Chinese mobile phone and telecoms equipment maker ZTE Corp (Shenzhen, China) will report a loss of as much as 1.75 billion yuan ($279.2 million) in the first 9 months of 2012, it said in a preliminary results announcement on the Hong Kong Stock Exchange on Sunday.
The Shenzhen-based company has suffered as a slowing economy has hurt sales and margins have come under pressure. ZTE said its loss will be between 1.65 billion yuan and 1.75 billion yuan. That could be a fall of more than 260 percent compared with the same period last year.
NTT DoCoMo (Tokyo, Japan) and MasterCard (Purchase, USA) have teamed up on a service that will let the operator’s customers use their smartphones to pay for goods abroad.
The companies plan to expand DoCoMo’s mobile credit payment system to include MasterCard PayPass merchant locations. As of June, there were an estimated 500,000 such locations in 41 countries.
Collaboration with the payment card companies is necessary if operators are to break into the market for international payments, and the industry is likely to see more deals of this nature in the months ahead.
The inaugural summit, “INTO MYANMAR Mobile Telecom, Internet Infrastructure & Cloud Computing Global Summit 2012” will be held in Yangon, Myanmar from 3 – 4 December 2012.
Scandinavian operator TeliaSonera (Stockholm, Sweden) has been forced to affirm its support for chief executive Lars Nyberg after press reports suggested the operator had hired a recruitment consultant to find his replacement.
Nyberg has been caught up in a scandal surrounding TeliaSonera’s operation in Uzbekistan, where it stands accused of bribery and money laundering.
China's top telecoms gear makers should be shut out of the U.S. market as potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday.
U.S. intelligence must stay focused on efforts by Huawei Technologies Co Ltd (Shenzhen, China) and ZTE Corp (Shenzhen, China) to expand in the United States, and tell the private sector as much as possible about the purported espionage threat, the panel leaders said, based on their 11-month investigation of the two firms.
An Indian court granted a stay on execution of a government order asking telecoms carriers to stop third-generation (3G) services outside their licensed areas through roaming pacts, after top carrier Bharti Airtel Ltd (New Delhi, India) challenged the decision.
The Delhi High Court on Wednesday asked the telecoms ministry to not take any "coercive action" until the next hearing of the case. It did not immediately set the next date of hearing.
Chinese manufacturers have cornered much of the technology sector, but when it comes to M2M modules they are being outpaced by their Western rivals, according to a new study from ABI Research.
Sierra Wireless (Richmond, Canada) and Cinterion (Munich, Germany) claim the top spots in a new ranking of M2M vendors published by ABI Research, while Huawei (Shenzhen, China) and ZTE (Shenzhen, China) come sixth and seventh.
The methodology assesses companies on the basis of unit shipments and revenues.
Best known as a provider of IT services and consulting, Mahindra Satyam (Hyderabad, India) has launched a new vehicle infotainment and telematics service it is calling the “Connected Vehicle Concept”.
The company says that while other players are bringing standalone products to market it aims to position itself as an end-to-end service provider.
Telerad Tech (Bangalore, India), a healthcare IT specialist, has announced that its Cisco-based telemedicine services are now available in parts of eastern India.
The organization is using Cisco’s HealthPresence telemedicine platform to provide medical services to a number of villages, and it says more than 100 patients have already benefited from the technology.
Using the Cisco (San Jose, USA) system, Telerad doctors have been offering telemedicine consultations in the villages of Chattisgarh and Odisha, while another site in Rajasthan is scheduled to go live this month.
Softbank (Tokyo, Japan) is to acquire aAccess (Tokyo, Japan), a smaller competitor, in a deal valued at $1.84 billion and designed to help it close the gap with its chief rivals, according to Reuters.
Under a share swap due to be completed in February, Japan’s third-biggest operator will pay 52,000 yen per eAccess share, a substantial premium given eAccess’s share price of 15,070 yen at the end of last week.
Answering analyst questions on the deal, Softbank said the launch of the iPhone 5 had provided the impetus for the takeover.