According to Speedtest.net, 30 countries including Moldova and Uruguay have faster Internet than the United States. Google Inc. has began building its fiber network in Kansas. A nationwide Google Fiber rollout, however, may cost USD1 billion.
Valuation results in 3Q13 showed a noticeable increase over 2Q13, including the greatest difference between up and down rounds in over six years. The software industry was especially strong, not only valuation-wise, but also in the number of deals.
Despite investor criticism it received for paying more investment attention on its non-core division, Gazprom announced on Tuesday in a joint statement that it had acquired Profmedia from metals tycoon Vladimir Potanin.
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.
The acquisition by Virgin Connect-affiliate Trivon AG of The MegaMax Group in the Nizhny Novgorod region of Russia dispelled a rumor about the former's business in trouble in the region.
Line, a message app based in Japan, proudly announced at a press conference in Tokyo that it has added another 100m people to its registered user count, totaling the number of registered users since its launch at 300 million. It hopes to hit 500 million registered users by 2014.
According to Xinhua, China Mobile will be the first carrier to provide 4G LTE in China starting Dec 18th. It would certainly boost Apple, of which the latter is eager to regain a significant market share that was lost to Android, said TechCrunch.
A joint bid that would later split up Time Warner Cable between Comcast Corp and Charter Communications Inc may allow the deal to avoid strict scrutiny from antitrust regulators and the Federal Communications Commission.
Telecommunications and information technology (IT) service provider Coms PLC announced that it has completed the acquisition of Redstone Converged Solutions Ltd in a deal valued at GBP9.5 million.
France-based phone firm Orange is nearing an agreement to exit its unit to Luxembourg-based cable and telecommunications investor Altice, according to sources interviewed by Bloomberg.
AT&T, Verizon Communications, and even tech companies like Google, Microsoft and Yahoo had been pushing for the US government to allow them to publish surveillance orders to appease shareholders in light of the revelations by NSA whistleblower Edward Snowden.
Microsoft Corp. is set to secure a European Union (EU) approval for its proposed USD7.3 billion takeover of Nokia's mobile phone business. Regulators from various countries had already given the green light to the deal.
France-based multinational mass media and telecommunication firm Vivendi took a pause from big acquisitions to decide on how to spend the remaining USD14 billion from asset sales after cutting debt.
iPhone maker Foxconn Technology Group said it plans to invest USD40 million in Pennsylvania for the development of robotics and a high-tech manufacturing facility for telecom and internet equipment.
Charter Communications was reportedly nearing an agreement with investment banks to borrow money for its bid for Time Warner Cable Inc. Charter has held talks with Bank of America Corp., Barclays Plc and Deutsche Bank AG.
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