Beleaguered mobile broadband operator LightSquared has filed a “reorganization plan” with the US Banktupcy Court in Manhattan that proposes a sale of assets as a means of overcoming its difficulties, reports Dow Jones Newswires.
The operator filed for bankruptcy protection in May 2012, following a government ruling that its spectrum would interfere with global positioning systems, and since then has made concessions on spectrum sharing that it hopes will convince authorities its network can be used.
More than 1,000 device models from over 100 manufacturers have now been developed for use on 4G LTE networks, according to the latest research from the Global mobile Suppliers Association (GSA).
In its latest industry status report, the GSA says a total of 1,064 LTE device models from 111 manufacturers are now available, noting a recent acceleration of activity in this area.
Indeed, since July 2011, some 647 new device models have been announced, according to the GSA, with the number of manufacturers growing by 66% over that period.
Telefonica says it has secured America Movil’s support to make an improved offer for E-Plus, KPN’s Dutch subsidiary, valuing the operator at €8.55 billion ($11.43 billion) compared with the €8.1 billion in its original offer.
The revised bid would see the Spanish operator pay KPN (The Hague, Netherlands) €5 billion in cash for a 62.1% stake in E-Plus instead of the 65% it had previously sought.
China Mobile Ltd has awarded initial 4G contracts worth around 20 billion yuan ($3.2 billion), with Chinese firms securing more than half of the biggest prize in the global telecoms industry this year and foreign firms winning about a third, industry sources said.
Telecoms equipment makers, such as global leader Ericsson (Stockholm, Sweden) and Huawei Technologies Co Ltd (Shenzhen, China), have been waiting for China Mobile's (Beijing, China) 4G tender to lift the fortunes of an industry that has been hit by a lack of spending worldwide.
Data upload traffic on the mobile network of UK operator EE has exceeded downloads for the first time ever at a number of major events, according to new research from the operator.
“For the first time in the UK, the amount of data uploaded onto our network has surpassed downloads at major events such as the London Marathon and Baroness Thatcher’s funeral,” said Fotis Karonis, EE’s (Hatfield, UK) chief technology officer.
China Telecom has reported a sharp rise in earnings and revenues for the first six months of the year thanks to soaring demand for the iPhone and mobile data services.
The operator – China’s third-biggest behind China Mobile (Beijing, China) and China Unicom (Beijing, China) – saw net income increase by 15.9% for the first half, to RMB10.2 billion ($1.67 billion), compared with the same period last year, while revenues grew by 14.1%, to RMB138 billion, over the same period.
Russia’s MTS swung to a net profit and reported revenue growth for the three months ending June thanks to rising demand for mobile data services and various one-off gains, including settlements related to its disputed ownership of Bitel, an operator in the Kyrgyz Republic.
German carmaker Audi has begun selling cars with in-built LTE connectivity across Europe and it plans to introduce the technology into US vehicles next spring.
The 4G technology is now available in the Audi S3 Sportback and will be introduced into other vehicles in the manufacturer’s premium compact range in November.
According to the GigaOm website, the company also plans to release an LTE-equipped version of its A3 Sedan in the US market, but not until spring 2014.
Canada's three biggest wireless companies plan to attack Verizon Communications Inc's role in the U.S. government's electronic spying scandal, as they scramble to force Ottawa to rethink rules that encourage Verizon to set up in Canada, according to four sources.
The Canadian government has so far spurned an intense lobbying effort from the trio - Rogers Communications (Toronto, Canada), BCE Inc (Montreal, Canada) and Telus Corp (Burnaby, Canada) - by insisting its policies will cut Canadians' wireless bills.
The stars may be aligning for a long-awaited deal between Apple Inc and China Mobile Ltd, the world's biggest mobile carrier, that could help the iPhone maker claw back lost ground in its most important growth market.
Apple (Cupertino, CA, USA) is expected to unveil its redesigned iPhone next month and may also release a cheaper, emerging market smartphone.