STOCKHOLM (Reuters) - Swedish mobile gear maker Ericsson said it is ready to cut more costs if needed after lower expenses, patent fees and a sales recovery in China helped it meet forecasts for quarterly operating profit on Wednesday.
Ericsson's focus on lifting profits by paring costs comes as demand in its biggest markets shifts to upgrades of existing capacity rather than building new, next-generation networks.
(Reuters) - AT&T Inc, the No. 2 U.S. wireless carrier, said fourth-quarter revenue grew less than expected as it added fewer mainstream wireless customers than a year ago due to stiffer competition from rivals.
The company's stock fell about 2 percent.
AT&T had 526,000 net new postpaid customers, down 38.4 percent from 854,000 a year earlier. For its prepaid service, the company had 469,000 net new customers, it said on Tuesday.
(Reuters) - Sprint Corp, the No. 4 U.S. wireless carrier, on Tuesday posted a smaller-than-expected quarterly loss and raised its earnings outlook, helped by a cost-cutting drive and a boost in subscribers, sending its stock up as much as 22 percent.
Sprint shares soared to a session high of $3.08 before receding to $3.01 in the afternoon, still up more than 19 percent on the day. Those gains nearly erased the 21 percent fall in the stock in 2016 through its close on Monday.
(Reuters) - Verizon Communications Inc on Thursday reported higher-than-expected revenue for the fourth quarter as heavy promotions helped it counter aggressive offers and discounts from rivals and win new users.
Shares of the No. 1 U.S. wireless phone service provider, whose profit edged past analysts' estimates, rose 2.7 percent to $45.63 in morning trading.
(Reuters) - Intel Corp's strong quarterly profit beat was overshadowed by concerns about slowing revenue growth in its highly profitable data center business, sending its shares down about 5.6 percent in after-market trading.
Chief Executive Brian Krzanich has looked to weather a slump in demand for chips used in personal computers by focusing on the business of supplying chips for high-end servers.
FRANKFURT (Reuters) - Adyen, one of Europe's biggest fintech start-ups, said on Thursday that annual revenue doubled to around 330 million euros ($360 million) in 2015, leading profits to nearly triple to 40 million euros compared with a year ago.
The Dutch company, a rival to Worldpay, PayPal and Square said transaction volumes running via its payments platform doubled to 50 billion euros, resulting in a tripling of profits thanks to mounting economies of scale.
(Reuters) - Sprint Corp plans to save up to $1 billion in costs by relocating its radio towers to low-cost government-owned properties from space leased from private firms, Re/code reported, citing sources.
The U.S. telecom company plans to relocate towers from the more expensive space leased from Crown Castle International Corp and American Tower Corp as soon as June or July, Re/code said on Friday.
But the move, dubbed the Next Generation Network, would result in a wave of network hiccups, Re/code reported, citing a person familiar with the company's plan.
PARIS (Reuters) - Orange Chief Executive Stephane Richard said on Tuesday that a merger with rival French telecoms operator Bouygues would have to create value for the company and safeguard jobs in the sector.
Orange is in talks to buy Bouygues Telecom for about 10 billion euros ($10.9 bln) in cash and shares, in a deal which could see Bouygues receive a 15 percent stake in Orange valued at 8 billion euros, and the rest in cash.
(Reuters) - Verizon Communications Inc has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core business.
A sale would represent the latest effort by Verizon, the No. 1 U.S. wireless carrier, to streamline its portfolio following a divestment last year of a chunk of its landline business and a portfolio of wireless towers.
HELSINKI (Reuters) - Finland's Nokia said on Monday it has gained control of French counterpart Alcatel-Lucent following its 15.6-billion-euro ($17 billion) all-share offer and the two telecom equipment makers would start to combine their operations next week.
The Alcatel acquisition will put Nokia into a stronger position to compete with Sweden's Ericsson and China's Huawei in a market for telecom network gear where limited growth and tough competition are pressuring prices.
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