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  • Telekom Serbia’s board and shareholders have approved the purchase of Greek provider OTE’s stake in the company. The state-run operator is expected to pay €380 million for Deutsche Telekom-owned OTE’s 20% stake, restoring 100% ownership.
  • Crown Castle International has said it will acquire NextG Networks for approximately $1 billion in cash.
  • The final segments of Gulf Bridge International’s (GBI) cable system - set to connect all nations on the Persian Gulf before taking traffic on to India and Egypt and across the Mediterranean to Italy - have been completed.
  • Hi3G Access Sweden, the mobile subsidiary of Hutchison Whampoa, has launched a combined FDD/TDD 4G LTE network in partnership with Chinese technology provider ZTE. The company claims that it is the first commercial implementation of LTE FDD/TDD dual-mode technology.
  • LightSquared’s LTE plans have received a further set back following the release of an official report expressing concern that the company’s proposed 4G network could interfere with GPS devices and compromise aircraft flight safety.
  • Capacity brings you the latest network news. If you have network developments you’d like us to share, please email robert.anderson@capacitymedia.com or tweet us @capacitymag.
  • Telstra has secured operating licences in Singapore and Japan, allowing the company to own infrastructure facilities and be directly responsible for services delivered to customers locally in both countries.
  • Verizon has announced the creation of a global organisation to oversee all business, government and wholesale operations from across the company’s mobile and wireline businesses.
  • WiMAX operator Clearwire has raised $715.5 million in funds for its network expansion plans in the LTE space.
  • Uruguayan service provider Antel has partnered with Alcatel-Lucent to deliver what is claimed to be the first LTE network in a Latin American country.