Mobile operator France Telecom (Paris, France) is putting its Swiss, Austrian and Portuguese units up for sale, which analysts say could raise as much as $2.9 billion. The announcement came as France Telecom announced second-quarter results just short of analysts' forecasts but stuck to its full-year targets.
Telecom operators have begun to announce results for the second quarter of 2011. Earnings varied in the second quarter of 2011, but many European telecom companies are predicted to struggle due to weaker markets. In the U.S., both Verizon and AT&T performed better than expected, but Verizon fell short on iPhone sales, lagging behind AT&T.
Vodafone Group PLC (London, England), who was predicted to outperform other European telecom providers, reported a Q2 data revenue growth of 24.5% year-on-year, to $2.1 billion in 2Q11.
This month backhaul equipment providers began releasing financial results for the second quarters of 2011. Overall, most backhaul providers posted lower-than-expected results, with Calix being one of the only companies to make a profit this quarter. Generally, loss in revenue was unique to each company, with a slow market having a small contributing factor.
Orange (Paris, France) and Google (Mountain View, Calif., U.S.A.) on Wednesday announced a partnership that will use Orange’s Short Message Service (SMS) platform to bring Google’s services to African and Middle Eastern customers.
According to Orange, at the end of 2010, only 1.4% of the population in Africa and Middle East had access to broadband services, compared to 62.5% for mobile services. Orange has a total customer base of around 60 million customers across Africa.
Apple (Cupertino, Calif., U.S.A.) is set to exponentially grow its China business as the country's number one and number three telecom operators’ fight to finalize deals to sell iPhones in the world's largest mobile phone market, with more than 900 million subscribers.
China Unicom (Beijing, China) is the sole operator offering Apple's smartphones, but it is only a matter of time before the number one operator, China Mobile (Beijing, China), and number three, China Telecom (Beijing, China), follow suit, analysts said.
Five Italian telecom operators have submitted requests to participate in an auction of new fourth-generation mobile frequencies, Italy's industry ministry said on Wednesday.
All major Italian mobile phone operators, former monopoly Telecom Italia , Vodafone , Wind, 3 Italia, and the Linkem group showed interest, the ministry said.
Italy's government is banking on the auction to raise about $3.5 billion for its budget and forecasted that it could raise as much as $4.5 billion if all frequencies are sold.
On Wednesday research firm Research and Markets (Dublin, Ireland) announced a new report that provides an overview of the trends and developments in the telecommunications and digital media markets in Malaysia.
Last Thursday telecom operators Etisalat (Abu Dhabi, UAE) and Telefonica (Madrid, Spain) announced that they have signed a Strategic Partnership Agreement to enter into a broad-based cooperation. The partnership will allow both companies to collaborate on a range of strategic areas, including the M2M and Cloud-based industries, according to Telefonica.
Telemedicine is technologically ready to meet the growing demand for access to health services in developing nations and remote areas around the world, say experts from IEEE (New York), a non-profit professional technical association. However, widespread use of telemedicine will require greater collaboration between technologists and clinicians according to the association.
Poland's state-owned utility Energa (Gdansk, Poland) plans to spend $2.16 billion by 2015 to extend its power distribution network and introduce smart grid technology, the company said in a statement on Monday.
The utility plans to build 8,200 kilometers of new grid and modernize an additional 4,200 kilometers.