Telcoflash: Telecom Market News

25 sept.

Sony could shed some 10,000 jobs or 7% of its staff as part of a restructuring plan. Neuf Cegetel (France) plans to cut 661 jobs in France, as a consequence of the merger between Neuf Telecom and Cegetel.

25 sept.

Sprint Nextel expects to add 1.2m new mobile customers during 3Q05, which will increase its subscriber base to roughly 45m.

25 sept.

Tiscali reported revenues of €354m in 1H05, up 11%, and a net profit of €14.5m. The internet access segment accounted for 74% of the Group's total revenues.

25 sept.

Bouygues Telecom (France) has submitted a bid for a 35% stake in Tunisia's largest carrier, Tunisie Telecom and joined the long list of contenders.

25 sept.

Maroc Connect, a FT subsidiary in Morocco, has won local third fixed-line license, paying around € 27.5m. It will invest some $100m in its infrastructure in the first year of its operations. DT plans to reorganize its T-Com unit, reducing its portfolio...

25 sept.

Nortel got a CTI Movil (Argentina) contract for GSM network expansion and additional services. Ericsson will expand Avea' s GSM radio and core networks in Turkey. Nokia will build O2 Mobile TV trial. It has signed a contract to offer new micro prepaid...

25 sept.

Siemens signed a contract wit PTK Centertel, a subsidiary of FT in Poland, for the building of a signaling network and the implementation of the NetManager system. Xtera won Energis (UK) deal and becomes its supplier of long-haul DWDM equipment.

25 sept.

Qualcomm has collected a total $1.43bn in mobile phone royalties from South Korean handset manufacturers between 2002 and 2004.

25 sept.

ADVA plans to add 40 Gbit/s to its FSP3000 transport platform. JDSU is to acquire Agility Communications, a "tunable" lasers maker.

25 sept.

According to In-Stat, IPTV in China will experience only moderate adoption before it takes off in 2008, reaching 4.5m subscribers.