Ericsson’s new chief finance officer had something of a baptism of fire at the company’s investors’ conference in New York on Tuesday. The newly installed Hans Vestberg had the tough job of revealing yet more doom and gloom for the Swedish kit maker. The crux of the message was that fourth quarter revenues would likely […]
French conglomerate Vivendi said Tuesday that it has called off discussions with Middle Eastern company Saudi Oger regarding an investment in Oger Telecom. Vivendi did not give a reason for the breakdown in talks and only said it will continue to pursue an acquisition strategy “with the emphasis on value creation at an acceptable price, […]
Finnish manufacturer Nokia has scored something of a coup with its newly launched Music Store, bagging the rights to sell the forthcoming Kylie album before it goes on general release. Described as “the most anticipated album of the year”, ‘X’ by Kylie will be exclusively available to download from the Nokia Music Store on November […]
Corporate raider and billionaire investor Carl Icahn has increased his personal holding in US device and kit manufacturer Motorola, to 3.3 per cent. This makes him the third largest stakeholder in the company behind investor Dodge & Cox and Capital Research & Management. The move could put further pressure on Motorola CEO, Ed Zander, to […]
Wireless broadband technology Long Term Evolution (LTE), moved a step closer to commercial reality on Thursday as Alcatel-Lucent and LG Electronics announced the completion of test calls. The companies, which carried out the multi-vendor interoperability testing initiative using Alcatel-Lucent’s LTE kit and mobile device prototypes from LG, said the announcement represented a key milestone in […]
Perhaps feeling the pressure of Google’s advance into the mobile space, Microsoft spent $46m on the acquisition of mobile music firm Musiwave on Thursday. The Redmond Giant bought the entertainment unit off mobile software and applications developer Openwave Systems. “Musiwave’s strong customer relationships, superior quality of services, and leadership position in mobile music were attractive […]
The already clouded waters of cellular technology patent disputes were muddied further on Wednesday, when US chip shop Qualcomm scored a minor victory against Nokia. This week, the District Court in The Hague dismissed a complaint filed by Nokia seeking to limit Qualcomm’s intellectual property rights. Tensions between the two firms have been strained since […]
Vodafone, the “world’s biggest carrier in terms of revenue”, recorded a profit of £3.3bn during the six months to September 30, compared to a loss of £5bn during the same period last year. The Big V also kept its monster revenues up, increasing sales by 9 per cent year on year to reach £17bn, driven […]
Mobile trade body the GSM Association (GSMA) and Microsoft believe that the addressable market for laptops with built in mobile broadband is in the region of 70 million units worldwide, amounting to some $50bn in potential revenues. The research released Tuesday claims to have discovered a ‘gap’ of potentially 46.5 million units between existing industry […]
German conglomerate Siemens appears keen to hold onto its stake in the Nokia Siemens Networks joint venture, despite previously expressing concern about its potential. On Thursday, Siemens’ equity Investment unit posted a loss of Eur11m in the quarter to end September 30, compared to a Eur75m gain in the same period a year earlier. The […]
US manufacturer Motorola is to cut an additional 4,000 jobs in a bid to turn the flagging company around, the firm said late Wednesday. The latest round of cuts are in addition to the previously announced reduction of 3,500 workers, which is expected to be completed by June 30 and will save the troubled company […]
The US General Services Administration (GSA) has awarded America’s biggest ever telecommunications contract – a ten year deal worth $48bn – to AT&T, Qwest and Verizon. Sprint Nextel was not chosen. Each of the winners will split $525m and pitch against one another with different federal agencies for varying contracts. Each of those government agencies […]
Mobile manufacturer Nokia announced this week two mobile advertising services designed for targeted campaigns on the handset. Nokia Ad Service and Nokia Advertising Connector will, according to the Finnish firm, allow companies to personalise advertising on the mobile in a way that is much harder to do on traditional media. Nokia Ad Service consists of […]
The billionaire investor, Carl Icahn, will buy $2bn (£1.02bn) of Motorola stock, the world’s second largest mobile manufacturer said Thursday. Icahn has been associated with Motorola since his comments in January about the company’s stock being undervalued. He also suggested Motorola reward investors with bigger paybacks, seen by some as a slight to Ed Zander, […]
Swedish equipment manufacturer Ericsson, said Tuesday that it had signed a three year GSM etension contract with IDEA Cellular of India. In a statement, Ericsson said it will provide microwave transmission and softswitch technology. No financial details of the deal were revealed. In the statement, Ericsson said the network would be built in Maharashtra, Gujarat, […]
Staff at Nokia in Finland are staging a strike Friday in protest at the company’s recent layoffs, according to the Reuters news agency. The world’s leading mobile manufacturer, which is based in the Scandinavian territory, said last week that it intends to axe up to 700 jobs, with at least 340 from its home country. […]
Motorola on Monday unveiled its plans to turn around recent “disappointment”, with its ebullient CEO, Ed Zander pedaling onto the CES stage in Las Vegas, on a yellow bicycle – apparently an example of “expense controls”. The world’s No. 2 handset maker vowed to improve media services on its phones and announced partnerships with internet […]
