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  • amazon-fire

    Amazon takes $170M charge on Fire phone Edit Post

    Amazon has taken a $170 million charge related to its Fire smartphone business, amid reports the device has failed to find buyers. In a Q3 conference call, Tom Szkutak, its CFO, said this was primarily related to “Fire phone inventory evaluation and supplier commitment cost”. The retail giant announced its debut smartphone in June 2014, and it features ...
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    ZTE’s Q3 profit jumps 191% as handset sales surge Edit Post

    ZTE’s Q3 net profit soared 191 per cent to CNY703 million ($114 million), as a 40 per cent jump in handset sales helped fuel a 24 per cent increase in total company revenue to CNY21.1 billion. The Shenzhen-based company said it also had strong revenue growth in 4G network gear. Key growth markets were Europe, North ...
  • China Unicom

    China Unicom net profit up 26% despite revenue dip Edit Post

    China Unicom’s profit increased 26 per cent to CNY10.6 billion ($1.7 billion) in the first nine months of the year while revenue declined 2 per cent to CNY215.3 billion. Service revenue during the period was up 5.3 per cent to CNY186.8 billion. Mobile broadband revenue increased 24 per cent to CNY80.4 billion, and now accounts for ...
  • BitTorrent CEO

    BitTorrent chief urges industry to collaborate on net neutrality Edit Post

    LIVE FROM BROADBAND WORLD FORUM: Eric Klinker, CEO of file-sharing enabler BitTorrent, called for industry cooperation on the issue of net neutrality, claiming this would “bring us solutions that are much better for our customers and better for supporting our industry”. “We don’t want to set it in stone at the policy level. That’s the last place we ...
  • Telefonica 3

    Telefonica launches ‘plug and play’ IoT Edit Post

    Telefonica has launched ‘Thinking Things’, an Internet of Things (IoT) product that the operator says users can set up in their home or office – connecting almost any device to the internet – without needing any programming knowledge or having to install additional infrastructure. Thinking Things is a set of low-cost modular devices fitted with different ...

  • Oettinger

    Incoming EU digital chief wants rules that help operator profits Edit Post

    New EU digital chief, Guenther Oettinger, called for measures to boost the bottom line of Europe’s operators and IT companies, said Handelsblatt. “In the future, it must again be allowed for companies to make a fair profit,” said Oettinger (pictured). This improvement to margin could partly be achieved through the regulation of “network fees”, he suggested. His calls ...
  • Ramon Fernandez

    Orange reports slowing revenue decline; wants French consolidation Edit Post

    Orange saw Q3 revenue decline by 2.3 per cent to €9.8 billion, an improvement on recent quarters. Meanwhile chief financial and strategy officer Ramon Fernandez said the operator remains “very attentive” to possible M&A in its domestic market. Revenue decline slowed compared with Q2 (3.4 per cent) and Q1 (3.8 per cent), thanks primarily to better ...


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    Nokia Q3 buoyed by LTE deployments in North America, China Edit Post

    Nokia did a roaring trade in selling mobile broadband equipment during Q3, which helped boost year-on-year net sales at its core networks unit by 13 per cent, to €2.94 billion, and widen the division’s non-IFRS operating profit margin from 8.4 per cent (Q3 2013) to 13.5 per cent. At a group level, Nokia increased year-on-year Q3 net sales ...