Telcoflash: Telecom Market News

Alcatel and Telstra have signed a Memorandum of Understanding under which they will negotiate formal agreements as part of a strategic agreement, worth about €2,2bn over five years, concerning the operator' s ground breaking IP network transformation...

Oger Telecom and Turkey signed agreement on the purchase of 55% of Turk Telecom for $6,6bn. Telekom Malaysia, through its Dialog Telekom unit, will buy MTT Network (Sri Lanka) for about $19m, to expand its broadband services in Sri Lanka. Bell Mobility,...

France Telecom has been selected by Capgemini to manage Schneider Electric's Telecom in Europe in a deal worth €200m over 9,5 years. France Telecom introduces a new service: “Mon Magneto” , a personal digital video recorder allowing 40hours of recording,...

Telenor (Norway) continues its struggle against Alfa Group (Russia) on Vimpelcom' s strategy. It has decided to go into arbitration over alleged breaches by several Alfa group affiliates( Eco and CTF) of a shareholder agreement related to the nomination...

Bangladesh's GrameenPhone has crossed the 5m subscriber-mark milestone (from 2,4m users at the beginning of the year). By the end of Sept. 2005, Egypt had 12m mobile and 10.3m fixed line subscribers (teledensity of 14%). While the fixed-line subscriber...

JazzTel (Spain) lost €50m in the 9-month period (down 312%) on revenues of €59m, up 19%. EBITDA stood at €35m. MTS (Russia) reported RAS 9-month net profit of $421m, up 4%, on revenues of $1,93bn (up 24,5%). Vodacom (S. Africa) posted net profit of $349m...

Telstra has announced plans to cut up to 12,000 jobs over five years as part of a major restructuring program. AT&T: Ed Whitacre, chairman and CEO of SBC, will fill the same roles at the new AT&T. A "superior" team is formed with James Callaway, president...

Swisscom plans 260 job cuts in 2006 to cut costs. JDSU announced it is cutting another 380 employees. Telstra has slashed about 1,000 jobs in the past two months. AT&T CEO quits. David Dormann leaves with a package of $30m.

India' s COAI reported a record subscriber growth of more than 2m mobile subscribers during the month of October'05 to a total of 53m. Bharti has 28% market share, BSNL 23,6%, Hutchison 19,2% and Idea 12%. All other operators have market share below 5,5%....

NTT (Japan) reported FY 1H (March- Sept.) net profit of $2,8bn (-4%), on revenues of $44,4bn, down 1,7%. VOIP and cheaper services have hit NTT' s earnings in both fixed lines and mobile operations. BT posted 3Q05 revenues of €7,1bn, up 5%); pre-tax profit...