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VimpelCom signs deal to sell 51% of Orascom Algeria

(Telecompaper) VimpelCom and Global Telecom Holding (GTH) have signed an agreement to sell 51 percent of their subsidiary Orascom Telecom Algeria (OTA) to Algerian National Investment Fund FNI for USD 2.64 billion. OTA, which uses the Djezzy brand, wil…

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Telus agrees new bid for Mobilicity

(Telecompaper) Mobilicity has reached a new agreement to be acquired by Telus for CAD 350 million. Mobilicity has been under protection from creditors since September last year. Last year it agreed a sale to Telus for CAD 380 million, but the deal was blocked by the Canadian government, which said it would not allow one of the new entrants on the mobile market after the spectrum auction in 2008 to be swallowed up by a larger incumbent. After the five-year moratorium on spectrum sales expired, Mobilicity said it expects the new transaction to gain regulatory approval, as it should not impact competition. The sale to Telus is expected to provide continuity of service for its 165,000 customers as well as its staff and suppliers. The company said it attracted five bidders in its sale process, with only Telus’ offer deemed acceptable. Approximately 95 percent of the holders of Mobilicity’s senior unsecured debt due 2018 support the transaction and have agreed to vote in favour of the plan. Completion also remains subject to court approval. 

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AT&T wins multi-site Ethernet, unified communications deal with SCHOTT

AT&T has put another multi-site business contract into its win column by securing an $8 million deal to provide SCHOTT AG network connectivity to all of its production plants, data centers and corporate offices.

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Tracking Q1 2014 wireless earnings trends

The first-quarter 2014 earnings season is underway and FierceWireless is capturing all of the action. Tune in to stay up to date as the FierceWireless team covers the earnings of wireless carriers, handset makers, network infrastructure provi…

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Integra secures seat on GSA Region 8 contract

Integra has added another arrow to its growing government contract quiver by winning a Local Integrated Services Acquisition (LISA) contract from the General Services Administration (GSA).

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Lightpath surpasses 7,000 on-net building milestone in New York metro area

Lightpath has further solidified its growing presence in the New York metro Ethernet services market by announcing that its fiber network now reaches more than 7,000 buildings and spans more than 5,800 route miles.

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ZTE Q1 profit triples, revenue rises 5.5%

(Telecompaper) ZTE reported first-quarter profit more than tripled, as the company posted increased revenue amid growth in the global 4G market. Net profit was CNY 622 million, up 203.5 percent from the prior year. Basic earnings per share were CNY 0.18, at the top end of the forecast issued by the company. Revenue rose 5.5 percent to CNY 19.05 billion. 

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Orange mobile money customer base hits 10 mln

(Telecompaper) Orange announced it has signed up 10 million subscribers for its Orange money service in Africa, which is now available in 13 countries, including Botswana, Kenya, Uganda, Mauritius, and Egypt (under the name Mobicash). CEO Stephane Richard gave a bonus to the 10 millionth customer of Orange Money in Senegal. Kanny G., who had gone to an Orange Money outlet to open an account, was surprised to learn that she had won a smartphone with an Orange Money credit of EUR 152. In 2013, more than EUR 2.2 billion in transactions were conducted through Orange Money. In some countries, such as Cote d’Ivoire, more than 40 percent of all Orange customers have an Orange Money account. 

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MTN enters new phase with competitor strategy

Following months of strategic consideration and customer research, MTN has developed a competitor strategy that is underpinned by new and exciting consumer propositions that will transform the consumer landscape. Brian Gouldie, Chief Marketing Officer for MTN South Africa, explains MTN has been hard at work reviewing its strategy in order to remain competitive. Gouldie says

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Verizon lures new subs with $50 HBO, FiOS broadband bundle

Verizon is appealing to new potential FiOS subscribers with a new $50 video, broadband promotional bundle, but customers will need to be prepared for the price jump when the promotional period ends.

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