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The sale of the Japan Telecom division would allow Vodafone to concentrate on its main business, mobile phones.
The company has already announced plans to sell its stake in a Moroccan telecommunications company and, more important, study a move to spin off its SFR telecom division to focus on media.
Prior to the formation of Embarq, Hesse served as CEO of Sprint's local telecom division for one year.
Daniel R. Hesse, currently chief executive of Sprint's local telecom division, will be Embarq's president and CEO.
Deutsche Telekom hopes that by nurturing its T-Systems business in the way BT has developed BT Global Services, it can offset some of the problems it has been having in its telecom division.
The entrepreneurs behind the one-year-old Spotcast are Marc Owensby, 39, the former vice president of Lockheed Martin's international telecom division; his twin brother, Craig; and their sister, Lauren Wilson.
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The deal, which neither company has commented on, would involve only AT&T's consumer and business telecom divisions, and would come after AT&T somehow dispenses its cable business.
Finally, BATM Advanced Communications slumped 15% to 17.125p after the company warned its earnings would be below market expectations, following lower than expected revenues at its telecoms division.
Specifically, the telecoms division has seen lower than anticipated revenues from clients in the US and in Latin America, with a 10% appreciation in the Israeli shekel against the US dollar also hurting profitability.
Robin Speakman at BATM's broker Shore Capital said: After posting an encouraging performance for its third quarter period last October, BATM has seen tougher trading conditions continue in its telecoms division through the fourth quarter period.
The board of Vivendi – whose assets include Universal Music, Call of Duty publisher Activision Blizzard, pay-TV business Canal+ and telecoms division SFR – announce Levy's departure following a meeting at the end of the day on Thursday, after news of his suddent exit was revealed by an online report by Le Figaro newspaper.
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