Microsoft as made an unsolicited $44.6bn bid for Yahoo. The goal is to challenge rival Google. In another move, Microsoft invest $250m in FaceBook, the social networking portal.
Rumor: Sprint Nextel and Clearwire back again around the table! They would discuss WiMAX co-operation and have aligned on common network architecture. Sprint Nextel, however, is also looking at partners to fund its nationwide high speed wireless network. In addition to Clearwire, the names of Google, Intel and SK Telecom are circulating.
Vodafone is interested to invest in the mobile segment of Bangladesh.
VTEL (Dubai) has bought GSM and WiMAX license holder Africa Cellulaire (Africell) in Burundi.
Teliasonera continues overseas restructuring with the buyout of an additional 14.3% holding in Georgian cellular service provider Geocell, for $33m, to 97.5%, but also the sale of 26% stake in its 100% owned Uzbekistan-based mobile firm for $50m in cash.
China Telecom is planning to buy China Unicom CDMA network. An agreement should have been reached between the two companies. The deal would be announced in March.
Celcom (S. Africa) has bought a 50%+ interest in the business of Nile Com (Uganda).
PT Multimedia (Portugal) changes name to Zon Multimedia
Telecom Italia abandons plans to spin off its fixed network.