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Vodafone has agreed to buy troubled telecoms company Cable & Wireless Worldwide (CWW) in a deal valued at £1.04bn.
Skype will help Microsoft to create the "future of real-time communications", Microsoft's chief executive Steve Ballmer has claimed, after agreeing the $8.5bn (£5.2bn) acquisition of the internet telephony pioneer.
Phones4U has been sold to private equity house BC Partners for "a little under" £700m, according to a source close to the company.
AOL Europe has bought the branded online video distribution network Goviral for $96.7m (£60.9m) in a bid to improve the measurable solutions it offers to publishers and advertisers.
BSkyB is to step-up its competition with BT and is expected to announce a deal to buy WiFi operator The Cloud later this week.
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