Norway’s Telenor will participate in India’s auction of 2G spectrum next month, joining Bharti Airtel, Vodafone, Idea Cellular and Tata Teleservices in the process.
Telenor (Fornebu, Norway) has been operating in India through its Uninor joint venture with Unitech, an Indian real-estate business, but its spectrum licenses were cancelled earlier this year after an Indian court found there had been irregularities during their award in 2008.
Telecoms equipment maker Alcatel-Lucent plans to axe 5,490 jobs worldwide as part of a cost-saving program unveiled in July, with more than a quarter of the cuts coming in France.
Union representatives in France on Thursday pledged to fight the 1,430 job cuts in France and called on the government to intervene, creating another headache for the new Socialist government as it tries to tackle unemployment which is at a 13-year high.
"We are in shock," Isabelle Guillemot, of the CFDT union, said, calling on workers to hold protests on Friday.
U.S. telecommunications group Verizon Communications Inc posted a 16 percent increase in quarterly profit, helped by higher revenue in its wireless business after it raised data prices and started selling the latest Apple iPhone.
Verizon (New York, USA) said on Thursday it was on track to meet 2012 financial goals, with capital spending for the year expected to be lower than the $16.2 billion total in 2011.
Telefonica hopes to raise around 1.5 billion euros ($2 billion) by selling part of its O2-branded German subsidiary on the stock market.
Europe's largest telecoms company by revenue has said it could also sell businesses in Latin America as it tries to cut its 58 billion euro debt pile and hang on to its prized investment-grade rating, under pressure from the euro crisis in its Spanish home market.
China's Huawei Technologies Co Ltd said on Wednesday a U.S. congressional committee probe into whether its access to communications infrastructure poses a security risk is unlikely to affect its businesses in other overseas markets.
The House of Representatives' Intelligence Committee issued a report earlier this month urging U.S. companies to stop doing business with Huawei (Shenzhen, China) and ZTE Corp (Shenzhen, China), the world's No.2 and No.5 telecommunications equipment vendors respectively, over security concerns.
Thailand's top three telecoms companies bid 41.63 billion baht ($1.36 billion) on Tuesday to obtain spectrum for new 3G services as part of the country's plans to expedite the introduction of long-delayed high-speed third-generation mobile services.
The new 3G spectrum will enable companies to tap more revenue from fast-growing data services and reduce regulatory costs under a new licensing regime.
China's No.2 telecommunications equipment maker ZTE Corp, under fire in the United States over cyber security concerns, has sold a subsidiary which sells surveillance systems.
The decision to dispose of ZTE Special Equipment Co, also known as ZTEsec, was made on September 21, during a U.S. Congressional committee investigation into ZTE (Shenzhen, China) and its local rival Huawei Technologies Co Ltd (Shenzhen, China).
The FTTH Council Europe has risked embarrassing the UK government by drawing attention to the country’s lack of superfast broadband investment and adoption despite authorities’ bold plans to have “the best superfast broadband network in Europe by 2015”.
In its latest set of FTTH rankings, showing which countries in Europe have the most superfast broadband subscribers, the lobby group singles out the UK as “conspicuously absent”.
Cable & Wireless Communications (C&W) is in discussions to sell its 51% stake in a Macau telecoms operator as it looks to reduce debt and focus efforts on the Caribbean region.
The operator confirmed earlier today that it was holding talks with CITIC Telecom International Holdings (Hong Kong) about selling its shares in Companhia de Telecomunicações de Macau (CTM), which provides mobile-phone services and broadband services and is the only fixed-line voice business in Macau.
TPSA, Poland’s former state-owned telecoms monopoly, has warned investors it will fail to meet previous full-year earnings objectives because of the harsh macroeconomic conditions and intensification of a price war in the mobile-phone market.
The warning came as the operator, majority owned by French incumbent France Telecom (Paris), published third-quarter results that showed a 5.5% drop in revenues, to 3,473 million zlotys ($1.11 billion), compared with the same period last year, and an 18.6% decline in net income, to 307 million zlotys, before adjusting for tax relief.