Telcoflash: Telecom Market News

Lucent has received a new order from Vivo (Brazil) to expand its CDMA 2000 1x and EV-DO digital networks. Matsushita Electric has won a contract to supply mobile phones to KDDI, Qualcomm will sell $600m handset chips to Huawei and ZTE.

Ofcom , the UK regulator, proposes to sell the 71-76 GHz and 81-86 GHz spectrum bands on a first come, first served basis. This spectrum could be used for new very high capacity, point-to-point wireless networks. China Telecom confirms that its network...

Bulgaria plans to issue more fixed wireless licenses. The licenses should be point-to-multipoint in the 26GHz frequency range in blocks of 700 Mhz. Rostelecom (Russia) has launched a new fiber-optic line between Russia and China. Telekom Austria is now...

China Mobile is given as the buyer of Millicom International, in spite of the company denying any deal. The South China Morning Post said, however, that the two companies are talking for several months. If realized, the deal will emphasize the position...

Millicom International currently has 9m mobile subscribers in 16 countries in Latam, Africa and Asia. Orascom Telecom has reported 35m mobile subscribers by the end of March, up 100%, but its proportionate subscriber base rose 121% to just below 27m....

Orascom Telecom reported 1Q06 revenues of $979m, up 38%, and an EBITDA of $434m, up 45%. Telenor forecasts 30% revenue growth, and 34% EBITDA increase in 2006. Vodafone is expected to report lower 2006 EPS and release results on May 30.

Verizon Communications announced additional “significant” workforce reductions in the next 18 months. On a workforce of 250,000+ people, Verizon has already announced cutting 7000 positions following its MCI acquisition. Nortel appoints Michael Pangia...

Wireless Link Alliance, a forum of WiFi and hotspot operators, will organize the second edition of the wireless broadband access Day. Last year the fest was very successful with more than 10,000 connections in one day and 500,000 minutes of usage.

Italtel reports a 21% revenue growth in 1Q06 to €101m and net loss of €13m (up 160%), few days before the beginning of its IPO in Milan Stock Exchange. Less than half of the company's stock is expected to be listed, valuing Italtel at about €1bn. Current...

Ernst & Young unveiled a new report on “The Next Generation Gap”. Acknowledging the importance of NGN infrastructure in coming years, drew lessons from past strategies and emphasized on possible winning strategies. Carriers could be confronted with a...