DALLAS, United States—Nokia said it has conducted the first live call on a GSM 850 MHz network with the company’s base stations and handsets. “It is anticipated that an end-to-end …
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 Operating Officer Robert Growney said the …
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’- minus from double-‘B’-plus.It said it will …
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 acquisition makes sense for both companies, …
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 measures include slicing in half its …
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 share, has an annual dividend rate …
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 industry.It lowered its rating on senior …
MONTREAL, Canada—SR Telecom said it signed an agreement to acquire the French assets of Lucent’s fixed wireless division, SWING. Financial terms of the agreement were not released.The combined companies will …
SANTA CLARA, California, United States—Palm announced it will create a wholly owned subsidiary for its operating system business, a move marking a more formal separation between the company’s device and …
TOKYO—Hong Kong-based operator Hutchison Whampoa signed an agreement to allow NEC to supply its third-generation (3G) handsets.NEC will start delivery in the third quarter of this year to carriers in …
LONDON—Hutchison 3G UK signed an agreement with Tibco Software for an enterprise application integration, data messaging and business process management system. The agreement has a provision for extension to other …
DUBLIN, Ireland—MobileAware said it was selected by Xfera Moviles, one of four third-generation (3G) operators in Spain, to provide core mobility infrastructure for its multiaccess portal. The company’s Everix Mobility …
HELSINKI, Finland—Nokia has signed a contract with A.S.T.R.I.D., the Belgian public-safety and security network operator, to supply and implement a Terrestrial Trunked Radio (TETRA) network in 10 Belgian provinces.The digital …
LISBON, Portugal—Optimus, a subsidiary of Sonae.com and France T
HELSINKI, Finland—Nokia said it has signed US$705 million in contracts with Orange U.K. to supply Universal Mobile Telecommunications System (UMTS) and GSM network expansion for three years.Nokia said trial equipment …
BIRMINGHAM, United Kingdom—Mobile phone maker Sendo announced it signed an agreement with Italian telecommunications operator Wind Telecomunnicazioni, which calls for Wind to sell Sendo’s S200 phones through its retail outlets …
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 work to introduce RIM’s BlackBerry Enterprise …
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 deal announced last month. The preliminary …
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 of Man’s first data call over …
SARAJEVO, Bosnia—The Bosnia Communications Regulatory Agency (CRA) said it cancelled a tender for a third GSM operator following criticism about the tender process from two bidders.Austria’s Mobilkom and Croatia’s Hrvatske …
