Nokia-Siemens Networks is mounting an expansion drive in North America where the world's third-largest telecom equipment maker believes a spate of deal-making among mobile carriers will play out in its favor.
Chief Executive Rajeev Suri said deals by Japan's Softbank (Tokyo, Japan) to buy 70 percent of Sprint Nextel Corp (Overland Park, USA) for $20 billion, and Deutsche Telekom's (Bonn, Germany) purchase of MetroPCS (Richardson, USA) was an opportunity for NSN to grab new U.S. business.
When the bosses of global mobile operators meet in Barcelona this week, there will be an elephant in the room: the widening gap between fast-growing and richly-valued U.S. telecoms companies and their ailing European counterparts.
A overcrowded market, tough regulations and recession are hampering European telcos' ability to invest in faster networks, increasing the risk that the region's flagging economy falls further behind the United States and parts of Asia.
Leap Wireless International Inc reported a 1.5 percent decline in quarterly revenue as it lost far more customers than Wall Street had feared, sending its shares down 7 percent.
The wireless service provider for budget-conscious customers who pay for calls in advance, said it lost 337,000 net customers in the fourth quarter. The average expectation on Wall Street was for losses of 55,000 customers, according to analysts.
T-Mobile USA, the No. 4 U.S. mobile provider, on Tuesday launched GoSmart Mobile, a nationwide prepaid wireless brand that will sell cellphone services to customers who want to pay for calls in advance.
The wireless operator, a unit of Deutsche Telekom AG (Bonn, Germany), has agreed to merge with smaller rival MetroPCS Communications (Richardson, USA). It is hoping to benefit from growth in the prepaid market to regain customers lost to rivals.
Accusations by a U.S. computer security company that a secretive Chinese military unit is likely behind a series of hacking attacks are scientifically flawed and hence unreliable, China's Defence Ministry said on Wednesday.
The statement came after the White House said overnight that the Obama administration has repeatedly taken up its concerns about cyber-theft at the highest levels of the Chinese government, including with Chinese military officials.
Telenity has launched two new M2M solutions intended to help mobile operators manage their embedded connections and develop services for vertical markets, as well as generate more revenue per M2M connection.
The US company, which specializes in location-based technology, has unveiled an M2M connectivity and device management platform called Canvas m2mConnect, in addition to a service enablement platform branded Canvas m2mEnable.
The US Department of Agriculture (USDA) has announced plans to provide loan guarantees to rural electric cooperatives and utilities in 12 states, aimed at helping the organizations to improve their generation and transmission facilities and introduce smart-grid technologies.
Investment firm Paulson & Co has indicated that it may join forces with P. Schoenfeld Asset Management (PSAM) in opposing the merger between T-Mobile USA and MetroPCS – the fourth- and fifth-biggest operators in the US – that was proposed in October last year.
Paulson & Co (New York, USA) is the largest MetroPCS (Richardson, USA) shareholder, with about 8.7% of the company, and its suggestion that it may vote against the merger signals growing disquiet with the terms of the transaction.
Virtual networking company Embrane has won hosting company Peer1 as a customer for its Heleos product, beating out larger vendors such as Cisco Systems Inc and Juniper Networks Inc.
Embrane (Santa Clara, USA) is one of a number of startups in an emerging and rapidly growing technology segment that has become known as software-defined networking (SDN).
SDN products allow businesses to reduce the amount of networking gear in data centers by replacing much of their functionality with software that is centralized in one or more servers.
Cisco Systems Inc's quarterly results topped Wall Street views on Wednesday amid early signs tech spending was on the mend, but CEO John Chambers warned the picture was mixed and parts of Europe remained challenging.
The company's shares were down 1.7 pct in after hours trading after Cisco (San Jose, USA) reported that revenue growth in Europe - which accounts for a quarter of its business - was down 5 percent. Revenue in the Americas was up 9 percent and was 8.3 percent higher in the Asia-Pacific region.