Vodafone and O2 will share a network in Britain to cut the cost of building a new superfast service, leading the way in a likely shake-up of a sector that is battling falling revenues and high investment costs.
Europe's telecom sector is chasing ways to meet the rising cost of keeping pace with technological advances and customer demands, with tie-ups and co-operation deals the order of the day; the arrival of emerging markets billionaire Carlos Slim on the European telecom scene is also ramping up the pressure for consolidation.
Spanish telecoms giant Telefonica has signed an agreement with China Unicom to sell almost half its stake in the company back to China's second largest telecom operator, Telefonica said in a stock market notice on Sunday.
The sale will allow heavily indebted Telefonica (Madrid) to "increase its financial flexibility", the statement said. The Spanish firm will remain a key shareholder in China Unicom (Beijing, P.R.C.) by holding onto a 5.01% stake in the company.
The global 2G, 3G, and 4G equipment market decreased 14% to just under $10 billion in the first quarter of 2012 following an 8% increase the previous quarter, reports market research firm Infonetics Research in its new report.
Half the world will have access to 4G mobile networks by 2017 providing the high-speed Internet access needed to download videos and play games on smartphones, Ericsson said in a report on the telecoms market on Tuesday.
The social cloud is an integration of cloud-based services with traditional communications and social media channels. The two driving forces behind the social cloud evolution are the transition of content from traditional media like books, magazines, and CDs into bits and bytes, as well as the desire for everyone to share and communicate instantaneously.
Leap Wireless International Inc will be the first U.S. provider of prepaid mobile services to sell the Apple Inc iPhone, potentially putting pressure on its much bigger rivals to provide cheaper phone or service prices.
The regional operator, which caters to cost-conscious customers who pay phone bills in advance, is joining its much bigger national rivals Verizon Wireless (New York), AT&T Inc (Dallas, Texas, USA) and Sprint Nextel Corp (Overland Park, Kan., USA) in selling the popular device.
Last week at the World Economic Forum on East Asia in Bangkok, Alcatel-Lucent said by the end of the decade Asia will need to invest $1.1 trillion in its telecom infrastructure to compete in the digital economy.
According to the telecom equipment provider, over the past five years, Asia has added 1.5 billion additional mobile subscribers; yet still more than 25% of Asians live without basic mobile services. Over the next five years governments and business will need to add another 1.3 billion mobile subscribers to bridge the gap, says Alcatel-Lucent (Paris).
Telecom operators have recently made a major push in offering personalized services to their customers, primarily in an effort to retain customers and reduce churn. Customer churn is caused by many factors including bill shock and a lack of customer service satisfaction, two points that Idomoo, a personalized video company, has been trying to address in the telecom industry.
On Friday, AT&T Inc Chief Executive Randall Stephenson said that a sale of rural phone lines may be too difficult to pull off because of regulatory hurdles. Stephenson had said in January that the company would review the future of its roughly 20 million rural telephone lines, including the possibility for a sale. But selling the phone lines could be difficult because of their diverse geographic locations, the executive said on Friday in a webcast of a Sanford C.
On Friday, Verizon Communications Inc. announced that it is acquiring Hughes Telematics, Inc (HTI) for $612 million, or $12.00 per share in cash.