Equipment maker Alvarion (Tel Aviv, Israel) has warned investors that its third-quarter revenues are likely to come in at $27 million, significantly below the range of $31–39 million it was previously expecting.
As a result, the vendor is likely to report a net loss per share of approximately $0.15. It had previously forecast that net income would range between a loss of $0.06 and a profit of $0.02.
Equipment maker Nokia Siemens Networks (Helsinki, Finland) has strengthened its LTE offer by making its base stations compatible with frequencies used in the Asia-Pacific region and Latin America.
The frequencies fall in the 700MHz band and are being freed up for LTE as terrestrial television broadcasting moves from analogue to digital technology.
Japan, Australia and New Zealand are all reported to be interested in using the spectrum for LTE, while in parts of Latin America the frequencies are already being used to provide so-called 4G services.
Vodafone Group (Newbury, UK) said it would cost about 500 million pounds ($807 million) to fix Cable & Wireless Worldwide (CWW) (London, UK) over the next four years but the payback by 2016 from the acquisition would be bigger than some analysts expected.
Middle East telecommunications firms are discussing the idea of creating a pan-Arab online platform that would earn them more revenue from their networks by challenging Facebook (Menlo Park, USA) and other Internet behemoths of the West.
The ambitious project faces technical and financial obstacles and may never be implemented on a large scale.
IMM Hydraulics, a small exporter of hoses for industries such as agriculture and mining, is the kind of firm that should be at the center of Italy's efforts to rekindle its stagnant economy.
Instead, the company, located in the Abruzzo region of central Italy, is wrestling with a basic impediment to profitability: a woefully slow broadband connection. With just 2 megabits (MB) per second, IMM Hydraulics' broadband connection lags behind the 5 MB typical in Italian cities, which in turn is well behind an average of 12 MB in France and 16 MB in Germany.
Telekom Austria (Vienna, Austria) has slashed its dividends by 87% in the same week that Mexican billionaire Carlos Slim secured a 23% share in the incumbent operator.
In a statement released this week, the company said it would cut its dividend from €0.38 to €0.05 per share this year and maintain that figure throughout 2013.
Teliasonera (Stockholm, Sweden) will kick off the sale process for its Spanish mobile operator, Yoigo, in the next two weeks in a deal that is expected to attract bids from France Telecom (Paris, France) and Vodafone (Newbury, UK), three people familiar with the matter said.
Information documents are set to go out soon to bidders, the people told Reuters, after being delayed over the summer by holidays and the departure of Yoigo's chief executive.
The introduction of smart meters to the UK could lead to savings of £65 a year for the average household, according to a new report from British Gas (Staines, UK) and Oxford Economics.
According to the study, the rollout of smart meters across the UK will lead to savings of approximately £14 billion ($22.7 billion) between 2012 and 2030, equating to an average saving per household of about £65 a year.
Orange Business Services (Paris, France) has teamed up with telematics specialist Openmatics (Friedrichshafen, Germany) to provide M2M services that can be used on trucks and buses.
The France Telecom-owned company has signed what it calls a strategic partnership with Openmatics, which is in the process of developing its offer by adding more applications to its platform.
Nayax (Tel Aviv, Israel) and Telit (Rome, Italy) have announced a deal to expand their cashless payment services into hundreds of vending machines operated by Scandinavia’s Selecta Nordic (Stockholm, Sweden).
The company operates vending machines in Sweden, Norway, Denmark and Finland and has already installed the Nayaxvend-Telit product in about 200 vending machines throughout Scandinavia.
It says additional machines are slated to be equipped in the coming months.