DT says it has credit for more takeovers

Deutsche Telekom shrugged off the credit market turmoil by noting it could easily draw on upwards of €20bn ($30.8bn) for takeovers without endangering its investment-grade rating

• Obermann’s decision is hard to call
• Lex: DT eyes Sprint

Ringing the changes but not quitting telecoms

Carphone Warehouse’s deal with Best Buy prompted some to predict Carphone would quit the retail sector, while others said the company’s rivals could bid for its telecoms business. But Chief executive Charles Dunstone is rejecting both ideas

Best Buy and Carphone in £1.1bn link

Best Buy and the UK’s Carphone Warehouse are setting up a joint venture to sell consumer electronics goods in Europe, with the US group taking a 50% stake in Carphone’s European and US retail interests for £1.1bn

Icahn increases Motorola holding

The billionaire Wall Street investor has spent a total of $2.36bn in the troubled US mobile phone maker to raise his stake to 7.6 per cent

BT smartphone drive gets sceptical response

UK’s leading fixed-line telecommunications group unveiled two mobile phones for the consumer market that it hopes will revive its troubled wireless handset strategy

BT makes first foray into smartphones

BT is trying to breathe new life into its faltering mobile phone strategy by unveiling a BlackBerry-style handset, offering web surfing and music and video playback as well as basic phone calls and text messaging

US groups join forces for WiMax initiative

A seven-member consortium including Intel, Google, Comcast and Time Warner Cable has agreed to invest $3.2bn in a new joint venture led by Sprint Nextel and Clearwire to build a 4G nationwide wireless broadband network in the US, based on WiMax technology

Indonesian telcos in push to lure customers

A boom in mobile subscriptions and telecom revenue is expected as operators flood the archipelago with ads promising the cheapest deals and best call quality