Telcoflash: Telecom Market News

China Mobile added 7.2m new mobile users in August to bring its total to 429m. China Telecom ended August with 214m landline users (- 690k lines), and 41.5m broadband subscribers. Mexico had over 73m mobile users at the end of June, ranking second to...

Sony Ericsson follows Nokia' strategy for services. It launched its music offering in response to Nokia' s “Comes with Music” service. Its own service is called “Play Now Plus”. Ericsson plans to establish an Innovation Center in sub-Saharan Africa. Brocade/...

NSN has provided a 3G/UMTS trial network to FE Coscom in Uzbekistan. It is the partner of KPN to upgrade the GSM-R network of ProRail, the Dutch railway infrastructure provider. It was chosen by Telekom Srbija (Serbia) for expanding its 2G and 3G networks....

Vodafone will launch a DSL-based internet service in Spain from Oct 8. Teliasonera expands its presence in Asia with a second PoP in Singapore. Teliasonera has more than 100 PoP across Europe, USA and APAC. It also bought major stakes in Applifone in...

Iridium has agreed to be bought by an equity firm Greenhill & Co for $591m. Verizon has successfully tested near real-time circuit provisioning across its network with the trial of control plane technology and multi-supplier interoperability (Fujitsu,...

The Analyst' s corner: RW. Baird has lowered its estimates on Nortel, predicting a loss for 2008. CSFB cut its estimates on Ericsson , Nokia and Qualcomm on tough market conditions, but raised its estimates on RIM, while RBC Capital raised its estimates...

The EU Parliament calls for a new independent telecom regulator group to boost competition across Europe. The EU Commission goes on: without reaction from the EU telecom industry to its call to cut roaming data services, it announced plans to cut the...

The cold wind blowing from the States last week will surely bring a slowdown in spending on technology. The financial sector, mainly banks and investment firms, would cut their spending by as much as 10% in 2009, according to TowerGroup. But finance will...

Nortel announced that its revenues will fall by 2%-4% in 2008, due to lower carrier capex and a global economic downturn. It forecasts now 3Q08 revenues of $2.3bn, vs $2.7bn before. It is now reviewing its business in order to find ways to cut costs and...

A few set of market information released this week: Major U.S. carriers are said preparing Xmas season with launching high-end handset next month. comScore M:Metrics found that mobile searching is gaining in popularity and frequency of use in Western...