Financials
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 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...
Financials
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...
Financials
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. The blue-chip company said its net profit for...
Financials
Cellcom Israel Q1 net falls 44% on price erosion
Cellcom Israel Ltd.'s first-quarter earnings fell 44% as increased competition continued to drive down prices, a trend the Israeli cellular provider expects to continue and perhaps escalate. In response, Chief Executive Nir Sztern said the company intends to...
Financials
Telefonica Brasil Q1 net profit down 15.2%
Telefonica Brasil SA. Thursday reported its first-quarter net profit fell 15.2% to 956.5 million Brazilian reais ($488 million) from a year earlier due to higher costs generated by depreciation and amortizations. The results included that of fixed telephone...
Financials
InfoSpace Q1 net soars on TaxACT acquisition
U.S. search company beat Q1 revenue guidance and earnings came in at high end of expectations.InfoSpace Inc.'s first-quarter profit surged as the Internet search company's newly acquired TaxACT tax preparation business added substantially to its top line. Bellevue,...
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