Telcoflash: Telecom Market News

Ericsson and 3 Italia have established mobile data connections using Ericsson's HSPA technology, Nokia has won a major GSM/GPRS/EDGE network expansion contract, worth €320m, from Megafon (Russia) Nortel with Telefonica O2 Czech Republic have successfully...

RIM reports FY3Q results of net profit of $176m, up 47%, on sales of $835m, up 49%. RIM added 875,000 new subscribers in the quarter.

Sonae' s hostile takeover bid for Portugal Telecom has been cleared by the Portuguese competition authority. The deal is worth $14.6bn.

China will build 2000 km of optic fiber network in Uganda. Telecom Argentina plans to invest $525m in 2007, mainly in broadband, IPTV and mobile. The European Commission has opened an in-depth investigation into the city of Amsterdam' s investment in...

Vodafone considering buying majority stake in India telecom Hutchison Essar. The offer could be worth $13.5bn. Costa Rica' ICE plans adding additional GSM lines by April. Turkcell (Turkey) plans to participate in third mobile licence tender in Saudi...

T-com has 10m broadband customers with an ADSL connection.

UTStarcom' s CTO, Bill Huang, resigned effective Dec. 31.

McDowell has decided to recuse himself and stick with its original decision not to participate in the vote on the ATT/BellSouth merger. Its participation was highly expected by the FCC to break a 50/50 split on the matter. McDowell is tied with an ethic...

A few set of market information released this week: According to Park Associates, annual shipments of mobile multimedia-capable devices (PCs, consumer electronics, ..) will increase from 2.5m units in 2006 to about 52m units by 2010. In-Stat forecasts...

Microsoft and HP will jointly invest $300m to develop applications for SMEs over the next three years. Joint efforts will focus on business intelligence, messaging, unified communications, content and collaboration management, as well as enterprise processes...