Telefonica to sell 4.56% China Unicom stake to parent

€1.13 billion deal will see Spanish incumbent lower its holding to 5.01%.

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Crest Financial reports 5.9% stake in Clearwire

Crest Financial Ltd. reported a 5.9% stake in Clearwire Corp., making it one of the telecommunications company's largest shareholders, and said it seeks to discuss the possibility of adding members to the company's board.

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Berg Insight releases summary of mobile operator M2M subscriber data for Q1-2012

New market data from Berg Insight shows a sustained strong momentum for wireless M2M communication in the beginning of 2012. According to figures disclosed by leading global mobile operators, the number of machines using cellular communication continues to grow at a high rate in key world regions. 

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Defying sluggish global trend, Q1 mobile sales grow 16% in MEA

Defying signs of a global slowdown, sales of mobile devices in the Middle East and Africa rose 16% in the first quarter, fueled a growing appetite for smartphones, while embattled Nokia Corp. remains the region's top handset vendor, according to research firm Gartner.

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Tencent Q1 net profit up 2.8%

Chinese online game and messaging company Tencent Holdings Ltd. said Wednesday its first-quarter net profit rose 2.8% from a year earlier, driven by higher revenue from online advertising and gaming.

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