Europe

Telegeography notes that Russia's third-largest mobile operator, MegaFon, is looking at the possibility of buying up to 5 percent of shares in rival VimpelCom.

Telegeography notes that Russian operator MegaFon has denied reports it plans to buy a 5 percent stake in domestic rival VimpelCom on the open market.

Italian mobile operators TIM and 3 have become the latest European firms to enter into a mobile site-sharing agreement.

Telecom Italia is to invest EUR3 billion (US$4.2 billion) in its Brazilian unit over the next three years to expand much of its mobile broadband network in the country, the firm's chairman told a local newspaper yesterday

French media conglomerate Vivendi has again been linked to a potential acquisition of Zain's African assets.

Dow Jones Newswires reports that the French government still plans to launch the tender offer for frequencies set aside for the country's fourth 3G mobile phone license before the end of July.

Ericsson and Telecom Italia are trialling a new solar-powered site development.