Telcoflash: Telecom Market News

Tunisia is planning to launch a tender next year to award a fixed line license in 2009, and end Tunisie Telecom fixed line monopoly. Vietnam will issue an auction for granting four 3G licenses in 2Q2009. Indian government may abandon the principle of...

NSN announced it will cut 1800 jobs as part of its current cost-cutting plans (save $2.5bn by end-2009). Vodafone also announced a $1.5bn cost-cutting plan to deal with ongoing market crisis. Virgin Media is to cut 2,200 jobs in the UK between 2010 and...

For several months, the announcements of new mobile devices with 3G and /or WiFi connection are more and more frequent. What is relatively new is the hot trend of subsidizing these mobile devices like is done for mobile phones. Offers with free laptops...

ALU remains in the red, but cuts losses. 3Q08 net loss is “only” €40m (down from a loss of €345m) on sales worth €4.1bn (down 6.6%). At constant exchange rate, Carrier revenues declined 9% to €2.7bn , while Enterprise revenues grew 2% to €388m and Services...

Motorola lost $397m in 3Q08, on revenues of $7.5bn (down 15%). Revenues in the handset division was $3.1bn, down 31% and the division lost $840m. It shipped 25.4m units, down 32%, and is surpassed by Sony Ericsson for the third market place. Motorola...

Its 3Q08 net profit was down 28% to €298m, but revenues grew 13% to €5.2bn. EBITDA was €1.85bn and operating income grew 1% to €607m. The operating income margin increased 2.5 p to 11.5%. For the first 9 months, revenues grew 6% to €15.1bn, while the...

3Q08 figures show a 4% increase in revenues to $31.3bn, $5.6bn (+6%) in operating income, and $3.2bn (+5.5%) in net income. Mobile revenues reached $12.6bn (+15.4%) and ATT Mobility had 74.9m subscribers after adding some 1.7m new users in the quarter,...

Verizon said it earned $1.7bn (+31%) in the quarter, on revenues of $ 24.7bn (+4%). Mobile revenues account for $12.7bn (+12%), and generated $1.9bn in operating income on Verizon book. The mobile unit added 1.5m new subscribers in the quarter, as well...

Sprint reported 3Q08 results with revenues in the quarter amounting to $8.8bn (down 12%), with OIBDA down 37% to $1.8bn and a net loss of $326m, vs a profit of 64m. For the 9-mo results, the picture is about the same: revenues are down 10% to $27.2bn,...

3Q08 market figures show that the worldwide mobile phone industry was impacted by the global financial and economical crisis. Forget the 20% growth rate, 3Q08 figure is a decline of 0.4% qoq and up 3% yoy, and a total of 299m units shipped during the...