Telecom operators have begun to release financial results for the third quarter of 2011. In the United States, AT&T, Verizon Communications and Sprint all posted revenue in line with expectations, although both AT&T and Verizon saw weak smartphone sales. In Europe, France Telecom was hurt by the weak European market, and has continued to move into the Middle East and Africa to offset its losses.
Clearwire Corp (Kirkland, Wash., U.S.A.) needs another big wholesale customer to make investors less nervous about buying stock in the wireless service provider, which is majority owned by its biggest customer Sprint Nextel (Overland Park, Kan., U.S.A.).
Some on Wall Street worry that Clearwire -- which has been seeking almost $1 billion more financing to fund its operations and upgrade its network -- is over-reliant on Sprint, with which it has clashed repeatedly in the past.
A judge on Wednesday ruled that Sprint (Overland Park, Kan., U.S.A.) and C Spire Wireless (Ridgeland, Miss., U.S.A.) can pursue part of their antitrust lawsuit against AT&T Inc's (Dallas, Texas, U.S.A.) proposed $39 billion acquisition of T-Mobile USA, a unit of Deutsche Telekom AG (Bonn, Germany).
AT&T and T-Mobile had sought to dismiss the lawsuit, but U.S. District Judge Ellen Huvelle agreed to allow the competitors to pursue their injury claims about the effect the deal would have on the market for wireless devices.
On Tuesday, Sierra Wireless (British Columbia, Canada) and the Eclipse Foundation (Ontario, Canada), a nonprofit vendor neutral corporation consisting of individuals across the software industry, announced the formation of a new Industry Working Group to define and implement an open standard platform for the software development tools used in developing machine-to-machine (M2M) applications.
Despite several years of economic woes and rapidly expanding debt, The Republic of Ireland has announced its commitment to Electric Vehicles (EVs) and an aggressive roll-out of charging infrastructure. The country is installing 1,500 public charging stations this year, which puts the country on pace to have a greater penetration per capita than the United States.
Digi International (Minnstonka, Minn., U.S.A.) on Tuesday announced that its embedded 3G system-on-module has been certified by Sprint (Overland Park, Kan., U.S.A.), which allows M2M device manufacturers to add 3G connectivity to their devices without having to go through a certification process.
ConnectCore 3G -- the embedded 3G system-on-module with integrated application processing- also offers cloud connectivity with the iDigi Device Cloud.
Fleet Management Solutions (San Luis Obispo, Calif., U.S.A.), a provider of telematics systems, on Tuesday announced it has been selected by the U.S. Justice Department, Federal Bureau of Prisons (BOP) to equip its fleet vehicles and other mobile assets, with its vehicle tracking and mobile management system.
Sony Corp (Tokyo, Japan) is to take over its mobile phone joint venture with Ericsson (Stockholm, Sweden) for $1.5 billion, as it seeks to exploit its music and video assets to help it catch smartphone leaders such as Apple Inc (Cupertino, Calif., U.S.A.).
The deal to buy out its Swedish partner will enable Sony to better integrate smartphones and other devices with its array of content, from its music label, movie studio and Playstation video games.
ZTE Corp (Shenxhen, P.R.C.) and China Unicom (Beijing, P.R.C.), China’s second largest telecommunications equipment maker and carrier respectively, reported third quarter net profit that missed expectations, with both companies grappling with pressured margins.
ZTE posted a second straight fall in quarterly profit mainly due to the weakness in the euro and a delay in value-added tax rebates, while China Unicom's profit was up by a worse-than-expected 21% as it doled out subsidies to attract more 3G users.
Samsung Electronics Co (Seoul, South Korea) overtook Apple Inc (Cupertino, Calif., U.S.A.) as the world's top smartphone maker in the July-September period with a 44% jump in shipments, and forecast strong sales in the current quarter in a clear warning to its rivals.