Zain (ex MTC of Kuwait) will buy Orascom Iraq-based subsidiary Iraqna for $1.2bn.
ATT and Verizon Wireless have agreed to swap some wireless assets, after the acquisition of Rural Cellular Corp. (USA) by Verizon Wireless and of Dobson by ATT.
DoCoMo and KTF (S. Korea) will invest $200m for a 33% stake in U Mobile (Malaysia).
Google plans to unveil a new service: positioning without a GPS, with just a Google-Maps- equipped terminal and a 3G+ connection. The service is called MyLocation. In addition, Google also plan launching a new application for the iPhone, including Search, Gmail, Calendar and Reader.
SK Telecom (S. Korea) invests $1.8bn to buy almost 44% stake in hanarotelecom (S. Korea).
Chunghwa Telecom (Taiwan) plans to divest its 15% stake in Siemens Telecom to NSN for about $10m.
EU has succeeded, after months of negotiations, to end the funding round and the industrial round of the Galileo project in Nov. 07. Galileo is the European project for GPS. Now the workload and responsibilities are shared between members, but the project is late and would not be available before 2012 at best.
OTE (Greece) has sold its Infote unit for €300m to private equity firm Rhone Capital and Zarkona Trading.
Vimpelcom (Russia) said it is in talks to takeover Golden Telecom (Russia).
Altimo is selling 50% of its 13%+ stake in Turkcell.
Orascom said it will sell its 14%+ stake in Hutchison Telecom International (HTIL) for over $961m.
BT will acquire Singapore IT services firm Frontline Technologies for about $140m.
China Mobile goes Green: future procurement should be only for energy-saving telecom equipment. 15 vendors are listed, all well-know, except Nortel and ZTE