AT&T Inc posted third-quarter revenue below Wall Street estimates as it added fewer customers than expected, citing a shortage of the latest Apple Inc iPhone.
The No. 2 U.S. mobile service provider said it had 151,000 net new subscribers in the quarter, compared with the average expectation for 358,000, according to five analysts contacted by Reuters.
Its bigger rival, Verizon Wireless (New York, USA), added 1.5 million subscribers in the quarter.
Mobile operator EE said Britain's first 4G service will cost from 36 pounds ($57.72) a month under a pricing strategy designed to lure smartphone customers to its superfast network before rivals are able to launch competing products.
Chief Executive Olaf Swantee said the company's tariffs, which range from 36 pounds for 500MB of data to 56 pounds for 8GB, were about 10-20 percent more than for equivalent 3G plans. He said it was a small premium to pay for up to five times faster connections.
Norwegian telecoms firm Telenor
Telenor (Fornebu, Norway), which has over 150 million subscribers across Europe and Asia, said earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6.1 percent to 8.796 billion crowns ($1.53 billion), beating the average of forecasts for 8.54 billion crowns.
T-Mobile USA has insisted that a merger with MetroPCS would make it a stronger rival to AT&T, Verizon and Sprint without upsetting the competitive balance of the US market.
In a regulatory filing published by the Federal Communications Commission this week, the operator sought approval for its proposed tie-up with MetroPCS (Richardson, USA), the country’s fifth-biggest operator, announced earlier this month.
Dutch incumbent KPN reported declining profits and revenues for the third quarter, with tough competition in Germany’s mobile-phone market largely blamed for the slump.
The operator’s net income fell by 38%, to €250 million ($324 million), compared with the third quarter of 2011, while revenues dropped 3.6% to about €3.1 billion.
Qtel, Qatar’s state-controlled operator, is interested in purchasing Vivendi’s stake in Maroc Telecom, the largest telecoms business in Morocco, reports the Financial Times.
Thought to be interested in concentrating on its media business henceforth, the French conglomerate is reviewing its ownership of various telecoms businesses, including Maroc Telecom (Rabat, Morocco), in which it holds a 53% stake, and SFR (Paris, France), a French mobile-phone operator.
China Mobile reported a 1.4% rise in net profit, to 93.3 billion yuan ($14.9 billion), for the first nine months of the year, with growing take-up of mobile data services spurring a 6.4% increase in revenues, to 408.6 billion yuan.
China’s biggest mobile-phone operator has been focusing on improvements to service quality as the market matures, economic growth slows and competition intensifies.
Egypt-based Orascom Telecom Holding is planning to exploit a change in legislation that will allow it to take full control of Wind Mobile, its Canadian mobile-phone subsidiary.
The company has asked shareholders to approve a proposal that would let it convert non-voting shares in Globalive (Toronto, Canada), the holding company that owns Wind, into voting shares.
AT&T said on Friday it will contribute a stake in its wireless business to the company's pension plan worth $9.5 billion in an effort to secure the fund, according to a U.S. Securities and Exchange Commission filing.
AT&T (Dallas, USA) filed for approval for the proposal with the U.S. Department of Labor on Thursday. It said the move would not significantly affect company earnings.
AT&T's pension plan was underfunded by about $10.2 billion at the end of 2011, a company spokeswoman said.
Norway’s Telenor will participate in India’s auction of 2G spectrum next month, joining Bharti Airtel, Vodafone, Idea Cellular and Tata Teleservices in the process.
Telenor (Fornebu, Norway) has been operating in India through its Uninor joint venture with Unitech, an Indian real-estate business, but its spectrum licenses were cancelled earlier this year after an Indian court found there had been irregularities during their award in 2008.