Telcoflash: Telecom Market News

Lee Williams nominated as Executive Director for the Symbian Foundation. ADC announced the appointment of Krish Prabhu , and David Roberts to the company's Board of Directors effective Nov. 1, 2008. Sprint appointed former Ericsson director, Sven-Christer...

Nokia reported a 30% drop in 3Q08 net profit to €1.1bn, while sales were down 5% to €12.2bn. The operating profit was down 21% to €1.5bn, but the operating margin remains strong at 12% (still 19% in the device unit). Devices and services sales amounted...

The handset maker reports a net loss of €25m, down from a net profit of €267m a year ago, gross margin fell 9pp to 22% due to fierce competition and slowing market growth in mature markets. Sales dropped 10% to €2.8bn, following the decline in average...

According to In-Stat, there were 452m broadband subscribers worldwide at the end of Sept. 08. About 80m new users were added in past 12 months, with DSL as the leading technology accounting for 55% of total broadband connections. By 2012, In-Stat forecasts...

A few set of market information released this week: Social networking is exploding in mobile, and ABI Research found that about 70% of social networkers were using MySpace and Facebook, far ahead of other sites (no more than 15% adoption). In-Stat found...

China : about 85m Chinese people use cell phones to access the Internet, while there were 275m internet subscribers by the end of Sept. 08. There were 616m (+69m) mobile subs. and 354m landlines (-11m) at the end of the period. China Netcom currently...

HP unveils enhancements to its OpenVMS operating system. The new system 8.4 will be available in 2H09. Apple has already sold 5m iPhone 3G (to add to 3.1m iPhone first version). The target for Apple is to reach 10m units (in total) by the end of the year....

Sony Ericsson sells the W 760a Walkman handset to ATT under a 2-year contract. Huawei and NSN are selected to build Bell and Telus' HSPA network in Canada. Huawei will deploy HT Mobile (Vietnam) GSM network. Ericsson is expanding Grameenphone (Bangladesh)'...

T-Mobile would have ordered over 1.5m G1 smartphone (Android-based handset) to HTC, asking the Taiwanese maker to triple its production. Verizon Wireless denies it has decided to increase text fees for content aggregators. It is official: Bell and Telus...

Orange will provide MGM-based content on its pay-TV services. Orange UK has suspended the sales of the BlackBerry Bold smartphone, due to software bugs. Telefonica increases its stake into Iberbanda (Spain) to 59% (+8%) in order to boost its broadband...