The number of smartphones being used worldwide topped 1bn in the third quarter, according to the US Strategy Analytics consultancy firm. That number could double again in less than three…
Sprint Nextel has bought out Craig McCaw’s 5 per cent stake in Clearwire, re-establishing Sprint’s majority equity stake in the mobile broadband pioneer without buying the whole of the company.…
Verizon Communications, the second-largest telecoms group in the US by revenue, more than doubled net new mobile subscribers to 1.8m in the third quarter on the back of rapid smartphone…
Nokia burned through €633m of cash in the third quarter and operating losses in its mobile phones business widened, sparking further concern about the health of the Finnish company. Net…
The US Federal Communications Commission has approved a proposal that will enable AT&T to use spectrum for its growing 4G LTE mobile network that has mostly sat unused for 15…
Europe’s top competition authority is to fire a shot across the bows of telecoms executives desperate for consolidation by taking a robust stance in an important merger test case in…
Have funds, will travel. Japanese groups are looking overseas for deals like never before. SoftBank’s bid for Sprint is only the latest. With balance sheets heavy with cash and a…
Thailand’s main telecoms regulator on Wednesday defended the results of a long-delayed auction of third-generation mobile spectrum bandwidth after criticism that it was underpriced. Tuesday’s auction netted the government Bt41.7bn…
TeliaSonera, the Swedish telecoms operator wracked by problems in central Asia, is to cut 2,000 jobs as profitability in the third quarter missed forecasts. The partially Swedish government-owned company is…
Masayoshi Son spoke to investors for more than an hour in Tokyo earlier this week as the chief executive of SoftBank spelt out his reasons for buying Sprint. But for…
A growing tug of war between the United Arab Emirates’ two telecommunications companies and their regulator over a crackdown on sim card security is stoking fears of mass disconnections in…
Cable & Wireless Communications (CWC) is in advanced talks to sell its controlling stake in Macau’s largest telecoms group for as much as $650m to Citic Telecom International, part of…
Telefónica is aiming to raise €1.5bn through the flotation of more than a fifth of its German business as the Spanish telecoms group seeks ways to raise cash to pay…
SoftBank is no stranger to daring mergers and acquisitions, including cross-border ones. The Japanese mobile phone operator, which is poised to become a force in the US telecoms market with…
Courage, mes braves. Vincent Bolloré’s increased stake in France’s Vivendi – which now tops 5 per cent – is hardly a surprise. Nor is Vivendi’s confirmation that the energetic investor…