China's ZTE Corp, the world's fourth-largest handset producer and fifth-ranked telecoms equipment maker, posted a third straight fall in quarterly profit mainly due to weak telecoms spending and foreign exchange losses.
On Tuesday, Vodafone Hungary announced it will move to an IP/Ethernet-based infrastructure and expand its geographic coverage in Hungary. The service provider chose Tellabs to modernize its current mobile backhaul network.
On Wednesday, market research firm Infonetics Research forecasted that the global small cell market will be worth $2.1 billion in 2016, with about 3 million small cells shipped.
On Wednesday, Cisco announced its intent to acquire privately held ClearAccess, a company providing software to internet service providers for the provisioning and management of residential and mobile devices. The acquisition includes ClearAccess' software business and personal, while the hardware portion of ClearAccess' business, Smart RG Gateways, will continue forward as SmartRG, Inc, says Cisco.
ZTE Corp, China's second-largest telecommunications equipment maker, said it will "curtail" its business in Iran following a report that it had sold Iran's largest telecom firm a powerful surveillance system capable of monitoring telephone and Internet communications.
Reuters reported Thursday that ZTE (Shenzhen, P.R.C.) had signed a $130.6 million contract with the Telecommunication Co of Iran in December 2010 that included the surveillance system.
Norwegian mobile operator Telenor ASA has told the Indian government it wanted to resolve its license dispute, but said it would seek damages if the cancellation of its 22 licenses was not settled.
"We are hopeful that it remains the government's intent to protect and encourage bona fide foreign investment in the country," Telenor (fornebu, Norway) spokesman Glenn Mandelid said in an emailed statement.
In response to the rapid evolution of the mobile financial services (MFS) ecosystem, Mobey Forum has published new Articles of Association which open full membership to all supervised payment institutions. The global bank-led industry association has announced its first non-banking Full Member, Nets (Ballerup, Denmark), a northern European payment service provider.
Within a year cellphones will be able to use operators' WiFi hotspots without cumbersome logging-in procedures, giving consumers faster access to the Internet on the go, a new industry initiative promised on Tuesday.
The initiative from two industry groups - the GSMA and the Wireless Broadband Alliance - aims to provide technical and commercial solutions for WiFi roaming, which would also ease the traffic load on operators' already crowded networks.
Communications regulators proposed on Wednesday a path for making satellite airwaves available for mobile broadband use, a rulemaking that could help Dish Network Corp launch a wireless cellular network.