check Point will collaborate to...
- Deutsche Telekom plots [pounds sterling]18bn takeover of O2.
- Newspaper article from: Sunday Business (London) September 25, 2005 700+ words
...Glover Sep. 25--German phone giant Deutsche Telekom is believed to be plotting a takeover...that a bid is being lined up for O2. Deutsche Telekom, which owns T-Mobile in Germany...expectations were fuelled last week when Deutsche Telekom's chief executive, Kai-Uwe Ricke...
