Financials
Financials
Adtran Q2 net down 43% on higher costs
CEO Tom Stanton blames 'tightening spending environment' for profit dip, flat sales. Adtran Inc.'s second-quarter earnings fell 43% as the company's revenue declined and costs rose. Adtran Chief Executive Tom Stanton said the results "reflect a tightening spending environment."The...
Financials
Microsoft to record $6.2 billion goodwill writedown in...
Software giant says writedown largely result of 2007 acquisition of aQuantive. Microsoft Corp. said it will record a $6.2 billion goodwill writedown in its online services division, to be recorded in its fiscal fourth quarter. It added that it...
Financials
TeliaSonera has acquired 85.6% of TEO
TeliaSonera, who launched a voluntary takeover bid to acquire all the outstanding shares in TEO LT, continues to purchase shares through open market transactions. As of June 25 TeliaSonera now holds 85.6 per cent of TEO LT. The...
Financials
America Movil raises stake in KPN to 7.3%
Mexican telco bought more shares in four separate transactions. Mexican mobile giant America Movil late Monday said it has further increased its stake in Dutch telecommunications firm Royal KPN NV to 7.3%.America Movil, controlled by billionaire Carlos Slim,...
Financials
Telefonica to sell 4.56% China Unicom stake to...
€1.13 billion deal will see Spanish incumbent lower its holding to 5.01%. Telefonica SA said Sunday it has agreed to sell a 4.56% stake in China Unicom (Hong Kong) Limited to China United Network Communications Group Co. Ltd...
Financials
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. In a filing with...
Financials
Berg Insight releases summary of mobile operator M2M...
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...
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