Technology ; STT, Telekom Malaysia buy 48 pct of Idea
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Singapore government-owned STT and TM International, the international investment arm of Telekom Malaysia, said in a statement on Saturday they had signed &quot;definitive agreements&quot; to buy the entire stake of Cingular Wireless in Idea.
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The chip company makes a major deal to reach a new market.
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By Goh Thean Eu  MALAYSIA'S smallest mobile operator DiGi.Com Bhd has promised to invest hundreds of millions of ringgit to roll out high-speed mobile Internet services if it wins a government licence to do so.
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(InfoWorld) - IBM has offered to buy Telelogic, a Swedish developer of software development tools, in a cash deal valued at 5.2 billion Swedish krona, or about $745 million, the companies announced Monday. IBM plans to make Telelogic a part of its Rational tools division, the companies said. Telelogic makes products for managing complex software development projects, a category known as application lifecycle management. It also has tools for business process management and other areas. Telelogic is advising its shareholders to accept the offer of 21 krona per share, which it said is a premium of 21 percent over Telelogic's closing share price on May 31, when speculation about a potential takeover of the company began. Combining with IBM would allow Telelogic to expand worldwide and offer a more complete set of products for complex software development, Telelogic Chairman Bo Dimert said in a statement. The offer requires approval from competition authorities as well as from Telelogic's shareholders. IBM said it made the offer through a wholly owned subsidiary in Sweden. Telelogic has about 8,000 customers, mostly in the aerospace, defense, telecommunications, and electronics industries, according to an IBM statement posted on Telelogic's Web site. Offering an example of how the two companies' products might be used together, IBM said an electronics vendor might use their software to design a smart home network for consumers that can control entertainment equipment, security systems, and lighting.
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Users are beginning to show interest in new 3G (third-generation) higher-speed mobile phones after operators, particularly in Europe, spent lavishly to market the new service in the run-up to the crucial holiday buying season.ADVERTISEMENTReducing the Total Cost of OwnershipLearn how to reduce the total coast of ownership in enterprise data management in this case study.
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The trend of merging network and security technologies continued today as 3Com (Quote, Chart) bought TippingPoint Technologies (Quote, Chart) for approximately $430 million, the companies said.
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By Saeed Shah  Our view: Buy   Share price: 184p (+28p)   Convergence is the buzzword across the telecoms sector with companies rushing to offer an increasing number of services as part of the one package.
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By Nuntawun Polkuamdee, Bangkok Post, Thailand  Dec. 7--The IT service provider Advance Information Technology is looking  at several acquisition targets to help increase its market size, according to  president Siripong Oontornparn.
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Telkom South Africa may sell the rest of a mobile-phone venture, the nationâs biggest, to Vodafone Group and dispose of its fixed-line unit to the MTN Group. Telkom South Africa said in a statement that it was in talks with Vodafone and MTN over âmobile strategy.â Telkom, which has a market value of about 103.4 billion rand ($14.4 billion), declined to give details. MTN and Vodafone confirmed the discussions in separate statements. The sales would effectively dismantle what was until last year a monopoly over fixed-line phone services in South Africa. They also would give the government an exit from its investment in Telkom. South Africa owns about 38 percent of the company.
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Telecom Italia SpA, Italy&#39;s largest phone company, plans to buy the 44 percent of wireless unit Telecom Italia Mobile SpA it doesn&#39;t already own, a stake with a market value of about
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BT Group confirmed this morning it is to buy the Californian telecoms group Infonet Services Corp for Â£965 million. The news followed reports which said that the UK telecoms
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Indian conglomerate Tata plans to buy a stake in a high-tech unit of Germany's Deutsche Telekom which would see thousands of jobs outsourced, according to a German weekly newsmagazine.
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Alltel, the nation's sixth-largest wireless carrier, is in advanced negotiations to buy Western Wireless for roughly $4 billion.
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AT&amp;T Corp., the matriarch of the modern telephone business, is close to being acquired by one of its progeny, SBC Communications Inc. , in a $16 billion deal that would create the nation's largest telecommunications company.
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Telecom Italia SPA's board approved a plan Tuesday to offer about &#36;19.5 billion for most of the 44 percent stake it doesn't already control of the mobile phone unit Telecom Italia Mobile SPA.
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Platinum Equity will acquire Covad Communications for about $304 million, making the communications services company the latest technology company to sell to a private equity firm.
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Discount wireless phone provider MetroPCS Communications Inc. yesterday offered to buy regional rival Leap Wireless International Inc. for about $5.12 billion in stock - a deal that could effectively create a nationwide carrier.