Bouygues SA and Altice SA have begun informal meetings with French regulators as each side seeks to convince Vivendi SA to choose its bid for SFR, France’s second- largest phone company, people familiar with the talks said.
Secusmart GmbH has sold thousands of secure smartphones used by top government officials such as Germany’s Angela Merkel. As privacy concerns grow, Secusmart is predicting that regular citizens will also become big buyers of its 2,000-euro ($2,770) devices.
Deutsche Telekom AG’s Timotheus Hoettges, who helped engineer the merger of its T-Mobile US Inc. with rival MetroPCS Communications Inc. two years ago, said a recovering outlook in the U.S. means the business can go it alone, at least for now.
Bouygues SA, the construction and telecommunications group led by Martin Bouygues, offered 10.5 billion euros ($14.4 billion) in cash for Vivendi SA’s SFR unit, setting up a bidding war with billionaire Patrick Drahi and potentially creating a phone carrier to rival Orange SA.
VimpelCom Ltd, a wireless operator controlled by Russian billionaire Mikhail Fridman, reported a fourth-quarter loss after writing down its Ukraine assets by $2.1 billion because of the country’s political turmoil.
CTC Media Inc., Russia’s largest publicly traded television broadcaster, is transforming itself into a content provider as users switch to watching series online via smartphones, tablets and smart TVs.