Financial

AT&T expects 500,000 wireless net adds in Q2

AT&T has sought to allay concerns about its ability to compete in the US mobile market by saying it expects to add another half a million contract customers during the three months ending in June 2013.

The operator is not due to publish second-quarter results until July 23 but claims its broadband, TV and mobile divisions are all thriving in terms of subscriber adoption.

The operator says that a number of promotions in the mobile phone market have paid off, “driving strong sales, higher gross adds and smartphone upgrade rates similar to the first quarter”.

SoftBank in talks to buy T-Mobile US: report

SoftBank has reportedly begun discussions with Deutsche Telekom about a takeover of T-Mobile US should it fail in its attempts to buy rival network operator Sprint.

The Japanese operator is pursuing a deal to buy a 70% stake in Sprint (Overland Park, KS, USA) for $20.1 billion, but faces competition from satellite TV provider Dish Network (Meridian, CO, USA), which has offered $25.5 billion for Sprint.

India's Ambani brothers team up on 4G network sharing

India’s Ambani brothers have signed a $2 billion deal to share network infrastructure, aimed at speeding up the rollout of 4G services.

Under the arrangement, Reliance Jio Infocomm (Mumbai, India) – owned by Mukesh Ambani – will lease up to 45,000 sites owned by Reliance Communications (Mumbai, India), the mobile operator controlled by Anil Ambani.

In a joint statement on the tie-up, the two operators said it would allow them to derive major benefits from the sharing of capital and operating costs.

Ciena expects strong demand from cloud, mobile computing

Reuters

Network equipment maker Ciena Corp said it expects strong growth in cloud computing and higher use of smartphones, and forecast stronger-than-expected revenue for the current quarter.

Ciena (Hanover, MD, USA) shares jumped as much as 15.5 percent on the Nasdaq on Thursday morning. Shares of rival Finisar Corp (Sunnyvale, CA, USA) were up 5 percent while those of Juniper Networks Inc (Sunnyvale, CA, USA) were up about 1 percent.

Dish refutes Sprint objections to Clearwire bid

The battle for ownership of Clearwire between Dish Network and Sprint has intensified after the satellite TV company hit back at accusations that its offer runs afoul of Delaware law and Clearwire’s equityholders’ agreement.

Last December, Sprint (Overland Park, KS, USA), Clearwire’s majority owner, made an offer of $2.97 a share for the remaining shares in the operator, to which Clearwire’s managers gave their assent.

Brazil's Oi rises sharply after appointing new boss

Shares in Brazil’s Oi have risen sharply following the appointment of Zeinal Bava as the company’s new chief executive on Tuesday.

At the close of business on the same day, Oi’s share price was up by 17% on the Sao Paolo exchange, representing the operator’s biggest increase since October 2008, according to Bloomberg.

Saudi Mobily in talks to buy stake in fixed line firm Atheeb

Reuters

Saudi Arabia's No.2 mobile company Etihad Etisalat <7020.SE> (Mobily) is in talks to buy a stake in loss-making fixed-line operator Etihad Atheeb <7040.SE>, according to a statement on the kingdom's bourse.

The two firms have entered non-binding talks for a Mobily (Riyadh, Saudi Arabia) subsidiary to buy a stake in Atheeb (Riyadh, Saudi Arabia), according to the statement, which sets a June 30 deadline to announce "relevant developments".

This did not state what size stake Mobily was seeking or who the potential sellers are.

Virtual mobile phone firms spy growth in Spain's recession

Reuters

Revenues may be declining and customers disappearing for phone companies in recession-hit Spain, but that has not stopped Jaime Bustillo from launching a new mobile operator in the depths of a downturn that has left 27 percent of the workforce unemployed.

Bustillo, who used to work for Spain's second-biggest operator Vodafone (Alcobendas, Spain), established Airis Mobile in May as an arm of low-cost technology firm Airis and hopes to attract 50,000 mobile customers in a year.

Wipro makes $5 million investment in Axeda for minority stake

Indian software giant Wipro has made a $5 million investment in Axeda in exchange for a minority stake in the M2M platform provider, the size of which has not been disclosed.

The Indian firm says it wants to capitalize on the rapid growth in the M2M market and plans to develop new enterprise applications in partnership with Axeda (Foxboro, MA, USA).

Telefonica weighing sale of O2 Ireland: report

Spain’s Telefonica is considering whether to sell its Irish subsidiary as a means of reducing debts, according to a report from the Financial Times.

Citing a source familiar with the situation, the newspaper reports that Telefonica (Madrid, Spain) has received expressions of interest in O2 Ireland and is considering the offers.

A deal could generate as much as €700 million ($911 million) for the Spanish operator, according to the report.

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