Business Category

Huawei Posts Sharp Rise in First Half Revenues
July 22nd 2014 - 19:31 GMT
Huawei has reported a 19 percent jump in its first half revenues of CNY135.8 billion (US$21.9 billion) compared to a year ago....more

Yahoo Buys Mobile App Analytics Firm, Flurry
July 22nd 2014 - 19:24 GMT
Yahoo has bolstered its mobile division with the purchase of the mobile app analytics firm, Flurry. ...more

Google Revenues Surge, but Miss Profits Expectations
July 17th 2014 - 23:40 GMT
Google has reported surging revenues that beat analysts forecasts, and a profit that was up by a quarter, but missing forecasts....more

Harbinger Sues FCC for $2 Billion in Damages
July 16th 2014 - 01:55 GMT
The US telecoms regulator is facing a lawsuit for US$2 billion in damages that comes from its decision in 2012 to block the launch of a LTE network....more

America Movil Lifts Telekom Austria Stake Above 50 Percent
July 16th 2014 - 00:30 GMT
Mexico's America Movil has raised its stake in Telekom Austria Group to more than 50% after it paid US$1 billion for shares it had tendered for....more

TeliaSonera's Behind-The-Scenes Connection To Azerbaijani President's Daughters
July 15th 2014 - 11:45 GMT
Through a trail of owners and offshore registrations, the two daughters of President Ilham Aliyev appear to be connected to Azerbaijan's largest mobile phone business, Azercell....more

Helios Towers Africa Raises $630 Million to Fund Towers Expansion
July 15th 2014 - 03:00 GMT
Helios Towers Africa has raised US$630 million in new equity resources from existing and new shareholders....more

Fitch Downgrades TDS Ratings to 'BB+'; Outlook Stable
July 15th 2014 - 00:10 GMT
Fitch said that the downgrade reflects its belief that in 2014 the company's wireless operations will continue to struggle with the highly competitive wireless environment, leading to weak EBITDA margins and lower EBITDA....more

ZTE Lifts Profits Forecast for the First 6 Months of This Year
July 14th 2014 - 23:45 GMT
China's ZTE has raised its forecast for first-half profit as the company says that it has maintained strong momentum in its 4G infrastructure operations....more

Sprint Slowly Steps Closer to Takover Bid for T-Mobile USA
July 14th 2014 - 23:20 GMT
The long expected takeover of T-Mobile USA by Sprint has reportedly edged a stage closer, with a deal reached between the two company's controlling shareholders, Deutsche Telekom and Softbank....more

Telefonica in Talks to Sell Telecom Italia Stake
July 14th 2014 - 23:00 GMT
Telefonica's conflict of interest in Brazil may be heading closer to a resolution as the company is said to be considering a sale of its stake in Telecom Italia....more

Chinese Networks Set Up $1.2 Billion Tower Sharing Venture
July 13th 2014 - 23:55 GMT
China's three mobile networks have set up a joint tower sharing company as a new stand alone operator which will build future towers for the three networks....more

Zain Secures Victory in $4.5 Billion Lawsuit
July 12th 2014 - 03:45 GMT
Zain's Iraqi subsidiary says that a mysterious US$4.5 billion lawsuit against the company has been dismissed by the local courts....more

Bharti Airtel Raises Around $2 Billion from Towers Sale
July 10th 2014 - 00:10 GMT
Bharti Airtel has announced plans to sell around 3,100 telecoms towers in four countries to pan-African tower operator, Helios Towers....more

America Movil to Sell Mexican Assets to Avoid Regulatory Squeeze
July 9th 2014 - 23:45 GMT
America Movil's dominance of the Mexican mobile market seems close to an end after the company announced plans to sell assets to bring its market share down to below 50 percent....more

Egypt's Mobinil Denies Rumours of Sale by Parent Shareholder
July 9th 2014 - 01:45 GMT
Egypt's Mobinil has denied media reports that its majority shareholder, France's Orange is looking to sell the company....more

BlackBerry Sells German R&D Facility to Volkswagen
July 8th 2014 - 01:00 GMT
BlackBerry has sold its European research and development centre in Bochum, Germany to the car manufacturer, Volkswagen....more

MBlox Raises Additional Investment Funding
July 8th 2014 - 00:40 GMT
Mobile messaging vendor, mBlox says that it has raised an additional US$43.5 million to fund the continued growth of its business....more

Samsung Issues Surprise Profits Warning
July 7th 2014 - 22:52 GMT
Samsung has issued a sharp profits warning, and is forecasting that its second-quarter profits will be badly hurt by a slow down in smartphone sales, and local currency problems....more

Tele2 Sells Norwegian Network After Losing Out in Radio Spectrum Auction
July 6th 2014 - 23:00 GMT
Tele2 has announced a deal to sell its Norwegian mobile network to TeliaSonera for an enterprise value of SEK 5.1 billion (US$745 million) on a cash and debt free basis....more

Gowex CEO Resigns in Disgrace - Company Files for Bankruptcy
July 6th 2014 - 10:35 GMT
Spanish municipal Wi-Fi provider, Gowex has filed for bankruptcy and the CEO has resigned after admitting it falsified its accounts for the past four years....more

HTC Returns to Quarterly Profit
July 6th 2014 - 01:40 GMT
Taiwan's struggling smartphone manufacturer, HTC reported another decline in its quarterly revenues, but did manage to return to profit....more

Gowex Shares Plunge Following Allegations of Financial Fraud
July 5th 2014 - 03:05 GMT
Shares in the fast growing municipal Wi-Fi provider, Gowex more than halved earlier this week following a report that cast doubt on the company's finances....more

Fitch Affirms TeliaSonera at 'A-'; Outlook Stable
July 5th 2014 - 00:50 GMT
Fitch said that TeliaSonera continues to benefit from a well-diversified business portfolio, strong cash flow, sound market position in most of its territories, and low financial leverage relative to the European incumbent peer group - most of which are rated at least one notch lower....more

Fitch: Telefonica Deal Approval Supports Investment and MVNOs
July 3rd 2014 - 23:25 GMT
EU regulatory approval of Telefonica Deutschland's acquisition of E-Plus should encourage further network investment by allowing in-market consolidation, while also ensuring virtual operators have the 4G capability that will be essential if they are to thrive in the long-term,...more

Vodafone Gets Approval to Buy Spanish Landline Network
July 3rd 2014 - 00:35 GMT
The European Commission has cleared the proposed acquisition of Spain's Grupo Corporativo ONO by Vodafone....more

Nokia Networks to Buy USA Based SAC Wireless
July 2nd 2014 - 23:25 GMT
Nokia Networks has entered into an agreement to acquire USA based SAC Wireless, a provider of infrastructure and network deployment solutions....more

European Regulators Approves Merger of German Mobile Networks
July 2nd 2014 - 23:00 GMT
European regulators have conditionally approved a merger between two German mobile networks, KPN's E-Plus and Telefonica Deutschland's O2....more

Vodafone Sells Entire Stake in Fiji Based Mobile Network
July 1st 2014 - 11:55 GMT
Vodafone Group has announced the surprise sale of its stake in its Fijian subsidiary....more

AT&T Sells Remaining Stake in America Movil for $5.6 Billion
June 29th 2014 - 23:00 GMT
USA based AT&T is selling the remainder of its stake in Latin America's America Movil for US$5.6 billion, ending a 20-year partnership between the two companies....more

Moody's Says Oi's Tower Sale is Credit Positive, but Does Not Improve Its Rating
June 28th 2014 - 02:15 GMT
The agreement between Brazil's Oi's and SBA Communications to sell 1,641 tower sites in Brazil for BRL1.2 billion is credit positive as it will help the company continue to reduce debt, ...more

InMobi Raising $300 Million in Mobile Advertising Push
June 27th 2014 - 01:30 GMT
Mobile advertising company InMobi is said to be in advanced discussions with two new investors to raise up to US$300 million....more

Canada's Quebecor Interested in Buying Struggling Smaller Networks
June 26th 2014 - 01:40 GMT
Canada's Quebec based mobile network, Quebecor has confirmed that it has aspirations to become a nationwide network operator -- if the conditions are right....more

Telekom Austria to Take EUR400 Million Write-Down on Bulgarian Subsidiary
June 25th 2014 - 23:00 GMT
Telekom Austria Group has issued a profits warning, as it takes an impairment of EUR 400 million on its Bulgarian asset Mobiltel....more

Flextronics Ratings Affirmed Despite Risk to Revenues from Motorola Sale
June 25th 2014 - 03:30 GMT
Fitch believes Lenovo's acquisition of Motorola Mobility, Flextronics' largest customer, will weigh on Flextronics' top line beginning in fiscal 2016, given Lenovo's internalized manufacturing model....more

Wind Italy's Debt Ratings Downgraded
June 25th 2014 - 03:10 GMT
Italy's Wind Telecomunicazioni has seen its debt ratings lowered to 'B+' from 'BB-' by the Fitch ratings agency due to the ongoing competitive Italian market and the company's own high levels of debt....more

Fitch Affirms SingTel & Optus Debt Ratings with Stable Outlook
June 25th 2014 - 02:40 GMT
Fitch Ratings has affirmed Singapore's SingTel Long-Term Foreign- and Local-Currency debt ratings, as well as its senior unsecured rating, at 'A+'....more

Opera Buys Mobile Video Advertising Platform
June 25th 2014 - 00:40 GMT
Web browser to mobile ad agency, Opera has acquired AdColony, a mobile video advertising platform, for US$75 million in cash, and up to US$275 million by 2016 as a mix of cash or shares....more

Google Buys 60Ghz Wireless Developer
June 24th 2014 - 01:20 GMT
Google has bought a US start-up that is working on a 60Ghz wireless technology for an undisclosed amount....more

Eircom Seeking Dual Stock Market Listing in London and Dublin
June 22nd 2014 - 23:55 GMT
Ireland's largest landline operator, Eircom, which also owns the Meteor branded mobile network is moving closer to a stock market listing,...more