List of Business News Articles

France's Iliad Launches Surprise Takeover Bid for T-Mobile USA
France's smallest mobile network operator, Iliad has launched a US$15 billion offer to buy a majority stake in T-Mobile USA. ...read more

Nokia Networks Buys Panasonic's Base Station Division
Nokia Networks has signed a deal to buy Panasonic's base station system business and related wireless equipment system business. ...read more

Visa Invests in Mobile Payments Processing Company
The mobile payments processor, LoopPay says that it has received an investment from Visa, although it declined to say how much the investment was worth. ...read more

Ericsson acquires MetraTech to expand cloud and enterprise billing capabilities
Ericsson has announced that it is buying USA-based MetraTech, a provider of metadata-based billing, commerce and settlement services. ...read more

BlackBerry Buys German Voice Encryption Provider, Secusmart
BlackBerry has announced that it is buying Secusmart, a provider of voice and data encryption and anti-eavesdropping services. ...read more

Cukurova Close to Securing $1.6 Billion Loan to Settle Turkcell Dispute
The long running saga over control of Turkey's Turkcell has moved a step closer to resolution after a British court approved plans by Cukurova to repay a US$1.6 billion loan to Russia's Altimo. ...read more

Batelco Profits Down on One-Off Costs
Bahrain's Batelco has reported a 22.4 percent drop in its second quarter profits as the company was hurt by one-off costs as well as increased competition in its core markets. ...read more

Baidu's Mobile Search Leadership Sustains Ratings
Fitch Ratings says that Baidu's continued solid performance in 2Q14 reinforces its belief that Baidu's cross-channel leadership in search advertising in China will continue to sustain its credit profile, ...read more

Indonesian Tower Operator Raises Funds for Aquisitions
Indonesia's Tower Bersama Infrastructure (TBIG) is reported to have lined up US$1.8 billion in funding should it win a bid to buy a number of towers being sold by the country's largest mobile network operator, XL Axiata. ...read more

LG Ships Record Number of Smartphones in Past Quarter
South Korea based LG says that it shipped a record-high 14.5 million smartphones in the second quarter of this year, a 20 percent increase year-over-year ...read more

Qualcomm Reports Record Quarterly Results
Qualcomm has reported a record quarter in its financial results, with revenues up by nearly 10 percent, and net profit jumping by 42 percent. ...read more

Nokia Revenues Decline, but Losses Shrink
Nokia has reported an 11 percent fall in its revenues, on a continuing operations basis, and a small loss of for the second quarter of this year. ...read more

IFC Invests in Tcell to Expand Access to Mobile Services
IFC, a member of the World Bank Group, is providing a $30 million loan to support Tcell's plans to expand its network and improve connectivity for its subscribers across Tajikistan. ...read more

Italian Network Merger Talks Close to Conclusion
The long running rumours of a possible merger between two of Italy's mobile networks are reported to have been revived. ...read more

Apple's Profits Jump on Strong iPhone Sales
Apple has posted a 12 percent rise in its second quarter profits as iPhone sales offset declines in sales of its iPad tablet. ...read more

Microsoft Profits Fall as the Company Absorbs Nokia Losses
Microsoft has announced a 7 percent fall in its quarterly profits, as its performance was hurt by losses at its new Nokia handset division. ...read more

Huawei Posts Sharp Rise in First Half Revenues
Huawei has reported a 19 percent jump in its first half revenues of CNY135.8 billion (US$21.9 billion) compared to a year ago. ...read more

Yahoo Buys Mobile App Analytics Firm, Flurry
Yahoo has bolstered its mobile division with the purchase of the mobile app analytics firm, Flurry. ...read more

Google Revenues Surge, but Miss Profits Expectations
Google has reported surging revenues that beat analysts forecasts, and a profit that was up by a quarter, but missing forecasts. ...read more

Harbinger Sues FCC for $2 Billion in Damages
The US telecoms regulator is facing a lawsuit for US$2 billion in damages that comes from its decision in 2012 to block the launch of a LTE network. ...read more

America Movil Lifts Telekom Austria Stake Above 50 Percent
Mexico's America Movil has raised its stake in Telekom Austria Group to more than 50% after it paid US$1 billion for shares it had tendered for. ...read more

TeliaSonera's Behind-The-Scenes Connection To Azerbaijani President's Daughters
Through a trail of owners and offshore registrations, the two daughters of President Ilham Aliyev appear to be connected to Azerbaijan's largest mobile phone business, Azercell. ...read more

Helios Towers Africa Raises $630 Million to Fund Towers Expansion
Helios Towers Africa has raised US$630 million in new equity resources from existing and new shareholders. ...read more

Fitch Downgrades TDS Ratings to 'BB+'; Outlook Stable
Fitch said that the downgrade reflects its belief that in 2014 the company's wireless operations will continue to struggle with the highly competitive wireless environment, leading to weak EBITDA margins and lower EBITDA. ...read more

ZTE Lifts Profits Forecast for the First 6 Months of this Year
China's ZTE has raised its forecast for first-half profit as the company says that it has maintained strong momentum in its 4G infrastructure operations. ...read more

Sprint Slowly Steps Closer to Takover Bid for T-Mobile USA
The long expected takeover of T-Mobile USA by Sprint has reportedly edged a stage closer, with a deal reached between the two company's controlling shareholders, Deutsche Telekom and Softbank. ...read more

Telefonica in Talks to Sell Telecom Italia Stake
Telefonica's conflict of interest in Brazil may be heading closer to a resolution as the company is said to be considering a sale of its stake in Telecom Italia. ...read more

Chinese Networks Set up $1.2 Billion Tower Sharing Venture
China's three mobile networks have set up a joint tower sharing company as a new stand alone operator which will build future towers for the three networks. ...read more

Zain Secures Victory in $4.5 Billion Lawsuit
Zain's Iraqi subsidiary says that a mysterious US$4.5 billion lawsuit against the company has been dismissed by the local courts. ...read more

Bharti Airtel Raises Around $2 Billion from Towers Sale
Bharti Airtel has announced plans to sell around 3,100 telecoms towers in four countries to pan-African tower operator, Helios Towers. ...read more