Financials
Financials
TeliaSonera books €46m loss on Nepal Satellite sale
Sweden-based operator offloads 57% stake due to legal, regulatory uncertainty.
TeliaSonera on Wednesday agreed to sell its 57% stake in Nepal Satellite to Zhodar Investment, citing increased legal and regulatory uncertainty around consolidation in the small, Himalayan nation.
The deal...
Financials
America Movil CFO sees telco maintaining credit ratings
Mexico-based operator faces possible downgrades as it gears up for €7.2bn KPN offer.
Mexican telecommunications company America Movil SAB is hopeful it can maintain its credit ratings after issuing long-term hybrid notes to lower its debt ratios, Chief Financial...
Financials
Belgacom CEO suggests smaller government stake
Didier Bellens points out state could keep control of incumbent telco with 40% stake.
Belgium's government could sell a sizeable stake in Belgacom SA without giving up control, the chief executive of the telecoms operator said in comments published...
Enterprise IT
Huawei sees $1.5bn in Mideast enterprise revenues by 2017
Chinese equipment maker 'not satisfied' with generating 9% of its Middle East revenues from enterprise.
Chinese telecommunications giant Huawei Technologies Co. aims to grow revenues from its enterprise division in the Middle East, which sells IT services and hardware,...
Financials
Zain Q4 profit plunges 32% of forex losses
Kuwait's Mobile Telecommunications Co., better known as Zain, posted a 32% drop in fourth-quarter profit as volatility on currency markets weighed on the company's results. The telecommunications firm, which operates in eight markets across...
Financials
Qualcomm Q1 net grows 36%, Davis named new CFO
Chip maker raises full-year guidance after strong quarterly results. Qualcomm Inc.'s fiscal first-quarter profit surged 36% as brisk demand from smartphone manufacturers continued to drive the chip maker's stronger-than-expected results. The San Diego chip...
Financials
KDDI Q4 profit surges on iPhone sales
Japanese telco lowers full-year profit outlook on higher fixed-asset writeoff. KDDI Corp. said Monday that its net profit for the October-December quarter nearly doubled from a year earlier, powered by the popularity of smartphones,...
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