When reporting earnings, Europe’s mobile-phone operators like to headline the growth of their data-services revenues, hoping to distract investors’ attention from the shrinkage elsewhere. But the latest, disappointing set of results from UK-based Vodafone shows just how meaningless that metric has become.
Weakness in Verizon Communications Inc's enterprise business offset a better-than-expected wireless quarter, sending the telephone company's shares down 2.9 percent.
After pushing Verizon's shares up 14 percent so far this year, investors focused in on the wireline miss on Thursday even as Verizon handily beat Wall Street estimates for wireless subscriber growth and profitability.
While earnings per share (EPS) met Wall Street expectations for the quarter, analyst said that wasn't enough.
China, the world's largest mobile phone market, saw a 1.14 percent monthly increase in mobile subscribers to 1.05 billion in June, data from the country's three telecommunications operators showed.
The number of mobile subscribers in China has been growing steadily, with handset vendors such as Apple Inc
Analysts cut their price targets on Nokia to little more than the value of its cash and patents on Friday as hopes fade that phones using new Microsoft software can revive the ailing mobile company anytime soon.
The launch of new Lumia smartphones, expected to start in September, has turned into a make-or-break event for Nokia boss Stephen Elop, the architect of a tie-up with Microsoft which has so far done little to resurrect the firm's challenge to the dominance of Apple's iPhone and Samsung's Galaxy models.
Apple Inc (AAPL.O) and Samsung Electronics Co (005930.KS) began the latest round of their long-running global patent war on Monday as an Australian judge started hearing evidence for an anticipated three-month long trial.
Apple and Samsung have been locked in an acrimonious battle across 10 countries involving smartphones and tablets since April 2011, with the Cupertino, California-based company filing a suit in Australia saying the touch-screen technology used in Samsung's new Galaxy 10.1 tablet violates Apple patents.
Wataniya, Kuwait's No. 2 telecoms operator, reported a 49 percent drop in second-quarter profit on Monday, hit by foreign exchange losses from its Algeria unit and increased domestic competition.
Net profit at the firm, a subsidiary of Qatar Telecom (Qtel) , was 19.1 million dinars ($67.83 million) in the three months to June 30, down from 37.3 million dinars in the same period last year, a company statement said.
The company had 18.3 million customers as of June 30, up 8.3 percent from a year ago.
AT&T Inc is following bigger rival Verizon Wireless with a new type of family plan that will significantly raise its fees for data services, such as mobile Internet.
But, unlike its rival, AT&T (Dallas, Texas, USA) said the plan will be an option, rather than a requirement, for new customers. AT&T customers and some Verizon (New York) customers upgrading to a new phone will also be able to keep their old plans, the companies said.
Brazil's telecom regulator on Wednesday ordered three leading carriers to stop selling new mobile plans in certain states, an unusually strong punishment in response to rising consumer complaints about dropped calls and spotty coverage.
Regulator Anatel said that, in each of Brazil's 26 states plus the federal district of Brasilia, the company with the poorest service would be unable to sell new plans. The suspension will be effective on Monday and remain in place until the carriers present an investment plan to improve service quality, the agency said.
The world's leading mobile telecoms equipment manufacturer Ericsson was hit by a sharp drop in sales of networks in the second quarter as carriers cut spending in the face of a global slowdown.
Makers of network hardware, such as radio base stations, face lean times as major economies weaken, hitting telecoms operators' revenues, and a decade-long price war continues to rage. Ericsson (Stockholm, Sweden) rivals Alcatel-Lucent (Paris) and Chinese group ZTE (Shenzhen, P.R.C.) have both issued profit warnings in the past week.
Google unit Motorola Mobility said on Tuesday it has taken steps to avert an interruption of U.S. imports and sales of its smartphones after the devices were found to infringe on a Microsoft patent.
The importation to the United States of some Motorola Mobility (Libertyville, Ill., USA) smartphones was supposed to stop Wednesday as the result of an International Trade Commission ruling that the phones infringed on technology that makes it possible for consumers to use the devices to generate meeting requests and schedule gatherings.