Telcoflash: Telecom Market News

Nokia reports strong quarterly results with 3Q06 revenues rising 20% to €10bn, of which € 6bn (+14%) in mobile phones, €1.8bn (+16%) in Networks and € 2.1bn (+45%) in multimedia. Operating profit declined 4% to €1.1bn, as well as net profit to €845m (down...

With cellphone shipments in 3Q06 reaching 255m units, up 21% yoy and 8% qoq, according to IDC, one billion units shipped in 2006 becomes a strong possibility. According to Strategy Research, Nokia holds a market share of 34.5%, followed by Motorola with...

Bellsouth reported 3Q06 consolidated earnings of $1bn, up 30% on revenues of $ 5.2bn, up 3%. Normalized earnings (including Cingular share) rose 26% to $1.2bn, on revenues of $9bn, up 5%. For the first nine months, Bellsouth reported normalized revenues...

Cingular reported 3Q06 net income of $847m, up 282%, on revenues of $9.6bn, up 9%. Cingular added 1.4m mobile subscribers in the quarter, and ended the quarter with 58.7m mobile users. ARPU increased 2% qoq to $49.8, with data ARPU ($6.3 – 46% increase)...

ATT reported strong 3Q06 earnings with a 74% increase to $2.2bn, on revenues of $15.6bn, up from a pre-merger $10.3bn in 3Q05. Operating income came at $2.9bn on a reported basis, with an operating income margin of 18.7%. ATT generated $3.4bn in cash...

According to Gartner, more than 59m PC units (up almost 7%) were sold worldwide in 3Q06. HP has sold 9.6m units (+15%), Dell 9.5m units (+4%), Lenovo 4.4m units, Acer 3.5m units and Toshiba 2.6m units. Top five vendors account for just over 50% of the...

A few set of market information released this week: According to Pyramid Research, carriers are lowering their capex thanks to increasingly inexpensive equipment. It said telecom equipment costs have dropped by nearly 20% annually over the past 4-5 years....

Metasolv has agreed to be bought by Oracle for $219m in cash. ECI Telecom announced that Veraz Networks has filed for an IPO, expecting raising $115m and listing on Nasdaq.

Motorola has shipped its 50 millionth digital cable set-top box in ten years of business. American Fiber Systems has bought IDACOMM, a metro network gear maker. Sonus has launched Interoperability Certification Program to expand network access to IP Multimedia...

Siemens and Cingular will jointly support 3G IP multimedia subsystem (IMS) convergence apps (audio, video and data over computer networks). A lab will be set up at the Georgia Institute of Technology. Huawei will build a mobile equipment factory in Venezuela...