LONDON/VIENNA (Reuters) – Telekom Austria AG (TELA.VI: Quote, Profile, Research, Stock Buzz) shareholder Ronny Pecik is in advanced talks to sell his 21 percent stake to Mexican tycoon Carlos Slim, who is seeking to expand his telecom empire into Europe, according people familiar with the matter.
If the talks are fruitful, it would be a big step in Slim’s effort to expand the footprint of his company America Movil’s (AMXL.MX: Quote, Profile, Research, Stock Buzz) in Europe. Slim already owns 4.1 percent of Telekom Austria.
LONDON/VIENNA, June 14 (Reuters) – Telekom Austria AG
shareholder Ronny Pecik is in advanced talks to sell
his 21 percent stake to Mexican tycoon Carlos Slim, who is
seeking to expand his telecom empire into Europe, according
people familiar with the matter.
If the talks are fruitful, it would be a big step in Slim’s
effort to expand the footprint of his company America Movil’s
in Europe. Slim already owns 4.1 percent of Telekom
LONDON, June 13 (Reuters) – An unprecedented land grab for
new Web addresses began in earnest on Wednesday with fierce
competition for new internet real estate including .app, .blog
and .web from applicants hoping to break the near-monopoly of
the .com top-level domain.
The ambitious plan to liberalise internet addresses
attracted 1,930 applications, almost half of them from north
America, with Web giants Amazon and Google
applying for dozens of domains including .cloud, .buy and .book.
LONDON (Reuters) – Home viewing of movies in three dimensions will be slow to catch on until technology improvements deliver high-quality viewing without special 3D glasses, according to James Cameron, director of films including “The Terminator”, “Titanic” and “Avatar”.
Cameron, a fervent believer in 3D, said a lack of high-quality content was also a barrier to wider adoption, but a poor technology to accommodate groups of people watching from different angles without glasses was the main obstacle.
LONDON, May 22 (Reuters) – A project to allow companies to
set up a website with almost any address has relaunched after a
software glitch exposed sensitive details of applications last
month, forcing it to shut down.
In the most ambitious expansion of the Internet so far, the
body that oversees domain names has now given organisations
until May 30 to apply for their own Web address endings – for
example .london, .eco or .canon – provided they have a
legitimate claim to the domain name and can pay a hefty fee.
LONDON (Reuters) – Japanese electronics group Panasonic (6752.T: Quote, Profile, Research, Stock Buzz) plans to open a European factory this year to make home appliances, a market it is targeting as sales of televisions stagnate, in a rare vote of confidence for manufacturing in the crisis-hit euro zone.
Panasonic is looking to minimize the effect of a strong yen on its exports by bringing manufacturing closer to its customers, and also hopes to capitalize on any incentives that struggling euro zone governments may offer.
May 22 (Reuters) – Apple has maintained its place
as the world’s most valuable brand over the past year, leading a
group of technology-related companies that dominate the top 10,
according to a study published on Tuesday.
The iPhone and iPad maker has boosted its brand value by 19
percent in the past year to $183 billion, or 37 percent of its
market capitalisation, according to the annual BrandZ study by
leading brands and market-research agency Millward Brown.
LONDON, May 21 (Reuters) – WPP has become the first
foreign advertising group to invest in Myanmar since Western
sanctions were lifted, betting on a flood of demand from
multinational companies wanting to market their goods and
New York-based Ogilvy & Mather, part of the global WPP
group, said on Monday it had agreed to buy a stake in Myanmar’s
leading ad agency Today Advertising, staking out an early
position in one of Asia’s last frontier markets.
LONDON (Reuters) – Walkie-talkie maker Sepura (SEPU.L: Quote, Profile, Research) is targeting cash-rich mining, oil and utility companies with its acquisition of Austria’s 3T, as growth prospects in the public sector slow, its chief executive told Reuters on Wednesday.
Industrial companies are increasingly embracing the two-way Tetra radios long used by police, fire and ambulance services, as their rugged qualities make them suitable for tough environments such as mines or oil and gas fields.
LONDON, May 15 (Reuters) – Rebekah Brooks rose from
secretary to chief executive of Rupert Murdoch’s British
newspaper group, but the woman who once partied with prime
ministers now faces criminal charges and possible prison time.
Entering a London police station on Tuesday to be told she
was charged with hiding evidence from police investigating
phone-hacking by some of her reporters, Brooks was beset by
cameramen and photographers eager to capture every detail of her
dramatic fall from grace.