Swisscom pays Vodafone $3.5 bln for mobile stake
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Swisscom AG  will repurchase a 25 percent stake in Swisscom Mobile from Britain's Vodafone Group Plc for 4.25 billion Swiss francs ($3.5 billion) in a long-awaited deal to fortify its home market position.
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Well, it looks like things are getting a bit more interesting regarding the Sprint/Nextel deal. It seems that Vodafone, which owns 45% of Verizon Wireless in the US, is supporting a move by Verizon to potentially buy Sprint PCS.
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The pound finished higher across the board, benefiting from merger and acquisition flows after news of Vodafone's 1.8 billion pound sale of its 25 percent stake in Swisscom Mobile.
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Mobile phone giant Vodafone   unveiled plans to return an extra 3 billion pounds (&#36;5.6  billion) to investors and hiked its dividends on Tuesday,  spicing a well-flagged new strategy to cut costs and embrace  new technology.
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TELCOS Optus and Vodafone Australia will combine to create a national 3G mobile network, just three weeks after rival Telstra Corp entered a similar deal.
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Sprint Corp. said Tuesday it reached multiyear agreement totaling $3 billion with Lucent Technologies Inc., Motorola Inc. and Nortel Networks Corp.
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BT Group Plc, the UK&#39;s largest phone operator, agreed to sell its stake in Eutelsat SA for 363 million pounds ($685 million) in cash, marking the company&#39;s exit from the satellite operating business.
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NEW YORK - Sprint Corp. said on Tuesday it would spend $US3 billion ($NZ4.2 billion) over the next three years to upgrade its mobile network including the development of high-speed Internet services.
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The cash-strapped airline Swiss said it had agreed on the terms for a crucial 325 million Swiss franc (210 million euros, 258 million dollars) credit facility with an international banking syndicate.
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BERN : Switzerland&#39;s main telecommunications operator, Swisscom, reported a 17.2 percent decline in its nine-month net profit compared to last year to 1.14 billion Swiss francs (734 million euros, 963 million dollars) in 2004.
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SYDNEY, AustraliaâFollowing a similar announcement by rivals earlier this month, Vodafone Australia and Optus said they agreed to share third-generation network sites and infrastructure.
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Switzerlandâs troubled national airline says it has secured an agreement in principle with an international banking syndicate for a SFr325 million ($258 million) credit facility.
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Vodafone, the world&#39;s largest mobile phone operator, today finally launched its third generation (3G) services as it seeks to recoup Â£16.
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Sprint Corp. said Tuesday it reached multi-year agreements totaling $3 billion with Lucent Technologies Inc., Motorola Inc. and Nortel Networks Corp.
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Sprint Corp., the third-largest wireless phone company in the US, doled out US$3 billion worth of contracts Tuesday to long-time suppliers Lucent Technologies, Nortel Networks and Motorola.
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THE German government has sold a 6.3 per cent stake in phone operator Deutsche Telekom, raising up to Â£3.1 billion to help cut its growing budget deficit.
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Aug. 19 (Bloomberg) -- Swisscom AG, Switzerland&#39;s former phone monopoly, ended talks to buy a stake in Telekom Austria AG, after failing to resolve ``different interests.&#39;&#39; ...