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Philip Falcone

Philip Falcone's Harbinger asks bankruptcy court to reject Dish's bid for LightSquared

Harbinger Capital Partners, controlled by American investor Philip Falcone, has asked the US Bankruptcy Court in Manhattan to reject Dish Network Corp.'s $2.2 billion takeover bid for bankrupt satellite firm LightSquared Inc.

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BigAir Group Limited

Australian telecom firm BigAir to add Anittel Communications in $6.5M deal

Australia-based wireless network provider BigAir Group plans to add telecommunications firm Anittel Communications Pty Ltd (ACPL) from Anittel Group Ltd in a deal valued at $6.5 million.

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Tata Teleservices Ltd.

Tata Teleservices rallies 14.79% following reports on stake sale talks with Vodafone

Shares in Tata Teleservices rallied to as much as 14.79% on Friday following news on buyout talks with British telecom company Vodafone. Indian conglomerate Tata Group is reportedly in talks with Vodafone to sell its 59.45% stake in Tata Teleservices.

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Italian daily says Telefonica planning joint offer for TIM Participacoes- report

Italian newspaper Il Sole 24 Ore said Telefonica is planning a joint offer of TIM Brasil, the local wireless unit of Telecom Italia, Reuters reported.

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Syrian Electronic Army claims credit for hacking social media accounts of Skype

The hacker group who called themselves the Syrian Electronic Army said they were the ones that attacked the social media accounts of Microsofit-owned Internet calling service Skype, Reuters reported.

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A person holds Russian rouble notes

Angel investment in Russia quadrupled this year - study

Angel funding in Russian companies were 4.5 times more than funding from angel investors in 2012, according to a joint study by National Association of Business Angels (NABA), Atom Partners and RVC.

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Embratel Participacoes

Brazil's Embratel to invest $944M in Mexico's Claro

Brazil-based fixed-phone company Embratel Participacoes will pour in BRL2.2 billion ($944 million) into Mexico-based mobile phone company Claro as part of a plan to merge the group's fixed and mobile divisions.

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Norway's Telenor increases stake in India's Telewings to 74pct

Norway-based firm Telenor has bought additional shares worth INR1,000 crore in India-based telecom firm Telewings Communications, bringing its ownership in the Indian firm to 74%.

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Sprint's shares rise due to rumored merger with T-Mobile

Sprint Corp's shares climbed as much as 15% earlier in trading day today as speculation that it will be merging with rival T-Mobile US Inc rises, said a Bloomberg report.

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PT Indosat

Indonesian telecom firm Indosat to exit minority stake in Tower Bersama

Indonesia-based mobile network operator PT Indosat aims to offload its minority stake in telecommunications tower firm PT Tower Bersama Infrastructure (TBIG) early next year, according to the company's finance director.

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Microsoft Corp

Chinese mobile makers asks regulators to ensure Nokia takeover will retain patent fees - sources

Huawei Technologies Co and ZTE Corp have asked regulators to make sure that Microsoft's takeover of Nokia's handset business will not result to increased patent fees in wireless technology, according to sources who talked to Bloomberg.

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China telecommunications

Pilot scheme to open and improve mobile telecoms market gets approval in China

A total of 11 companies, including a subsidiary of online retail giant Alibaba obtained approval from Chinese authorities to be able to purchase mobile services from major providers and repackage them to offer to end users, the Ministry of Industry and Information Technology (MIIT) said on Thursday.

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Softbank Corp

Japan's Softbank to tap US bond market to fund T-Mobile acquisition -report

Japan's Softbank Corp is likely to tap the US bond market to fund the $20 billion acquisition of US wireless carrier T-Mobile, according to a report by the Nikkei business daily.

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Taiwanese regulator slaps TW$20 million fine on Apple Inc for restricting prices

The Fair Trade Commission of Taiwan slapped a TW$20 million fine on Apple Inc for violating the country's fair trade laws when it restricted the prices of local telecom carriers for iPhone contracts.

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SoftBank gets closer to buying T-Mobile -report

Japan-based SoftBank Corp is in final stages of talks with T-Mobile parent company Deutsche Telekom about acquiring the U.S.-based wireless carrier

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