Israel wonders if too much competition a bad thing in mobile market

Contrasts with the tougher line on telecoms mergers being taken by European regulators

Reuters

TEL AVIV (Reuters) - Israel's mobile phone market looks set to consolidate as concerns grow that cut-throat competition is undermining firms' ability to invest in infrastructure, leaving Israel trailing other nations despite its reputation as a high-tech leader.

Five years ago, an Israeli family might pay $300 a month for mobile phone services. Today, a family of six can get all its calls, messages and 10 gigabytes of data for as little as $30 a month.

Altice's customer woes in Europe stoke concern ahead of its U.S. foray

Cost cuts planned in U.S. where it would be the No. 4 cable operator if Cablevision and Suddenlink deals approved

Reuters

NEW YORK (Reuters) - Cable and communications company Altice NV is battling subscriber losses and investor impatience on its home turf in Europe, raising concerns it could have a lot on its plate as it gears up to acquire Cablevision Systems Corp and Suddenlink Communications Inc in the United States.

On Wednesday, Altice reported worse-than-expected third-quarter results, sending shares down 10 percent. Executives said they have raised spending on marketing to acquire customers and will continue at that level in coming quarters.

Nokia beats estimates and returns cash, Alcatel deal on track

Analysts had been wary about earnings after Ericsson posted disappointing results, citing slow demand in China

Reuters

HELSINKI/PARIS (Reuters) - Finnish network equipment maker Nokia reported stronger-than-expected quarterly profits as growth in China offset weaker demand in other key markets, and said it would return money to shareholders after acquiring Alcatel-Lucent.

The company said on Thursday it was on track to complete the proposed 15.6 billion euro ($17 billion) takeover of its French rival in the first quarter of next year after securing regulatory approvals, and also brought forward its 900 million euro cost-saving target for that deal by a year to 2018.

Verizon says Internet of Things revenue at $500 million year-to-date

As smartphone market gets saturated, Verizon and rival AT&T hope connecting more objects provide avenue for growth

Reuters

NEW YORK (Reuters) - Verizon Communications Inc is trying to pave the way for developers to connect more devices to the Web, as its "Internet of Things" business has touched $500 million so far this year, an executive said on Wednesday.

Aimed at connecting to the Internet everything from household devices to industrial machines, the business is growing at a "double-digit" rate, Mike Lanman, senior vice president of enterprise products at Verizon said at an event in San Francisco.

Huawei takes smartphone fight to Samsung, Apple with third-quarter shipments boom

Huawei doubled its China smartphone revenue in 1H 2015, defying a slowdown in the world's biggest market

Reuters

HONG KONG (Reuters) - China's Huawei Technologies Co [HWT.UL] is set to be the fastest-growing major smartphone vendor this year, analysts said, boosting its drive upmarket to challenge industry giants Samsung Electronics Co and Apple Inc.

The upbeat view came after Huawei, the world's third-biggest smartphone supplier by volume, on Tuesday said third-quarter global smartphone shipments jumped 63 pct year-on-year to 27.4 million handsets. Higher-end device sales also grew, a key target for Huawei as it seeks to shed its budget supplier image.

Alphabet, Microsoft, Amazon give Wall Street reason to cheer

Cloud computing remains the priority for all 3, as large enterprises shift to hosted data services

Reuters

(Reuters) - Google parent Alphabet Inc, Microsoft Corp and Amazon.com Inc made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday.

Shares of all three surged in early trading, adding more than $120 billion to their combined market value - more than the gross domestic product of Morocco.

For Alphabet, search traffic on mobiles surpassed desktop traffic worldwide for the first time, while Amazon was able to boost margins, an area of concern, as its cloud business boomed.

Ericsson profit misses forecasts, hit by China slowdown

Reinforces concerns that another major growth market had passed its peak

Reuters

STOCKHOLM/FRANKFURT (Reuters) - Slowing demand for new mobile networks in China pushed third quarter sales and profit for Sweden's Ericsson below forecasts and reinforced concerns that another major growth market had passed its peak.

Like-for-like sales at Ericsson, the world's biggest maker of mobile telecoms network equipment, dropped 9 percent in the third quarter, with declines in China and Europe.

Smartphones put power to deal currencies into retail traders' hands

At one London-based broker, Mobile trading makes up about 60 percent of transactions, up 10 percent in 4 years

Reuters

LONDON (Reuters) - Once the preserve of big international banks, smartphones are putting the power to deal currencies into the hands of a new cohort of traders, who can make a fortune -- or lose their shirt -- on the bus to work.

Retail foreign exchange trading has grown rapidly in recent years, but the image has been of a lone trader in front of a computer screen. Smartphones, owned by around half the world's adults, are changing that.

China gives conditional approval to Nokia-Alcatel deal

Terms mainly relating to wireless standards and patents were imposed to protect market competition

Reuters

BEIJING/HELSINKI (Reuters) - China's Ministry of Commerce on Monday approved Nokia's proposed acquisition of French rival Alcatel-Lucent with conditions, almost completing the 15.6 billion euro ($17.6 billion) deal's antitrust process.

The ministry said the Finnish telecom network equipment maker had agreed to meet certain terms by Dec. 10, mainly relating to the use of wireless telecommunication standards and patent licensing.

Intel's data center business seen rebounding in 2016

As spending on data center systems slows, analysts see more users taking to cloud services

Reuters

(Reuters) - Intel Corp's move to cut growth forecast for its highly profitable business that makes chips used in data centers may have disappointed investors, but analysts see the unit rebounding next year as more users take to cloud services.

Expanding the business is critical to Intel's efforts to reducing its dependence on the PC market, which has been shrinking for almost four years. Buying Altera Corp earlier this year was a step in this direction.

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