China Telecom has reported a sharp rise in earnings and revenues for the first six months of the year thanks to soaring demand for the iPhone and mobile data services.
The operator – China’s third-biggest behind China Mobile (Beijing, China) and China Unicom (Beijing, China) – saw net income increase by 15.9% for the first half, to RMB10.2 billion ($1.67 billion), compared with the same period last year, while revenues grew by 14.1%, to RMB138 billion, over the same period.
Russia’s MTS swung to a net profit and reported revenue growth for the three months ending June thanks to rising demand for mobile data services and various one-off gains, including settlements related to its disputed ownership of Bitel, an operator in the Kyrgyz Republic.
Facebook Inc's (Menlo Park, CA, USA) Chief Executive Mark Zuckerberg has enlisted Samsung Electronics Co Ltd (Seoul, South Korea), Qualcomm Inc (San Diego, CA, USA) and four other companies for a project aimed at bringing Internet access to people around the world who can't afford it, mirroring efforts by Google Inc (Mountain View, CA, USA) and others.
The project is called Internet.org and will be launched Wednesday. It focuses on enabling the next 5 billion people without access to come online, Zuckerberg said.
New cable network Al Jazeera America introduced itself to viewers on Tuesday with reports on political strife in Egypt and the impact of climate change on U.S. cities, shortly after a major pay TV distributor declined to carry the channel.
The decision by AT&T's (Dallas, TX, USA) U-verse pay-TV service stemmed from a contract dispute over terms to carry the new network, AT&T spokesman Mark Siegel said.
Al Jazeera (Doha, Qatar) responded by suing AT&T for breach of contract in Delaware Chancery Court.
Austrian telecoms incumbent Telekom Austria has been linked with a €1 billion ($1.3 billion) bid for cable company Serbia Broadband in a report from Bloomberg.
Citing sources familiar with the proceedings, Bloomberg says that Telekom Austria (Vienna, Austria) has re-entered bidding for the Serbian company, after dropping off a list of companies examining Serbia Broadband’s (Belgrade, Serbia) books, with other interested parties said to include Providence Equity Partners, Cinven Advisers and Altice Finco.
The number of telecoms customers in India crossed the 900 million mark in May, according to new data released by the Telecom Regulatory Authority of India (TRAI), with Reliance Communications boasting the biggest number of mobile additions.
In its latest report, the TRAI says the number of mobile customers rose from about 867 million in April to more than 870 million at the end of May, while the fixed-line base shrank by some 140,000 customers to finish the month with some 29.85 million subscribers overall.
US operator Sprint says it has successfully carried out a trial of 400Gbps technology that could help to support the rising demand for data services on both fixed and mobile networks.
The operator has been working with network equipment vendor Ciena (Hanover, MD, USA) on the deployment of the high-speed technology, and says the two companies completed the 400Gbps trial in the Silicon Valley area in July.
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An independent Dutch foundation has expressed concern about the proposed acquisition of KPN by Latin American telecoms giant America Movil, casting doubt over the likelihood of a takeover, reports Reuters.
Owned by Mexican billionaire Carlos Slim, America Movil (Mexico City, Mexico) last week announced plans for a €7.2 billion ($9.56 billion) takeover of the Dutch telecoms incumbent, in which it currently holds a 30% share.
Singaporean telecoms incumbent SingTel has seen a healthy rise in net profit for the three months ending June despite reporting a fall in revenues it blamed on a “more cautious business environment” and weakness in the Australian mobile market.
Singtel’s net income was up by 7%, to SGD1.01 billion ($796 million), compared with the same period of 2012, thanks to the operator’s efforts to cut costs and despite ongoing investments in spectrum, networks and its digital businesses.