Alcatel-Lucent swings to net loss

Telecoms equipment maker Alcatel-Lucent has swung to a net loss of €353 million ($463 million) for the first quarter of 2013, from a net profit of €259 million in the same period last year, when its earnings were boosted by the sale of its Genesys call-center business.

The company reported a narrowing of its operating loss to €202 million, from €290 million a year ago, with revenues creeping up by 0.6%, to €3.23 billion, over the same period.

New Zealand Telecom buys cloud specialist Revera for $82.5 million

New Zealand Telecom is to ramp up its activities in the burgeoning market for cloud services following a $96.5 million ($82.5 million) takeover of infrastructure and data center specialist Revera.

The New Zealand telecoms incumbent said it would fund the acquisition through cash and existing borrowing facilities and expects the deal to close in May.

It will continue to run Revera (Auckland, New Zealand) as a standalone business, providing customers of Gen-i –New Zealand Telecom’s ICT services division – with access to additional cloud capabilities and data center capacity.

Mobile broadband demand pushes Ericsson Brazil plant to capacity


Strong demand for mobile broadband equipment in Latin America will keep Ericsson's plant in Brazil at full capacity this year, says a senior executive at the telecom equipment manufacturer.

Mobile phone operators in Brazil are scrambling to improve their networks after heavy scrutiny from regulators because of poor service and a lack of investment in mobile infrastructure in recent years. The problems came despite a ballooning client base in Latin America's biggest economy.

Huawei tones down long-term expansion target for enterprise sales


Huawei Technologies Co Ltd, the world's No.2 telecoms equipment maker, toned down its long-term target for networking equipment sales to enterprises, saying a prior figure was too optimistic.

Eric Xu, Huawei (Shenzhen, China) executive vice president and one of its rotating CEOs, also voiced frustration with security issues that are thwarting the Chinese company in the key U.S. telecoms equipment market.

China's ZTE says it basically dropped Iran business


ZTE Corp, China's second-largest telecoms equipment maker, has essentially stopped doing business in Iran after a U.S. investigation into alleged sales of embargoed equipment, the company's chairman told Reuters on Thursday.

ZTE (Shenzhen, China) said in March 2012 that it would curtail business in Iran following a report by Reuters that it sold Iran's largest telecoms firm a powerful surveillance system capable of monitoring telephone and Internet communications. The company is now facing a U.S. criminal investigation over the issue.

EU trade chief seeks backing to investigate China's Huawei, ZTE: diplomats


The European Union's trade chief will seek the backing of EU states to investigate Chinese telecoms equipment makers Huawei and ZTE, even without a complaint from European manufacturers, EU diplomats said on Tuesday.

The European Commission, the EU's executive body, has been collecting evidence to prepare a possible case against Huawei (Shenzhen, China) and ZTE (Shenzhen, China) over state subsidies it says allows the companies to undercut European firms.

Netgear estimates profit below analyst expectations


Network equipment maker Netgear Inc estimated first-quarter revenue and earnings below analysts' expectations, citing lower-than-planned shipments of its new network attached storage product.

Shares of Netgear (San Jose, CA, USA) fell as much as 8 percent in trading after the bell. They closed at $30.88 on the Nasdaq on Monday.

"The late introduction (of ReadyNAS) was not expected to have such an impact on revenue in the quarter," BWS Financial analyst Hamed Khorsand told Reuters.

Italy's Wind to invest $1.3 billion in network with Huawei


Italian mobile phone operator Wind is to spend $1.3 billion on building a fourth-generation (4G) mobile broadband network to step up competition to rivals Telecom Italia and Vodafone.

The investment will use technology from Italy's Sirti (Milan, Italy) and Huawei Technologies (Shenzhen, China) , the firms said in a statement on Friday, giving a boost to the Chinese telecoms equipment maker as it battles for work on 4G networks across Europe.

TC3 2013: Telecom Council Carrier Connections

Start Date: 
Wednesday, September 18, 2013
End Date: 
Thursday, September 19, 2013

Sunnyvale, CA:

Join 300+ of telecom's top decision makers for our annual 2-day Summit - the premier telecom innovation event of the year - which highlights the relationship between the companies building communication networks, with the people and ideas that are creating it. Participants will review 40+ new innovations, award 8 outstanding new startups, connect with 300+ contributing executives, and hear directly from 20 global carriers, how their innovation programs work.

DragonWave cuts 33 pct jobs, amends deal with Nokia Siemens


Telecom network equipment maker DragonWave Inc said it cut 33 percent of its senior management jobs and amended its deal with Nokia Siemens Networks to reduce operating costs.

Cash-strapped DragonWave (Ottawa, Canada), which has been trying to reduce costs since it acquired Nokia Siemens's microwave technology business last June, said last month that it would cut costs further but did not specify what the measures were.

The company cut 116 jobs in Ottawa and Israel in 2012.

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