Qualcomm and Teleepoch
Enter Into a 3G CDMA Subscriber Unit License Agreement, October
6, 2007
MTN chooses Cambridge Broadband
Networks for multi-service wireless network in Rwanda, October 6,
2007
Brazilian government to
publish 3G bidding rules soon, October 6, 2007
KTF 3G service suffers
from technical problems, October 6, 2007
Argentina’s Personal
lunches 3G service in Rosario, October 6, 2007
Russia has it's first 3G
network, October 6, 2007
AT&T could drop Alcatel-Lucent
as 3G mobile network supplier, October 6, 2007
Enea Extends License Agreement
with ZTE for 3G Handsets, October 2, 2007
LG to unveil premium handsets
in Brazil, October 2, 2007
KTF 3G subscribers doubled
in less than 3 months, October 2, 2007
3G policy in India will
be non-uniform, October 2, 2007
- previous news
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France Telecom to bailout MobilCom
November 25, 2002
France Telecom agreed to a €7.6 billion bailout of MobilCom, paying
the price of a disastrous and short-lived adventure in Germany's
crowded wireless market.
In a statement, France Telecom will take over MobilCom's roughly
€6 billion of bank loans and swap them for bonds convertible into
France Telecom shares. It will also waive about €1 billion in other
loans.
Under the agreement, France Telecom will participate in a plan
to shut down the German UMTS business, costing up to €580 million.
MobilCom will continue operating in the German market in a slimmed-down
form. The only prospect of a return from the deal is that France
Telecom will get 90% of any proceeds on UMTS asset sold by MobilCom.
A number of banks will provide €112 million in fresh financing
to MobilCom, which plans to refocus on its wireless services business.
The agreement now rests on reaching a deal with MobilCom's bankers
and its suppliers by November 30 and backing by shareholders of
both France Telecom and MobilCom.
MobilCom and its founder Gerhard Schmid have agreed not to pursue
legal claims against France Telecom.
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3G Motorola A920
