(Reuters) - T-Mobile US Inc on Thursday posted better-than-expected second-quarter profit and revenue and raised its 2015 subscriber forecast for the second time this year, boosting shares about 5 percent.
The No. 4 U.S. wireless by revenue now expects to add 3.4 million to 3.9 million postpaid users, or customers who pay on a monthly basis based on usage, in 2015, up from 3.0 million to 3.5 million.
Quarterly revenue jumped 14 percent to $8.18 billion as aggressive promotions helped win customers in the second quarter. This beat analysts' estimate of $7.94 billion.
NEW YORK (Reuters) - BlackBerry Ltd on Thursday showcased a suite of security products that safeguard everything from medical devices to Hollywood movie scripts, though its CEO acknowledged that his effort to transform the company remains a work in progress.
The Waterloo, Ontario-based company, whose smartphone market share has dwindled, is attempting to morph into a more software-focused entity.
HONG KONG/BEIJING (Reuters) - Huawei Technologies Co Ltd more than doubled its China smartphone revenue in the first half of 2015, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi Inc and Samsung Electronics Co Ltd.
The fourth-largest smartphone maker globally missed shipment targets for two years, but a focus shift to high-margin premium models pushed January-June worldwide shipments to 48.2 million phones, Huawei said on Wednesday. That puts it on course to move 100 million mobiles this year, 33 percent more than last.
(Reuters) - Verizon Communications Inc recently lowered its full-year revenue target as it fends promotions from its competitors.
Investors shrugged off higher-than-expected second-quarter earnings, which resulted mostly from a jump in tablet subscribers, and sent shares of the largest U.S. wireless service provider down as much as 3 percent.
Smaller rivals such as T-Mobile US Inc have stirred up an industry price war, and wireless carriers have been offering heavy promotions and discounts on tablet and phone plans to keep or increase subscribers.
There are many reasons for justifying Voice over LTE (VoLTE) beyond the obvious efficiencies for voice services. Some of the business case drivers include:
Arguably, the biggest driver is simply “Dialable VoIP”.
BEIJING (Reuters) - Fast-growing Chinese smartphone maker Xiaomi Inc is strengthening its patents in preparation for its entry into the U.S. market, head of international operations Hugo Barra told Bloomberg Television on Thursday, without offering a time table.
The company has already encountered intellectual property hurdles in India, where a patent infringement complaint from telecom equipment giant Ericsson briefly halted sales of its handsets late last year.
MEXICO CITY (Reuters) - Mexican telecoms giant America Movil, controlled by billionaire Carlos Slim, will respond to a challenge from U.S. carrier AT&T by offering some subscribers free calls to and data in the United States, and will also invest $6 billion in its network in Mexico, its chief executive said on Thursday.
HELSINKI (Reuters) - When U.S. software giant Microsoft bought Nokia's struggling mobile phone business last year, the inhabitants of Salo – a town of 54,000 in southern Finland – thought the move would revive the local economy.
But their hopes were crushed last week when Microsoft announced it would close Nokia's former product development unit in the town, putting all 1,100 jobs at risk. Last year the U.S. company had said it could hire more staff in Salo.
NEW DELHI (Reuters) - Chinese telecoms giant Huawei Technologies Co has won security clearance to manufacture telecoms equipment in India, paving the way for it to become the first major Chinese brand to supply locally made products for one of the world's biggest markets for mobile phones.
TORONTO (Reuters) - BlackBerry Ltd named Carl Wiese as head of global sales on Monday, an appointment that comes at a critical juncture for the smartphone industry pioneer, which needs to spur top-line growth in order for its turnaround efforts to succeed.
Wiese has spent the past 12 years at Cisco Systems, first heading advanced technology sales and later its collaboration-product sales efforts. Those teams focus on aspects such as security and web conferencing, areas that BlackBerry is trying to expand within.