Bloomberg | February 10, 2011 | Robert Fenner and Chan Sue Ling
Telstra Corp., Australia’s largest phone company, posted earnings that missed estimates as it accelerated spending to win back customers from the second- ranked Optus unit of Singapore Telecommunications Ltd.
Net income fell 36 percent to...
Sprint Nextel Corp. (S) appeared to continue making progress on turning around its beleaguered operations during the final three months of 2010. The carrier said it added 1.1 million new customers to its network during the quarter, its strongest growth in nearly five years...
Bloomberg | February 8, 2011 | Diana ben-Aron
Telenor ASA, the Nordic region’s largest phone company, rose the most in two months in Oslo trading after reporting fourth-quarter earnings that beat analyst estimates.
Telenor climbed as much as 2.90 kroner, or 3.3 percent, to 91.90 kroner,...
Bloomberg | February 4, 2011 | Mariko Yasu
Sony Corp. rose the most in more than a week in Tokyo trading after Japan’s largest exporter of electronics reported third-quarter profit that exceeded analyst estimates.
The stock climbed 1.8 percent to close at 2,919 yen on the...
Signaling the changing face of its wireless operations, AT&T Mobility (T reported record customer growth for the fourth quarter of 2010 led by non-traditional operations including prepaid, resale partners and connected devices.The carrier said it added a company record 2.8 million new connections to...
With the impending launch of Apple Inc.’s (AAPL) iPhone on its network looming, Verizon Wireless (VZ) made a case that it’s doing just fine sans the industry’s most iconic eye candy. The nation’s largest operator said it added a robust 955,000 net customers during...
AT&T Inc. (T) said it will book $2.7 billion in a pretax, noncash charge for its fiscal fourth quarter as part of an accounting change in recognizing the impact of pension and other postretirement benefits. The company noted that the change will now post...
AT&T Inc. (T) said it will book $2.7 billion in a pretax, noncash charge for its fiscal fourth quarter as part of an accounting change in recognizing the impact of pension and other postretirement benefits. The company noted that the change will now post...
CipherOptics said it completed a $21 million financing round led by Adams Capital Management. The round included new investors Blue Heron Capital Management, Intuitive Venture Partners, Next Stage Capital, Kestrel Asset Management, Origin Partners and Axiom Venture Partners. The funding will be used to...
Aptilo Networks signed an agreement to buy Service Factory, which is a division of Birdstep Technology. The acquisition strengthens Aptilo’s position in the wireless service management and policy control areas, said the company. The company also announced Norvestor V L.P. made an investment in...
Motorola Mobility Inc. acquired Zecter Inc., which provides synchronization and streaming technologies for on-demand digital media content. The company did not provide details on the terms of the deal. Zecter currently offers two products, including its ZumoDrive for cloud-based content synchronization, and ZumoCast for...
Livewire Mobile Inc. said it acquired FoneStarz Media Group, which is a mobile content supplier and digital storefront that works with a variety of telecom and media brands. The combined company will provide application distribution, ringback, full-track music, video, advertising, ringtones, images and games....
SensorLogic, which offers a service delivery platform for machine-to-machine applications, said it raised $5 million in additional funding led by Sevin Rosen Funds and Boston Millennia Partners. Existing investors UPS Strategic Enterprise Fund and Covera Ventures also participated in the funding round. The...
Social games developer Zynga Inc. acquired Texas-based mobile game developer Newtoy Inc. Newtoy is best known for its ‘Games With Friends' series of games, which includes Words With Friends, Chess With Friends and We Rule. Terms of the deal were not released.Novatel Wireless Inc....
O3B Networks, which is building a satellite Internet backbone for telecom operaters and ISPs, said it closed its final funding round prior to its service launch, bringing its total financing to $1.2 billion. The funding will carry the company through the launch of its...
Laird Technologies acquired Cattron Group International in a move to expand its presence in the machine-to-machine market. Cattron supplies wireless remote control systems for the railroad, mining and industrial markets.Expedia Inc. said it entered an agreement to acquire Mobiata, which has created mobile travel...
ChinaTel Group Inc. said it entered two related stock subscription and shareholder agreements with Shanghai Ying Yue Network Technology Ltd. and Azur Capital that give ChinaTel a 51% stake in 34,000 KM of fiber-optic cable in China. ChinaTel is investing 9 million shares...
Editor's Note: The list below is a wrap up of third-quarter 2010 results for the nation's largest facilities-based and public wireless carriers. The results are from the carriers' quarterly reports and include all customers on their networks, including network partners.Verizon Wireless (VZ) continues to...
Novatel Wireless Inc. entered a definitive agreement to acquire privately held Enfora Inc., which provides asset-management solutions that use wireless technology and machine-to-machine communications. The deal is valued at $64.5 million in cash, with a possible additional consideration of up to $6 million...
Chad is back. Alltel Wireless' (ATNI) spokesman, who pokes fun at his wireless rivals, plans to introduce Alltel's new Free Fridays calling plan with a new advertising campaign on Nov. 12. The regional operator is introducing a new calling plan that makes all...
U.S. Cellular Corp. (USM) reported better earnings on basically flat revenue for the third quarter, and while average revenue per user increased, the carrier continued to lose customers. Total subscriber count dropped by 41,000 from June through September.The operator introduced service plans called ...
Armed with new contracts from Verizon Wireless and three Chinese operators, Acatel-Lucent reported third-quarter profits and reiterated its fourth-quarter outlook for nominal profitability this year. CEO Ben Verwaayen said he is pleased with the progress the company has made in its “transformation journey” since...
The typical third-quarter malaise that seems to impact other no-contract customers each year continued to bypass MetroPCS Communications Inc. (PCS), which said it added more than 223,000 customers to its network during the quarter. The results were in stark contrast to rival – and...
Following a couple of quarters of customer losses, T-Mobile USA Inc. (DTEGY) managed to post a gain in subscribers during the third quarter, though that gain came at a fiscal cost.The nation's fourth largest operator said it added 137,000 subscribers during the third quarter,...
