(Reuters) - Mobile service provider NII Holdings Inc, reporting its ninth quarterly loss in a row, said on Monday it may have to file for bankruptcy after struggling to compete in Brazil and Mexico.
NII shares fell more than 50 percent in after-market trading to 30 U.S. cents, after ending regular trade at 66 cents on the Nasdaq.
A global tier 1 Service Provider (SP) was experiencing a common issue: its circuit inventory data was untrustworthy, so it could not rapidly isolate faults and lacked the granular network intelligence to build out capacity, when and where it was needed. The SP had tried the common solution of periodically purchasing costly blanket bandwidth upgrades but still encountered the symptoms.
WASHINGTON (Reuters) - The top U.S. communications regulator on Friday said he is asking all large U.S. wireless carriers to explain how they decide when to slow download speeds for some customers, after questioning Verizon Wireless about such a plan.
Verizon, the biggest U.S. carrier, said last month that the top 5 percent of high-speed data users on its older unlimited data plans might experience slower speeds starting in October.
MOSCOW (Reuters) - Russia further tightened its control of the Internet on Friday, requiring people using public Wifi hotspots provide identification, a policy that prompted anger from bloggers and confusion among telecom operators on how it would work.
The decree, signed by Prime Minister Dmitry Medvedev on July 31 but published online on Friday, also requires companies to declare who is using their web networks. The legislation caught many in the industry by surprise and companies said it was not clear how it would be enforced.
BEIJING (Reuters) - China's Xiaomi Inc took China's smartphone crown in the second quarter after the Beijing-based firm replaced Samsung Electronics Co Ltd as China's largest smartphone vendor, according to data from Canalys.
Xiaomi shipped just under 15 million units in the three months ended June, while Samsung's 13.2 million unit shipments just beat China's Lenovo Group by around 200,000 units to take second place, said Canalys.
TORONTO (Reuters) - BlackBerry Ltd said on Wednesday its Android and iOS device-management service has won a key security clearance from the U.S. Defense Information Systems Agency (DISA).
The company said the DISA clearance will allow its customers in various U.S. Department of Defense agencies to begin to use its BlackBerry Enterprise Service (BES) 10 system to manage and secure devices powered by Google Inc's Android operating system and Apple Inc's iOS software.
WASHINGTON (Reuters) - Sprint Corp's <S.N> newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftBank <9984.T>.
But his talents will now be put to the test like never before as he must complete the No. 3 carrier's network upgrade while trying to retain customers, who are defecting in droves.
FRANKFURT (Reuters) - The European Central Bank (ECB) has no plans to end its business relations with U.S. telecoms firm Verizon Communications Inc, ECB President Mario Draghi said in response to a query from a member of the European parliament on Thursday.
The German government said in June it had canceled a contract with Verizon as part of an overhaul of its internal communications, prompted by revelations last year of U.S. government spying.
In the letter to Fabio De Masi, Draghi wrote that the ECB "takes the threat of economic espionage very seriously".
(Reuters) - Sprint Corp S.N has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc TMUS.N after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.
Sprint's shares plunged 19 percent to $5.90, while T-Mobile fell 10 percent to $30.38 on Wednesday.
The move is a rare setback for Sprint's Japanese parent, SoftBank Corp 9984.T, whose billionaire founder Masayoshi Son had seen the acquisition as key to taking on U.S. market leaders AT&T Inc T.N and Verizon Communications Inc VZ.N.
TORONTO (Reuters) - BlackBerry Ltd <BB.TO> has concluded a protracted and painful restructuring process and is back on a growth footing, according to an internal memo to all its employees viewed by Reuters.
"We have completed the restructuring notification process, and the workforce reduction that began three years ago is now behind us," said the memo from BlackBerry's Chief Executive John Chen that was sent out on Friday.