The group that owns thousands of former Nortel patents filed a barrage of patent lawsuits on Thursday against cell phone manufacturers including Google, the company it outbid in the Nortel bankruptcy auction.
Saudi Telecom has flagged a sharp increase in quarterly profits thanks to the implementation of new cost-cutting measures, and says it is considering the sale of further assets to improve its fiscal position.
The Saudi Arabian incumbent reported a 73% increase in net income for the third quarter, to SAR3.39 billion ($904 million), compared with the same period a year earlier, while revenues for the first nine months of the year edged up by 2.5%, to SAR34.3 billion.
Croatia’s Hrvatski Telekom has reported a slump in revenues and profits for the three months ending September, with the country’s beleaguered economy taking a heavy toll on earnings performance.
Majority owned by Germany’s Deutsche Telekom (Bonn), the Croatian incumbent flagged a 32.1% drop in net income, to HRK394 million ($71.22 million), and said revenues fell by HRK1.77 billion, compared with the same period the year before.
France’s Numericable is reported to have announced plans for an initial public offering valuing the cable company at some €5.57 billion ($7.69 billion).
According to a report from Dow Jones Newswires, the operator plans to raise around €652.5 million in new capital, including €250 million from a capital increase.
Meanwhile, private-equity owners Carlyle and Cinven are looking to sell another €402.2 million as part of the offering, which would give Numericable (Paris, France) an enterprise value of between €5.06 billion and €5.57 billion, including €2.75 billion in debt.
Shares in America Movil fell nearly 3 percent on Friday after Latin America's biggest phone company reported a sharply lower profit and on concerns over the investment strategy of billionaire Carlos Slim's flagship company.
On a conference call on Friday, a day after the company released quarterly earnings, analysts repeatedly asked questions about America Movil's (Mexico City, Mexico) plans in Europe. The company announced last week it would not proceed with a planned offer for Dutch phone company KPN (The Hague, Netherlands).
NTT Communications Corp said it will gain control of two U.S. cloud computing firms in takeover deals worth a combined 85.5 billion yen ($880 million), as Japanese firms ramp up efforts to improve overseas networks through acquisitions.
The unlisted long-distance and overseas calling unit of Nippon Telegraph and Telephone Corp (Tokyo, Japan) will buy Virtela Technology Services Inc (Greenwood Village, CO, USA), which provides communications services to corporations, and acquire an 80 percent stake in RagingWire Data Centers (Sacramento, CA, USA).
This conference will provide delegates with an opportunity to hear from industry leaders on the challenges facing the telecoms sector. Sessions will focus on rural broadband, legal and property issues, technology and mobile infrastructure with highlights including:
French telecoms incumbent Orange has reported a slump in earnings and revenues for the three months ending September, with regulation and competition weighing heavily on the operator in its economically challenged European heartlands.
The operator witnessed a 4% drop in revenues, to €10.16 billion ($14 billion), and saw restated earnings before interest, taxation, depreciation and amortization (EBITDA) fall by 7%, to €3.37 billion, in its third quarter.
Programmable-chip maker Altera Corp forecast current-quarter revenue below Wall Street estimates, citing fewer orders for its telecom and wireless products, sending its shares down 5 percent after the bell.
Altera (San Jose, CA, USA), which also reported lower-than-expected sales for the quarter ended September 27, forecast current-quarter revenue to be down 3 percent to up 1 percent, compared with the third quarter.
That implies fourth-quarter revenue of between $432.5 million and $450.5 million.
Telecoms industry executives have rated interoperability as the key challenge they face in deploying superfast broadband networks, according to a recent survey conducted by Informa Telecoms & Media.
The market-research company surveyed a total of 237 so-called “broadband stakeholders” and said that 54% of respondents cited interoperability as one of the top three challenges they face, with 25% of operators viewing it as the main challenge.