China Mobile has reported falling profits for the first nine months of the year, with investments in a 4G network and the cost of subsidizing smartphones taking a toll on the operator’s performance.
China’s biggest mobile operator by customer numbers flagged a 9.4% increase in revenue, to RMB463 billion ($76 billion), for the nine months ending September, but said profits slid by 1.9%, to RMB91.5 billion, over the same period.
AT&T has agreed a $4.85 billion deal with infrastructure company Crown Castle in a deal aimed at improving its financial flexibility and value to shareholders.
The US operator is to lease rights to approximately 9,100 of its towers to Crown Castle (Houston, TX, USA) –which will also buy another 600 towers outright – and then sublease capacity on those towers as and when required.
Japan's SoftBank Corp said on Friday it had agreed to pay $1.26 billion for a 57 percent stake in privately held cellphone distributor Brightstar Corp as it looks to boost its bargaining power with handset makers.
SoftBank (Tokyo, Japan), which owns 80 percent of No. 3 U.S. mobile operator Sprint Corp (Overland Park, KS, USA), said that under the agreement its ownership of Brightstar (Miami, FL, USA) would increase to 70 percent over the next five years, or upon certain unspecified events.
Motorola Solutions Inc is exploring the sale of its underperforming wireless LAN business, which has grappled with declining share in a market dominated by rivals such as Cisco Systems Inc, people familiar with the matter said.
An exit from the wireless LAN market would come as Motorola (Schaumberg, IL, USA), the provider of data communications and telecommunications equipment, seeks to focus on its core government and public safety division.
Telekom Austria Chief Executive Hannes Ametsreiter said on Friday he did not expect key shareholder Carlos Slim's America Movil to make any unfriendly moves towards the Austrian company.
"The Mexicans have shown themselves to be good partners. One thing I think they won't do is to act in a hostile way. I think you can rule that out," he told the Gewinn Messe retail investor fair.
He added he did not know if America Movil (Mexico City, Mexico) intended to increase its near 23 percent stake.
Erstwhile Telecom Italia chief executive Franco Bernabe has resigned from his role as chairman of the GSM Association.
The move was expected, coming shortly after Bernabe stood down from his position as chairman and chief executive of Italian phone incumbent Telecom Italia (Milan, Italy).
The market for small-cell backhaul in outdoor settings is poised for rampant growth next year, according to a new study from Infonetics Research.
Operators are increasingly looking to small-cell technology to plug gaps in existing coverage and boost the capability of their networks.
Pressure on current investments is growing as consumers rush to adopt new smartphones and other devices that can be used to access high-speed internet services.
Spain’s Telefonica may find it difficult to sell its Czech subsidiary to PPF Group for a satisfactory price, according to Bloomberg.
The operator this week revealed it was in discussions with the investment group, owned by Czech billionaire Petr Kellner, as it considers “strategic alternatives” for Telefonica Czech Republic, in which it currently holds a stake of about 70%.
Indian telecoms authorities have hit mobile operator Idea Cellular with a fine of INR6 billion ($97 million) for illegally merging with smaller rival Spice Communications, reports the Times of India.
According to press reports, India’s Department of Telecommunications (DoT) regarded the tie-up as a “willful” violation of certain licensing conditions preventing a telecoms company from owning more than 10% of another in the same service area.
Alcatel-Lucent's future is at risk after the telecoms company, which has been in the red since 2006, missed key technological shifts, its chief executive Michel Combes said on Tuesday as French workers protested against job cuts.
The Franco-American group last week unveiled plans to slash 10,000 jobs worldwide, including 900 in France, arguing the cuts were its last chance to stem years of losses and turn the company around.
"This company could disappear," Combes told Europe 1 radio.