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.
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.
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.
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.
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.
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.
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.
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.
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.