Siemens in â¬2.69bn deal with BBC
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German industrial giant Siemens has signed a â¬2.69bn contract to deliver technology services around the world to the BBC, a deal that will see it acquire the broadcasterâs technology subsidiary.
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Siemens bought a 16 percent stake from a private investor in November and launched a bid of 55 euros ($72.05) a share for the remaining shares.
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Media tycoon Rupert Murdoch has returned to the German TV market by buying a near-15 percent stake in the country's largest pay-TV broadcaster, Premiere , for 287 million euros ($421.6 million).
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Siemens AG, Germany's largest engineering company, said it won a 46 million euro (US$57 million) contract to supply Vietnam Railways with diesel-electric locomotives.
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German industrial conglomerate Siemens  AG may withdraw from the Internet TV market in China, a local  newspaper reported on Friday. Siemens has dismissed its team in  charge of Internet Protocol Television in China, the Shanghai  Securities News said, citing industry sources saying that it  was a "failure" for Siemens after the company had lost a bid to  cooperate in the launch of IPTV services in Shanghai.
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Network operator Cable and Wireless PLC (C&W) has agreed to sell its Japanese business, Cable & Wireless IDC Inc., to Softbank Corp. for Â£72.4 million (US$133.3 million), the London-based company announced Tuesday.
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London, Dec 7 : The BBC today said it would cut about 2,900 jobs, more than 10 per cent of its workforce, as part of &quot;transformation&quot; of the world&#39;s biggest public broadcaster aimed at saving 320 million pounds a year.
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The BBC has held talks with a trio of media giants over the future of BBC Worldwide. It however denied reports that the talks with Time Warner, Walt Disney and Bertelsmann centred on the possible sale of its BBC Worldwide Unit.
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MUNICH, Germany : German electronics giant Siemens said that its Siemens Business Services unit had signed a 2.7-billion-euro (3.3-billion-dollar) contract to supply technology services to the British Broadcasting Corporation.
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Siemens AG has announced two contracts, one in Russia and another in South Africa.
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German industrial conglomerate Siemens AG has signed a $2 billion deal to provide Russia's national railway with 60 high speed trains, the company's chief executive said Tuesday.
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CABLE firm NTL has agreed to sell its broadcast infrastructure business to a consortium led by Australia&#39;s Macquarie Bank in a deal worth Â£1.27bn, and could return the money to shareholders through a special dividend.
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Utility firm AWG says it has agreed a consortium takeover worth 2.213 billion pounds -- but has also received approaches from other bidders.
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A multi-billion pound auction of  airwaves for a new wave of digital services is announced by Ofcom.
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Some 1440 BBC Technology staff have been transferred to Siemens Business Services today following the completion of a major ten-year Â£2bn Technology Framework Contract (TFC).
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Germany's Siemens has agreed to collaborate with Microsoft on a next-generation communication and entertainment system.
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Nokia Siemens Networks won a $900 million contract from India's largest mobile phone operator, Bharti Airtel Ltd., to help expand its communications network, both companies said Tuesday.