In guidance released on Friday, electronics giant Samsung issued lukewarm profit predictions for the fourth quarter 2015. According to Samsung’s estimates, the company will see a profit of nearly 6.1 trillion Korean Won, or just under $5.1 billion, based on sales of 53 trillion Won ($44 billion). Should it hold true, the forecast figures would […]
EE Head to Step Down After BT Acquisition
U.K. operator EE confirmed Monday that CEO Olaf Swantee will step down following the company’s planned acquisition by BT. Swantee, who has led the company since 2011, will be succeeded by Marc Allera, who currently serves as EE’s chief commercial officer, once the BT deal is completed, the company said. Swantee said in a statement […]
Samsung: Tough 2016 Ahead Thanks to Fierce Competition
A Samsung executive warned earlier this week that 2016 will be a challenge as the company faced increased competition across many of its product segments, Bloomberg reported. According to Bloomberg, Samsung vice chairman and co-chief executive officer Kwon Oh Hyun said the company’s smartphones, televisions and memory chips will be up against fierce competition this […]
Nokia Gains Control of Alcatel-Lucent
Nokia has officially gained control of troubled French telecom company Alcatel-Lucent, Reuters reported Monday, drawing to a close a $17 billion (15.6 billion Euro) deal that was first announced in April 2015. According to information released by French financial regulators on Monday, preliminary results of Nokia’s public exchange offer for outstanding shares of Alcatel-Lucent show that “Nokia […]
Shaw To Acquire Canada’s WIND Mobile
Canadian wireless provider WIND Mobile announced Wednesday that it has entered into a $1.6 billion deal with Shaw Communications in which the latter will acquire 100 percent interest in WIND and its parent company, Mid-Bowline Group. Through the new transition, WIND will retain its CEO Alek Krstajic and his team. The transaction is expected to […]
T-Mobile One of Seven Added to NASDAQ-100
Investment company Nasdaq announced Friday that U.S. wireless carrier T-Mobile was one of seven companies that will be added to the NASDAQ-100 list for 2016. The change, which will go into effect at the start of next week on Monday, Dec. 21, will also see Ctrip.com, Endo International, Expedia, Maxim Integrated Products, Norwegian Cruise Line […]
Strategic Pricing: An Alternative to Unsustainable Price Cuts
With the holiday season upon us, carriers have tripped over themselves to undercut the competition and woo customers. But from the outside, it seems there’s something missing from their offers: strategy. While bottom of the barrel promotions may help bring in customers, they’re hardly a sustainable, long-term solution. That’s where a model called “strategic pricing” […]
ItsOn Gets $12.5M to Expand Digital Transformation Services for Operators
ItsOn, a company that provides cloud-based solutions to enhance the way mobile operators interact with users, announced Thursday that it has raised $12.5 million in Series D funding to expand its services beyond the North American market. The money, raised in a funding round led by Delta Partners Capital Limited with follow-on investments from Verizon […]
IBM Acquires Clearleap in Latest Strategic Buy
IBM announced Tuesday it has acquired cloud-based video service company Clearleap, Inc. in the latest of what has been a string of strategic purchases. According to IBM, the acquisition will allow the company to use Clearleap’s open API framework and scalable video platform to keep up with consumer demand for video management services. IBM said […]
AOL Lays Off 100 as Acquisition Transition Continues
Nearly half a year after its acquisition by Verizon, AOL is still making adjustments – this time with the layoff of 100 employees, TechCrunch reported Tuesday. According to the report, the latest cuts come mainly from AOL’s Membership division, but also include some positions in marketing, advertising and social media. AOL senior vice president of […]