du, the number two operator in the United Arab Emirates, has said it will focus on profitability and worry less about market share, after reporting second-quarter results earlier this week.
The operator reported an impressive 57.1% increase in net income, year on year, to 651 million dirhams ($177 million), but noted a slight fall in its mobile market share, to 46.5%, due to renewed competition from rival Etisalat.
KT Corp., South Korea's No. 2 wireless service provider, apologized on Sunday after personal data of millions of mobile phone subscribers was hacked.
It is the latest in a string of large-scale personal information hacking cases in one of the world's most wired countries.
Police said two computer programmers had been arrested for hacking personal data of about 8.7 million KT subscribers. KT claims a mobile service subscription membership of 16 million.
Apple Inc and Samsung Electronics Co Ltd take their battle for mobile supremacy to court on Monday in one of the biggest-ever technology patent trials, a case with the potential to reshape a fast-evolving market they now dominate.
AT&T’s board of directors today authorized a share buyback of up to 300 million additional shares.
The amount of shares represents about 5% of its outstanding stock and would be worth some $11.1 billion according to Friday’s closing price.
“This action allows us to continue returning cash to our shareholders through dividends and buybacks while maintaining a strong balance sheet and investing in the future of our business,” said Randall Stephenson, AT&T’s chairman and chief executive.
French telecoms incumbent France Telecom has managed to slow its loss of mobile-phone customers, many of whom were believed to be defecting to new rival Iliad.
France Telecom lost a staggering 615,000 customers in the first quarter of the year, when Iliad first entered the market, but customer losses for the second quarter were a less troubling 155,000.
Iliad has an established fixed broadband operation in France but won a licence to provide mobile-phone services in 2009, finally launching earlier this year.
Apple Inc results fell short of Wall Street's lofty expectations as a sagging European economy and a pause in iPhone sales ahead of a new version saw revenues slip from the previous quarter.
Shares fell more than 5 percent to $570.81 in late trade after the world's most valuable technology company - which beats expectations with near regularity - reported its second quarterly miss in less than a year.
Apple's suppliers also felt the pain. Shares of LG Display, Toshiba and Hon Hai sank between 5 and 7 percent.
Arguments around U.S. family dinner tables may soon go from who talked too much on the phone this month to who used up the family's Internet service.
Thanks to new metered pricing plans for Internet access unveiled by top U.S. cellular providers Verizon Wireless and AT&T Inc families will be able to share a single data allowance for multiple devices. A drawback is the higher price of data in these plans.
Bezeq Israel Telecom has launched Israel's first free public WiFi service as the country's largest telecoms group seeks to maintain its leadership amid increasing competition.
Customers agreeing to securely share a small part of their home Internet bandwidth will have free WiFi access when using smartphones, tablets and laptops at potentially hundreds of thousands of hot spots across the country.
Texas Instruments Inc's second-quarter profit beat Wall Street expectations but the company warned that its third-quarter revenue would be weaker than usual for this time of year as customers are cautious due to global economic uncertainties.
Shares of TI, which makes chips for a wide range of products such as cellphones and industrial equipment, fell 1 percent in extended trade after it said Monday that orders weakened in June and that its backlog for shipments due in September is also lighter than expected.
Network equipment maker Cisco Systems said on Monday that it plans to cut about 1,300 jobs as part of ongoing efforts to restructure the company.
"We are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population," the company said in an emailed statement.
These actions are part of a continuous process to simplify the company and assess the economic environment in certain parts of the world, it said.