(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.
NEW YORK (Reuters) - Verizon Communications Inc is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter, as the largest U.S. wireless carrier seeks to focus on its core business.
The sale would include the business formerly known as MCI, which provides landline and Internet services for large business customers, as well as Terremark, its data center unit, the people said this week.
STOCKHOLM (Reuters) - Mobile equipment maker Ericsson and U.S. networking company Cisco Systems Inc said on Monday they had agreed a business and technology partnership that should generate additional revenues of $1 billion for each company by 2018.
Ericsson, whose like-for-like sales are down 7 percent so far this year and were roughly flat over the previous three years, said the partnership means new areas of revenue as it will boost its addressable market, mainly in professional services, software and the resale of Cisco products.
(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.
TORONTO (Reuters) - BCE Inc posted a solid rise in third-quarter profit on Thursday, helped by its wireless customers spending more for service, the Canadian telecommunications company said.
Bell, as the company is known to customers, added 77,655 postpaid wireless customers, who typically spend more than those who prepay for service, it said.
The Montreal-based company said its wireless customers on average spent C$65.34 a month, up 6.1 percent, although it also paid more to court them amid tough competition.
MUMBAI (Reuters) - India's crowded telecoms sector is preparing for a long-awaited shake-up as highly indebted players jostle for access to costly airwaves and brace for the launch of a deep-pocketed new rival backed by India's richest man, Mukesh Ambani.
Ambani owns oil-to-retail conglomerate Reliance Industries, which is expected to begin offering fast data services across India by early 2016.
LONDON (Reuters) - The United States and Britain will test later this month how its regulators would respond if their financial sectors suffered a major cyber-attack or broader IT problems, a British official said on Monday.
The test, for which no date has yet been set, will focus on how regulators for the world's two biggest financial centers in New York and London communicate in an emergency, a spokesman for British government cyber-security body CERT-UK said.
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