Samsung has agreed to pay Apple $548 million in the pair’s ongoing patent infringement dispute after Samsung’s request to have the damages amount reviewed was denied. According to documents filed with the U.S. District Court in Northern California, Samsung said the money will be delivered to Apple by December 14, within 10 days of its […]
Shareholder Approval Expected Today for Nokia, Alcatel-Lucent Deal
Approval for the $16.6 billion merger of Nokia and Alcatel-Lucent is widely expected from Nokia’s shareholders Wednesday, who are convening at an extraordinary general meeting in Helsinki today, The Economic Times reported. Shareholder approval will be one of the last signoffs for the deal, which has already cleared regulatory hurdles across the globe. The United […]
Comtech Stocks Plunge on News of TeleCommunication Systems Merger
Comtech Telecommunications Corp and TeleCommunications Systems Inc. (TCS) on Monday announced the signing of a $430.8 million agreement that will see the two companies merge. According to the terms of the deal, Comtech will purchase TCS in a cash transaction for $5 per share at a total cost of $430.8 million. Comtech said the merger […]
Cisco’s Q1 Earnings Beat Expectations, But Weak Q2 Expected
Cisco posted $12.7 billion in revenue for year-over-year growth of nearly four percent in its first quarter earnings report Thursday, but warned investors its second quarter growth will likely be lower than expected. Thursday’s reported revenue slightly beat Wall Street’s expectations of $12.65 billion and three percent growth, but the company’s forecast of zero to two […]
Ericsson Shares Slide on Lower Than Expected Growth Predictions
Ericsson shares were down by 6 percent Tuesday afternoon after the company released a downward revision of its four-year compound annual growth rate (CAGR) forecast. According to the new data, Ericsson expects to see a CAGR of 2 percent to 4 percent for the period of 2014 to 2018, marking a slight dip from the […]
Vodafone Posts Mixed Six Month Results
Multi-national British telecommunications company Vodafone Group on Tuesday posted a mixed bag of results for the six months ended September 30, 2015. Though overall revenue for the first half fell 2.3 percent to 20.3 billion British pounds ($30.6 billion), organic group revenue was up one percent to 18.4 billion pounds ($27.8 billion). EBITDA of 5.8 […]
South Africa’s Telekom Confirms Talks to Buy Cell C
South African fixed-line telecommunication provider Telekom confirmed on Monday recent rumors that it is in talks to buy Cell C, the country’s third-largest mobile operator. In a statement on its website, Telekom advised its shareholders that the company is in the midst of “discussions regarding a potential transaction to acquire all of the shares of […]
Ericsson, Cisco Form Network Partnership Expected to Generate $1B in Revenue By 2018
Network specialists Ericsson and Cisco on Monday announced plans to co-develop “the networks of the future” in a partnership that is expected to rake in an extra $1 billion in revenue for each company by 2018. According to a joint press release, the multi-faceted agreement will include collaboration on “routing, data center, networking, cloud, mobility, […]
VimpelCom Posts $1B Loss in 3Q Amid Investigations
Mobile operator VimpelCom posted a net loss of just over $1 billion in the third quarter thanks to a $900 million provision announced last week related to ongoing investigations into the company’s operations in Uzbekistan. The company, which is Russia’s third largest wireless operator and maintains operations in Italy and several other markets, saw its […]
Qualcomm Revenues, Net Income Slide in Fiscal 4Q Results
Prominent chip maker Qualcomm tried to maintain a positive outlook Wednesday despite the collective year-over-year and sequential slide of its revenues, operating and net incomes and earnings per share (EPS) in the company’s fourth fiscal quarter 2015. “Our fiscal fourth quarter revenues and EPS were at the high end of our expectations, with stronger-than expected […]