Telcoflash: Telecom Market News

Cisco intends to decrease its investment in TDM-based optical technology. Lucent could purchase Riverstone for $170m in cash. Riverstone has filed a voluntary petition for Chapter 11 bankruptcy protection, and its assets were up for sale. Lucent, which...

Ningbo Bird is the largest exporter of mobile phones in China, with exporting some 6m units in 2005. Motorola launches its M-Wallet virtual mobile wallet. M-Wallet works with all mobile standards and supports Symbian, PocketPC, Palm, J2ME, BREW and SimTk...

Siemens and Juniper have been selected by Algerie Telecom to deploy a multiservice backbone network based on NGN with MPLS (Multi Protocol Label Switching) worth $20m. Ciena has been tapped by Telmex (Mexico) for deploying a long-haul WDM network. Gilat'...

Nokia has signed a contract with Cosmote Mobile in Greece for the supply of a 3G WCDMA radio network. Ericsson won managed services contract from Hutchison Telecom Hong Kong. Nortel will upgrade CTI Movil Paraguay network to GPRS and EDGE. Alcatel will...

Cisco reported FY2Q06 pro forma net income of $1.6bn (+10%) on revenues of $6.6bn (up 9%), just in line with expectations. Cisco , however, announced a more positive outlook for the next quarter with sales growing 10% to 12%, and gross margin at 67%....

Google is working with Volkswagen USA to build an in-car navigation satellite mapping system and a three-dimensional display. Vonage filed for an initial public offering worth up to $250m. Globacom (Nigeria) is interested to buy the Nigerian Telecommunications...

DT' s T-Com (Germany) plans to connect 90% of the households in Berlin to its high-speed fiber network VDSL before the end of this year. Global Voice (Singapore) will lease, then later buy, European 6,800-km intercity fiber networks owned by Viatel. China...

DoCoMo has signed up with Nippon TV to develop digital TV services for mobile users. Telenor will upgrade its GSM network to EDGE with an almost 100% coverage. Kuwait' s Wataniya Telecom launched its High Speed Downlink Packet Access (HSDPA) network (provided...

SingTel (Germany) reports nearly 78m mobile subscribers (+26%), of which 1.6m in Singapore. America Movil (Mexico and LATAM) announced it has 93.3m (+53%) mobile subscribers in 14 countries (of which 39m in Mexico, 19m in Brazil, 14m in Colombia) and...

KPN (NL) announced 4Q05 net profit of €608m (+12%), an operating profit of €695m (+10%) and revenues of €3.1bn (up 5%). E-Plus reports 4Q05 revenues of € 755m (up 7.4%) and an operating profit of €214m, up 8%. America Movil (Mexico and LATAM) reported...