Ericsson and Cisco in network partnership to boost sales

Powerhouses team to sell routing, data center, network, cloud and mobile equipment and services


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.

Verizon weighing $10 billion sale of enterprise assets

According to sources, sale would include the former MCI and data center unit Terremark


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.

Canada's BCE posts profit rise on wireless spending while Telus sees growth slowing

A greater number of wireless customers are free to switch providers this year due to regulatory changes


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.

India's telecom firms gear up for deals as competition heats ups

With about 980 million wireless users, India's mobile market trails only that of China


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.

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


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.

U.S. and UK to test financial cyber-security later this month

No date set, no final decision on the exact scenarios for the exercise or the banks that would take part


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.

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


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


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


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


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.

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