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  • China’s dominant fixed-line carrier China Telecom is reportedly looking to buy 3G assets from its parent companies for over $19 billion, a price that surpasses their combined book value.
  • Capacity brings you the latest network news. If you have network developments you'd like us to share, please tweet us @capacitymag or email robert.anderson@capacitymedia.com.
  • Pacific Fibre, the New Zealand consortium behind a 13,000km submarine cable project linking New Zealand and Australia to California, US, has decided to cease operations after failing to raise the NZ$400 million funding required.
  • UAE telco du has announced a net profit increase of 57.1% year-on-year in its second quarter financial results, reaching AED 651 million.
  • Reliance Communications has abandoned plans for an IPO offering of its undersea cable unit, resulting in a share price drop of more than 3% this morning.
  • Capacity brings you the latest network news. If you have network developments you'd like us to share, please tweet us @capacitymag or email robert.anderson@capacitymedia.com.
  • US cable operator Suddenlink Communications is to be acquired in a $6.6 billion bid by private equity firms BC Partners, CPP Investment Board and the company’s existing management team, led by chairman and CEO Jerry Kent.
  • Shares in ZTE have dropped by as much as 17% as the Chinese vendor faces warnings that its half year profits could drop by up to 80% compared to a year ago.
  • Scandinavian carrier TeliaSonera is reportedly putting its Spanish mobile operation, Yoigo, up for sale.
  • Australian carrier Telstra is selling its struggling New Zealand subsidiary, TelstraClear, to Vodafone for approximately $675 million, in a transaction which should help the British operator to challenge the dominance of incumbent Telecom New Zealand.