The government on Tuesday denied any move to auction spectrum for second generation mobile services - a shift from the current subscriber-linked allocation policy.
“There is no question of that (2G auction)… I am not having any such intention,” Telecom Minister A Raja today told reporters here.
The Department of Telecom had earlier said a […]
uBid.com Holdings, Inc. whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., today reported that it will host a conference call to discuss second quarter 2007 financial results on Tuesday, August 14, 2007 at 4:30 P.M. ET. Hosting the call will be Robert H. Tomlinson Jr., […]
Verizon Wireless, the second-largest US mobile carrier, is to acquire Rural Cellular in a deal valued at $2.67bn that will expand its wireless service coverage in rural markets and add about 700,000 subscribers.
Ivan Seidenberg, Verizon’s chief executive, announced the deal on Monday as Verizon Communications unveiled strong second quarter earnings fuelled by Verizon Wireless, which […]
Rupert Murdoch’s News Corporation has admitted it is now “highly unlikely” it will proceed with its $5bn (£2.5bn) offer for the Dow Jones media group.
It said this was because of the reported present level of opposition from the Bancroft family, which owns 64% of Dow Jones’ voting shares.
With the Bancrofts expected to make a statement […]
European watchdogs have launched a formal investigation of German energy firm E.On and Gaz de France (GDF) over claims of anti-competitive practices.
The European Commission is studying whether the two agreed not to sell gas in each other’s home markets.
E.On and GDF said they were cooperating with the probe. They could be fined if they have […]
Share prices closed higher led by property stocks on expectations that a government land auction tomorrow will attract strong bids from major property developers.
Dealers noted that select other blue chips also attracted buying interest after sharp falls Friday, while HSBC (nyse: HBC - news - people ) rebounded from early losses as the bank prepares […]
Shares in ICI surged more than 6% this morning as the group rejected an improved offer from Akzo Nobel but said that it remains in talks with its Dutch rival.
The new offer, worth 650p a share, valued ICI at £7.7bn. This was an improvement on the 600p a share terms proposed last month but ICI […]
Dutch bank ABN Amro has withdrawn its formal support for Barclays’ 67.5bn euros (£45.4bn) takeover bid.
ABN Amro said it would not recommend either the Barclays bid or a rival 71bn euros offer from a group led by the Royal Bank of Scotland to investors.
It said it would ensure “a level playing field” between the bidders.
The […]
It is feared that Asian and European shares could fall further on Monday after New York’s Dow Jones Industrial Average fell 208 points on Friday.
The Dow had its biggest weekly fall since March 2003 after banks involved in big buyouts failed to find buyers for $20bn (£9.8bn) worth of debt.
That made investors wonder whether the […]
Spirit Finance Corporation (NYSE: SFC) (the “Company†or “Spirit Financeâ€) today announced that in connection with the anticipated completion of the merger with Redford Merger Co., which is owned by a consortium of investors including Macquarie Bank Limited, Kaupthing Bank hf. and other independent equity participants (collectively, the “Consortiumâ€), the Company declared a cash dividend […]
