Unitech Wireless says it has been given the go-ahead by the Delhi High Court to auction off its assets in India.
The operator is 67% owned by Norway’s Telenor, with Indian property developer Unitech holding the remaining shares. But the two partners have fallen out over the valuation of the business and disagree on how to proceed.
Telenor thinks an open auction will resolve the problem. It plans to form another Indian company and bid for Unitech Wireless assets during that auction. Unitech, however, is opposed to the auction process.
US operator Sprint has signed an agreement with Alcatel Lucent to use the vendor’s lightRadio Metro Cells in its rollout of 4G services across the country.
The technology should allow Sprint to improve the coverage and capacity of its 4G network in busy areas like shopping malls and sports stadiums.
Philippines operator Globe Telecom has reported a sharp fall in profits as it continues to invest in the modernization of its network amid tough competition.
Net income after tax fell by 10% for the first half of the year, to 5 billion pesos ($120 million), compared with the same period last year, despite a 6% increase in revenues to 40.8 billion pesos.
Apple Inc trotted out a veteran designer to bolster its claims that Samsung Electronics copied the iPhone, after the smartphone's 2007 launch triggered a "crisis in design" for the South Korean electronics giant.
Monday marked the second week of a high-wattage trial between the world's most valuable tech company and rival Samsung, which has edged past Apple in market share and is intent on expanding its American footprint.
US mobile giant Verizon Wireless has been forced to pay a $1.25 million fine by the country’s Federal Communications Commission (FCC) for imposing restrictions on its mobile-phone customers.
According to the FCC, Verizon had blocked customers trying to access certain data applications, contravening the terms of its “C-block”, 700MHz spectrum license.
When Verizon received that license it was on the condition that it allowed customers to freely use the devices and applications of their choosing.
Chile has wrapped up its auction of spectrum for new 4G services, raising a total of $12 billion from América Móvil’s Claro, Entel and Telefónica’s Movistar, the country’s three biggest operators.
Each operator receives a 20MHz block of spectrum in the 2.6GHz band, which is being used to support the rollout of 4G services in many other parts of the world.
Qatari telecoms incumbent Qtel has blamed heightened competition and currency movements for a sharp fall in profit during the first half of 2012.
At 1.35 billion riyals ($371 million), net income was 11.8% down on the figure reported for the first half of 2011, despite a 6.1% increase in revenues to 16.4 billion riyals.
Qtel says the bottom line was hit by adverse foreign exchange movement in Indonesia and Algeria. Excluding the impact of currency fluctuations, operational results showed profit growth of 9%, it claims.
Analyst firm Analysys Mason has hit back at a suggestion by the House of Lords, the UK parliament’s upper house, that the government’s broadband plan should demand every community in the country be within reach of an open-access, fibre-optic hub.
Earlier this week, the House of Lords released a new broadband report that criticized aspects of the government’s broadband plan, saying there was too much focus on speed and not enough on providing universal broadband access.
Chinese personal computer maker Lenovo on Wednesday quashed market speculation it was interested in buying struggling Finnish cellphone maker Nokia.
"This must be a joke," Gianfranco Lanci, who runs Lenovo's operations in Europe, Middle East and Africa told Reuters. "There's nothing ongoing."
Shares in Nokia earlier rose up to 17 percent in heavy volumes on market talk that Lenovo may be interested in
Nokia, but gave up most of the gains after Lanci's comments.
Fujitsu Ltd, NTT Docomo Inc and NEC Corp launched a new company on Wednesday to manufacture smartphone chips as Japanese firms attempt to cut their reliance on foreign-made mobile chips.
The venture pits the Japanese companies against Qualcomm Inc, the world's largest mobile chip manufacturer and leading supplier of core microchips used in fast-selling smartphones and tablets.
Fujitsu will own 52.8 percent of Access Network Technology Ltd, which it previously planned to set up on its own.