China's Xiaomi to invest $1 billion to expand internet TV content

Burgeoning TV unit includes its Xiaomi TV as well as a set-top box

Reuters

BEIJING (Reuters) - China's Xiaomi Technology Co Ltd [XTC.UL] said on Tuesday it would spend $1 billion to expand its internet TV content as the world's third largest smartphone maker ramps up its push into the living room, and a market estimated to be worth $3 billion.

Xiaomi's burgeoning TV unit includes its Xiaomi TV as well as a set-top box, which both use its software and content. The company is best known for its budget smartphones and tablets that have won it legions of fans worldwide.

Sprint's CEO faces mounting challenges to turn company around

Pledges to reduce annual costs by $1.5 billion, announces 2,000 additional job cuts

Reuters

WASHINGTON (Reuters) - When Marcelo Claure took the top job at Sprint Corp two months ago, he faced an uphill climb in turning around the No. 3 U.S. cellular provider. On Monday, it became clear quite how steep that road to recovery will be.

The Bolivian entrepreneur, who was installed as CEO after the collapse of merger talks with T-Mobile US Inc, already faced the task of stemming growing subscriber defections as the company seeks to upgrade its subpar network.

Wireless calls between Verizon and AT&T to be carried on data network by 2015

Technology could also allow customers to purchase devices that are not bound to a particular carrier

Reuters

WASHINGTON (Reuters) - Verizon Communications and AT&T Inc expect to be able to transmit wireless voice calls between the two carriers over high-speed data networks by 2015, the companies said on Monday.

The technology is expected to improve the quality of calls and allow for video calling and voicemail.

The calls would be transmitted using a technology known as Voice over LTE, which repackages voice calls as data and transmits them over carriers' high-speed data networks.

Africa phone tower firm IHS raises $2.6 billion

Deploying towers in Africa is typically more expensive than in other regions

Reuters

DUBAI (Reuters) - Nigerian phone tower group IHS has raised $2 billion in equity and $600 million in debt in what it says is the biggest equity fund raising by an African company this decade.

IHS, the continent’s largest tower company, will use the money to finance infrastructure spending and recently agreed acquisitions, according to a company statement on Monday.

It said the equity funding was from new and existing shareholders, but did not provide further details.

Japan's wireless carriers told to unlock phones starting next year

Govt demands that all smartphones and tablets to be sold with SIM unlocked upon customers' request starting in May

Reuters

TOKYO (Reuters) - Japan's wireless network providers are to lift restrictions on which network their subscribers can use, the government said, demanding that all smartphones and tablets to be sold with their SIM cards unlocked upon customers' request starting next year.

The Ministry of Internal Affairs and Communications said on Friday that all smartphones and tablets are to be sold with their SIM cards unlocked if customers ask for it and at no cost to users, from May 2015.

Comcast, AT&T join Verizon to reassure no plans for Internet 'fast lanes'

Critics have urged the FCC to reclassify ISPs so they are regulated more like public utilities

Reuters

WASHINGTON (Reuters) - Comcast Corp and AT&T Inc have no plans to create Internet "fast lanes" that may hurt consumers' freedom to roam the Web, the leading U.S. broadband providers told the U.S. Senate Judiciary Committee chairman in recent letters.

Senator Patrick Leahy last week wrote to top Internet service providers (ISPs), urging them to pledge that they would not enter any so-called paid prioritization deals, in which content companies would pay ISPs to ensure smooth and fast delivery of their traffic.

Oi, America Movil, Telefonica to bid for Brazil's TIM, sources say

The companies agreed to present a single offer to minority shareholders and Telecom Italia

Reuters

SAO PAULO/MILAN (Reuters) - Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais ($13 billion) for TIM Participações SA, two sources with direct knowledge of the matter said on Friday.

The companies agreed to present a single offer to minority shareholders and Telecom Italia SpA, which owns about 67 percent of TIM Participações, Brazil's No. 2 wireless carrier, said the first source, who requested anonymity as the deal is still in the works.

Ericsson flags North America slowdown

Period of intense network investment may be drawing to a close

Reuters

STOCKHOLM (Reuters) - Mobile telecoms gear maker Ericsson said on Friday a slowdown in North America created uncertainty over fourth quarter sales as operators cut spending after big investments in high-speed networks.

A build-out of the newest 4G/LTE networks by operators in North America, where Ericsson makes about a quarter of its sales and Chinese rival Huawei is effectively barred from doing business, has supported the Swedish firm at a time of stagnation in much of Europe.

EU and China end telecoms row as EU drops threats against Huawei

Both sides agree to task an independent authority to monitor market shares

Reuters

BRUSSELS (Reuters) - The European Union has ended a long-running telecoms row with China, the EU's trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world's top trading powers.

As Reuters reported exclusively on Oct. 8, the deal struck between Brussels and Beijing sets out a framework for China to address EU concerns about subsidies to Huawei [HWT.UL], China's No. 2 telecoms equipment maker, and its smaller rival ZTE.

China Mobile quarterly revenue falls for first time since at least 2009

After years of sizzling growth, reversal highlights mounting pressure

Reuters

BEIJING (Reuters) - Quarterly revenue at China Mobile Ltd fell year-over-year for the first time since at least 2009 as China's largest telecom provider continued to stumble in the face of rising competition from popular Internet-based messaging apps.

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