EU-China spat brewing over telecoms subsidies
An internally distributed study undertaken by China’s Ministry of Commerce reportedly suggests imminent action against the EU for its subsidisation of major telecoms infrastructure companies.
Handset player Nokia has signed a deal with ST-Ericsson in a move that will see the chipset vendor’s NovaThor mobile application platform used in future Windows Phone devices.
The International Multimedia Telecommunications Consortium (IMTC) has completed what it says is the first ever voice over LTE (VoLTE) test on a live LTE infrastructure. The test, which took place at the SuperOp annual telecoms testing event in Hawaii, involved key industry players Ericsson, Huawei, Samsung, Intel Mobile and ST Ericsson, among others.
An internally distributed study undertaken by China’s Ministry of Commerce reportedly suggests imminent action against the EU for its subsidisation of major telecoms infrastructure companies.
Mobile operating system Android continues to win support, with chip makers ST-Ericsson and Broadcom this week announcing mobile platforms catering to the OS.
Swedish infrastructure vendor Ericsson reports its financial results next week, but statements from its two joint ventures on Friday do not bode well for the firm.
Handset behemoth Nokia extended its relationship with chip shop ST-Ericsson on Friday, announcing a long term partnership over China’s homebrew TD-SCDMA platform.
Swedish infrastructure and equipment vendor Ericsson took a beating during the third quarter of 2009, watching its net income dive 74 per cent year on year, dragged down by poor demand and further hits from its joint ventures.
Swedish vendor Ericsson’s other joint venture, chip firm ST-Ericsson, continues to drag on the company’s earnings, but like Sony-Ericsson’s losses, at least they’re moving in the right direction.
Profits for the quarter to end June fell to SEK800m, from SEK2bn in the same period last year. Net sales however, were up 7 per cent year on year to SEK52.1bn.
The Informer keeps seeing these financial crisis-induced marketing emails that say things like: “Now is the perfect time to innovate!” or “Now is the perfect time to implement this cost management solution!”. But it strikes the Informer that what now is really the perfect time for is to be a Chinese equipment vendor. While all the other vendors are loosening their collars and tightening their belts, and shedding staff like a dog sheds hair (unless it’s a Portuguese Water Dog, of course), the Chinese vendors are having a right old knees-up.