Telecom Italia modernizing network Telecom Italia has returned to profit for the first time in three years, reports the Financial Times. Net income climbed to $1.5 billion in 2014 after a loss of $735 million the year before when results …
TD-LTE network build contributes in part to China Mobile profit loss China Mobile’s 2014 profit fell 10%, slightly below market expectations and marking the company’s biggest annual profit drop since 1999. Large expenditures on next-generation network development were the biggest …
Qualcomm earlier this week announced a 14% increase in its quarterly cash dividend. The San Diego-based chipmaker’s board also authorized the company to buy back up to $15 billion of its common stock. The program replaces a previous one that …
MediaTek revealed plans for a $300 million venture fund for investing in startups. The Taiwanese chipset maker simultaneously launched a new investment arm known as MediaTek Ventures as a vehicle for the fund, which will target the “Internet of Things,” …
Deutsche Telekom saw its revenue climb and losses narrow in the fourth quarter, thanks mainly to customer growth at its T-Mobile US business and mobile service revenue growth in Germany. The German carrier’s net loss for the final three months of …
Shares of Vodafone dropped 2.7% last week after analysts warned the company may make a bid for Liberty Global. With the telecom industry consolidating, Vodafone “needs to own more fixed line infrastructure” and Liberty “would be an obvious fit,” analysts …
HP to buy Voltage Security Hewlett-Packard announced plans to buy data-encryption company Voltage Security in what appears to be a push toward cloud-based security products. Financial terms of the deal were not disclosed. HP said it fold Cupertino, Calif.-based Voltage …
Accedian Networks’ revenue climbs 38% in 2014 Accedian Networks saw its revenue grow 38% in 2014, thanks in large part to global Long Term Evolution mobile network expansion. The Montreal-based company also cited North American small cell deployments and increased demand …
Alibaba pumps $590M into Chinese smartphone-maker Alibaba has announced plans to invest $590 million in Meizu, a fast-growing Chinese smartphone-maker, in exchange for an undisclosed minority stake in the company. Alibaba reportedly plans to integrate its mobile operating system …
Lenovo Q3 revenue climbs 31% as device sales more than double Hong Kong-based Lenovo Group beat analysts’ estimates for its third fiscal quarter ended Dec. 31, 2014, notching $14.1 billion in revenue on net income of $253 million. The company said …
Silicon Labs buy of Bluegiga boosts IoT offerings Silicon Laboratories has acquired Finland’s Bluegiga Technologies for $61 million in a cash deal that the company said will expand its connectivity portfolio for the “Internet of Things.” Privately held Bluegiga is …
Nokia, Apple, AT&T and others reported earnings in excess of quarterly projections. In fact, holiday season sales of Apple’s iPhone 6 and 6 Plus propelled the company to the biggest quarterly profit – $18 billion – ever recorded by a …
