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Telefónica, Nokia, Ericsson, and other European companies in BW's IT 100 know the future is in emerging markets When Deutsche Telekom agreed on May 14 to pay $5 billion for a 25% stake in Greece's OTE Hellenic Telecommunications , the German company wasn't just interested in a piece of the Athens mobile market. The real attraction was OTE's assets in fast-growing Eastern European countries including Romania, Bulgaria, and Serbia. OTE's holdings in southeastern Europe make OTE "an important partner," Deutsche Telekom Chief Executive Officer René Obermann said in a statement. The deal was yet more evidence that emerging markets are where the action is in telecommunications these days. If you want hard data, look no further than the 2008 edition of BusinessWeek's IT 100, the annual ranking of the globe's most dynamic tech... [read full story]
Fancy footwork and good fortune will stand to him in his 'merger' talks with Nationwide This week's news that the EBS and Irish Nationwide building societies are in merger negotiations presents EBS boss Fergus Murphy with the...
Inflation in Russia may go down to around 9% which will allow the Russian Central Bank to reduce the basic interest rate before the end of this year, said the deputy chairman of the Russian Central Bank, Aleksei Ulyukayev at...
London, United Kingdom and Carpinteria, CA, November 26, 2009 - Clipper Windpower Plc (Clipper) announced that the first Clipper Liberty wind turbines to be installed internationally have been backed by an $80.66 million...
Royal Bank of Scotland Group Plc. underwrote more loans than any institution to Dubai World, the state company seeking to reschedule debt, while HSBC Holdings Plc has the most at risk in the United Arab Emirates, according to...
