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Articles tagged with: Vendor Financing
Huawei Signs Vendor Financing Deal with Etisalat
Huawei says that it has signed a Global Framework Agreement (GFA) and vendor financing deal with UAE based Etisalat. In addition, Etisalat and Huawei are to jointly establish an Application Innovation Center (AIC) to develop customized solutions and applications. more
Related Tags: huawei, etisalat, sun, United Arab Emirates
America Movil Profits Up on Lower Costs - Secures Chinese Bank Loan
América Móvil has announced that during the first quarter of 2009 it added 3.9 million subscribers - taking the firms total base across Latin America to 186.6 million. The company's Mexican operations gained 1.2 million subscribers in the quarter, followed by Brazil, with 855 thousand, Tracfone in the US with 567 thousand and Argentina with 436 thousand. more
Related Tags: america-movil, zte, china--development-bank, Mexico
Motorola Settles Telsim-Related Lawsuit
Motorola says that it has settled a Telsim-related securities class action lawsuit entitled In Re Motorola Securities Litigation. more
Related Tags: class-action, telsim
3G Subscriptions to Reach 285 Million Worldwide by the end of 2006
After years of market uncertainty, with investors wringing their hands and restructuring their finances, 3G has finally gained credibility. "3G subscriptions, including CDMA2000, are forecast to hit 285 million by the end of 2006," says ABI Research's Asia-Pacific director, Jake Saunders. He goes on to say that, "Operators' overall capital expenditure will grow for the fourth year to reach $126.4 billion, and annual 3G-related handset shipments should pull past 300 million." more
Related Tags: datang, w-cdma, td-scdma, wimax,, cdma2000
Andinatel shareholders accept US$103mn bill for GSM migration
Shareholders of Ecuadorian state-run fixed line operator Andinatel have agreed to let the telco foot the bulk of a US$103mn bill to install a GSM network overlay for its mobile unit Alegro, local daily El Comercio reported. more
Related Tags: cdma2000-1x, alegro
Nigerian Operator Doubling Network Capacity
Mtel, the Mobile subsidiary of Nigeria's state owned telecommunications outfit, has unveiled plans to increase the capacity of the network by an additional two and half million lines, a more than 200% increase on the existing 1.2 million lines capacity. The lines will be in place in the next six months. The Board of Mtel, with Nigeria's Communication Minister Chief Cornelius Adebayo as Chairman, approved the "network augmentation" programme, involving vendor financing in September 2005. The vendors are Ericcson, Huawei, ZTE, Motorola, Nokia and Siemens. more
Related Tags: zte, intelligent-network
Mtel Increases its Network Capacity
Mtel, the Mobile subsidiary of Nigeria's state owned telecommunications outfit, has unveiled plans to increase the capacity of the network by an additional two and half million lines, a more than two hundred percent increase on the existing 1.2 million lines capacity. The lines will be in place in the next six months. The Board of Mtel, with Nigeria's Communication Minister Chief Cornelius Adebayo as Chairman, approved the "network augmentation" programme, involving vendor financing in September 2005. more
Related Tags: zte, intelligent-network
UK Court Rules Motorola Can Seize Uzan Family's Assets -FT
NEW YORK -(Dow Jones)- Motorola Inc. (MOT), the U.S. mobile phone handset maker, on Monday won a judgment in London's High Court allowing it to pursue and seize assets from members of Turkey's Uzan family, the Financial Times reports in an article on its Web site. more
Related Tags: uzan-family, telsim
Telsim steps up lawsuit pressure
Telsim, Turkey's second largest mobile phone company, has urged Motorola and Nokia to participate in arbitration proceedings in Switzerland in order to settle the ongoing commercial disputes between the companies. Telsim says that the vendor financing agreements between Telsim and Motorola and Nokia expressly provide that disputes between the parties would only and exclusively be resolved through arbitration under Swiss law. Arbitration proceedings, which were originally started in 2001 and 2002, were renewed last month when the Swiss Arbrital Tribunal dismissed Motorola's motion to stay these proceedings. more
Related Tags: supreme-court, telsim
Racketeering claims against Turkish network dismissed
Telsim, Turkey's second largest mobile phone company, says that it welcomed a decision by a U.S. District Court Judge, the Honorable Jed S. Rakoff, to dismiss RICO (Racketeer Influenced and Corrupt Organizations) claims filed on behalf of Motorola and Nokia against the Uzan family, owners of Telsim. Judge Rakoff's order follows an earlier decision by a three-judge panel of the United States Court of Appeals, Second Circuit, to dismiss all RICO claims brought against the Uzan family. more
Related Tags: telsim