BEIJING-Vodafone, the world's largest mobile-phone operator by total subscriber numbers, is set to take a 2-percent stake in China Mobile (Hong Kong), the listed subsidiary of parent China Mobile Telecommunications in Beijing. Vodafone agreed to purchase shares valued at $2.5 billion in China Mobile...
NEW YORK-Verizon Wireless added 806,000 new customers during the third quarter of this year, a 35-percent increase in net additions compared with third quarter results last year from the combined U.S. wireless properties of Bell Atlantic Corp., Vodafone Group and GTE Corp.The additions put...
HONG KONG-China Mobile Hong Kong is buying seven mobile-phone networks from China Mobile Communications, its parent company, for about US$33 billion. China Mobile Hong Kong will sell US$2.5 billion of shares to Vodafone Group plc to help pay for the acquisition, giving Vodafone a...
NEW YORK-Telecommunications carriers worldwide are under significant pressure due to the bandwidth explosion, rising capital expenditures, competition from new players and delays in commercial rollout of new technologies."I take a cautious view of the telecommunications services world at the moment, although I believe there...
NEW YORK-Telecommunications is like chess, because the grand masters emerge as victors by controlling the center of the board, Ivan Seidenberg, president and co-chief executive officer of Verizon Communications Inc., said."In our case, the move to center means four platforms: robust local access, local broadband,...
CAMBRIDGE, England-Interest group Cambridge3G was launched to establish Cambridge, England, as a leading test bed in Europe for the early rollout of third-generation mobile services.The initiative is backed by Cambridge-based telecommunications companies including Analysys, 3G LAB, Cambridge Positioning Systems, Cambridge Silicon Radio, Smart421 and...
IndiaThe government-owned Department of Telecom Operations (DTO) will start its cellular mobile service in some cities by March 2001. It will soon float a tender for the supply and installation of about 1.5 million lines of GSM equipment on a turnkey basis.The service would...
Until you have actually bought a good or service using a mobile device, it is difficult to comprehend the sheer power of the phone as an electronic wallet. In Europe, recent initiatives by innovative carriers such as Sonera allow users to buy candy, to...
HELSINKI, Finland-Vodafone Hungary plans to use Nokia Corp.'s InSite Base Station solution to provide indoor coverage and capacity solutions to its new headquarters in Budapest, Hungary.The agreement includes equipment supply, solution planning and implementation."For a large company like Vodafone Hungary, dedicated indoor coverage helps...
BUCHAREST, Romania-As European wireless penetration rates increase, operators are looking to new services, including short message service (SMS) and fax and data transmissions, to increase profit margins. Another application, mobile positioning, is gaining importance across Europe.According to U.K. telecom consultancy Ovum, the market for...
DUBLIN, Ireland-High license costs and fierce competition have further increased the pressure on European third-generation (3G) operators to quickly roll out their networks. But while this rush to market will create opportunities for companies other than the current dominant cellular infrastructure vendors Nokia and...
FranceFrance released details of its plan to award four 3G wireless phone licenses based on a beauty contest. Bidders, given a 31 January, 2001, deadline to submit proposals, will be judged on the strength of their business plans, before being selected to pay US$4.5...
TOKYO-Japan Telecom said it plans to launch third-generation (3G) mobile service by October 2001, instead of its originally scheduled December 2001 date. J-Phone, the company's wireless operator, hopes to better compete with NTT DoCoMo, the country's dominant wireless carrier by moving forward the launch...
EricssonCanada. With Microcell Connexions for a GPRS network.Value: UndisclosedChina. With China Unicom for GSM expansions in Jilin, Sichuan, Jiangsu, Anhui and Hubei provinces.Value: US$176 millionLaos. With Lao Telecommunications Co. for GSM switching.Value: US$1.2 millionMexico. With Pegaso forCDMA equipment for its PCS network.Value: US$200 millionTurkey. With Turkcell for a...
NEW YORK-The number of licenses awarded, not the prices paid for them, likely will lead Standard & Poor's Corp. to downgrade the debt ratings of many winning bidders in Germany's recent third-generation wireless auctions."The total paid, 50.5 billion euros ($45.85 billion), conforms to our...
New ZealandNokia Corp. will integrate its General Packet Radio Service core network solution into Vodafone New Zealand's network, providing mobile Internet access to Vodafone's subscribers. Vodafone plans to launch commercial GPRS service during the fourth quarter.TaiwanNokia will deliver its General Packet Radio Service core...
WASHINGTON-Union employees at Verizon Communications, the parent company of Verizon Wireless, remained on strike at RCR's deadline Friday afternoon with both sides refusing to say when the strike might end.Whether the key issue of easing efforts at union organizing of wireless employees has been...
In a surprise ending, six groups walked away with Universal Mobile Telecommunications System licenses in Germany at a total cost of $45.85 billion, the largest amount raised yet in a third-generation spectrum auction, hitting the ceiling of most analyst predictions.Each of the winners-Deutsche Telekom...
A long list of investors led by J.P. Morgan Capital Corp., FirstCall Telephone Corp. and the management team from former operator Triton Cellular Partners have formed a new wireless carrier.BGV PCS Acquisition Co. L.L.C. has acquired PCS licenses in Chicago and Cincinnati from Verizon...
NEW YORK-Verizon Wireless reported second-quarter results, the first quarter following the combination of the U.S. wireless assets of Bell Atlantic Corp., Vodafone AirTouch plc and GTE Corp.Verizon revenues increased 19 percent, from $3.3 billion to $4 billion, for the second quarter, compared with the...
HELSINKI, Finland-The Finnish government said it is in negotiations to sell its 52.9-percent stake in Sonera, the former state telecom monopoly, which operates the country's largest mobile-phone network.Speculation has circulated for months that Sonera must take a partner to compete in the increasingly competitive...
WASHINGTON-While Verizon Communications workers strike in part to make it easier for its wireless workers to join unions, union issues have been largely settled at other companies.Before its workers began striking Aug. 6, Verizon Communications said it did not believe it was in a...
WASHINGTON-Whether Verizon Wireless employees can join a union was a key topic that may have led to a strike by Verizon Communications employees as of midnight Aug. 6.The Communications Workers of America released a statement late last week noting none of its issues had...
NEW YORK-Amid the clutter of conflicting and shifting capital market indicators, the outlook for companies in any sector related to wireless telecommunications nevertheless appears positive.The daily whipsawing of the Nasdaq, where the stocks of many high technology companies trade, may obscure but does not...
