Yearly Archives: 2002

724 Solutions meets revised earnings guidance

TORONTO—Mobile-commerce company 724 Solutions Inc. announced earnings in line with its revised guidance, but the news didn't do much to bolster investor confidence. The...

Motient to trade on OTC board

RESTON, Va.—Following its filing for Chapter 11 bankruptcy, wireless data carrier Motient Corp. announced its stock will trade on an over-the-counter bulletin board system....

TIW takes steps in recapitalization plan

MONTREAL—Telesystem International Wireless Inc. announced several financial moves it has taken as part of its overall recapitalization plan announced last November.The company has given...

AvantGo wins patent for content synchronization

HAYWARD, Calif.—AvantGo Inc. announced it won its first patent, which covers technology for synchronizing content between a device and a server over a wireless...

Codeonline, Springtoys merge to focus on wireless gaming

HELSINKI, Finland—Wireless gaming companies Codeonline Ltd. and Springtoys Inc. announced they will merge through a share swap, a move the companies said will better...

WTB plans auction for Lower 700 MHz band

WASHINGTON, D.C.—The Wireless Telecommunications Bureau of the Federal Communications Commission announced it will hold an auction for licenses in the 698-746 MHz (the Lower...

Ericsson posts $332.3M loss in 4Q

STOCKHOLM, Sweden—Ericsson AB posted a fourth-quarter net loss of $332.3 million compared with a net profit of $210 million in the same period last...

Nokia beats forecast

HELSINKI—Nokia Corp. reported decreased profits for the fourth quarter ended Dec. 31, but increased sales for the year, helped along by an increase in...

SMS still preferred data technology in Asia

MANILA, Phillipines—Short message service (SMS) technology remains a dominant force in the growth of data services in Asia, despite the availability of more advanced...

Russian carrier eyes EBRD credit for expansion

MOSCOW—The second-biggest Russian carrier Vimpelcom (BeeLine) is reportedly negotiating a US$250 million credit with the European Bank for Reconstruction and Development (EBRD) to finance...

T-Mobile backtracks over SMS price increase

OXFORD, United Kingdom—Having planned to capitalize on the booming short message service (SMS) market by increasing its messaging charges by nearly 140 percent, Germany's...

Paraguay postpones privatization

BUENOS AIRES, Argentina—The privatization of the Paraguayan fixed telephony monopoly, which includes a personal communications services (PCS) license, will likely be postponed. The privatization...

Kyocera, Hanaro partner for next -generation data service using U.S. technology

TOKYO—Kyocera, a leading telecom vender in Japan, and Hanaro Telecom, a leading carrier in Korea, reached an agreement regarding the next-generation high-speed mobile data...

Zimbabwe’s TeleAccess in Telecel acquisition talks

JOHANNESBURG, South Africa—Zimbabwean telecommunications company TeleAccess is reported to be involved in negations to purchase Telecel International, the mobile network operator with services in...

Dutchtone selects music service

WOODBURY, New York, United States—Dutch wireless carrier Dutchtone, a subsidiary of Orange Group, continued to flesh out its wireless music service by purchasing Comverse's...

Greek subsidiary drops Panafon moniker, now Vodafone

LONDON—Vodafone Group reported its Greek wireless subsidiary, Panafon-Vodafone, officially changed its name to Vodafone.Panafon adopted the dual-brand name a year ago as part of...

Slovakia launches 3G license tender

DENVER, United States—The government of Slovakia announced a tender to sell three third-generation (3G) mobile telephone licenses by mid-year for around US$31.6 million each...

Russian Megafon prompts acquisitions

ST. PETERSBURG, Russia—The development of the pan-Russian Megafon project of St. Petersburg-based Telecominvest holding has prompted a series of acquisitions, as the initially "virtual"...

Emblaze concludes MPEG4 test with Samsung

NEW YORK—Emblaze Systems said it has concluded successfully an MPEG4 compliance interoperability test with Samsung Electronics.The companies conducted the trial to determine whether Emblaze's...

Kyocera exec says patent disputes with Nortel to be settled

SEOUL, South Korea— Yasuo Nishiguchi, Kyocera's chief executive, said his company will settle its patent dispute with Nortel Networks without rancor."We have violated some...

Vodafone reaches 100 million customers

LONDON—Vodafone Group said it has signed up more than 100 million customers to its networks in 28 countries, underlining its position as the world's...

Motorola reports 4Q loss, additional plant closures

SCHAUMBERG, Illinois, United States—Motorola reported significant, but not surprising, losses for the fourth quarter and year ended 31 December, 2001, a year Christopher Galvin,...

MTS confirms Kuban GSM stake purchase

MOSCOW—The biggest Russian carrier Mobile TeleSystems (MTS) officially confirmed it has reached an agreement on the purchase of a controlling stake in the fourth-biggest...

Diversinet secures iMerchants wireless banking solution

HONG KONG—Software solution provider iMerchants and Diversinet have partnered to make iMerchants' wireless banking solution for personal digital assistants (PDAs) available with Diversinet's Public...

Chinese market lacks CDMA handsets

BEIJING—Only five of the 19 authorized vendors of CDMA handsets in China have released their models on the Chinese market. The latest was Datang,...
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