Editor's Note: Welcome to our weekly Reality Check column. We've gathered a group of visionaries and veterans in the mobile industry to give their insights into the marketplace.As 2010 and the first launches of Long-Term Evolution (LTE) networks approach, the global mobile industry is...
NASHVILLE, Tenn. — As fourth-generation network rollouts begin, the wireless industry’s value chain has viable buildout opportunities that should keep the sector healthy, as long as various segments work in harmony.“4G wireless will be the game changer that we all expect and hope it...
Rajeev Suri has been named CEO of Nokia Siemens Networks. He will replace Simon Beresford-Wylie effective November 1. Suri currently runs the Services business of Nokia Siemens Networks.FLO TV has chosen Alice Kim to assume the newly created position of SVP of Strategy...
The converging telecom and IT space is set to become a $5 trillion global business, fueled by relentless demand from individuals and businesses to be able to access information across any device at any time. The wireless/telecom/media/IT sector is growing two to five...
Nokia Siemens Networks said it was establishing a "center of competence" in Dallas dedicated to developing LTE for the North American market. The center is expected to employ approximately 500 people, including current Nokia Siemens workers and new hires. To further show its support...
Verizon Wireless said it has completed the first data call using the LTE Release 8 standard at its testing facilities in Boston and Seattle. The carrier, which is planning to launch LTE trial networks in the two markets before the end of the year,...
BARCELONA, Spain - Verizon Wireless fleshed out its LTE plans by naming its network suppliers and setting a commercial launch date of 2010. The company, which plans to initially use its 700 MHz spectrum for the buildout, did not say what the effort would...
With three of the four largest wireless providers in the United States selling femtocells to boost indoor coverage, and the fourth expected to join the party, a Massachusetts company is banking millions that the technology will take off.Verizon Wireless was the most recent to...
Nortel Networks Corp. could get bypassed by the wireless industry as officials attempt to restructure the ailing company through bankruptcy, according to officials with a firm that advises carriers.Officials with Pace Harmon said keeping business in the wireless industry will be a challenge for...
As other infrastructure companies struggle, L.M. Ericsson continues to buck the trend, posting a strong fourth quarter in 2008 that netted sales of $7.9 billion. However, the Swedish company will continue with cost-saving measures that it started last year by cutting 5,000 jobs this...
As the market digests news of Nortel's financial failings, a new report forecasts the rest of the global telecom equipment vendor market also will have to gird for a rough 2009 - with some players remaining relatively unscathed while others could be forced into...
Upon its filing for bankruptcy, the future for Nortel Networks Corp. looks cloudy, as analysts now speculate whether the company can stay in business, sell assets or even be bought out by a competitor.The Canadian telecommunications giant filed for bankruptcy today for protection from...
Paying bribes for business didn't pay off for Siemens AG, as the company has agreed to pay $1.6 billion in fines to U.S. and European authorities. The settlement, announced Dec. 15, takes care of criminal charges filed by the U.S. Department of Justice and...
Nortel Networks Corp. has sought legal counsel regarding bankruptcy protection, according to a published report.The Canadian networking equipment company is seeking the legal advice to protect the company from creditors in case a restructuring plan fails, according to a report in today's Wall Street...
NOKIA CORP. DELIVERED A SOBER WARNING Friday that a "rapid change" in consumer spending over past weeks led the handset giant to cut its estimates for mobile device volumes in the fourth quarter and for 2009.Nokia, with about 40% global share of the handset...
NORTEL NETWORKS CORP. FACES AN UPHILL CLIMB following a third quarter where the company reported losses of $3.4 billion and said it would cut thousands of jobs and say goodbye to a number of high-ranking executives.Analysts said tough times are ahead and one even...
The top three companies in the wireless infrastructure market all posted revenues in the billions, but only one came out on top in turning a profit for the third quarter.The world leader in market share, L.M. Ericsson, surprised investors as the company posted $6.5...
Alcatel-Lucent posted another loss in the third quarter as new leadership vowed to return the world's largest telecommunications equipment maker to profitability.The French-U.S. company reported a net loss of $51 million, a 43% decrease from the $445 million the company reported for the third...
Siemens Enterprise Communications launched an enterprise-focused one-stop shop for mobile unified communications.The German-based company unveiled its OpenScape Mobility Solution last week and an analyst predicts the offering will reduce costs for businesses. Siemens also claims the new solution will work with infrastructure from...
