List of Business News Articles

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

America Movil to Sell Mexican Assets to Avoid Regulatory Squeeze
America Movil's dominance of the Mexican mobile market seems close to an end after the company announced plans to sell assets to bring its market share down to below 50 percent. ...read more

Egypt's Mobinil Denies Rumours of Sale by Parent Shareholder
Egypt's Mobinil has denied media reports that its majority shareholder, France's Orange is looking to sell the company. ...read more

BlackBerry Sells German R&D Facility to Volkswagen
BlackBerry has sold its European research and development centre in Bochum, Germany to the car manufacturer, Volkswagen. ...read more

mBlox Raises Additional Investment Funding
Mobile messaging vendor, mBlox says that it has raised an additional US$43.5 million to fund the continued growth of its business. ...read more

Samsung Issues Surprise Profits Warning
Samsung has issued a sharp profits warning, and is forecasting that its second-quarter profits will be badly hurt by a slow down in smartphone sales, and local currency problems. ...read more

Tele2 Sells Norwegian Network After Losing Out in Radio Spectrum Auction
Tele2 has announced a deal to sell its Norwegian mobile network to TeliaSonera for an enterprise value of SEK 5.1 billion (US$745 million) on a cash and debt free basis. ...read more

Gowex CEO Resigns in Disgrace - Company Files for Bankruptcy
Spanish municipal Wi-Fi provider, Gowex has filed for bankruptcy and the CEO has resigned after admitting it falsified its accounts for the past four years. ...read more

HTC Returns to Quarterly Profit
Taiwan's struggling smartphone manufacturer, HTC reported another decline in its quarterly revenues, but did manage to return to profit. ...read more

Gowex Shares Plunge Following Allegations of Financial Fraud
Shares in the fast growing municipal Wi-Fi provider, Gowex more than halved earlier this week following a report that cast doubt on the company's finances. ...read more

Fitch Affirms TeliaSonera at 'A-'; Outlook Stable
Fitch said that TeliaSonera continues to benefit from a well-diversified business portfolio, strong cash flow, sound market position in most of its territories, and low financial leverage relative to the European incumbent peer group - most of which are rated at least one notch lower. ...read more

Fitch: Telefonica Deal Approval Supports Investment and MVNOs
EU regulatory approval of Telefonica Deutschland's acquisition of E-Plus should encourage further network investment by allowing in-market consolidation, while also ensuring virtual operators have the 4G capability that will be essential if they are to thrive in the long-term, ...read more

Vodafone Gets Approval to Buy Spanish Landline Network
The European Commission has cleared the proposed acquisition of Spain's Grupo Corporativo ONO by Vodafone. ...read more

Nokia Networks to buy USA Based SAC Wireless
Nokia Networks has entered into an agreement to acquire USA based SAC Wireless, a provider of infrastructure and network deployment solutions. ...read more

European Regulators Approves Merger of German Mobile Networks
European regulators have conditionally approved a merger between two German mobile networks, KPN's E-Plus and Telefonica Deutschland's O2. ...read more