Telcoflash: Telecom Market News

Essar (India) has cancelled its plan of selling BPL Mobile to its joint venture partner Hutchison Essar due to the delays in obtaining required approvals. Vodafone will not sell its stake in Verizon Wireless in few next years. Verizon Wireless will sell...

Time Warner reports 2Q06 net income of 24 cents per share (vs loss of 9 cents) on revenues up 1% to $10.7bn, below consensus. Cable revenues grew 15% to $2.7bn, while AOL revenues fell 11% to $2bn and lost almost 1m subscribers in the US. KPN posts 2Q06...

Etisalst's mobile user base is over 5m, or 120% penetration. US Cellular increased its subscriber base to 5.5m. Vonage currently has 1.9m subscirbers. Singtel (Singapore) reported a total subscribr base of 92m et the end of June. TDC (Denmark) reports...

Darryl Edwards is named EMEA President in Nortel ' s organization. He replaces Steve Pusey who quits the company to becom CTO of Vodafone . Ericsson named Robert Pajos to head its Cingular North American market account. AOL to cut 5000 jobs.

Net profit was down 8% to €180m and operating profit at €263m. Sales rose 7.6% to €3.4bn while operating margin came below 8%. Growth is mainly driven by broadband Internet equipment growth, while intense price competition in the competitive wireless...

Lucent reported $79m in net profit, down 79%, on revenues falling 12% to $2.1bn. It is in line with analysts forecasts, but a little more accentuated. The decline in sales is attributed to the weakness in the U.S. Market, where revenue declined 15%. Europe,...

Ericsson posted a 2% drop in 2Q06 net profit to $781m, hit by an amortization charge of $55m related to Marconi integration and fueled by a strong performance at its Sony Ericsson mobile phone handset joint venture, while sales rose 15% to $ 6bn. If the...

Motorola and Huawei are teaming up on infrastructure solutions. They plan to launch an “enhanced and extensive” suite of UMTS and HSPA infrastructure equipment to carriers. What are their respective interests? For Motorola, it is an opportunity to finally...

According to GSMA, 45 commercial HSDPA networks have been launched worldwide, up 150% over the past quarter, and targets 80 networks opened at the end of the year. About 108 HSDPA networks are in deployment or launched in 51 countries. Europe currently...

The European Commission announced a study of the dangers facing children from mobile video and picture messages, and may propose continent-wide regulation to protect them. Porn, abusive or obscene messages can be sent to Children 's handsets, and only...