TORONTO (Reuters) - BlackBerry's pivot to software began to show traction on Friday, after the company reported a smaller quarterly loss and its first quarter-to-quarter revenue increase in over two years, sending its stock soaring 13 percent.
Significantly, gains in software revenue more than offset a steepening decline in legacy system access fees for the first time, and the Waterloo, Ontario-based company said this trend should continue.
TORONTO (Reuters) - Cable company Shaw Communications Inc gutpunched its main telecom rival with a surprise offer to buy wireless operator Wind Mobile, sinking shares in Telus Corp on Thursday amid competition fears.
Telus fell to its lowest since early 2014 as analysts cheered Shaw's move, which if completed, would give Wind more financial heft to expand its network and provides Shaw with an established wireless product to bundle with its Internet, television and landline services.
BRUSSELS (Reuters) - European Union antitrust regulators charged Qualcomm on Tuesday with abusing its market power to thwart rivals, putting the world's number one mobile chipset maker at risk of a hefty fine.
The accusations by the European Commission are the latest antitrust problems for the company as regulators in the United States, China, Japan and South Korea look into its licensing model and its dominant patents in mobile networks and devices.
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd's long-time handset division chief is ceding day-to-day management of the struggling smartphone business in the biggest leadership change yet under the Samsung conglomerate's heir-apparent, Jay Y. Lee.
Samsung Group said 54-year-old Dongjin Koh will take over as president of the mobile communications business from 59-year-old J.K. Shin, who will remain head of the overall mobile division for Samsung Electronics and focus on long-term strategy and developing new growth businesses.
CAPE TOWN (Reuters) - Finnish network equipment maker Nokia remains upbeat about its growth prospects in Africa despite a slowdown in many of the continent's fastest-growing economies, a senior company executive said on Thursday.
Nokia, which sold its once-dominant mobile handset business to Microsoft in 2014, deals in Africa mostly with telecommunications operators and governments, both of which have been hit by weaker currencies and slower economic growth.
(Reuters) - Network equipment maker Cisco Systems Inc's forecast adjusted profit and revenue growth for the second quarter below analysts' estimates, citing a slowdown in order growth and weakness in its enterprise business outside the United States.
Shares of Cisco, considered a bellwether for the performance of the broader network gear industry, fell 5 percent to $26.41 in extended trading on Thursday.
AMSTERDAM/BARCELONA (Reuters) - Dutch navigation company TomTom announced on Thursday a multi-year contract to provide Uber with digital maps and traffic data for the software used by its drivers.
It is the latest in a series of deals for the Dutch company, which also signed agreements this year to provide maps for Volkswagen and renew a contract to supply maps for Apple's built-in iPhone navigation app.
TomTom CEO Harold Goddijn said Uber had chosen the Dutch company because the ride-hailing app company wanted to have "total control" over its own products.
BARCELONA (Reuters) - The $1 billion in added revenue Cisco and Ericsson each expect to see by 2018 from their new partnership to build next-generation networks is just the beginning, top executives said on Wednesday.
Executives at both Cisco and Ericsson said in an on-stage interview that they expected "at least" $1 billion a-piece during the first phase of the partnership announced this week, but that they had bigger ambitions for the years to come.
BARCELONA (Reuters) - Mobile networks operator Vodafone has looked at spinning off its entire emerging markets unit, which includes its interests in India, Africa, New Zealand, Qatar and Turkey, but decided the synergies it gives justified keeping the group together, Chief Executive Vittorio Colao said on Wednesday.
The size and scope of Vodafone's worldwide operations were in the spotlight this summer when it was in talks with European cable operator Liberty Global about an unspecified exchange of assets.
(Reuters) - Dish Network Corp reported quarterly revenue that fell short of market estimates as more subscribers dropped its pay-TV service and growth in its online streaming service Sling TV showed signs of faltering.
The company said on Monday it had lost about 23,000 pay-TV subscribers on a net basis in the quarter ended Sept. 30, compared with a loss of about 12,000 a year earlier.
User defections rose to 1.86 percent of the company's subscriber base, compared with the 1.69 percent analysts surveyed by research firm FactSet StreetAccount had expected.