Verizon Wireless has posted a 4.8 year on year increase in revenue for 1Q14, as well as a 15.1 per cent increase in operating income

3UK triples half-year operating profit

The UK arm of operator group Hutchison Whampoa said it has more than tripled its operating profit year on year during the first half of 2013. 3UK generated £86m in the first half of 2013, a 231 per cent increase on the £26m it pocketed in the first half of 2012.

US operator T-Mobile USA is offering 200MB of free LTE data each month to tablet users across the States, even if they are not already a T-Mobile subscriber.

Sprint sees $874m quarterly operating loss

US operator Sprint has posted an operating loss of $874m for the quarter ended June 30, 2013. The figure takes into account non-cash charges of $623m related to the shutdown of the Nextel iDEN platform. Accelerated depreciation of assets also accounted for approximately $430m of the loss.

Microsoft's Surface tablet

Microsoft takes $900m hit on Surface tablets

Microsoft’s foray into the hardware market is not going smoothly as it revealed in its quarterly results that it has taken a $900m charge related to inventory adjustments for its Surface RT tablet. The charge had an impact of $0.07 per share, the firm added.

Vodafone's group service revenue fell 3.5 per cent

Vodafone sees sales dip

Operator group Vodafone’s service revenue dropped by 3.5 per cent year on year in the quarter ended 30 June 2013. Service revenue from Europe dropped significantly; operations in Italy saw sales drop 17.6 per cent, while Spanish revenue dropped by 10.6 per cent, taking revenue from Southern Europe to £2.27bn.

NSN posts Q2 results

NSN sees drop in sales

Infrastructure vendor Nokia Siemens Networks (soon to be just Nokia) reported a year on year drop in sales of 17 per cent for 2Q13. Revenue generated by the firm dropped to €2.78bn from €3.34bn in the same period last year.

Jan Frykhammar, CFO, Ericsson

Ericsson CFO sees strong performance from radio business

Infrastructure vendor Ericsson has reported year on year flat sales in 2Q13, generating SEK 55.3bn. Operating income grew from SEK 2.1bn in 2Q12 to SEK 2.5bn, while operating margin grew from 3.8 per cent to 4.5 per cent.

Vodafone's shareholders have approved the sale of its stake in Verizon Wireless

Telkom South Africa writes down assets to tune of $1.2bn

South African operator Telkom has written down the value of its assets by R12bn ($1.2bn) following a review by its board. The operator said the decision to revalue it’s assets is important in enabling it to become competitive and efficient.

VEE has posted a year on year drop in revenue for the first quarter of 2014

Vodafone sees 90 per cent drop in full year profit

Operator group Vodafone has seen a 90 per cent year on year drop in profit for the full year ended March 2013. The operator posted a profit of just £673m, down from £7bn a year earlier, hit hard by a £7.7bn impairment charge in Italy and Spain over the course of the year.

Facebook grows mobile engagement and revenue

Social networking site Facebook has seen a rise in revenue and profit year on year in the first quarter of 2013. The firm revealed that mobile advertising revenue represented 30 per cent of all advertising revenue for the quarter compared with 23 per cent in 4Q12.

Olaf Swantee, CEO at EE, on stage when the firm launched LTE services in London

EE reaches 318,000 LTE subscribers

EE, the first UK player to market with LTE, has announced that it has reached 318,000 LTE subscribers five months after launching the service.

Half of world's population set to be online by 2017

Verizon up, TeliaSonera, America Movil down

This week US operator Verizon reported a net profit of $1.95bn for the first quarter of 2013, a 16 per cent year on year increase compared with the $1.69bn generated in 1Q12. The firm’s first-quarter revenues hit $29.4bn, marking a 4.2 per cent increase on 1Q12.

Jan Frykhammar, CFO, Ericsson

Ericsson holds steady despite loss on rollouts

Ericsson’s first quarter profits fell year on year to SEK1.2bn (€139m) from SEK8.8bn for the same period in 2012, largely due to the boost given to 1Q12 numbers by the firm’s exit from the Sony Ericsson device JV. While the vendor recorded a two per cent uptick in sales to SEK52bn it was hit by currency fluctuations and a disappointing performance from its network rollout business.

Apple's iPhone has been dropped by MTS and Megafon in Russia

Apple posts first profit dip in a decade, analysts expect comeback

Device giant Apple has posted its first quarterly drop in profit in ten years, with $9.5bn 2Q13 (January to March) net profit marking a more than 18 per cent decline on the $11.6bn generated in 2Q12. Quarterly revenue grew year on year however, to $43.6bn from $39.2bn a year ago. Gross margin was 37.5 per cent compared to 47.4 per cent in 2Q12.

Nokia's Lumia 920

Nokia loss an improvement but future still uncertain

Finnish handset manufacturer Nokia has posted a €150m operating loss for 1Q13. Viewed in context this should be encouraging; the loss is a fraction of the €1.338bn the firm lost in the same quarter in 2012.

However, net sales for the same period dropped 20 per cent year on year to €5.85bn from €7.35bn in 1Q12.

China's Ministry of Industry and Information Technology has issued 4G licences to China Mobile, China Unicom and China Telecom

Huawei posts strong growth in 2012

Chinese infrastructure vendor Huawei has posted its financial results for 2012, in which it saw its net profit increase by almost a quarter year on year to reach CNY15.38bn ($2.47bn). Revenue for the year stood at CNY220bn, up from the CNY203.9bn recorded in 2011.

China's Ministry of Industry and Information Technology has issued 4G licences to China Mobile, China Unicom and China Telecom

China Unicom grows data usage with low-cost devices

Chinese operator China Unicom has announced a 92 per cent year on year increase in mobile data usage, attributing the growth in part to the availability of low-cost smarpthones. In an earnings release posted late last week, Unicom referenced an improvement in its smartphone “quality to price ratio”.

MTS and VimpelCom will build LTE networks in Russia

Vimpelcom posts rise in profit for 2012

International operator group Vimpelcom, which is headquartered in Amsterdam, has posted stable earnings results for 2012. In the final quarter of the year, the group’s revenue rose three per cent year on year to reach $6bn, while net income stood at $801m. The firm posted a net loss of $381m in the same quarter of 2011.

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