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Verizon delays Canada mobile bid - report
2013-08-15 19:36:00| Telecompaper Headlines
(Telecompaper) Verizon is putting off the potential acquisition of two small mobile companies in Canada. The US-based communications giant had been looking at buying one or both of Wind Mobile and Mobilicity, two struggling carriers that are for sale. After a CAD 700 million preliminary offer for Wind and signing a non-disclosure agreement with Mobilicity in recent months, Verizon has now decided to delay pursuing those deals until after a government auction of spectrum licences in January 2014, two people familiar with the situation told the Globe and Mail. Instead, Verizon plans to focus on whether to participate in the upcoming auction of the 700 MHz frequencies. If Verizon enters the auction and wins the spectrum it wants, it could then look at potentially bidding for Wind and Mobilicity at some point in 2014, the paper's sources said. Carriers face a 17 September 2013 deadline to apply and to put down a refundable deposit for the spectrum auction. Once the paperwork is filed, however, prospective bidders are barred from negotiating any deals with other bidders until the next year.
Tags: report
canada
mobile
bid
Cisco to slash 4,000 jobs in bid to move faster
2013-08-15 14:52:07| InfoWorld: Top News
Cisco Systems announced Wednesday it will eliminate about 4,000 jobs, saying it needs to pare down middle management to speed up decision-making and execution. The company didn't say when or in what regions the cuts would take place, but it expects to incur related costs of about $550 million. About $250 million to $300 million of those costs will be taken in the first quarter of the company's 2014 fiscal year, which began July 28.
Verizon bid for Wind followed meeting with federal government
2013-08-15 07:41:55| IT Services - Topix.net
Although that document is short on specifics, two people familiar with the situation separately confirmed that Verizon employees and government officials conducted "exploratory talks" in Ottawa about wireless opportunities on that spring day.
Tags: government
meeting
federal
bid
Kohlberg exits bid for Steinway
2013-08-13 20:37:18| BBC News | Business | UK Edition
Private equity firm Kohlberg & Co has declined to match a higher bid for 160-year old piano manufacturer Steinway Musical Instruments.
Tags: bid
exits
kohlberg
exits bid
VIDEO: Bid to raise water bills criticised
2013-08-12 20:29:38| BBC News | Business | UK Edition
Thames Water has asked its regulator, Ofwat, for permission to raise prices, leading to criticism from the Consumer Council for Water.
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