BRAMPTON, Ontario-Nortel Networks reported its revenues for the third quarter ended Sept. 30 increased 30 percent to $5.39 billion from $4.14 billion reported for third-quarter 1998.The company said its net earnings were $380 million, or 28 cents per share, compared with $236 million, or...
During the last five weeks, merger and acquisition announcements have flooded the telecommunications arena. Carriers in Asia, Europe and North America continue to jockey for positions in an industry that promises to exclude players without multinational footprints.Telia/TelenorThe merger of Telia of Sweden and Telenor...
OSLO-Newly merged Telenor and Telia agreed to acquire a 30-percent stake in DiGi Swisscom Berhad, a Malaysian telecommunications group that operates a Global System for Mobile communications 1800 MHz network, said Telenor. The investment is valued at approximately $207 million.Under terms of the agreement,...
Oracle Corp. introduced wireless Internet software called Portal-to-Go, a universal translator of sorts designed to allow wireless devices to communicate with any Internet site, intranet database or network-aware appliance.Based on Oracle's Internet database software, Portal-to-Go is available to carriers, Internet content providers or enterprise...
GENEVA-Nortel Networks and Telia Mobile announced a cooperative development effort to enable subscriber-managed services that can span multiple, dissimilar networks, including traditional wireless and wireline networks, as well as cable, satellite and all types of multimedia Internet Protocol networks.The companies said they will interweave...
ScandinaviaAs expected, the European Commission approved the merger of Telia of Sweden and Telenor of Norway. To secure the approval, the two companies have consented to sell their cable TV operations and eliminate overlapping activities in Sweden, Norway and Ireland. The merger will create...
NEW YORK-Nuance of Menlo Park, Calif., announced Oct. 5 it is in preliminary testing stages with 25 telecommunications and Internet companies for Voyager, its new speech interface software.Company officials said they see Voyager, which uses open standards, as heralding the arrival of the "Voice...
BONN, Germany-Deutsche Telekom said the government of Croatia accepted its bid to acquire 35 percent of Hrvatske Telekomunikacije for $850 million. It won out against a rival offer from Scandinavia's Telia and Telenor. Hrvatske Telekomunikacije operates a wireless network and two national cellular networks-Global...
JOHANNESBURG, South Africa-Six cellular phone companies, including a consortium led by South Africa's MTN, have been prequalified by Kenya's Communications Commission to bid for a second mobile phone license in the country.However, mixed signals about deregulation are being conveyed by Kenyan Transport and Communications...
BANGALORE, India-Foreign investors are reconsidering their investments in India, with press reports naming several European and U.S. companies lining up to back out of operations there.Swisscom, the Switzerland-based telecommunications operator, decided to pull out of its joint venture with Essar group of India several...
NEW YORK-Telecom Eireann raised about $4.3 billion and erased 10 percent of Ireland's national debt with its initial public offering, which was priced July 7 and began trading July 8 in Dublin, London and New York.Investors were attracted to Telecom Eireann's dominant position in...
Olivetti ultimately prevailed in the takeover attempt of Telecom Italia, with 52 percent of Telecom Italia shareholders voting to accept Olivetti's offer instead of Telecom Italia's defense plan centered around a proposed merger with Deutsche Telekom. The US$65 million takeover is the largest in...
BURLINGTON, Mass.-Telia Telecom A/S, a new Danish telecommunications operator and subsidiary of Telia Sweden, has selected the FraudBuster solution from Lightbridge Inc. for its network, which offers converged mobile and wireline services, announced Lightbridge.Telia will use the product to reduce losses attributable to subscription...
OXFORD, United Kingdom-If an Olympic games in cellular communications were ever staged, there is little doubt who would head the medals table. Finland would take gold in almost every event. The Finns take great pride in being first.Finland has been at the forefront of...
STOCKHOLM (AP)-Sweden and Norway signed an agreement to merge and partially privatize their state telecommunications companies.The proposed merger of Sweden's Telia and Norway's Telenor first was announced in January, but signing the agreement was delayed, reportedly by disputes about where several of the new...
CANNES, France-CNN Interactive last week announced at the GSM World Congress its CNN Mobile service, a mobile telephone news and information service using a platform it co-developed with Nokia Oy. The service will allow consumers to get text-based CNN news on their handsets, and...
JapanTu-Ka Phone Kansai Inc., based in Osaka, Japan, said it selected Brite Voice Systems and Marubeni, a large Japanese trading company, to launch an intelligent network-based version of BriteDebit, Brite's prepaid service. Brite said it will help Tu-Ka Phone Kansai with all aspects of...
OSLO, Norway-The Norwegian Minister of Transport and Communications Odd Einar Dorum and the Swedish Minister of Industry Bjorn Rosengren have signed a letter of intent to merge Norway's Telenor and Sweden's Telia into a new company.The agreement is conditioned upon the new company being...
The State Department late last month urged the European Commission to allow U.S. third-generation wireless equipment and service providers a fair opportunity to compete in Europe.In a letter sent to EC Commissioner Martin Bangemann Dec. 19, the United States expressed concern Europe may be...
LONDON-The Baltic region covers an area of 174,000 square kilometers, with approximately 8 million people generating US$13 billion in gross domestic product (GDP). But while Estonia, Latvia and Lithuania may seem similar countries to an outside eye, in reality they boast quite different cultures,...
JOHANNESBURG, South Africa-As Africa enters the threshold of the African Renaissance and progresses toward privatizing and liberalizing its telecommunications sectors, powerful alliances are being forged in the wireless arena."The rapid privatization of the telecommunications sector in east African countries and southern Africa is attracting...
United KingdomCellPoint Systems AB and its partner Wasp International of South Africa demonstrated a Global System for Mobile communications phone positioning system at the 2nd International Conference on Mobile, Location & Transport Telematics in London. AU System-which is owned by L.M. Ericsson, Telia AB,...
STOCKHOLM, Sweden-L.M. Ericsson unveiled a mobile positioning system for Global System for Mobile communications networks that uses network idle time to calculate the position of a mobile subscriber on a given network.The server-based technology allows positioning services to be deployed in any GSM network...
STOCKHOLM, Sweden-L.M. Ericsson said it and Swedish operator Telia will conduct further trials of business communication services, providing Global System for Mobile communications wireless connectivity over Internet Protocol-based enterprise networks.The test of Ericsson's GSM on the Net combined GSM and IP technology uses small...
