China Mobile Ltd has awarded initial 4G contracts worth around 20 billion yuan ($3.2 billion), with Chinese firms securing more than half of the biggest prize in the global telecoms industry this year and foreign firms winning about a third, industry sources said.
Telecoms equipment makers, such as global leader Ericsson (Stockholm, Sweden) and Huawei Technologies Co Ltd (Shenzhen, China), have been waiting for China Mobile's (Beijing, China) 4G tender to lift the fortunes of an industry that has been hit by a lack of spending worldwide.
Network-equipment maker Aruba Networks Inc (Sunnyvale, CA, USA) reported a 10 percent rise in fourth-quarter revenue as demand for its products rose and it added new customers.
Net loss widened to $16.3 million, or 14 cents per share, in the three months ended July from $3 million, or 3 cents per share, a year earlier.
Revenue rose to $153.1 million from $139.2 million.
Excluding items, the company earned 12 cents per share.
Aruba's products provide secure network access across wireless and wired networks.
China Telecom has reported a sharp rise in earnings and revenues for the first six months of the year thanks to soaring demand for the iPhone and mobile data services.
The operator – China’s third-biggest behind China Mobile (Beijing, China) and China Unicom (Beijing, China) – saw net income increase by 15.9% for the first half, to RMB10.2 billion ($1.67 billion), compared with the same period last year, while revenues grew by 14.1%, to RMB138 billion, over the same period.
Russia’s MTS swung to a net profit and reported revenue growth for the three months ending June thanks to rising demand for mobile data services and various one-off gains, including settlements related to its disputed ownership of Bitel, an operator in the Kyrgyz Republic.
UK authorities have announced their preferred suppliers for contracts worth some £2.8 billion ($4.39 billion) that form part of the nationwide rollout of a smart grid aimed at reducing energy costs and waste, with Capita, Spanish telecoms operator Telefonica and CGI among the winning bidders.
According to a statement from the Department of Energy and Climate Change, outsourcing specialist Capita (London, UK) will become the Data and Communications Company (DCC) provider in a deal worth some £175 million.
Sirius XM Radio has announced a $530 million cash takeover of Agero’s connected-vehicle business in a deal that will allow the radio broadcaster to strengthen its position in the burgeoning market for connected-vehicle services.
Austrian telecoms incumbent Telekom Austria has been linked with a €1 billion ($1.3 billion) bid for cable company Serbia Broadband in a report from Bloomberg.
Citing sources familiar with the proceedings, Bloomberg says that Telekom Austria (Vienna, Austria) has re-entered bidding for the Serbian company, after dropping off a list of companies examining Serbia Broadband’s (Belgrade, Serbia) books, with other interested parties said to include Providence Equity Partners, Cinven Advisers and Altice Finco.
Canada's three biggest wireless companies plan to attack Verizon Communications Inc's role in the U.S. government's electronic spying scandal, as they scramble to force Ottawa to rethink rules that encourage Verizon to set up in Canada, according to four sources.
The Canadian government has so far spurned an intense lobbying effort from the trio - Rogers Communications (Toronto, Canada), BCE Inc (Montreal, Canada) and Telus Corp (Burnaby, Canada) - by insisting its policies will cut Canadians' wireless bills.
Network equipment maker Cisco Systems Inc is cutting 4,000 jobs, or 5 percent of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas in the face of uncertain demand for its networking equipment.
Shares of the world's biggest network equipment maker fell more than 9 percent after hours, their biggest drop in more than a year if reflected on Nasdaq on Thursday.
An independent Dutch foundation has expressed concern about the proposed acquisition of KPN by Latin American telecoms giant America Movil, casting doubt over the likelihood of a takeover, reports Reuters.
Owned by Mexican billionaire Carlos Slim, America Movil (Mexico City, Mexico) last week announced plans for a €7.2 billion ($9.56 billion) takeover of the Dutch telecoms incumbent, in which it currently holds a 30% share.