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WiFi users

US ranks 31st in Internet speed list, nationwide Google Fiber network to cost USD11 billion

According to, 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.

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Silicon Valley

VC sentiment in Silicon Valley hit the highest level since the 2008 recession - report

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.

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Gazprom expands media business with Profmedia acquisition

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.

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Banco Popular

Top deals of the day - bids, mergers and acquisitions

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.

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Virgin Connect

Branson's Virgin Connect acquires Nizhny Novgorod telephone and broadband operator

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.

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Line hits 300 million registered users, targets 500 million in 2014

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.

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China Mobile

China Mobile will get 4G LTE first in China, to boost sales for Apple

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.

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Comcast Corp

Split of Time Warner Cable Inc may consolidate industry, circumvent regulatory challenges- report

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.

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Coms PLC

Coms PLC completes GBP9.5 million acquisition of Redstone

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.

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Orange SA logo

Orange nearing deal to exit Dominical Republic unit - sources

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.

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Edward Snowden

Shareholders pressure AT&T, Verizon and other companies over NSA spying activities

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.

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European Union

EU expected to give Microsoft a go-ahead for USD7.3 billion Nokia deal

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.

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Vivendi SA

Vivendi pauses from acquisitions to decide how to spend USD14 billion in savings

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.

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Foxconn Technology Group

iPhone maker Foxconn to invest in USD40 million in Pennsylvania

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.

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Time Warner Cable

Charter nears multi-billion dollar debt financing agreement for Time Warner bid

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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