Business Category

Alvarion Quarterly Financial Losses Shrink As Does Revenues
May 16th 2012 - 16:59 GMT
Israel based Alvarion has reported a 28.4% drop in its first-quarter revenues of US$33.3 million, and a net loss of US$6.9 million, which was an improvement on the loss of US$14.5 million a year ago....more

Technology Mergers and Acquisitions off to a Mixed Start in 2012
May 16th 2012 - 10:10 GMT
Smart mobility, software as a service (SaaS), "big data," online video and the changing character of social networking drive deal volume in 1Q12...more

Facebook Boosts Its Initial Stock Price
May 15th 2012 - 18:09 GMT
Social media giant Facebook says it is raising the price of the company stock it is offering to the public....more

LightSquared Files for Bankruptcy Protection
May 15th 2012 - 11:47 GMT
Troubled USA based LTE network, LightSquared confirmed rumours at the end of business yesterday and that it commenced voluntarily reorganization cases under Chapter 11 of the U.S. Bankruptcy Code to give it time to resolve regulatory issues that have prevented it from building its wireless network....more

VimpleCom Quarterly Profits Drop on Tax Charges
May 15th 2012 - 11:03 GMT
Russia's VimpleCom has announced that its first-quarter revenues rose by 3 percent to reach US$5.62 billion on a pro-forma basis....more

SFR Loses 274,000 Postpaid Customers in First Quarter
May 14th 2012 - 19:42 GMT
French mobile network, SFR lost 274,000 contract customers in the first quarter of this year as the market reacted to the launch of a fourth mobile network in the country....more

LightSquared Poised to File for Bankruptcy Protection
May 14th 2012 - 10:05 GMT
USA based LightSquared is reported to be preparing to file for bankruptcy protection after it failed to secure an agreement with debt holders to avoid a default....more

NTT DoCoMo Launches Takeover Bid for Buongiorno
May 14th 2012 - 08:14 GMT
Japan's NTT DoCoMo has launched a takeover bid for the Italian mobile content distributor, Buongiorno, valuing the company at EUR224 million....more

Tapjoy Launches $5 Million Fund to Support Free-to-Play Apps in Asia
May 13th 2012 - 13:46 GMT
USA based mobile advertising agency, Tapjoy has set up a US$5 million investment fund to seek Asia based mobile app developers....more

USA Based TracFone Buys Rival MVNO, Simple Mobile
May 12th 2012 - 09:16 GMT
USA based MVNO, TracFone has bought rival MVNO, Simple Mobile for an undisclosed amount....more

Sony Mobile Posts Loss of US$1.5 Billion on Write Downs and Lower Revenue
May 11th 2012 - 11:26 GMT
Sony Mobile -- the former Sony Ericsson -- has reported a 12.4% reduction in revenues of EUR 5.39 billion (US$7 billion) for the full year to the end of March 2012....more

Telefonica Profits Halved on Write Down of Telecom Italia Stake
May 11th 2012 - 08:48 GMT
Spain's Telefonica has announced that its first-quarter revenues rose, by 0.5% to EUR 15.5 billion. Net profit dropped by 54% to EUR 748 million), ...more

KPN Rejects America Movil Attempt to Buy 28% Stake As Too Cheap
May 10th 2012 - 19:41 GMT
Mexican telecoms tycoon, Carlos Slim has made an unsolicited offer to buy a 28 percent stake in the Netherlands based telco, KPN for US$4.2 billion,...more

T-Mobile USA Reported to Be in Merger Talks with MetroPCS
May 10th 2012 - 17:10 GMT
Deutsche Telekom is reported to have renewed discussions with the USA based regional network, MetroPCS regarding a possible merger with its own T-Mobile USA network. ...more

Vodafone Could See Indian Tax Liabilities Rise to $3.7 Billion
May 10th 2012 - 16:39 GMT
Vodafone Group could see its potential Indian tax liabilities rise from US$2.2 billion to US$3.7 billion, if the government carries out its plan to retrospectively change the tax laws....more

UAE's Du Network Profits Jump on One-Off Gains
May 10th 2012 - 16:07 GMT
UAE based telecoms network, Du has announced that its first-quarter revenues increased by 20.1% to reach AED 2.4 billion (US$653 million)....more

Digicel Refutes Claims by Tax Collectors of Understating Its Revenue Income
May 10th 2012 - 11:23 GMT
Jamaica based Digicel has responded to a raid by the country's tax authorities and has filed an affidavit in the Supreme Court to claim that a warrant granted to the Tax Administration Jamaica (TAJ) was "fundamentally flawed as the analysis performed by TAJ reveals utter and complete incompetence"....more

Grameenphone Posts Sharp Jump in Profits on Higher Margins
May 10th 2012 - 11:09 GMT
Net profit jumped to BDT 520 crores (US$62.5 million) compared to BDT 287 crores a year ago. The profit margin rose from 13.9% to 22.4%....more

Samsung Electronics Acquires MSpot
May 10th 2012 - 10:40 GMT
Samsung announced today it is acquiring mSpot, a mobile cloud-based content service provider based in Palo Alto, California....more

SingTel Quarterly Profits Jump 30% on One-Off Tax Gains
May 10th 2012 - 10:06 GMT
Singapore Telecommunications (SingTel) today announced that fourth quarter net profit for the Group grew 30 percent to S$1.29 billion (US$1 billion), primarily from an exceptional net tax credit of S$270 million on an increase in value of assets transferred to an associate....more

Deutsche Telekom Quarterly Profits Slide on Higher Costs - Shrinking Customer Base
May 10th 2012 - 09:09 GMT
Germany's Deutsche Telekom has reported a first-quarter net profit that fell to EUR238 million (US$308 million), compared to EUR480 million a year ago. Revenues also fell, but by just 1.1 percent to EUR 14.4 billion (US$18.7 billion)....more

Telus Posts 6 Percent Rise in Quarterly Profits on Higher Revenues
May 9th 2012 - 14:55 GMT
Canada's Telus has reported that its first-quarter revenues rose by 4 percent to C$2.6 billion, driven by a nearly six percent growth in wireless revenue and two percent growth in wireline revenue, both driven by strong data growth....more

Avion Teams Up With Aexio To Broaden Its Mobile Network Optimization Business
May 8th 2012 - 13:33 GMT
Network optimization service provider, Avion Systems says that it has entered into a Teaming Agreement with Aexio to deploy and market network optimization products and solutions. ...more

TeliaSonera Offers to Buy Out Remaining Shareholders in Lithuanian Subsidiary
May 8th 2012 - 07:57 GMT
TeliaSonera has launched a bid for full ownership of its Lithuanian subsidiary, TEO LT. The company said that it has secured an agreement to raise its holding in the company to 76.16 percent,...more

Israeli MVNO, Hallo 015 Looking for a New Owner Amid Job Cut Rumours
May 7th 2012 - 17:45 GMT
Israeli MVNO, Hallo 015 is reported to be cutting staff as the company's shareholders put it up for sale....more

Zain's Quarterly Revenues/Profits Rise Slightly on Faster Growing Customer Base
May 7th 2012 - 15:12 GMT
Kuwait based Zain has reported that its first-quarter revenues rose by just 1 percent to reach KWD 325.7 million (US$1.17 billion), despite a 7 percent rise in its customer base, which reached 40.3 million at the end of March....more

Ixia to Acquire Anue Systems for $145 Million
May 7th 2012 - 11:43 GMT
Network test vendor, Ixia has announced that it is buying Anue Systems for US$145 million in cash. ...more

Telekomunikasi Indonesia to List Towers Subsidiary on Local Stock Exchange
May 7th 2012 - 10:30 GMT
Indonesia's Telekomunikasi Indonesia (Telekom) has confirmed that it is moving ahead with plans to list its tower operating subsidiary on the local stock exchange....more

Laird Expanding Capacity for Smartphone and Tablet Sales Surge
May 7th 2012 - 10:18 GMT
UK based antenna components manufacturer, Laird PLC has said that it will be expanding its capacity to cope with the expected increase in smartphone and tablet sales....more

Lenovo Building New Mobile Products Factory Away from China's Coastal Regions
May 7th 2012 - 10:10 GMT
China's Lenovo Group says that it has broken ground on construction of a new factory in the Central Chinese city of Wuhan. The site will include integrated facilities for mobile Internet product R&D, production and sales....more

Sprint Nextel CEO Cuts Salary by $3.25 Million Following IPhone Subsidy Complaints
May 5th 2012 - 19:37 GMT
Sprint Nextel's CEO Dan Hesse has announced that he is accepting a US$3.25 million pay cut for 2012 following shareholder complaints about the cost of subsidising sales of Apple's iPhone....more

MTN Group Customer Base Passed 170 Million at the End of Q1 2012
May 5th 2012 - 18:32 GMT
South Africa based MTN Group has announced that it had just over 170 million customers at the end of March - a rise of 3.7% over the figure three months ago....more

US Cellular Posts Jump in Profits Despite Customer Base Shrinkage
May 4th 2012 - 20:17 GMT
US Cellular has announced that its first-quarter revenues rose by 4 percent to reach US$1.02 billion, while the net profit nearly doubled to US$62.5 million, compared to US$35.2 million a year ago....more

Fitch: Shyam Risks Reflected in Sistema's Current Ratings
May 4th 2012 - 20:08 GMT
Fitch Ratings says that Sistema's exposure to debt and losses under the current business plan at its majority-controlled subsidiary SSTL (Shyam) in India is already reflected in Sistema's current ratings. ...more

Mexico's Telcel Overturns $925 Million Fine in Exchange for Regulatory Changes
May 4th 2012 - 11:48 GMT
Mexico's antitrust commission has rescinded the huge MX$11.99 billion fine that it had imposed on the country's dominant mobile network, Telcel in exchange for an agreement by the company to change its pricing practices....more

Thai Network Merger Being Investigated for Irregularities
May 4th 2012 - 11:26 GMT
The controversy over the deal by Thailand's True Corp to buy the local network owned Hutchison Telecom has flared up again after an internal memo was released by the ICT Ministry showing that the previous government may have pressured Hutch to abandon a previous deal....more

Global Scale, Strong Market Position Highlighted at Ericsson AGM
May 3rd 2012 - 15:33 GMT
At Ericsson's Annual General Meeting, President and CEO Hans Vestberg reviewed financial results and discussed strategic decisions made throughout 2011, which he told shareholders will ensure continued technology and services leadership for the company....more

Bell Canada Profits Rise on Wireless and Media Growth
May 3rd 2012 - 14:42 GMT
Bell Canada (BCE) has published its first quarter financial results and announced that its net profit rose by 14% to C$574 million, while revenue rose by 11.6% to C$4.33 billion....more

DragonWave Losses Deepen, Scraps Plans to Buy NSN's Microwave Business
May 3rd 2012 - 14:10 GMT
Microwave radio vendor, DragonWave has reported that its fourth fiscal quarter revenues dropped to US$9.2 million, compared to US$15.1 million a year ago. ...more

Fitch Affirms Thailand's AIS Debt Ratings on Strong Market Share
May 3rd 2012 - 10:49 GMT
Fitch says that the ratings reflect AIS's strong market position as the largest mobile telecoms operator in Thailand. The company benefits from a competitive cost structure due to its large subscriber base, with a revenue market share of 53% in 2011....more