Japan-based IT and telecoms business SoftBank has agreed a deal that’ll see it owning around 70% of US mobile operator Sprint.
SoftBank will invest $20.1 billion, with shareholders receiving $12.1 billion and $8 billion being used as new capital.
Article rating: No rating
US government grumbles, O2 UK stumbles
Mark Bridge writes:
Can you trust a Chinese company to build a telecoms network? Apparently not, according to the US House of Representatives. The “Investigative Report on the U.S. National Security Issues Posed by Chinese Telecommunications Companies Huawei and ZTE” wasn’t at all impressed with the two companies, although most of the complaints appeared to be about a lack of cooperation rather than hard evidence. I wonder if any mysterious agents are planning to visit the new Huawei UK HQ before next year’s official opening?
Jessica Berman of voanews.com writes:
Scientists are studying the use of mobile phones to track patterns of malaria transmission in endemic nations. The research is part of an effort by many countries to control or eliminate the mosquito-borne disease.
O2 has said that 10% of its UK customers - over 2 million people - are having problems today when making calls or using mobile data.
The as-yet unexplained problem is expected to be fixed this afternoon.
Article rating: No rating
William Gallo of voanews.com writes:
Analysts say this week's U.S. congressional report that called two Chinese telecoms a threat to national security is likely to prompt China to retaliate against U.S. businesses.
The House Intelligence Committee report warned U.S. companies against doing business with China's largest phone equipment companies, Huawei and ZTE.
Article rating: No rating