Telekom Austria may have to risk its credit rating, which it said earlier this year was its top priority, to raise debt for a costly frequency auction, its chief executive said.
The company said late on Monday it would pay 1.03 billion euros ($1.41 billion) to buy half the spectrum on offer in an auction for Austrian fourth-generation frequencies, almost three times as much as most analysts had expected.
Programmable-chip maker Altera Corp forecast current-quarter revenue below Wall Street estimates, citing fewer orders for its telecom and wireless products, sending its shares down 5 percent after the bell.
Altera (San Jose, CA, USA), which also reported lower-than-expected sales for the quarter ended September 27, forecast current-quarter revenue to be down 3 percent to up 1 percent, compared with the third quarter.
That implies fourth-quarter revenue of between $432.5 million and $450.5 million.
Taiwanese smartphone maker HTC Corp has halted at least one of its four main manufacturing lines, accounting for at least a fifth of total capacity, and is outsourcing production as a sales slump puts pressure on its cash flow, according to sources with direct knowledge of the situation.
A Reuters reporter who visited an HTC (Taipei, Taiwan) factory at the company's former headquarters in Taoyuan, about an hour's drive from Taipei, saw loading docks shuttered and a sign on a locked lobby door that read: "Lobby is temporarily closed for use. Thank you for your cooperation."
UK operator EE says it has now signed up nearly 1.2 million 4G customers less than a year after first launching services, while reporting a decline in revenues for the three months ending September.
The company’s 4G progress means it has easily beaten an end-of-year target of capturing one million customers and now covers about 60% of the UK’s population with the high-speed technology.
Rivals Telefonica (Slough, UK) and Vodafone (Newbury, UK) launched 4G services at the end of August but have yet to extend networks outside a handful of the country’s biggest cities.
Networking equipment maker Tellabs has agreed to be taken over by Marlin Equity Partners for a cash payment of $891 million.
The deal represents a premium of 4.3% over the closing share price of Tellabs on October 18, according to a statement from the companies, and will see Marlin (Hermosa Beach, CA, USA) offer to acquire all outstanding shares of Tellabs (Naperville, IL, USA) for the sum of $2.45 per share no later than November 1.
China Mobile has reported falling profits for the first nine months of the year, with investments in a 4G network and the cost of subsidizing smartphones taking a toll on the operator’s performance.
China’s biggest mobile operator by customer numbers flagged a 9.4% increase in revenue, to RMB463 billion ($76 billion), for the nine months ending September, but said profits slid by 1.9%, to RMB91.5 billion, over the same period.
AT&T has agreed a $4.85 billion deal with infrastructure company Crown Castle in a deal aimed at improving its financial flexibility and value to shareholders.
The US operator is to lease rights to approximately 9,100 of its towers to Crown Castle (Houston, TX, USA) –which will also buy another 600 towers outright – and then sublease capacity on those towers as and when required.
Japan's SoftBank Corp said on Friday it had agreed to pay $1.26 billion for a 57 percent stake in privately held cellphone distributor Brightstar Corp as it looks to boost its bargaining power with handset makers.
SoftBank (Tokyo, Japan), which owns 80 percent of No. 3 U.S. mobile operator Sprint Corp (Overland Park, KS, USA), said that under the agreement its ownership of Brightstar (Miami, FL, USA) would increase to 70 percent over the next five years, or upon certain unspecified events.
Motorola Solutions Inc is exploring the sale of its underperforming wireless LAN business, which has grappled with declining share in a market dominated by rivals such as Cisco Systems Inc, people familiar with the matter said.
An exit from the wireless LAN market would come as Motorola (Schaumberg, IL, USA), the provider of data communications and telecommunications equipment, seeks to focus on its core government and public safety division.
Telekom Austria Chief Executive Hannes Ametsreiter said on Friday he did not expect key shareholder Carlos Slim's America Movil to make any unfriendly moves towards the Austrian company.
"The Mexicans have shown themselves to be good partners. One thing I think they won't do is to act in a hostile way. I think you can rule that out," he told the Gewinn Messe retail investor fair.
He added he did not know if America Movil (Mexico City, Mexico) intended to increase its near 23 percent stake.