• Airtel 4G Augere Wireless
    Bharti Africa Q2 Loss Widens, Weak Voice Revenue Hurts

    Bharti Airtel’s Africa net loss for the fiscal second quarter widened sharply to $124 million (Rs 753.6 crore) from $46 million (Rs 288.4 crore) a year back, hurt by a fall in voice revenue and increased operating expenditure, weighing on the consolidated financials of the world’s fourth largest carrier. The company’s Africa revenue rose nearly…

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  • Xiaomi
    Xiaomi Moves into Third Place in Global Smartphone War

    China’s Xiaomi Inc has become the world’s third-largest smartphone vendor in just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study. Strategy Analytics said Xiaomi accounted for 6 per cent of all 320 million smartphones shipped during July-September. Samsung made up 25…

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  • Facebook logo photo
    Facebook to Spend Billions on Projects that Might Never Generate Substantial Profits

    Facebook shareholders got a sobering reminder on Tuesday: It’s Mark Zuckerberg’s company, and he is determined to spend billions of dollars over the next decade on ventures that might never generate substantial profits. Facebook reported strong growth in revenue and profit for the third quarter, continuing its recent string of impressive performances. But in a…

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  • samsung logo
    Samsung Electronics Q3 Operating Profit Down 60.1%

    Samsung Electronics Co Ltd said third-quarter profit fell 60.1 per cent from a year earlier to the lowest in more than three years, as earnings for the mobile division continued to shrink. The world’s top smartphone maker on Thursday reported a July-September operating profit of 4.1 trillion won ($3.90 billion), in line with its estimates…

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  • sk telecom
    SK Telecom Q3 net Grows 5.7% on LTE Gains

    SK Telecom’s net profit grew 5.7% year-on-year during the third quarter, thanks to LTE gains and a strong performance at chipmaker SK Hynix. Net profit grew to 531 billion won ($504.8 million). Revenue meanwhile increased 5.9% year-on-year to 4.37 billion won. SK Telecom’s LTE and LTE-Advanced subscriber base exceeded 16 million at the end of…

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  • AT &T
    FTC Sues AT&T Over ‘Deceptive’ Throttling of Unlimited Data Customers

    The Federal Trade Commission is suing AT&T because the second-largest US carrier throttles speeds of its unlimited data customers, a policy that the FTC describes as “deceptive” and “unfair.” In a press release, the FTC said AT&T has “misled millions of its smartphone customers” by slowing down their data speeds after they’ve used up a…

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  • Uninor India Huawei $300mil N/W Transformation contract
    Uninor Posts Rs 180 Crore Operating Loss in Q3

    Uninor, the Indian unit of Norway’s Telenor ASA, posted a higher operating loss of NOK 195 million (Rs 180.5 crore approx) in the third quarter of 2014, compared with NOK 143 million (Rs 132.4 crore approx) a year earlier as higher investments in network expansion ate into robust revenue growth. Loss before interest, tax, depreciation…

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  • Spectrum_Indian government
    ´╗┐India Finally Allocates 1800-MHz Spectrum

    India’s Department of Telecom has finally allocated the majority of the 1800-MHz spectrum that incumbent mobile operators won in the February auction. But the department has denied a request from two operators for more time to migrate onto the new spectrum before their licenses expire next month. Bharti Airtel, Vodafone India, Idea Cellular, Uninor and…

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  • 3G
    Viettel to Spend $1b on Tanzania Expansion

    Vietnam’s Viettel plans to spend $1 billion to roll out a 3G network and other services in the east African nation of Tanzania. The operator plans to offer low-cost smartphones and provide free internet access to schools, hospitals and offices as part of its commitment to the nation, Reuters reported. Viettel picked up a mobile…

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