Some Internet-based communication tools such as Skype and Whatsapp flout Saudi Arabia's telecom laws, the regulator said on Sunday, instructing telecom operators to quickly ensure these services comply.
The announcement from the kingdom's Communications and Information Technology Commission (CITC) follows local newspaper reports last week that claimed the government had asked telecom companies to look at ways to monitor or block these services.
Russia's top mobile phone operator MTS said on Friday it has acquired a 25.1 percent stake in MTS Bank for 5.1 billion roubles ($164 million) by buying additional shares issued by the bank.
The deal was concluded in accordance with the terms of an indicative offer between MTS (Moscow, Russia), MTS Bank and their majority shareholder Sistema (Moscow, Russia) that were announced in October 2012.
MTS now owns around 27 percent of MTS Bank, Sistema has a 65.3 percent stake, while the balance of shares is held by other minority shareholders, MTS said in a statement.
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Swedish equipment vendor Ericsson says it has completed its planned reduction of operations in Sweden, slashing 1,399 positions and laying off 919 employees.
The costs of the exercise are expected to run to approximately SEK1.5 billion ($231 million), which will have an impact on the company’s next set of quarterly results.
Ericsson says the redundancies affected all sites in Sweden apart from Falun, Hudiksvall, Kalmar and Katrineholm.
But Ericsson’s premises in Stockholm bore the brunt of the cutbacks, losing 569 employees.
Hong Kong’s Hutchison Whampoa has reported impressive results across its European telecoms subsidiaries despite ongoing difficulties in Australia.
For the 2012 financial year, the group reported revenue growth in all of its European markets bar Denmark, while earnings before interest, tax, depreciation and amortization increased everywhere except Sweden.
Overall revenues at Hutchison Whampoa’s 3 Group Europe division rose 3% to HK$58.7 billion ($7.6 billion), with earnings up 15% to HK$9.2 billion.
The European Commission has set out rules aimed at reducing the cost of building high-speed broadband networks, in a move that shows how Brussels is seeking more power over the telecoms sector.
The initiative is important because European leaders are worried that debt-laden telecom operators' slow pace of investment is saddling the region with weak infrastructure that over time could hobble its already recession-wracked economies.
Swedish telecoms equipment maker Ericsson said on Tuesday it had sued Indian handset maker Micromax and its distributor for infringement of wireless patent rights.
Ericsson (Stockholm, Sweden) was confirming an earlier report in the Economic Times of India that it had sued after Micromax (Gurgaon, India) refused to sign license agreements for several wireless technologies.
"It is once again about FRAND (fair, reasonable and non-discriminatory terms)," Ericsson spokeswoman Karin Hallstan said. She declined to comment further.
Germany’s Deutsche Telekom has signed what it calls a “nearly double-digit million euro contract” with cargo monitoring service provider arviem for the provision of M2M services.
The operator describes the deal as an “important building block” for expanding its presence in the M2M market.
The two companies are to work together on providing real-time monitoring services for freight consignments, with Deutsche Telekom (Bonn, Germany) contributing hardware and SIM cards while arviem (Baar, Switzerland) provides the software needed to evaluate data.
Middle East operator du has signaled its strong interest in M2M through a new partnership with hardware vendor Gemalto.
The operator says it will use Gemalto’s machine identification modules (MIMs) in all of its major M2M initiatives across a variety of end markets, including the oil and gas, retail, healthcare, power management and transportation sectors.