STOCKHOLM/FRANKFURT (Reuters) - Ericsson, the world's No.1 mobile network equipment maker, topped second-quarter sales and profit forecasts and said its mainstay North American business had stabilized after three quarters of declines, lifting its shares as much as 6 percent.
Mobile operators in North America, which accounts for about a quarter of Ericsson's turnover, have largely finished building out the latest 4G networks, meaning suppliers are having to focus on upgrading congested parts of existing networks there.
SAO PAULO (Reuters) - Nextel operator NII Holdings Inc is stepping up investment in Brazil to expand its tiny share of the mobile telephone market and has no plans to sell out despite an economic slowdown, its chief operating officer said.
The downsized company will plow into Brazil a good part of the resources generated by the recent $1.8 billion sale of its Mexican operations to AT&T, NII Holdings COO and Nextel Brazil president, Gokul Hemmady, told Reuters.
COLOGNE, Germany (Reuters) - Deutsche Telekom will consider any partner that can improve profitability at its U.S. operations, its chief executive told the company's annual shareholders meeting.
Chief Executive Tim Hoettges said on Thursday T-Mobile US, of which Deutsche Telekom owns 66 percent, was in much better shape than two years ago.
"But it is our duty to go on improving the return on T-Mobile US," he added. "If we find a partner who will help us to do so, we will obviously consider it."
BEIJING (Reuters) - China will spend more than $182 billion to boost Internet speeds by the end of 2017, a top government body said, as Beijing moves towards a more service-driven economy to boost growth.
The State Council said the government will invest more than 430 billion yuan ($69.3 billion) this year on network construction, with at least another 700 billion yuan ($112.8 billion) spent over the following two years.
The goal is to accelerate the development of fiber optic broadband and high speed 4G mobile networks, the governing body said on its website.
LONDON (Reuters) - Britain's Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe's mobile market is edging towards recovery.
The world's second largest mobile operator has been hit hard by the constraints on consumer spending in its big European markets, fierce competition in India and by regulator-imposed price cuts around the world.
But on Tuesday it finally forecast 2016 core earnings growth on an organic basis following seven straight years of declines.
ANKARA (Reuters) - Turkey could cancel a May tender for 4G telecoms infrastructure after President Tayyip Erdogan urged the country not to "lose time" with the technology and move straight to 5G, the trade minister was quoted as saying on Tuesday.
Erdogan last week called for a move to fifth-generation mobile networks, within two years, skipping the current 4G technology, which cast doubt over the ongoing tender process.
Turkish telecommunications are currently based on 3G technology.
DETROIT (Reuters) - General Motors Co will generate $350 million in improved profit over the three years to 2018 from its rollout of 4G LTE mobile broadband in its cars and trucks, the No. 1 U.S. automaker's chief financial officer said on Wednesday.
Chuck Stevens, speaking at a Bank of America Merrill Lynch conference, called GM's OnStar 4G LTE connection an "untapped, under-appreciated opportunity."
4G LTE is a wireless connection that allows faster flow of data and developing better in-car technology is critical to automakers like GM to attract younger, tech-savvy buyers.
ADDIS ABABA (Reuters) - Ethiopia's state-run telecoms monopoly has launched a fourth generation (4G) mobile service in the capital Addis Ababa, aiming to catch up with the high-speed communications available in some east African neighbors such as Kenya and Uganda.
Africa's telecoms industry is booming, with subscribers across the continent totaling almost 650 million in 2013, up from just 25 million in 2001, according to the World Bank.
But analysts say high-speed connections are vital to maintaining growth and supporting the wider economy.
SINGAPORE, (Reuters) - Data traffic on Chinese mobile devices jumped almost 50 percent last year but overall usage was modest by global standards, reflecting low consumption in rural areas that hasn't gone unnoticed by telecoms firms.
STOCKHOLM (Reuters) - Swedish telecom equipment supplier Ericsson said on Wednesday it filed a complaint against Apple Inc over mobile technology license payments, responding to a lawsuit from the iPhone maker earlier this month.
Ericsson said in its filing to a U.S. district court that Apple's license to use technology developed by the Swedish firm and used in many smartphones and tablet computers had expired, and that two years of negotiations had not led to a new deal.
Ericsson wants the court to determine whether its license offer to Apple is fair.