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Business

Vodafone to create separate towers company

LONDON: Vodafone Group Plc plans to carve out its phone towers into a new business and consider an initial public offering or minority stake sale to lower debt.

Business

T-Mobile and Sprint plan concessions to get US$26.5bil merger cleared

NEW YORK: T-Mobile US Inc and Sprint Corp are planning to announce commitments to the US government including asset sales and rural-service guarantees to help secure regulatory approval for their US$26.5bil merger, according to sources.

Business

Rift between US, European carriers on Huawei issue

WASHINGTON: A group representing top US mobile service providers disagreed with European counterparts over alleged security threats from Chinese equipment maker Huawei Technologies Co ahead of a conference that will highlight a US-Europe divide on the issue.

Business

SoftBank telco suffers slump on debut

Japan’s biggest IPO tumbles on concern over service outage, exposure to Huawei

Business

China Tower files for US$10bil Hong Kong IPO

HONG KONG: China Tower Corp, the state-owned wireless infrastructure operator, filed for an initial public offering in Hong Kong that could match the city’s biggest since 2010.

Telcos

SoftBank tops estimates as Sprint delivers income

TOKYO: SoftBank Group Corp’s fourth-quarter profit topped analysts’ projections, thanks to Sprint Corp’s first annual net income in more than a decade. The US wireless subsidiary is planning to merge with rival T-Mobile US Inc.

Business

T-Mobile to buy Sprint for US$26.5bil

Carriers to build next-generation wireless network and get a jump on bigger rivals

Business

Major setback for Broadcom to consolidate chip industry

SAN FRANCISCO: Broadcom Ltd chief executive officer Tan Hock Eng won over Qualcomm Inc shareholders to his plan for consolidating the chip industry. The US government barely even heard him out.

Business

Major setback for Broadcom CEO Tan's plan to consolidate chip industry

SAN FRANCISCO: Broadcom Ltd. Chief Executive Officer Tan Hock Eng won over Qualcomm Inc. shareholders to his plan for consolidating the chip industry. The U.S. government barely even heard him out.