Latin America's largest telecom group (measured by subscribers), América Móvil, posted an increase of 37.5% in net profit for the first quarter 2012, beating analysts’ forecasts largely due to the company's acquisition of the Brazilian cable television company, Net Servicos.
Net income climbed to US$ 2.5 billion...
Shareholders of Brazilian carrier Oi have approved a plan to simplify the company's holding structure and shares. Telemar Participacoes, which markets Oi-branded services in the country through Brasil Telecom, Tele Norte Leste Participacoes and Telemar Norte Leste, have agreed to resume investments and establish...
América Móvil, which recently posted an increase in revenues and a drop in net income for its latest quarter, said it will invest up to $9 billion in its operations in 2012 as it looks to capture customers across Latin America and meet...
Looking to extend its cloud computing platform, Oracle said it has entered into an agreement to acquire cloud-based talent management provider Taleo for $46 per share or approximately $1.9 billion, net of Taleo’s cash and debt.
Taleo’s talent management cloud is designed to help organizations...
Citing plans to expand its operations in mobile application development, integration, security and management, IBM (IBM) reported a definitive agreement to acquire privately-held Israeli-based Worklight, a provider of mobile software for smartphones and tablets.
Financial terms of the proposed deal were not disclosed, though the...
The Mexican Federal Competition Commission (Comisión Federal de Competencia - CFC or Cofeco) decision on broadcaster Televisa's plan to acquire half of cell-phone company Iusacell will not be disclosed until February 7. After a six-hour closed-door meeting on Tuesday (January 24) afternoon, Mexican regulators...
Brazilian Communication Ministry (Minicom)'s annual budget for 2012 has been pushed up to US $3 billion (R$ 5.49 billion). The amount includes the budget for Brazilian telecom regulator Anatel and State-owned Brazilian telecom Telebrás. This year's budget is US $628 million (R$ 1.1 billion)...
DirecTV’s Latin America subsidiary Sky Brazil announced its plans to acquire Acom Comunicacoes SA, provider of pay-TV and Internet broadband services through multichannel multipoint distribution service (MMDS).
Sky, which did not disclose the purchase price, announced its plans Dec. 4 to antitrust (CADE) and communications...
Colombian operator Empresa de Telecomunicaciones de Bogota has set for Jan. 19 the commercial launch of its mobile telephony services under mobile virtual network operator. ETB first started offering data services under the brand name Internet Móvil ETB in 2010, said Jose Otero, president...
América Móvil’s Telmex (BMV: TELMEX) said it intends to delist its American depositary shares from the New York Stock Exchange and the Nasdaq and its L Shares from the Mercado de Valores Latinoamericanos en Euros in Madrid (Latibex) and to terminate its American depositary...
Telecom operator GVT Holdings, owned by French entertainment and telecom group Vivendi, has been approved for a loan of U.S. $663 million (R$1.184 billion) from Brazilian development bank BNDES. The loan is intended to complement the company's investment plans through 2013, which are aimed at expanding current business areas and new cities, as well as pay-TV operations and implementing innovation in telephony services and Internet bandwidth range, content and interactivity.
Emerging countries such as Brazil, India and China have been strategic for companies around the globe, specifically in the IT and telecoms sector. When presenting recent financial results, Latin American enterprises reported some interesting perspective on the region, including comments about the continued expansion...
The future of Empresa de Telecomunicaciones de Bogota (ETB) seems to be uncertain. It is the phone company for the city of Bogota, and one of the largest telephone operators in Colombia, with about 2 million lines. It is first in subscribers for Internet...
ZTE | August 30, 2011 | Press Release
August 30, 2011, Shenzhen, China – ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly listed global provider of telecommunications equipment and network solutions, today announced a 21.52% increase in...
China Unicom Limited | August 24, 2011 | Press Release
Hong Kong, 24 August 2011 – China Unicom (Hong Kong) Limited ("China Unicom" or "the Company") (HKSE: 0762; NYSE: CHU) announced its 2011 interim results today.
In the first half of 2011, the Company experienced a...
Mobile TeleSystems | August 29, 2011 | Press Release
The management of Mobile TeleSystems (MTS) will be holding a conference call to discuss the Company’s Second Quarter 2011 Financial and Operating Results on September 06, 2011.
Please note that the conference call will start at:
18:00 hrs...
Cloud-computing service providers should install their infrastructure close to their clients to mitigate risks, said Gartner VP Gene Phifer, adding that as cloud service providers deploy that strategy, they will want to have their infrastructure throughout the world, including Brazil. As such, "the Brazilian...
SingTel | August 11, 2011 | Press Release
Revenue growth across Singapore and Australia in the quarter
Stronger Australian Dollar offsets weakness in regional currencies
Net profit affected by finance and tax expenses
Singapore, 11 August 2011 – Singapore Telecommunications Limited (SingTel) today announced that Group revenue rose 7...
Mexican telecom giant América Móvil, owned by billionaire Carlos Slim, is offering US $6.5 billion to acquire from shareholders the entire ownership of its fixed-line operation Telefonos de Mexico SAB or Telmex.
Currently, América Móvil owns 59.4% and is the biggest shareholder of Telmex. The...
The Brazilian federal government announced Tuesday a package of measures designed to reduce several taxes, including taxes in the information, communcations and telecommunications (ICT) sector. It is called Brazil Maior. In total, the government will give up to R$ 20.7 billion (US $13.2 billion) in...
In Spain, Telefónica reported a drop of 16.3% in first-half 2011 net profit to 3.162 billion euros. In the second-quarter, net profit dropped even more: 27%. According to company, it's due to rising operating costs and a writedown of the value of its stake...
Reuters | July 21, 2011 | Hayley Platt
Swedish mobile phone maker Ericsson missed forecasts taking the gloss off strong quarterly sales while Finland's Nokia delivered a 391 million euro profit for the same period. Hayley Platt reports.
Video via Reuters
Nokia | July 21, 2011 | Press Release
6.7% Devices & Services non-IFRS operating margin, benefiting from IPR royalty income related to the second quarter 2011 and settling prior periods.
Read the full press release here via Nokia
