CHICAGO, United States—Motorola maintained its forecast for the second half of 2001, but fell shy of making any predictions for next year.President and Chief...
NEW YORK—Standard & Poor's has lowered its long-term ratings of Lucent Technologies' corporate credit, senior secured bank loan and senior unsecured loan to double-'B'-...
SCHAUMBURG, Illinois—Motorola said it has signed an agreement to acquire RiverDelta Networks for about US$300 million to enhance its data, voice and streaming video."This...
TOKYO—In response to the economic slump, NEC has slashed its workforce by 4,000 jobs, which amount to 2.5 percent of its entire staff.Its cost-cutting...
NEW YORK—Lucent Technologies has sold US$1.75 billion of convertible preferred stock, a 75-percent jump from last year's US$1 billion.The stock, which is US$1,000 per...
BRAMPTON, Ontario, Canada—Moody's Investors Service dropped the ratings on Nortel Networks' long-term debt securities and preferred shares because of the bleak picture of the...
WATERLOO, Canada—Research In Motion (RIM) continued its European expansion, announcing the addition of Italian Internet company Dada to its growing list of partners.Dada will...
WARSAW, Poland—The deadline for finalizing a deal between Polish company Elektrim and Vivendi Universal passed on 30 July, without final agreement on a cash-and-debt...
LONDON—Manx Telecom, the British Telecommunications subsidiary that postponed its third-generation (3G) network launch from May until later this year, said it completed the Isle...
SAN JOSE, California, United States—Cisco Systems said China's second-largest mobile telephone carrier has picked it to expand its networks in an approximately US$40 million...
OXFORD, United Kingdom—Some of the major shareholders of Blu, Italy's fourth-largest mobile operator, have made it clear they no longer want to remain involved...
MOSCOW—Sonic Duo, which has the third GSM license in Moscow, received the first frequencies shared by its major competitor Mobile TeleSystems (MTS). The news...
OXFORD, United Kingdom—The recent news that T-Motion, the mobile portal division of Deutsche Telekom, will charge Wireless Application Protocol (WAP) users for certain previously...
LONDON—German vendor Siemens has won a contract, worth about US$17.6 million, to design, install and integrate a GSM network and telecommunications services for rural...
LONDON—African mobile operator Orascom Telecom announced it plans to invest US$500 million during the next five years in building its GSM infrastructure in Algeria,...
SEOUL, Korea—Samsung said Brazilian operator Telesp Celular recently chose Samsung as the best among its handset suppliers. The carrier assessed all its supplier companies,...
TORONTO—Primal Technologies, intelligent specialized network applications provider, announced it signed a memorandum of understanding (MOU) to provide Caribbean Telecommunications of Guyana with its PSN450...
MIAMI, United States—Brightstar announced that its recently released second quarter 2001 revenues show it has captured the market share lead in Latin American wireless...
MOUNTAIN VIEW, California, United States—The WAP Forum officially launched the specifications for Wireless Application Protocol (WAP) version 2.0, an upgrade that includes added functionality...
OXFORD, United Kingdom—Consumers continue to shun mobile e-commerce because of a lack of confidence in their cell-phone operator to manage secure transactions, claimed a...
FRANKFURT, Germany—In preliminary first-half results, Deutsche Telekom revealed it would not list part of its T-Mobile subsidiary this year.The company's results were in line...
LONDON—BTopenworld said it will launch a two-way satellite service to deliver broadband access to homes and small and medium-sized businesses in rural areas of...
GENEVA, Switzerland—The Swiss telecom regulator said it is not against pushing back its deadline for third-generation (3G) services to launch. The country awarded four...
