Japan's Softbank said on Wednesday it plans 700 billion yen ($8.8 billion) in capital expenditure in the year to next March 31.
Softbank (Tokyo, Japan), which announced this month it would buy a 70 percent stake in Sprint Nextel Corp, the third-largest U.S. carrier, said it plans capex of 550 billion yen ($6.9 billion) in following year to March 2014.
(Reporting by Mari Saito; Editing by Michael Watson)
China Telecom reported declining profits for the first nine months of the year as higher costs associated with its launch of the iPhone ate into revenues.
The smallest of China’s three network operators, China Telecom (Beijing, China) boasted a 15.1% increase in operating revenues for the first nine months, to 210 billion yuan ($33.6 billion), compared with the corresponding period of 2011, with take-up of smartphone services fuelling top-line growth.
Wireless service provider Clearwire Corp
Clearwire (Bellevue, USA) said it reviewed its plans "with the technical arms of multiple federal agencies" and that it has "great respect for the U.S. government and their oversight role over the nation's infrastructure."
AT&T Inc posted third-quarter revenue below Wall Street estimates as it added fewer customers than expected, citing a shortage of the latest Apple Inc iPhone.
The No. 2 U.S. mobile service provider said it had 151,000 net new subscribers in the quarter, compared with the average expectation for 358,000, according to five analysts contacted by Reuters.
Its bigger rival, Verizon Wireless (New York, USA), added 1.5 million subscribers in the quarter.
Mobile operator EE said Britain's first 4G service will cost from 36 pounds ($57.72) a month under a pricing strategy designed to lure smartphone customers to its superfast network before rivals are able to launch competing products.
Chief Executive Olaf Swantee said the company's tariffs, which range from 36 pounds for 500MB of data to 56 pounds for 8GB, were about 10-20 percent more than for equivalent 3G plans. He said it was a small premium to pay for up to five times faster connections.
Norwegian telecoms firm Telenor
Telenor (Fornebu, Norway), which has over 150 million subscribers across Europe and Asia, said earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6.1 percent to 8.796 billion crowns ($1.53 billion), beating the average of forecasts for 8.54 billion crowns.
T-Mobile USA has insisted that a merger with MetroPCS would make it a stronger rival to AT&T, Verizon and Sprint without upsetting the competitive balance of the US market.
In a regulatory filing published by the Federal Communications Commission this week, the operator sought approval for its proposed tie-up with MetroPCS (Richardson, USA), the country’s fifth-biggest operator, announced earlier this month.
Dutch incumbent KPN reported declining profits and revenues for the third quarter, with tough competition in Germany’s mobile-phone market largely blamed for the slump.
The operator’s net income fell by 38%, to €250 million ($324 million), compared with the third quarter of 2011, while revenues dropped 3.6% to about €3.1 billion.
Qtel, Qatar’s state-controlled operator, is interested in purchasing Vivendi’s stake in Maroc Telecom, the largest telecoms business in Morocco, reports the Financial Times.
Thought to be interested in concentrating on its media business henceforth, the French conglomerate is reviewing its ownership of various telecoms businesses, including Maroc Telecom (Rabat, Morocco), in which it holds a 53% stake, and SFR (Paris, France), a French mobile-phone operator.
AT&T said on Friday it will contribute a stake in its wireless business to the company's pension plan worth $9.5 billion in an effort to secure the fund, according to a U.S. Securities and Exchange Commission filing.
AT&T (Dallas, USA) filed for approval for the proposal with the U.S. Department of Labor on Thursday. It said the move would not significantly affect company earnings.
AT&T's pension plan was underfunded by about $10.2 billion at the end of 2011, a company spokeswoman said.