Webwire: Nortel auction delayed, Twitter M&A?

Webwire: Nortel auction delayed, Twitter M&A?

Dylan Bushell-Embling  |   February 11, 2011
telecomasia.net
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People involved in the auction of Nortel's remaining patent portfolio claim the process has been delayed because no bidder wants to pay the roughly $1 billion target set by the liquidator. 
 
Companies including Google and Facebook have been in talks with Twitter over a possible acquisition, sources say, with estimated valuations reportedly skirting as high as $10 billion.
 
US Wimax provider Clearwire may exit the retail business, instead concentrating on providing its network on a wholesale basis. Partner Sprint Nextel might provide the company with more capital if it agrees to the divestment.
 
Vodafone and Essar Group have shortlisted banker UBS to settle their dispute over the valuation of joint venture Vodafone Essar. Essar can choose to sell all or part of its stake to Vodafone by May.
 
New Zealand's 2degress has announced a NZ$100m ($76.2m) mobile network expansion. Huawei has been selected for the rollout. The operator has now spent $400m on the network since its 2009 launch.
 
Indian retail giant Future Group hopes to earn 2-3 billion rupees ($43-66 million) this year from MVNO brand T24, which uses the Tata Teleservices network. T24 services were first launched last June.
 
The Verzion CDMA iPhone went on sale yesterday, but despite strong pre-sales, Verizon and Apple stores were reportedly bereft of the sprawling queues that usually accompany a new iPhone launch.
 
Facebook has launched Places Deals, its location-based discount promotions service, in the UK, Germany, Italy, France, Spain and Canada.

 

Dylan Bushell-Embling

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