The news from Motorola Inc., which reported first-quarter earnings early today, is fairly grim-and the short-term outlook is no better.The Schaumburg, Ill.-based handset giant posted flat sales, an operating loss and lower shipments and market share than in the year-ago quarter. Despite the grim...
ESPOO, Finland—Nokia Corp. scored $341 million while Motorola Inc. received $410 million as part of a settlement with Turkish network operator Telsim Mobil Telekomunikasyon. The payments were made upon the completion of the sale of Telsim’s assets, in accordance with an agreement reached last...
LONDON-Vodafone Group plc won an auction to purchase Turkey's second-largest wireless operator Telsim for $4.55 billion. "With a larger population than every European country except Germany, and penetration level of approximately 53 percent, the Turkish market represents a major growth opportunity," said Arun...
LONDON-Vodafone won an auction to purchase Turkey's second largest wireless operator Telsim for $4.55 billion. "With a larger population than every European country except Germany, and penetration level of approximately 53 percent, the Turkish market represents a major growth opportunity," said Arun Sarin,...
Motorola Inc. said it received a $500 million cash payment as part of an agreement to settle its financial and legal claims against Turkish cellular operator Telsim Mobil Telekomunikasyon and the Turkish Savings and Deposit Insurance Fund. Telsim owed Motorola $2.5 billion after being...
SCHAUMBURG-Motorola Inc. said it received a $500 million cash payment as part of an agreement to settle its financial and legal claims against Turkish cellular operator Telsim Mobil Telekomunikasyon and the Turkish Savings and Deposit Insurance Fund.Telsim owed Motorola $2.5 billion after being taken...
ESPOO, Finland-Nokia Corp. reached a settlement with Turkish operator Telsim Mobil Telekomunikasyon, whereby Nokia will receive a payment after the sale of Telsim's assets. Nokia said the settlement is subject to the formal board approval of the Turkish Savings and Deposit Insurance Fund, which...
SCHAUMBURG, Ill.-Motorola Inc. announced it has scored agreements to freeze international roaming payments to Turkish wireless carrier Telsim Mobil Telekomunikasyon. Motorola said the carrier owes it $2.5 billion, a claim backed by international courts.Motorola said courts in the United States and the United Kingdom...
Motorola Inc. said the U.S. Supreme Court affirmed a $2.13 billion judgment against the Uzan family in a long-running dispute between the company and the Turkish family that included charges of fraud. The Supreme Court decision denied the Uzans' petition for a writ of...
LONDON-In another legal triumph, a High Court has given Motorola Inc. the authority to seize assets belonging to Turkey's Uzan family. The decision confirms an earlier ruling in a U.S. District Court last year, which described the Uzans' action as a "massive fraud."The family...
SCHAUMBURG, Ill.-Motorola Inc. claimed another victory over the Uzan family in Turkey as the U.S. Court of Appeals for the Second Circuit has upheld the ruling of a District Court ordering the Uzans to pay the vendor the sum of $2.13 billion, according to...
Motorola Inc. claimed another victory over the Uzan family in Turkey as the U.S. Court of Appeals for the Second Circuit has upheld the ruling of a District Court ordering the Uzans to pay the vendor the sum of $2.13 billion, according to Motorola.The...
It may turn a Pyrrhic victory for Motorola Inc., which may not collect any damages in spite of defeating Turkish operator Telsim in the court of law.Telsim owes Motorola and Nokia Corp. $4.26 billion, but a twist arose when the Turkish government confiscated the...
BELLEVUE, Wash.-Dartmouth College is deploying a campus-wide wireless Internet Protocol network to serve its 13,000 students, faculty and staff. Initially, the network will allow students to wirelessly access data with notebook computers, and by the end of the year, the school plans to fully...
After years of legal and public relations duels, Motorola may be edging closer to a payday. If, that is, it can locate the borrowers.A court decision rejected the appeal of the Uzan family, who owns Turkish No. 2 carrier Telsim, and asked them to...
Motorola Inc. lost a battle in its war against Turkish mobile operator Telsim as a Swiss court Thursday ruled the owners' assets there can be unfrozen. In addition, Cem and Hakan Uzan, two brothers within the Uzan family, which controls Telsim, resigned from the...
Motorola Inc. lost a battle in its war against Turkish mobile operator Telsim as a Swiss court Thursday ruled the owners' assets there can be unfrozen. In addition, Cem and Hakan Uzan, two brothers within the Uzan family, which controls Telsim, resigned from the...
CHICAGO-Motorola Inc. won another legal victory over Turkey's wireless carrier Telsim in a Swiss court ruling to freeze the $800 million of assets controlled by the Uzan family, which owns the carrier.Motorola had sued the carrier under the U.S. anti-racketeering and fraud laws and...
CHICAGO-Motorola Inc. won another legal victory over Turkey's wireless carrier Telsim in a Swiss court ruling to freeze the $800 million worth of assets controlled by the Uzan family, which owns the carrier.Motorola had sued the carrier under the U.S. anti-racketeering and fraud laws...
Motorola Inc. savored a victory in its fraud lawsuit against Turkish carrier Telsim as a U.S. federal judge ordered the Uzan family to pay the vendor $4.26 billion, plus post-judgement interest. Both Motorola and Nokia Corp. filed fraud and racketeering lawsuits against the Turkish...
NEW YORK-Motorola Inc. savored a victory in its fraud lawsuit against Turkish carrier Telsim as a U.S. federal judge ordered the Uzan family to pay the vendor $4.26 billion, plus post-judgement interest.Both Motorola and Nokia Corp. filed fraud and racketeering lawsuits against the Turkish...
The legal duel as well as the claims and counterclaims between Motorola Inc. and Turkish carrier Telsim intensified with a recent full-page advertisement in the Wall Street Journal and some other large-circulation publications, highlighting the woes of vendor financing.In the ad, titled "Important Notice...
NEW YORK-The Uzan family, which controls Telsim, Turkey's second-largest mobile carrier, will most likely be found guilty of fraud for failing to repay US$2.7 billion in equipment vendor loans from Motorola and Nokia, said federal Judge Jed Rakoff."The court's familiarity with the history makes...
NEW YORK-A law firm, Stull, Stull and Brody, said it filed a class-action lawsuit against wireless vendor Motorola for misleading its common stock purchasers between February 2000 and 14 May, 2001.The lawsuit, which was filed at the U.S. District for the Southern District of...
