WASHINGTON (Reuters) - Sprint Corp's cellular plan with more generous data allowances may fall short in overcoming defections by clients concerned about disruptions in the No. 3 cellular carrier's network, analysts say.
The new plan, which doubles the company's data offerings and provides a credit of up to $350 for customers switching from other carriers, does not benefit existing Sprint subscribers, who are kept on their original, more expensive pricing plans.
ACCRA (Reuters) - Ghana company Surfline Communications launched the country's first 4G data network on Tuesday in partnership with French technology company Alcatel-Lucent, making Ghana the sixth nation in sub-Saharan Africa to get the high speed service.
The wholly-owned company invested more than $100 million for the first phase of the Long-Term Evolution (LTE) network, which has 300 cell sites, according to Chairman John Taylor, who owns a string of oil-related businesses, and wholly owns Surfline.
WASHINGTON (Reuters) - Cox Communications Inc [COXC.UL] is not interested in merging with wireless carrier T-Mobile US Inc or rival cable providers, Cox President Pat Esser said on Tuesday, dispelling rumors recently swirling about the private company.
"We're not in any discussions to buy T-Mobile," Esser told Reuters. "I don't see a movement inside of our company that we feel like we have to pony up or match up with a wireless company."
TAIPEI (Reuters) - The launch of new tech products such as Apple's iPhone 6 will help Taiwan remain one of Asia's stronger exporters, bolstering its economic prospects this year amid a patchy global recovery.
After the government raised Taiwan's GDP outlook for 2014 last week, export orders on Wednesday will provide more evidence that prospects have improved for the trade-reliant economy. A manufacturing survey in July showed new export orders grew at their fastest rates since January 2011.
OVERLAND PARK KANSAS/ WASHINGTON (Reuters) - Sprint Corp will implement "very disruptive" prices next week, newly appointed Chief Executive Officer Marcelo Claure said at a company-wide town hall meeting on Thursday, according to the telecommunications industry website, Light Reading.
Claure, who replaced Dan Hesse last week, said his first order of business is cutting prices, followed by sprucing up the company's network, now completing a massive overhaul, and reducing operational costs, the website said.
BEIJING (Reuters) - China's Lenovo Group said first-quarter profit jumped 23 percent, beating estimates, as a surge in smartphone sales showed how quickly the world's biggest personal computer maker is transforming itself into a major player in mobile technology.
Beijing-based Lenovo said on Thursday net income climbed to $214 million in the three months through June from $174 million in the same period a year earlier, the opening quarter of its fiscal year. That was ahead of estimates of $202 million, according to a Thomson Reuters SmartEstimate poll of analysts.
(Reuters) - Mobile service provider NII Holdings Inc, reporting its ninth quarterly loss in a row, said on Monday it may have to file for bankruptcy after struggling to compete in Brazil and Mexico.
NII shares fell more than 50 percent in after-market trading to 30 U.S. cents, after ending regular trade at 66 cents on the Nasdaq.
WASHINGTON (Reuters) - The top U.S. communications regulator on Friday said he is asking all large U.S. wireless carriers to explain how they decide when to slow download speeds for some customers, after questioning Verizon Wireless about such a plan.
Verizon, the biggest U.S. carrier, said last month that the top 5 percent of high-speed data users on its older unlimited data plans might experience slower speeds starting in October.
MOSCOW (Reuters) - Russia further tightened its control of the Internet on Friday, requiring people using public Wifi hotspots provide identification, a policy that prompted anger from bloggers and confusion among telecom operators on how it would work.
The decree, signed by Prime Minister Dmitry Medvedev on July 31 but published online on Friday, also requires companies to declare who is using their web networks. The legislation caught many in the industry by surprise and companies said it was not clear how it would be enforced.
WASHINGTON (Reuters) - Sprint Corp's <S.N> newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftBank <9984.T>.
But his talents will now be put to the test like never before as he must complete the No. 3 carrier's network upgrade while trying to retain customers, who are defecting in droves.