Russia’s MegaFon has flagged growth in revenue and profits on the back of rising demand for mobile data services and an increase in smartphone sales.
The operator – Russia’s third biggest after MTS (Moscow, Russia) and VimpelCom (Amsterdam, Netherlands) – said revenues for the three months ending September were up by 9%, to RUB77.5 billion ($2.37 billion), while net profit rose by 2.9%, to RUB15.3 billion, compared with the same period last year.
Belgian telecoms companies Belgacom and Mobistar and Dutch KPN's BASE said on Tuesday they bought licences to operate super-fast 4G mobile services in Belgium for 120 million euros ($161.25 million) each.
The 20-year licences for 800 Megahertz (MHz) spectrum were auctioned by the Belgian telecoms regulator, which had already said at the start of October that there were three bidders for three licences.
EE has become the first of the UK’s mobile operators to launch services based on Long Term Evolution-Advanced (LTE-A), the next-generation standard that represents an evolution of the 4G LTE technology now taking off in the UK market.
The network is being rolled out across what is known as London Tech City in the east of the capital and will provide connection speeds of up to 300Mbps, according to EE.
Services are not, however, available on a commercial basis.
Huawei Technologies Co will invest at least $600 million in 5G research over the next four years, the Chinese telecommunications equipment manufacturer said in a statement on Wednesday.
Investment firm PPF Group is on the verge of agreeing a €2.5 billion ($3.38 billion) deal to acquire a controlling stake in Telefonica’s Czech business, reports the Financial Times.
According to sources cited by the UK newspaper, the companies are set to reach an agreement over the next few days.
Telefonica (Madrid, Spain) has been reported to be looking for a buyer of its 66% stake in Telefonica Czech Republic ever since regulatory authorities decided to reserve spectrum in a forthcoming frequency auction for a new entrant to the telecoms sector.
Nokia Siemens Networks says it has expanded the scope of its research partnership with China Mobile to cover 5G as well as other next-generation technologies.
The two companies first teamed up in 2010 to collaborate in the area of mobile broadband, and the extension of their agreement could spur China Mobile’s (Beijing, China) efforts to popularize the TD-LTE variant of 4G, which it is now rolling out across China.
Saudi Telecom has flagged a sharp increase in quarterly profits thanks to the implementation of new cost-cutting measures, and says it is considering the sale of further assets to improve its fiscal position.
The Saudi Arabian incumbent reported a 73% increase in net income for the third quarter, to SAR3.39 billion ($904 million), compared with the same period a year earlier, while revenues for the first nine months of the year edged up by 2.5%, to SAR34.3 billion.
China Mobile has put an advert for the faster 4G mobile network on its website, raising expectations that a long-awaited distribution deal between the world's largest mobile carrier and Apple Inc may be announced as early as next week.
China Mobile's (Beijing, China) website, on its main page, displayed a cartoon tornado alongside the words "the invasion of 4G" and the dates "November 9-11".
The banner links to a page showing two images of smartphones that resemble iPhones, with the caption: "Special discounts for new handsets? The newest? The biggest discounts?"
Telecom New Zealand and Vodafone have picked up the majority of management rights to the country's 700 megahertz spectrum as competition heats up to bring high-speed 4G broadband services to users in rural areas.
Telecom (Auckland, New Zealand), the country's largest telecom company, and Vodafone (Auckland, New Zealand) successfully bid on the maximum three lots of 2x15 megahertz lots for NZ$66 million ($54.55 million) each, while mobile phone operator 2degrees secured two lots of 2x10 MHz bandwidth.
Cellular networks will generate nearly 60% of all M2M connectivity revenues by 2018, according to a new study from ABI Research.
The market-research company predicts that M2M connectivity will be embedded in more than two billion devices across nine key industries by that date, but reckons cellular will be the dominant technology in terms of revenues generated by M2M services.