TELECOM Digest OnLine - Sorted: TelecomDirect News Daily Update - Tuesday, May 9, 2006

TelecomDirect News Daily Update - Tuesday, May 9, 2006

telecomdirect_daily (
Tue, 9 May 2006 11:40:04 -0400

PricewaterhouseCoopers Presents
The TelecomDirect News Daily Update
For May 9, 2006

Cable Operator NTL Plans To Cut Work Force by More Than a Third After
Telewest Merger

LONDON -- Cable operator NTL Inc. said Tuesday it plans to cut
more than a third of its work force following its acquisition of
rival Telewest Global. NTL, which also purchased Richard
Branson's Virgin Mobile Holdings PLC last month, said that it
will reduce its 17,000-strong work force by 6,000 by the end of
next year. NTL said a...

Greek Mobile Wireless Operator Cosmote To Buy 42 percent Stake in Germanos

ATHENS, Greece -- Cosmote Mobile Telecommunications said Tuesday
it has signed a deal to buy a 42 percent stake in mobile telephony
retailer Germanos at a price of  EUR19 (US$24) per share.
Cosmote said it will also launch a public offer for the remaining
shares in Germanos at the same price after August. The deal is

AT&T To Resell Satellite Broadband Service

NEW YORK -- AT&T Inc. plans to expand its high-speed Internet
offerings by selling satellite-based access to customers in rural
areas who cannot be reached by broadband over phone lines. AT&T
said Monday it is partnering with WildBlue Communications Inc. to
sell satellite broadband under its own brand, starting this

U.S. Mobile Phone Sales Up

The U.S. mobile phone market shrugged off the typical post
holiday lull, posting an 11 percent year-over-year increase in
the first quarter of 2006, according to NPD Group. Motorola
retained its spot as the top supplier to the U.S. consumer
market. U.S. consumers snapped 34.8 million wireless handsets
during the first quarter of...

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