STOCKHOLM/FRANKFURT (Reuters) - Ericsson, the world's No.1 mobile network equipment maker, topped second-quarter sales and profit forecasts and said its mainstay North American business had stabilized after three quarters of declines, lifting its shares as much as 6 percent.
Mobile operators in North America, which accounts for about a quarter of Ericsson's turnover, have largely finished building out the latest 4G networks, meaning suppliers are having to focus on upgrading congested parts of existing networks there.
NEW YORK (Reuters) - A U.S. judge ruled on Thursday that online television service FilmOn X LLC should be treated like a traditional cable system in order to transmit the programs of the nation's broadcasters over the Internet.
The ruling, coming as consumer TV-watching habits are increasingly migrating to the Internet, is the first to first to view a streaming service like a cable provider and could have major implications for broadcasters if it is upheld by higher courts.
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.
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.
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.
(Reuters) - Intel Corp reported better-than-expected quarterly results on Wednesday as growth in its data centers and Internet-of-Things businesses helped offset weak demand for personal computers that use the company's chips.
Shares of the world's largest chipmaker, which also cut its full-year capital expenditure forecast for the second time, rose as much as 9.2 percent after market before paring some of their gains.
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.
SAN FRANCISCO/DETROIT (Reuters) - Carmakers are limiting the data they share with technology partners Apple Inc and Google Inc through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do in their cars.
HONG KONG (Reuters) - Chinese telecommunications equipment maker ZTE Corp said on Friday it has struck a deal with SoftBank Corp to deploy its "pre-5G" technology in Japan, with a commercial trial to begin early next year.
ZTE has touted its "pre-5G" technology as providing faster speeds on 4G network. It sees it as intermediate step between current 4G technology and 5G, the next generation of networks that the wireless industry is hoping to have up and running by 2020.