Network equipment maker Ericsson posted a $986 million net loss on a $1.2 billion charge related to the company’s struggling semiconductor business - its joint venture, ST-Ericsson. Revenue was up 5 percent from the same quarter last year, and 23 percent sequentially.
Qualcomm announced its 2013 first-quarter numbers, boasting $6 billion in revenue, a 29 percent increase year-over-year, and a net income of $1.9 billion, a 36 percent jump year-over-year. The numbers included $1.09 earnings per share, representing a 35 percent increase year-over-year.
Broadcom has purchased BroadLogic, Broadcom confirmed. The acquisition was made months ago, during the summer of 2012, but was not announced. The only previous public mention of the action was a status update attesting to the fact on the website of one of BroadLogic’s investors.
Time Warner Cable has completed its makeover of the company’s Web portal, which included the addition of geolocation technology. Time Warner Cable’s in-house e-commerce team, along with the help of creatives and developers across the country, came together to design, build and launch the new TWC.com.
Dish Network told the FCC that it would not file to block Softbank's proposed $20 billion acquisition of Sprint Nextel. Dish had asked that the shot clock in the Sprint-Softbank proceeding be paused until Sprint's bid for Clearwire had been settled.
Verizon Wireless has joined the discussion on Sprint's potential acquisition of Clearwire. If the FCC applies a screen and finds the deal could pose spectrum aggregation concerns, it could result in a limit to how much of Clearwire's spectrum Sprint is allowed to use.
It’s a fragmentized ecosystem when it comes to enabling video content across various devices and browsers, but Comcast’s thePlatform hopes to build a more unified front with an updated video player service that puts HTML5 in the leadoff position.
Ahead of its fourth-quarter earnings call, Netgear announced an agreement to acquire the operations of Sierra Wireless' AirCard business. The purchase price is approximately $138 million in cash. The final purchase price is subject to adjustments after closing.
After the Library of Congress made it illegal to unlock cell phones in the United States, the Canadian Radio-television and Telecommunications Commission (CRTC) has drafted a "wireless code" that would set limits on early termination fees and require providers to unlock phones under "reasonable terms."
The FCC announced a number of new actions that it hopes will help accelerate the deployment of wireless broadband by removing barriers from a number of areas in the build-out of new networks. New rules would make it easier to modify an existing wireless tower or base station.
AT&T reported a net gain of 192,000 U-verse TV subscribers for a total of 4.5 million TV customers, and a net gain of 609,000 high-speed Internet subscribers, to reach a total of 7.7 million. The company said its combined total of TV and broadband U-verse subscribers was 8 million.
Rogers said its home automation and home security platform, which is called Smart Home Monitoring, would be available soon in Newfoundland and New Brunswick. Rogers said the service would be available over the coming months after it gains licensing approvals.
Verizon Wireless said that it will sell 39 lower 700 MHz B-block licenses to AT&T in exchange for a payment of $1.9 billion and the transfer by AT&T to Verizon Wireless of AWS (10 MHz) licenses in certain western markets, including Los Angeles, Phoenix, Fresno, Calif., and Portland, Ore.
Belkin, a maker of smartphone cases and computing accessories, said that it is buying the home networking business unit of Cisco, including the Linksys router brand. Privately held Belkin did not disclose the purchase price, nor did Cisco Systems. The deal is expected to close in March.
A doubling of profits from Samsung's Galaxy line of smartphones boosted the company's overall fourth quarter profits by nearly 76 percent over the previous quarter. Samsung recorded net profits for the fourth quarter of $6.6 billion, a 76 percent surge from $3.72 billion during the same period last year.
Inmarsat will use VoIP equipment from Metaswitch to provide the telephony element of its Global Xpress worldwide communication service. Metaswitch is supplying Inmarsat with its Universal Media Gateways, MetaSphere server, MetaView system and Perimeta session border controllers.
In it's third-quarter State of the Internet report, Akamai Technologies found that more people are connecting to the Web via mobile phones, and they're surfing on those devices at significantly faster speeds overall. The report is based on data collected by Ericsson.
Investors weren't impressed with what Apple had to say in its fiscal first-quarter earnings call. Shares fell more than 10 percent to $460 in aftermarket trading on lowball guidance and a rare dip in quarterly profits, as well as diminishing margins.
Motorola Mobility showed up like a stain on Google’s otherwise strong fourth quarter, but investors shrugged off the handset maker’s losses. Total gross consolidated revenues were up 36 percent annually and 8 percent sequentially to $14.4 billion.
Cisco announced plans to buy Israeli company Intucell for approximately $475 million in cash and retention-based incentives. Intucell provides self-optimizing network (SON) software to mobile carriers, and it allows them to plan, configure, manage, optimize and heal cellular networks automatically.
The number of LTE subscribers is set to more than double in 2013, according to a forecast released from IHS iSuppli. According to the report, worldwide LTE subscribers will surpass 198.1 million in 2013, a 115 percent increase from the 92.3 million last year.
After piloting its home automation and security service last year in Arizona, and launching it in four additional markets in 2012, Cox’s Home Security service is now available to its customers in Virginia. Despite competition from entrenched providers, home automation and security services are becoming a big business for cable operators.
Verizon strengthened its position as the top dog of the wireless industry in its latest quarter by raking in new subscribers and selling millions of iPhones, but it also posted a record loss. The loss of $4.23 billion, or $1.48 per share, for the fourth quarter was mainly due to adjustments to the value of its pension funds and obligations.
AT&T announced that it has signed an agreement to buy Atlantic Tele-Network (ATNI) to acquire the company’s U.S. retail wireless operations, operated under the Alltel brand, for $780 million in cash. AT&T will acquire wireless properties, including licenses, network assets, retail stores and approximately 585,000 subscribers.
Consumers want to watch their videos anytime, anywhere and on any device, but content licensing issues are shackling those efforts, according to a recent study. Infonetics Research pinged pay-TV operators in regard to their multi-screen video services and delivering live and file-based content to subscribers across multiple devices.