Telecom network equipment maker DragonWave Inc said revenue for the fourth quarter would miss its forecast, citing lower sales in the microwave technology business it bought from Nokia Siemens Networks last year.
DragonWave (Ottawa, Canada) shares slid 25 percent to a three-month low of C$1.81 on the Toronto Stock Exchange on Monday.
Ottawa-based DragonWave also said it will cut costs further but did not specify what the measures were. Chief Financial Officer Russell Frederick said he could not provide more information on cost cutting.
Shares of Leap Wireless International Inc fell 3 percent on Thursday after the company said it may be able to sell only half the iPhones it has committed to buying from Apple Inc, potentially setting it back by $450 million over three years.
Leap (San Diego, USA), a provider of wireless services to cost-conscious customers, did not sell as many iPhones as it had hoped in the fourth quarter. It said that overall customer additions were hurt by general softness in the prepaid sector and phone prices were higher than many consumers could pay.
Networks, whether superfast mobile broadband, wifi or a combination of both, are helping add pizzazz to new mobile products as the rapid evolution in smartphone and tablet design slows to a trickle.
The world's fastest smartphone, new "phablets" - sized between a phone and tablet - and small tablets optimized to watch video and run multiple applications on 4G mobile networks were making the biggest splash at the Mobile World Congress in Barcelona.
Networks are also enabling millions of other devices, from coffee makers to bicycles and cars to homes, to become "smart".
Etisalat has joined the Jasper Wireless-powered M2M alliance that includes a number of leading international operators.
The operator’s membership was announced during this week’s Mobile World Congress in Barcelona and means the alliance now comprises eight players, including an operator from the Middle East for the first time.
Etisalat (Abu Dhabi, United Arab Emirates) was already a customer of Jasper Wireless (Mountain View, USA), whose Control Center platform is a core component of the M2M alliance.
Swedish operator Ericsson has signed an agreement with German software company SAP for the joint marketing and sale of cloud-based M2M services to enterprises around the world.
The partnership will combine Ericsson’s M2M platform expertise with enterprise services from SAP (Walldorf, Germany) and is designed to overcome some of the barriers to the adoption of M2M technology.
PayPal launched a European version of its PayPal Here mobile payments service for small merchants on Thursday as the online payments division of eBay Inc steps up competition with rivals, including Square Inc.
PayPal (San Jose, USA) unveiled a new device, about the size of a smartphone, that allows small merchants to accept credit and debit cards under a more-stringent and complex system in Europe known as Chip and PIN.
The gadget connects to a new PayPal app that merchants can run on Apple Inc (Cupertino, USA) iPhones and Android-based smartphones.
German payment systems provider Wirecard said on Monday it had been chosen by Vodafone to introduce the British mobile operator's mobile payment system.
The Vodafone (Newbury, UK) payment service will be rolled out internationally from this year, Wirecard (Aschheim, Germany) said in a statement.
(Reporting by Christoph Steitz)
Rostelecom hopes mobile broadband will offset declines in its core fixed-line calls business as it seeks a greater share of Russia's increasingly competitive telecoms market, CEO Alexander Provotorov told Reuters.
The state-controlled former long-distance call monopoly was beefed up in 2011 through a merger with several regional operators to challenge private players in more lucrative market segments such as mobile, broadband and pay TV.
VimpelCom has struck a deal with Microsoft and Nokia that will allow its customers to buy digital content from the Windows Phone store via their mobile accounts.
The operator says the cost of any application, game or music will either be deducted from a customer’s prepaid card or added to the monthly bill.
The mobile telecoms industry is facing a $9.2 billion shortfall in backhaul investments as operators continue to make access-network improvements while neglecting the other crucial part of their infrastructure.
Such is the finding of Strategy Analytics in a new report commissioned by Tellabs, which sells backhaul equipment to operators.
The market-research company says that operators will face a new “mobile capacity crunch” by 2017 as a result of growing internet traffic.