U.S. telecommunications group Verizon Communications Inc posted a 16 percent increase in quarterly profit, helped by higher revenue in its wireless business after it raised data prices and started selling the latest Apple iPhone.
Verizon (New York, USA) said on Thursday it was on track to meet 2012 financial goals, with capital spending for the year expected to be lower than the $16.2 billion total in 2011.
It's this year's biggest technology acquisition and the largest outbound deal in Japan's history. But game-changing, it is not.
Softbank Corp's <9984.T> pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp
Telefonica hopes to raise around 1.5 billion euros ($2 billion) by selling part of its O2-branded German subsidiary on the stock market.
Europe's largest telecoms company by revenue has said it could also sell businesses in Latin America as it tries to cut its 58 billion euro debt pile and hang on to its prized investment-grade rating, under pressure from the euro crisis in its Spanish home market.
Thailand's top three telecoms companies bid 41.63 billion baht ($1.36 billion) on Tuesday to obtain spectrum for new 3G services as part of the country's plans to expedite the introduction of long-delayed high-speed third-generation mobile services.
The new 3G spectrum will enable companies to tap more revenue from fast-growing data services and reduce regulatory costs under a new licensing regime.
Cable & Wireless Communications (C&W) is in discussions to sell its 51% stake in a Macau telecoms operator as it looks to reduce debt and focus efforts on the Caribbean region.
The operator confirmed earlier today that it was holding talks with CITIC Telecom International Holdings (Hong Kong) about selling its shares in Companhia de Telecomunicações de Macau (CTM), which provides mobile-phone services and broadband services and is the only fixed-line voice business in Macau.
TPSA, Poland’s former state-owned telecoms monopoly, has warned investors it will fail to meet previous full-year earnings objectives because of the harsh macroeconomic conditions and intensification of a price war in the mobile-phone market.
The warning came as the operator, majority owned by French incumbent France Telecom (Paris), published third-quarter results that showed a 5.5% drop in revenues, to 3,473 million zlotys ($1.11 billion), compared with the same period last year, and an 18.6% decline in net income, to 307 million zlotys, before adjusting for tax relief.
Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.
Bangladesh has officially launched 3G mobile-phone services at a ceremony in Dhaka, where Prime Minister Sheikh Hasina used the technology to make a phone call to President Zillur Rahman, reports Xinhua, China’s state-run news service.
The phone call used the network of state-run Teletalk (Dhaka, Bangladesh), whose 3G service will soon be available in Dhaka before being introduced to other parts of the country.
Vodacom has beaten rivals to ‘4G’ by switching on South Africa’s first LTE service in Johannesburg, promising that other cities will benefit from the service in the near future.
The Vodafone (Newbury, UK) subsidiary has activated 70 base stations in Johannesburg and plans to fire up 500, out of a total footprint of 9,000, by the end of the year.
Bharti Airtel, India’s biggest mobile-phone operator, is set for a radical restructuring that will see its Indian and African businesses united under one global chief executive, reports Indian newspaper the Economic Times.
Manoj Kohli, the current chief executive of the African operations, is thought to be favorite to take on the new leadership role, with the changes coming into effect during the first half of 2013.