"We will concentrate our future investments in Brazil where we see a promising long-term growth opportunity, while remaining focused on reducing expenses and maintaining a lean cost structure," NII Holdings Chief Executive Steve Shindler said in a statement. Last week, NII Holdings, a telecom operator for the Nextel brand in Brazil, gained U.S. court approval of...» Read More
TeliaSonera reported unexpectedly weak earnings on Friday and said it planned to cut 2,900 Nordic staff as part of an efficiency drive to reach a promised 5 billion Swedish crown ($775 million) savings target.
BT Group reported third-quarter revenue slightly lower than analysts expected Thursday, sending shares down by 9. 8 percent.
Apple investors have to be scratching their heads wondering when the great story of 2007 will return to 2008. Or if it will at all. The latest grenade lobbed into the Apple tent comes from Friedman Billings Ramsey, purporting to show that Apple has reduced production of its iPod, iPhone and Mac.
The news from Cisco was a kind of Goldilocks earnings report...a small upside surprise on the topline to the tune of $30 million: $9.83 billion instead of the consensus of $9.8 billion the Street was looking for. Until the guidance. Ouch.
Just a few hours to go now before Cisco reports and to say there's a nervous tension on Wall Street right now anticipating the news is a deep understatement. It's palpable. I've spent a chunk of the morning calling investors and culling reaction: "nervous" comes up a lot.
European shares managed to end a volatile session in positive territory Wednesday, having followed U.S. stocks higher and gained from bullish utilities and telecom stocks.
Can you think of anything more annoying than getting an ad on your cell phone? And what if you get an ad when you are just walking down the street minding your own business, and happen to pass a particular store?
France Telecom on Wednesday raised its cash flow outlook for 2008 as it posted a 3.1 percent rise in annual underlying profits, driven by resilient sales growth and rigorous cost control.
European stocks closed sharply lower Tuesday after a report showed a contraction in the U.S. services sector in January, increasing fears of a recession in the world's biggest economy.
Maybe it's because the industry is maturing; maybe it's because the executives themselves are maturing; but make no mistake: Silicon Valley is putting its money where its mouth is when it comes to the presidential campaign...
Telecoms group KPN gave an upbeat three-year outlook on Tuesday as it reported quarterly results that matched forecasts, adding its Dutch business will return to growth after doubling job cuts.
Singapore Telecommunications, Southeast Asia's largest phone company, posted a 9.6 percent rise in quarterly underlying profit on Tuesday, as robust Asian mobile growth offset a margin squeeze at its Australian unit Optus.
Shares of Motorola rose 10 percent Friday after the company said it was considering splitting off its mobile phone division, the company's biggest unit.
Ericsson reported a lower-than-expected quarterly profit Friday, sending its shares 2.7 percent down, while company CEO Carl-Henric Svanberg told "Power Lunch Europe" the outlook for the year ahead is largely flat.
I've gotten ahold of Microsoft CEO Steve Ballmer's internal memo he emailed to the troops this morning about his plans to spend $45 billion in a hostile bid for struggling search stalwart Yahoo. (Thanks for sending. You know who you are!)
It is a stunning move by the pioneering name in mobile phones and the best data yet about just how deep the company's problems run: Motorola announced late Thursday that it is seeking alternatives for its handset business that likely will mean a sell-off of the division.
Motorola said on Thursday it is considering separating its loss-making mobile phone unit, in an apparent concession to demands from activist investor Carl Icahn, sending its shares up 12.7 percent.
India's lucrative outsourcing industry struggled Thursday to overcome Internet slowdowns and outages after cuts in two undersea cables sliced the country's bandwidth in half.
Vodafone Group, the world's largest mobile phone company by revenue, topped market forecasts with solid third-quarter revenues on Thursday and held out the possibility of another full-year upgrade.
Even as Apple Inc. tries to fend off rumors that iPhone sales are slowing, and Nokia generates a flood of positive media because of better than expected sales this past quarter, struggling Palm continues to raise its hand, trying to get noticed amid all the action in the wireless sector.