Brazil's justice ministry has started an investigation into the merger of telephony operators Oi and Brasil Telecom. The public inquiry was opened in the state of Rio Grande do Sul by federal prosecutor Jose Osmar Pumes.

Danish telecommunications operator TDC has decided to carry out a reduction in number of employees to ensure that TDC can continue a positive development, after reporting low revenues for the first half of this year.

Egypt-based telecommunications operator Orascom Telecom reports a 19 percent increase in revenues to USD 2.65 billion for the first half of this year compared with the first half of 2007. At the same time, its EBITDA grew by 22 percent to USD 1.16...

A Siberian city court in Russia has issued a verdict holding mobile operator Telenor liable for USD 2.8 billion in damages plus RUB 460,000 in costs for allegedly having delayed VimpelCom's acquisition of Ukrainian Radio Systems (URS).

Telecom Italia has lowered its full-year outlook due to slower sales at its units in Brazil and Germany. Mobile operator TIM Brasil has cut its sales growth outlook to 7 percent, from an estimate of 9 percent in May...