Rima Qureshi, Chief Strategy Officer & Head of M&A at Ericsson, says the firm is in the process of streamlining operations to become more efficient.» Read More
*Alcatel, Ericsson helped group that made bid. MEXICO CITY/ PARIS, Sept 19- Mexico has received its first bid from a consortium to build a $10 billion state-owned mobile network, a linchpin of efforts to break the hold of Carlos Slim's America Movil on telecom services.
STOCKHOLM, Sept 18- Ericsson, the world's biggest mobile network equipment maker, is winding down its modem business, shutting a loss-making unit with the departure of about 1,000 staff.
TOKYO, Sept 17- Sony Corp cut its earnings outlook for the sixth time on Chief Executive Kazuo Hirai's watch on Tuesday as it announced a massive impairment change on its smartphone unit, which it has failed to grow despite a rapidly expanding market.
Other companies signing a letter to Pritzker published on Tuesday included Alcatel Lucent SA, Ericsson, Nokia Oyj's network arm NSN, Panasonic Corp of North America and CommScope Holding Co Inc.
*Facebook to open Africa office in 2015. Knowing that there is all these people now in Africa that you can connect with, that is exciting as well, "said Nicola Mendelsohn, Facebook's vice president for Europe, Middle East and Africa.
BRUSSELS, Aug 26- Qualcomm, the world's No. 1 mobile chipmaker, may face a European antitrust investigation in relation to a four-year-old complaint by a subsidiary of rival Nvidia Corp, three people familiar with the matter said on Tuesday.
Aug 22- Japan's Murata Manufacturing Co Ltd said it would buy the part of U.S. radio frequency chipmaker Peregrine Semiconductor Corp it does not already own for $465 million in cash, as it looks to strengthen its RF business.
Sony warned about its smartphone division when it released earnings, raising the question whether the firm should just cut its losses in the sector.
STOCKHOLM, July 30- Sweden's economy grew less than forecast in the second quarter, as exports were virtually flat, preliminary data showed, reinforcing expectations that interest rates will remain close to zero for at least another 12 months.
*Expects 2nd- qtr revenue of about $345 mln vs est $328 mln. *Expects 2nd- qtr adj earnings $0.27/ shr vs est $0.20. July 24- RF Micro Devices Inc forecast quarterly results above market expectations, helped by higher demand for its chips that connect devices such as Apple Inc's iPhone and Samsung Electronics Co's smartphones to networks.
European shares pared losses to close mixed on Friday with investors cautious after a passenger jetliner was shot down in eastern Ukraine.
*Investors wary after Malaysian plane downed over Ukraine. LONDON, July 18- European shares edged lower on Friday as the downing of a passenger plane over Ukraine stoked tensions between Russia and the West and outweighed some strong earnings reports from Sweden.
Some of the names on the move ahead of the open.
*Ericsson surges after earnings to provide support. LONDON, July 18- European shares fell on Friday as the shooting down of a passenger plane over Ukraine stoked tensions between Russia and the West and sapped appetite for assets which depend on economic growth.
*Ericsson surges after earnings to provide support. EDINBURGH, July 18- European stocks fell on Friday, extending losses made late in the previous session after a passenger plane was shot down over eastern Ukraine, stoking tensions between Russia and the West.
TOKYO, July 16- Japan's KDDI Corp and Sumitomo Corp, in partnership with Myanmar's state-backed telecoms operator, plan to invest about $2 billion over the next decade to expand service in one of the world's least-connected countries.
Quarterly earnings growth and clues from companies' commentaries will tell whether there really will be a bounce back in growth in the second half.
For the larger companies, the initiative ensures that their own suppliers are robust and "demonstrates a recognition that a healthy supply chain is good for business," the White House said in a statement.
Chipmaker Broadcom said it was looking to sell or wind-down of its cellular baseband business.
President Obama will gather business leaders on Tuesday to boost a program the White House says has helped bring $18 billion in investments.