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Thursday, July 15, 2010

Financial Times

AT&T WINS LUCRATIVE CONTRACT WITH HENKEL
FT reports that AT&T has won a five-year contract with Henkel, a German consumer goods conglomerate, to run the company’s global infrastructure in more than 100 countries. AT&T will also service IP-based conferencing and a range of mobile services. The deal is expected to be announced by AT&T today.

BAKRIE CHIEF EYES ROLE IN CONSOLIDATION
Anindya Bakrie, the head of Bakrie Telecom in Indonesia, has told FT that he believes the Indonesian telecom market is ripe for consolidation. Bakrie said his company is looking to merge with or purchase a rival company that is financially healthy.

UK’s BT PENSION LIABILITY MAY HIT GBP22.8 BILLION
If British Telecom (BT) were to become insolvent, UK taxpayers might have to pay up to GBP22.8 billion (USD34.6 billion), according to documents which were submitted to the High Court on Tuesday, reports FT. BT has requested that the court determine the extent to which the government is willing to underwrite the pension plan.

TELEF√íNICA SET TO TAKE DISPUTE TO COURTTelef√≤nica is considering taking international legal action in the Permanent Court of Arbitration in The Hague if it fails to resolve the dispute with Portugal Telecom (PT) over the purchase of PT’s 50-percent share of Brasilcel by this coming Friday, writes FT.

TYCO ELECTRONICS IN USD1.25 BILLION DEAL FOR ADCTyco Electronics has purchased ADC Telecommunications for approximately USD1.25 billion. Tyco is looking to bolster its position in the broadband market, by taking advantage of the growing demand for network capacity among smartphone users.

SONGWRITERS CALL FOR MUSIC PIRACY LEVY
PRS for Music, an organization that represents songwriters, is calling for legislation to fine broadband operators on whose networks songs are shared illegally, reports FT. According to the suggestion, a piracy fee would be set according to the volume of shared files. Many broadband providers are likely to oppose such fines, as they argue that they should not be held responsible for their users’ online activities.

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