HUAWEI AND OPTION FORM TELECOM TECHNOLOGY ALLIANCE
FT writes that Huawei and Option, a Belgian manufacturer of wireless modems, have entered into a broad technology alliance. Under the deal, Huawei will license software from Option for EUR27 million in the first year and acquire Option’s chip-making subsidiary M4S. A joint R&D facility in Belgium may also be in the works. The collaboration comes only a month after the European Commission began investigating whether China is unfairly subsidizing its own wireless modem manufacturers, such as Huawei and ZTE. The commission was also investigating whether the Chinese companies were dumping products on the EU market. Option, which called for both investigations, requested that they be dropped yesterday.
FT writes that Huawei and Option, a Belgian manufacturer of wireless modems, have entered into a broad technology alliance. Under the deal, Huawei will license software from Option for EUR27 million in the first year and acquire Option’s chip-making subsidiary M4S. A joint R&D facility in Belgium may also be in the works. The collaboration comes only a month after the European Commission began investigating whether China is unfairly subsidizing its own wireless modem manufacturers, such as Huawei and ZTE. The commission was also investigating whether the Chinese companies were dumping products on the EU market. Option, which called for both investigations, requested that they be dropped yesterday.
SPRINT’S SUBSCRIBER GAINS FAIL TO IMPRESS
Sprint Nextel reported a loss of USD911 million for the third quarter, compared with a USD478 million loss in the corresponding period last year. The operator reported an increase of 354,000 net monthly post-paid customers to its core Sprint mobile service, many of them new smartphone owners, and a net 471,000 pre-paid customers. Nextel, however, lost 383,000 postpaid iDEN customers. CEO Dan Hesse expressed confidence that the pre-paid market where the company offers multiple brands will continue to grow. Hesse sees the largest opportunities for Sprint Nextel though in the embedded and machine-to-machine wireless markets, adding that he expects growth in revenue next year if subscriber results continue to improve.
Sprint Nextel reported a loss of USD911 million for the third quarter, compared with a USD478 million loss in the corresponding period last year. The operator reported an increase of 354,000 net monthly post-paid customers to its core Sprint mobile service, many of them new smartphone owners, and a net 471,000 pre-paid customers. Nextel, however, lost 383,000 postpaid iDEN customers. CEO Dan Hesse expressed confidence that the pre-paid market where the company offers multiple brands will continue to grow. Hesse sees the largest opportunities for Sprint Nextel though in the embedded and machine-to-machine wireless markets, adding that he expects growth in revenue next year if subscriber results continue to improve.
FRANCE TELECOM BUOYED BY HOME MARKET
Boosted by a boom in smartphone usage, France Telecom posted better-than-expected Q3 results. Europe’s third largest telecom operator recorded revenues of EUR11.63 billion and EBITDA of EUR4.26 billion.
BT TO TEST WIFI ON LONDON UNDERGROUND
Transport for London (TFL) and BT are set to implement a six-month test run of WiFi in London’s subway lines starting on Monday. The trial run will be conducted at the Charing Cross station, through which 68,000 commuters pass every day.
Boosted by a boom in smartphone usage, France Telecom posted better-than-expected Q3 results. Europe’s third largest telecom operator recorded revenues of EUR11.63 billion and EBITDA of EUR4.26 billion.
BT TO TEST WIFI ON LONDON UNDERGROUND
Transport for London (TFL) and BT are set to implement a six-month test run of WiFi in London’s subway lines starting on Monday. The trial run will be conducted at the Charing Cross station, through which 68,000 commuters pass every day.
3G REACHES MOUNT EVEREST
TeliaSonera has won a contract to bring 3G mobile phone service and high-speed Internet to the Mount Everest base camp, 5,200 meters above sea level, reports FT. Veikka Gustafsson, a Finnish mountain climber, said the mobile service will have a substantial effect on communities in the surrounding area: “Until now, the only way to communicate in the mountains has been to carry messages by foot. Now the whole world is suddenly open to them.”
TeliaSonera has won a contract to bring 3G mobile phone service and high-speed Internet to the Mount Everest base camp, 5,200 meters above sea level, reports FT. Veikka Gustafsson, a Finnish mountain climber, said the mobile service will have a substantial effect on communities in the surrounding area: “Until now, the only way to communicate in the mountains has been to carry messages by foot. Now the whole world is suddenly open to them.”
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