A slowdown in network equipment and device markets has taken its toll on China’s ZTE, which has reported a net loss of RMB2.84 billion ($457 million) for 2012, compared with a net profit of RMB2.06 billion the year before.
China’s second-biggest network equipment maker, behind Huawei (Shenzhen, China), ZTE (Shenzhen, China) also reported a 2.36% decline in revenues, to RMB84.22 billion.
In a statement accompanying the figures, ZTE pointed to the slowdown in equipment investments by the global telecoms industry in 2012.
China's ZTE Corp, which helped bring the telephone to millions of homes during the Deng Xiaoping era, is counting on a new generation of tech-savvy smartphone users to drive at least $7.5 billion of 4G network projects and elevate its sagging fortunes.
Clearwire shareholder Crest Financial has hired proxy-solicitation firm D.F. King & Co. to help it fight the proposed takeover of Clearwire by majority owner Sprint.
Noting that it is the largest Clearwire (Bellevue, WA, USA) shareholder currently unaligned with Sprint (Overland Park, KS, USA), Crest (Dallas, TX, USA) has also demanded that Clearwire make available the company’s list of shareholders.
Despite the doubts about its appropriateness, LTE technology offers numerous benefits as an M2M communications technology, according to new research from Heavy Reading.
In a new paper, the analyst company claims that LTE can help to reduce operating costs associated with M2M services, and offer a “future proof” alternative to more widely used 2G and 3G systems.
French telecoms regulator ARCEP has introduced rules allowing Bouygues Telecom, the country’s third-biggest operator, to use its 1800MHz spectrum to provide 4G services.
Until now, the spectrum has been reserved for use with much older, 2G services, but the ARCEP decision means Bouygues (Paris, France) will be able to introduce LTE technology in the 1800MHz band from October 1 this year.
It will, however, be forced to relinquish some of its 1800MHz holdings so it does not gain an unfair advantage over its rivals.
China Mobile Ltd said it plans to spend 41.7 billion yuan ($6.7 billion) developing 4G technology this year, hoping to tap pent-up demand for Apple Inc smartphones as it gets an iPhone model that will finally run on its network.
The world's largest mobile carrier - with more than twice as many subscribers as there are people in the United States - already has more than 10 million of its customers owning an iPhone even though the gadget doesn't properly work with the Chinese firm's homegrown TD-SCDMA 3G technology, which is not compatible with global technologies.
SSTL, the Indian unit of Russian investment company Sistema, has announced it will pay $665 million for 800MHz spectrum in eight of the 21 telecoms ‘circles’ where it had licenses revoked by authorities last year.
The company was the sole bidder in a government auction of frequencies used to support CDMA-based services.
SSTL’s new licenses are valid for 20 years and cover the regions of Delhi, Kolkata, Gujarat, Karnataka, Tamil Nadu, Kerala, Uttar Pradesh (West) and West Bengal.
The Czech telecoms regulator has taken the unusual step of suspending a 4G spectrum auction because bid prices had risen too high.
In a statement on its website, the CTU said that bid prices had reached about CZK20 billion ($1 billion), nearly three times the minimum amount of CZK7.4 billion established at the outset of the auction.
The regulator’s fear seems to be that operators will pass those costs on to 4G consumers, inhibiting the take-up of high-speed mobile internet services in the Czech market.
Wireless service provider Clearwire Corp said on Wednesday it would draw on $80 million in financing from Sprint Nextel Corp, which is seeking to buy it, but vowed to continue talks with rival bidder Dish Network Corp.
Shares of Clearwire (Bellevue, USA) fell 3 cents to $3.17 after the decision, which could end Dish (Meridian, USA) Chairman Charlie Ergen's effort to buy Clearwire. But the stock was still above Sprint's offer of $2.97 per share, showing that investors still held out hope for a higher valuation.
South Korean telecom executives have a message for European cousins who have long looked on in envy at the highly connected Asian market: Be careful what you wish for.
South Korea, the world's most wired country with 30 percent of its 50 million mobile users on superfast networks, has inspired many European operators ahead of their own rollout of networks based on LTE, or fourth-generation technology.