Samsung Electronics shares tumbled around 7 percent on Monday, wiping $12 billion off the South Korean giant's market value, as a sweeping victory for Apple Inc in a U.S. patent lawsuit raised concerns about its smartphone business - its biggest cash cow.
Samsung, which says it will contest the verdict, was ordered to pay $1.05 billion in damages after a California jury found it had copied critical features of the hugely popular iPhone and iPad and could face an outright sales ban on key products.
Slovak legal authorities have ruled invalid the calculation of a fee paid by Slovak Telecom (Bratislava, Slovakia) to renew its mobile operating license, according to a story published by Reuters.
The operator, which is 51% owned by Germany’s Deutsche Telekom, had paid €47.8 million ($60 million) last year for the right to offer mobile-phone services in Slovakia for another ten years.
That fee was determined by the Slovak Telecommunications Regulatory Authority, but the Slovak Supreme Court has called into question the method used to calculate it.
A few months from now the boldly named Everything Everywhere may be able to boast it is the only 4G operator in the UK. Courting the ire of other mobile networks, communications regulator Ofcom this week took the controversial decision to let the T-Mobile-Orange tie-up launch LTE services later this year using its current 1800MHz spectrum holdings. Vodafone and Telefónica-owned O2 will have to wait until the auction of new airwaves, likely to happen early next year, before they can hope to join it in the 4G market.
The proposal by Verizon Wireless to purchase unused spectrum from a group of US cable companies has secured enough votes to win the approval of the Federal Communications Commission, according to a story from Bloomberg.
According to the newswire, the agency’s two Republican commissioners have joined Democratic Chairman Julius Genachowski in approving the $3.6 billion deal. The agency has five members in total.
China Telecom has announced plans to buy 3G infrastructure from China Telecommunications Corporation, its state-run parent, while reporting an 8.3% fall in net profit for the first half of the year, to 8.8 billion yuan ($1.4 billion), compared with the same period in 2011.
The operator, which competes against bigger rivals China Mobile and China Unicom in the mobile-phone market, says it will spend approximately 84.6 billion yuan on CDMA infrastructure currently owned by China Telecommunications Corporation.
T-Mobile USA, the No. 4 U.S. mobile provider, will sell a new unlimited data service option to its customers for a monthly fee in a direct challenge to its bigger rival Sprint Nextel, the only other big U.S. provider selling unlimited services.
The offer may also help T-Mobile USA, a unit of Deutsche Telekom, stand out from the biggest U.S. operators Verizon Wireless and AT&T Inc, which have both set caps on their customers monthly data usage.
MetroPCS Communications Inc announced a promotional $55 4G LTE service plan that offers unlimited talk, text and data, after Verizon Wireless and AT&T launched plans targeting heavy data users.
The $55 price tag is for a single connection and families can get this offer for $50 per month on their second, third and fourth connections, the company said in a statement.
AT&T Inc in July announced a new type of family plan that would significantly raise its fees for data services, such as mobile Internet.
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U.S. District Judge Robert Kelly in Philadelphia wrote that TruePosition Inc's allegations of an illegal conspiracy "are plausible when viewed in context and as a whole".
AT&T has announced that iPhone customers will be able to use Apple’s popular FaceTime app if they sign up to one of the operator’s data-sharing plans, according to a story published by Dow Jones Newswires.
iPhone users have already been able to use FaceTime over WiFi connections but software developers had blocked cellular access to FaceTime on a prerelease version of the iOS 6 operating system, due to be released in the autumn.
U.S. regulators cleared the way for Verizon Wireless to proceed with its $3.9 billion purchase of airwaves from big cable providers but placed constraints on the companies' marketing agreements.
The U.S. Department of Justice said on Thursday it would approve the spectrum sale, and the head of the Federal Communications Commission said the commission should also give the deal the go-ahead.
The spectrum purchase will give Verizon Wireless additional capacity to help it cope with rising demand for video on mobile devices and data services such as Web surfing.