Telecom News

“We are interested in the African market in general, and we are looking at various opportunities for entering that market.”

China Mobile Communications Corp chairman Wang Jianzhou said yesterday the company has already spent 14.2 billion yuan for the trials of TD-SCDMA homegrown 3G it is conducting in eight cities. via The Standard

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“The transition from having Internet connected to a location to it being connected to a person means that a revolution has begun”

Talk about a win-win . Or rather, a win-win-win. This week Sprint-Nextel Corp. got rid of a giant albatross that had been hanging around its neck, while WiMAX got the shot in the arm it needed. via Xchangemag.com

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“We opted to purchase it outright because of the condition of the real estate market”

General Motors Corp. said Thursday that the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit's towering Renaissance Center for $626 million.

GM revealed the May 1 purchase in a filing Thursday with the Securities and Exchange Commission. GM said it paid $626 million cash for the headquarters and $200 million cash for two office properties in nearby Pontiac.

The move comes in the face of GM's own business difficulties, including a $3.3 billion loss in the first-quarter, when Toyota Motor Corp. took the lead in global sales. Read more

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Alcoa Inc. , the world's third-largest aluminum producer, named Klaus Kleinfeld chief executive officer and said Alain Belda will step down after almost four decades with the company. via Bloomberg

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The Swedish Post and Telecom Agency Thursday said five telecommunication operators have won the bidding for so-called fourth-generation mobile network licenses in Sweden worth a total of 2.1 billion kronor . via PR-inside.com

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“The DTV transition deserves no less.”

Any glitches in the nationwide switch to digital television will be felt first in Wilmington, N.C. The Federal Communications Commission on Thursday formally announced that the North Carolina TV market on would ... via Myrtle Beach Online

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General Motors Corp. says it will pay up to $200 million to help bring an end to a crippling labor dispute at parts supplier American Axle and Manufacturing Holdings Inc. via KOMOradio

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“The business customers segment is mainly to blame here with the largest shortfall from expectations”

Europe's biggest telecom company Deutsche Telekom said Thursday that its first-quarter profit rose more than 33 percent as it reaped the benefit of selling its media and broadcast unit and booked lower interest ... via CNN

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“I don't think Cablevision will prevail”

Although his company is reported to be holding tight to its $580 million offer for Newsday despite apparently being outbid, News Corp. Chairman Rupert Murdoch believes he ultimately will wind up with Tribune Co.'s Long Island, N.Y., newspaper.

Long Island-based Cablevision Systems Corp. submitted a $650 million proposal for Newday last week, a few days after sources said Murdoch reached an agreement in principle with Tribune Co. Chairman and Chief Executive Sam Zell for control of the suburban New York tabloid. Read more

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