Huawei's H1 revenue up 19 percent year-on-year at $22 billion

No. 2 telecom equipment maker expects to generate an operating margin of 18.3 percent in the first six months of 2014

Reuters

TAIPEI (Reuters) - Huawei Technologies Co Ltd, the world's No. 2 telecom equipment maker, said on Monday it will achieve sustainable growth in 2014 after posting a 19 percent jump in first-half revenue to 135.8 billion yuan ($21.88 billion).

The Shenzhen-based company also said it expected to generate an operating margin of 18.3 percent in the first six months of 2014. The company did not elaborate in its brief statement.

Smartphone suit against Google plays into rivals' hands

Google argued last week the proposed class action should be dismissed

Reuters

SAN FRANCISCO (Reuters) - A U.S. consumer lawsuit accusing Google of monopolizing prime real estate on Android smartphones will help mobile rivals like Microsoft make their antitrust case with European regulators should damaging secrets emerge in court.

The suit, filed in California federal court in May by two smartphone consumers, said Google requires handset manufacturers such as Samsung Electronics Co Ltd <005930.KS> to restrict competing apps like Microsoft's Bing search on Android phones, partly by making Google's own apps the default.

With 1 million comments, U.S. net neutrality debate nears first marker

Wheeler insists the FCC would carefully guard against abuse of the rules to hurt competition or consumers

Reuters

WASHINGTON (Reuters) - U.S. companies, consumer advocates and citizens submitted more than 1 million comments to the Federal Communications Commission, drawing contentious divisions on the issue of net neutrality as the first deadline to comment approached Friday.

Ericsson's networks unit recovers, shares rally

In China, Ericsson is selling equipment for a massive rollout of fourth-generation mobile networks

Reuters

STOCKHOLM (Reuters) - A recovery in Ericsson's <ERICb.ST> network equipment business pointed to strong results for the rest of the year, propelling its shares toward their biggest daily gain in more than three years.

In China, Ericsson is selling equipment for a massive rollout of fourth-generation mobile networks. In developed markets, it is benefiting from capacity upgrades as network operators cope with a surge in mobile data traffic.

Ericsson expects recent contract wins to boost revenue during the second half of the year.

Google seen best placed for growth as it transitions to mobile

Google's capital investment budget has topped $17 billion over the past five years

Reuters

(Reuters) - Google Inc <GOOGL.O> <GOOG.O> is the best placed of any company to benefit from the shift to mobile, increased local advertising and wearables, analysts said after the search giant posted its 18th straight quarter of 20 percent-plus revenue growth.

At least eight brokerages raised their price targets on the stock on Friday by as much as $75, to a high of $745.

Google shares were up 2 percent at $593.37 in early trading on the Nasdaq.

Spain's Gowex files for bankruptcy, ex-CEO could face 10 years in jail

Former Chief Jenaro Garcia Martin misrepresented financial accounts for at least 4 years

Reuters

MADRID (Reuters) - Spanish wireless networks provider Gowex filed for bankruptcy on Monday, a week after an accounting fraud at the firm was revealed, while the High Court said its founder could face a jail sentence of more than 10 years.

Law firm Velez & Urbina said Gowex had decided to file for bankruptcy because it was in a state of "imminent insolvency" and faced a "financial standstill" after a high number of contracts were ended and new projects were canceled.

U.S. web companies press demands for net neutrality with FCC

Internet Association president says it doesn't make sense to differentiate between mobile and wireline

Reuters

(Reuters) - Major U.S. web companies on Monday urged regulators to restrict the ability of Internet providers including mobile carriers to strike deals for faster delivery of some web traffic and planned a publicity campaign about the government's proposal.

The Internet Association, which represents three dozen web companies such as Google Inc, Netflix Inc and Amazon.com Inc, made their case in a filing with the Federal Communications Commission, which plans to establish new so-called "net neutrality" rules.

Spain's Telefonica in talks to exit Telecom Italia: report

Move could ease regulatory pressure in Brazil's wireless market

Reuters

(Reuters) - Spain's Telefonica SA is in talks to sell its stake in Telecom Italia in a move that could ease regulatory pressure in Brazil's wireless market, Brazilian newspaper Folha de S.Paulo reported on Friday.

Telefonica is negotiating a deal with investment funds to sell its stake in Telecom Italia, the paper reported, without saying how it obtained the information. Telefonica is left with a nearly 15 percent direct stake in the Italian company after fellow investors voted to dismantle their controlling bloc.

Dish tells U.S. FCC will participate in 2015 spectrum auction

Plans may include a partnership with another broadband player to build a wireless network

Reuters

(Reuters) - Dish Network Corp said it plans to take part in the U.S. Federal Communications Commission's large sale of low-frequency airwaves planned for mid-2015, according to a filing disclosed on Wednesday.

Dish's Chairman Charlie Ergen and other executives met with the FCC's Chairman Tom Wheeler, four commissioners and numerous wireless officials on Monday, giving the most explicit pledge so far by the satellite TV provider to "meaningfully participate" in the so-called "incentive" auction.

Carlos Slim bows to Mexico telecoms reform

Toughest battery of regulations since Slim took control of former state phone monopoly in 1990s

Reuters

MEXICO CITY (Reuters) - Billionaire Carlos Slim's America Movil AMXL.MX said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations.

The company, which controls some 70 percent of Mexico's mobile market and 80 percent of the fixed line business, said in a statement its board had decided to sell assets to another company that could boost investment in the sector.

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