Global operator strategies - 24/06/06

iTunes (Apple) should be in talks to distribute videos and films.

PCCW confirms two bids, from Australian Macquarie Bank and US equity firm Newbridge Capital, to buy its telecommunications and media assets. The deal is estimated to $7bn. China Netcom (20% stake in PCCW) has already objected the deal.

The EU Commission could announce next week new plans to reduce price controls and regulation for the telecoms market in 7 of the 18 telecom regulated markets.

Telefonica mulls sale of its 10% stake in Portugal Telecom for about €1bn. It will also merge with TEM (Telefonica Moviles), its mobile arm.

OTE has received 10 non-binding offers for its 90% stake in ArmenTel, and will select four.