British telecoms incumbent BT (London, UK) has announced that Luis Alvarez will replace Jeff Kelly as chief executive of the company’s Global Services business.
Having previously served as president of BT Global Services Europe, Middle East, Africa and Latin America, Alvarez will take over from Kelly on October 1.
According to BT, Kelly has decided to return to the US, where he will continue to work for the group in a part-time capacity as a senior executive advisor.
AT&T (Dallas, USA), the No. 2 U.S. mobile service provider, said it set a sales record with Apple's iPhone 5 over the weekend, making it the fastest-selling iPhone the company has ever offered.
AT&T did not disclose how many iPhones it sold, but said the iPhone 5 was still available for preorder and would go on sale from September 21 at AT&T retail stores.
Vodafone (Newbury, UK) is considering whether to set aside money to cover the legal risks of investing in India, according to a story published on Bloomberg.
Until now, the operator has resisted making any such provision, but a change to India’s laws could make it liable for a tax payment of around $2.2 billion.
In an interview with Bloomberg, Andy Halford, Vodafone’s chief financial officer, said the new ruling had forced the company to reconsider its financial arrangements.
U.S. mobile provider AT&T (Dallas, USA) said it set a sales record with Apple's (Cupertino, USA) iPhone 5 over the weekend, making it the fastest-selling iPhone the company has ever offered.
Customers ordered more iPhones from AT&T than any previous model both on its first day of preorders and over the weekend, the company said on Monday.
AT&T did not provide the number of iPhones sold.
The company said iPhone 5 was still available for preorder and would go on sale from September 21 in AT&T retail stores.
Telefonica (Madrid, Spain) said it has picked HP's (Palo Alto, USA) Aurasma technology to expand its mobile advertising offerings in one of the largest deals yet in the emerging market for augmented reality.
Augmented reality, or AR, overlays text or graphics on images viewed on smartphone, tablet and PC screens or through dedicated glasses, enabling features like image recognition.
The boom in smartphones led by Apple Inc's iPhone, which has location capabilities, cameras and sufficient processing power, has enabled people to try out AR technology for themselves.
Apple's iPhone 5, launched to great fanfare in the United States on Wednesday, will not work on superfast mobile broadband networks in much of Europe, potentially confusing consumers and setting back the development of 4G services in the region.
Executives from China's top makers of telecommunications gear denied putting hidden spy code into their equipment at a rare public hearing of the U.S. House of Representatives Intelligence Committee on Thursday.
The officials from Huawei Technologies Co Ltd (Shenzhen, China) and ZTE Corp (Shenzhen, China), rejecting fears that their expansion in the United States poses a security risk, said they operated independently of the Chinese government.
Globecomm’s fourth-quarter net profit has more than tripled as infrastructure revenues were boosted by work on a major government contract.
The satellite operator reported net income of $7.1 million, compared with $2.2 million in the fourth quarter of 2011, but Globecomm (Haupagge, USA) attributes the increase largely to “a change in fair value of the ComSource earn-out”.
Globecomm acquired software developer ComSource in April 2011 for $20 million, funding $18 million of the transaction through a credit facility with Citibank.
Mobile operator M1 (Singapore) has signed up network manufacturer Ericsson (Stockholm, Sweden) to upgrade its mobile backhaul network.
The operator says the work is necessary because of the increasing demand for bandwidth, caused largely by the rise of internet browsing and video streaming on mobile devices, as well as the launch of LTE services.
Swisscom (Worblaufen, Switzerland) has announced plans to buy a 75% stake in Telecom Lichtenstein (Vaduz), the incumbent telecoms operator in the small European principality.
It has already signed a declaration of intent with authorities in the country but has not disclosed the details of any pending financial transaction.
Swisscom intends to acquire the telecoms business and infrastructure that is currently held by the Lichtenstein power company (LKW) and ingrate them with its own operations.