Following Brazil antitrust regulator CADE’s approval of the plan, the Brazilian units of Mexico-based America Movil are reportedly boosting their merger plans, announcing expectations to wrap up the deal by the end of the year.
America Movil, headed by media mogul Carlos Slim, operates wireless operator Claro, long-distance fixed-line telco Embratel …read more
Scientific Games, a top developer of lottery and technology-based gaming products, announced Friday it has reached an agreement to acquire gaming giant Bally Technologies in a $5.1 billion transaction.
In a statement, the companies said the combination will create a global lottery and gaming company with worldwide distribution.
According to reports, the …read more
Canada’s telecommunications watchdog has reportedly banned wireless operators from imposing unfair roaming rules on their customers.
Reports say the Canadian Radio-television and Telecommunications Commission issued a prohibition order Thursday that bars wireless carriers from imposing exclusivity contracts on smaller companies that would force them to use more expensive roaming networks.
The move …read more
Yet another former executive of a Japanese car parts manufacturer has been sentenced in the US for manipulating prices within the US market, say reports.
The US Department of Justice announced Thursday that former GS Electech executive Singo Okuda pleaded guilty to price-fixing charges and was sentenced to 13 months in …read more