Swedish wireless equipment maker LM Ericsson says it is slashing 1,550 jobs in Sweden in a bid to lower its costs, with the bulk of the reductions being made within the company's key networks unit.
Qualcomm Inc.'s net income surged 20 percent in its fiscal fourth quarter, as the company's mobile phone shipments increased, driving revenue higher.
Sterne Agee analyst Vijay Rakesh expects that Qualcomm Inc.'s fiscal fourth-quarter results will meet Wall Street's expectations, but he warned that shares may be volatile immediately after the mobile phone chip company reports.
Companies in today's briefs include: Royal KPN, American Tower, CTIA, Samsung, AT&T, Mindspeed Technologies.
Bluegrass Cellular flipped the switch today on its LTE network in Kentucky through its participation in Verizon's rural LTE program.
Apple paid an income tax rate of only 1.9 percent on its earnings outside the U.S. in its latest fiscal year.
Companies in today's briefs include: AT&T, Small Cell Forum, Wireless Broadband Alliance, FCC, Barnes & Noble.
Companies in today's briefs include: 4G World, Informa, Cricket Communications, HTC, Verizon Wireless, LG.
Cellphone company MetroPCS Communications Inc. said Tuesday its net income more than doubled in the third quarter on a gain from a securities settlement and lower costs.
Softbank's pending control of Sprint's purse strings could be bad news for Clearwire's ability to tap its largest shareholder for cash.
The FCC kicked off its formal review of T-Mobile USA's merger with MetroPCS on Friday, when it accepted the companies' application to transfer control of spectrum licenses.
Companies in today's briefs include: Alvarion, Nortel Networks, Pantech, Mocana, Verizon Wireless, Nokia, Cincinnati Bell, Devicescape.
Samsung’s third-quarter profit jumped 91 percent to $5.97 billion on strong sales of the company’s Galaxy smartphones, but the company cautioned that things could slow in the holiday quarter.
Apple's fiscal fourth quarter financials couldn't keep pace with Wall Street's expectations.
Ericsson's third quarter results took a hit as weak sales in Asia, the European financial crisis and its loss-making chip venture weighed down earnings.
Taiwan's HTC Corp. is struggling to halt a slide in sales and keep up in a market increasingly divided between Apple and Samsung.
Clearwire has dramatically reduced the number of TD-LTE cell sites it plans to have on air by next summer amid declines in its wholesale business and listless retail growth.
Sprint's turnaround effort stumbled during the third quarter on ballooning losses and a net loss of customers stemming from the shutdown of its Nextel platform.
Companies in today’s briefs include: Square, Sprint, NFC Payments USA, T-Mobile USA, Lookout, Samsung.
Before Motorola split itself apart in early 2011, its infrastructure business had long outperformed its handset division, posting regular profits as its smartphone unit sunk further into the red.
LG Electronics reported a third straight quarterly profit Wednesday on strong smartphone sales.
Shares of Facebook surged in premarket trading Wednesday, as analysts praised the social media company's third-quarter results, including its first quarter of advertising to mobile device users.
Companies in today's briefs include: Novatel Wireless, ZTE, Alcatel-Lucent, Cricket Communications, Samsung, U.S. Cellular, Huawei.
Nokia today announced that it would convert $980 million worth of bonds into ordinary shares, as part of a public offering aimed at improving the company's balance sheet.