Telcoflash: Telecom Market News

Alcatel and Lucent have filed for European antitrust approval. The commission is scheduled to rule July 24 on the deal. Siemens, Nortel and Avaya are said in talks about a potential three-way enterprise communications equipment joint venture, to create...

Intel continue investing in WiMAX, with funding an additional $18m into WiMAX gear-maker Navini Networks. It will also introduce a a new chipset, called Rosedale 2, that supports both the fixed and mobile versions of WiMAX. BATM (Telco Systems) has bought...

LG launches the LX550, a phone with a built-in FM radio transmitter, a MP3 music player, a camera and 3G video streaming. LG is very successful with its slider Chocolate phones worldwide, with more than 1m units sold since the launch in Nov. 05. Samsung...

Siemens and Juniper were selected to provide M-Series routers for the Finnish military's voice and data network. Nortel will provide VoIP and optical equipment and services to Liberty Global under a a global purchasing agreement to cover the period through...

Ericsson announced a contract with Celcom (mobile unit of Telekom Malaysia) to upgrade its GSM network. It will also expand the EDGE network of Malaysia's DiGi Telecommunications. Nokia will deploy a GSM network in British Virgin Islands for C&W. Nortel...

Motorola share went up almost 2% after a Merrill Lynch analyst upgraded Motorola saying the stock was cheap given the expectation of higher sales and profit margins. UTStarcom is reporting a 1Q06 net loss of $10.6m (vs profit of $37m) on sales of $597m,...

iTunes (Apple) should be in talks to distribute videos and films. PCCW confirms two bids, from Australian Macquarie Bank and US equity firm Newbridge Capital, to buy its telecommunications and media assets. The deal is estimated to $7bn. China Netcom...

Telefonica/O2 in the UK has spent $92m to buy Be, a British broadband service provider. This will help O2 to offer combined fixed/mobile service. ATT will build a a fiber-to-the- premises (FTTP) network in a 20,000-home master-planned community near Houston....

Sprint Nextel expands data roaming capabilities through two new agreements with Bell Canada and Iusacell (Mexico). China Unicom and STK signed an exclusive strategic alliance to further develop CDMA services in China. STK will purchase $1bn in convertible...

Brazil had 92.4m mobile users at the end of May, adding 1.8m in one month. Vivo maintained its leadership in May with 33% of subscribers, followed by TIM with 23.6% and Claro with 22.2% China has reached 420m mobile users at the end of May, adding 27.4m...