Struggling Canadian device maker Blackberry has reported a $5.87bn loss for fiscal year 2014, which ended March 1st 2014. The loss is over nine times the size of the $646m loss reported in 2013. The firm’s revenue also fell 38 per cent year on year from $11.1bn in FY13 to $6.8bn in FY14.
Research firms Ovum and Informa Telecoms and Media (ITM) are to merge under the Ovum brand and create what they claim to be the world’s largest telecoms industry research firm.
The Facebook-backed Internet.org initiative has revealed that it is building its first high altitude drone as part of a plan to provide connectivity to unconnected communities around the world, using satellite and free space optics.
Pushing on with its £7bn organic investment programme, Project Spring, operator group Vodafone has signed a five-year agreement with infrastructure vendor Huawei. As the third vendor signed up for this initiative, the Chinese firm will carry out a number of network enhancement projects and provide products and services to the operator to expand its single RAN in 15 countries around the world.
Latin American operator group America Movil has increased its stake in European operator group Telekom Austria. The LatAm group, controlled by billionaire Carlos Slim, has agreed to acquire 13.9 million shares in Telekom Austria, through Carso Telecom, a holding company owned by America Movil. The shares equate to a 3.14 per cent stake in the European group.
There’s plenty of stuff in this world the Informer doesn’t understand and how companies that make no money can rake it in from a stock market floatation is one of them. The Twitter founders buzzed the bell at the New York Stock Exchange on Thursday and released 70 million shares to the frenzied masses. Despite opening at $26, the market closed at almost $45, with the company reflecting a market value of more than $31bn. The company’s valuation ahead of the IPO was closer to $17bn.
With Twitter’s IPO set to go live later today the company has priced its shares at $26 each, higher than the expected range of $23-25. With 70 million shares on offer the company is looking to score around $1.8bn in proceeds with a 30 day option for another 10.5 million shares to be sold.
A drop in global mobile revenues forecast for 2018 will be the first time in the history of the mobile industry that service revenue contracts year on year, according to industry analysts Ovum.
Revenues from mobile value added services (VAS) are forecast to see a seven per cent decline in CAGR in Europe over the next five years, according to Ovum. The analyst firm also expects mobile VAS revenues to grow at a slower pace over the next five years globally.
The European Commission has outlined its plan for a single EU telecoms market. The package calls for the abolition of roaming rates within the EU, spectrum assignment to be coordinated across the continent, consumer rights to be harmonised across Europe, EU-wide protection of net neutrality and simpler rules across the EU to enable companies invest more and cross borders with their offerings.
It’s the time of year again when the industry and Apple fans alike brace themselves for the launch of the next iPhone. This time the industry is expecting to see two devices launched – the iPhone 5S and the debut of a lower priced entry-level iPhone, expected to be named the iPhone 5C.
Following Microsoft’s announcement that it is to buy Nokia’s Devices & Services business for €5.44bn, industry analysts have had their say about what the future will hold for the two firms.
On September 2, 2013, Vodafone and Verizon announced that they had reached an agreement for Vodafone to sell its 45 per cent stake in Verizon Wireless back to Verizon for $130bn. Ovum believes that the deal is good for both parties, but that the decision to return 65 per cent of the proceeds from the sale back to shareholders is short-sighted. It may make Vodafone CEO Vittorio Colao popular, but we don’t believe that he will have enough left to future proof the business.
Web giant Google is looking to monetise its wearable computing project Google Glass by measuring how long users gaze at advertisements in their glasses for. The firm has been granted a patent for its Gaze Tracking System.
O2 UK has told customers of its e-health services Help at Hand and Health at Home that it is to cease operations at the end of this year. The decision comes just four months after the services were launched.
Dutch incumbent KPN has confirmed that it is to sell its German mobile operation, E-Plus, to Spain’s Telefónica, which operates as O2 in the German market. Telefónica will pay €5bn in cash to KPN, which will also hold a 17.6 per cent stake in Telefónica Deutschland once the deal, subject to regulatory approval, has been completed.
Microsoft’s foray into the hardware market is not going smoothly as it revealed in its quarterly results that it has taken a $900m charge related to inventory adjustments for its Surface RT tablet. The charge had an impact of $0.07 per share, the firm added.
Operators are “missing the big picture”, “exaggerating the threat from over-the-top (OTT) players”, and “misunderstanding the broader benefits of innovation”, according to Ovum.
This year, 100G fibre is expected to generate revenues of over $1bn for the first time, according to research firm Ovum. The firm analysed financial results from 1Q13 in the global optical networking market and found several trends, including one disappointing trend that market growth overall remained difficult, with only Japan’s Fujitsu posting sequential and year-on-year gains.
Competition and investment in the global telecoms industry is being held back by inconsistent regulatory frameworks, according to research firm Ovum. The firm assessed and ranked the regulatory performance of 11 countries across three geographic areas in the second iteration of its annual Regulatory Scorecard.