Rs 10k-cr telecom deal up for grabs Sep 21, 2009
According to sources, for project companies such as TCS, Infosys, Wipro, HCL, Tech Mahindra and state-owned outfits like C-DAC, ECIL and BEL, along with telecom equipment majors such as Motorola, Ericsson, Alcatel Lucent and Nokia Siemens Networks, are likely to be among the bidders. An added incentive for successful bidders is that following the completion of this project, the Centre will then hand out an additional Rs 5,000-crore project to manage and maintain this network for the next 10... (India Times)
Ericsson for R&D to remain leader Sep 20, 2009
STOCKHOLM: Telecom equipment maker Ericsson is banking on research and development and understanding of local needs to retain its leading position as India readies for the 3G launch ... Telecom equipment maker Ericsson is banking on research and development and understanding of local needs to retain its leading position as India readies for the 3G launch. (India Times)
Alcatel chief says no M&A on agenda Sep 18, 2009
PARIS: Merger and acquisition projects are not on the agenda of the Franco-American telecom equipment supplier, the chief executive of Alcatel-Lucent said in a newspaper interview ... Merger and acquisition projects are not on the agenda of the Franco-American telecom equipment supplier, the chief executive of Alcatel-Lucent said in a newspaper interview. (India Times)
UPDATE 2-Market Chatter -- Corporate finance press digest Sep 18, 2009
(Adds Alcatel-Lucent). BANGALORE, Sept 18 (Reuters) - The following corporate finance-related stories were reported by media on Friday. (Scientific American)
BSNL to award $2-bn deal to ITI Sep 14, 2009
BSNL has decided against issuing a new tender for the deal, which is part of the worlds largest telecom equipment tender for 93 million GSM lines worth about $10 billion, as this would delay the process further and will instead award it to state-owned ITI, said the executive requesting anonymity. Global System for Mobile communications (GSM) is the dominant mobile-phone standard in India and elsewhere. (India Times)
Hearing set for Verizon vs. Nortel-Avaya Sep 11, 2009
In July, Avaya put in a stalking horse bid of $475 million for Nortel s enterprise division, which provides telecom equipment to large corporate clients as well as government entities. Other companies may submit bids for the division. (Triangle Business Journal)
Restrictions on Chinese telecom equipment good for India? Sep 9, 2009
Restrictions on Chinese telecom equipment good for India ... Restrictions on Chinese telecom equipment good for India ... DoT officials reportedly asked Indian telecom companies to stop using China-made telecom equipment in sensitive border areas, as the Home Ministry and intelligence agencies are concerned that these equipment could have spyware or malware built into them capable of tracking voice and data traffic from a location outside the country. (Xinhuanet, China)
Chinese Wall: All tele-vendors to undergo security tests now Sep 1, 2009
NEW DELHI: The government plans to revive an earlier proposal where all foreign telecom equipment vendors will have to pass stringent security tests in a government-controlled test bed for every product before selling it to any operator in the country ... The proposal may be a compromise solution to address security concerns associated with Chinese vendors, such as Huawei and ZTE, who are walking way with a bulk of new supply deals signed in the telecom equipment space ... Govt plans to revive... (India Times)
Towards a broadband revolution Aug 29, 2009
3G is not spectrum range, it is highly efficient next generation telecom equipment. In all countries this equipment has been allowed on allotted 2G or 3G spectrum ranges. (India Times)
> Timeline of crucial events in Nortel's history Aug 21, 2009
Within two years, Northern Telecom becomes the second largest supplier of telecom equipment in North America, supplying products to 21 of the 22 Bell companies. U.S. switching becomes a $320 billion a year business for the company. (Raleigh Triangle Business Journal, NC)
Unwise acquisitions, scandal proved too much to overcome Aug 21, 2009
Nortel s core business had been providing telecom equipment to telecommunications carriers. In 1995, the company changed its name to Nortel to reflect its moves toward diversification. (Raleigh Triangle Business Journal, NC)
Singapore retail sales falls for ninth consecutive month Aug 14, 2009
Computer and telecom equipment sales jumped 14 percent as retailers slashed prices. Retail sales rose a seasonally adjusted 2. (The Star Online, Malaysia)
ADC expands global workforce reduction Aug 13, 2009
But the company s stock jumped by more than 25 percent as the telecom equipment maker also boosted its earnings guidance. The Eden Prairie-based maker of telecom industry equipment now plans to cut its workforce by 350 to 400 people worldwide, an expansion from the 100 to 130 figure previously announced in June. (Twin Cities Business Journal, MN)
BSNL - the undoingof a giant Aug 12, 2009
Non-completion of projects due to delayed procurement of equipment: Procurement of major telecom equipment was carried out centrally by headquarters, based on consolidated demand put up by the a state or a metropolitan center as laid down by the procurement manual. Audit scrutiny of the material management and planning wings of headquarters revealed that during 2003-04 to 2007-08, requirements for 5,224 pieces of equipment of various categories were placed and finalized. (Asia Times Online)
Airtel's $500m outsourcing deal up for grabs Aug 12, 2009
Bharti has sounded out several telecom equipment majors about the contract that will be issued soon, said an executive privy to the development. The deal is in line with the company's policy of outsourcing non-core activities to save costs and become a telecom marketing company. (India Times)
Nortel loss balloons, CEO steps down, board shrinks Aug 11, 2009
By Wojtek Dabrowski, Reuters TORONTO said Monday that its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. Nortel , once North America's biggest maker of telephone gear, also posted a bigger quarterly loss due to big reorganization costs and plunging sales, which it blamed on the weak economy. (USA Today -- Money)
Optimism Rises for Nortel Unit Sell-offs Aug 11, 2009
The telecom equipment vendor's second-quarter results suggest that its for-sale businesses may have an easier time attracting buyers ... Sales fell 25% from a year earlier, but jumped 14% from the first quarter, when the debt-burdened maker of telecom equipment said it was seeking protection from creditors. (BusinessWeek)
Revenue dips, but Tekelec beats on profit Aug 6, 2009
Shares of Morrisville-based telecom equipment maker fell more than 8 percent in morning trading after the company posted lower revenue and earnings compared to a year ago. Tekelec (Nasdaq: TKLC), whose shares were trading down 8. (Triangle Business Journal)
Settlement approved in National City investor suit Aug 2, 2009
According to Discovery Group, the poison pill was originally adopted without shareholder consent in response to a perceived takeover threat from Brightpoint, Inc., an industry competitor in the distribution of wireless telecom equipment. In a letter to the TESSCO Board, Discovery stated that good governance compels the TESSCO Board to immediately rescind the poison pill based on the overwhelming vote of its non-management shareholders. (Fresno Bee -- Business)
China's phone clones Jul 31, 2009
"You cannot compete with them. You can't," said an employee of Chinese telecom equipment maker Huawei Technologies who spoke on the condition of anonymity. "It is almost impossible to make a profit [from handsets] now because of shanzhai.". (CNN -- International)
French Unemployment Drops, But No Cheers Jul 30, 2009
Employees of Telecom equipment giant Alcatel-Lucent demonstrate after the group announced it will cut jobs as part of restructuring in France. Robert Francois / AFP / Getty. (Time.com)
Ericsson will acquire Nortel assets Jul 28, 2009
the Swedish maker of telecom equipment, confirmed late Friday that it has entered into an agreement to buy parts of the carrier networks division of. The agreement was confirmed hours after the Dallas Business Journal reported that Ericsson had placed a bid for the wireless business of bankrupt Nortel. (Dallas Business Journal, TX)
Ericsson quarterly profits plunge Jul 25, 2009
Telecom equipment giant Ericsson reported a nearly 60-percent drop in second-quarter net profits, a far weaker result than expected, as the economic crisis ate into the mobile phone market. STOCKHOLM (AFP) - Telecom equipment giant Ericsson reported a 57-percent drop in second-quarter net profits Friday, a far weaker result than expected, as the economic crisis ate into the mobile phone market. (Yahoo! Asia News)
Ericsson joins Nortel bidding fray Jul 25, 2009
the Swedish maker of telecom equipment, has placed a bid for the wireless business of bankrupt. We re not disclosing the terms of the bid, said Kathy Egan, vice president of communications at Ericsson, which employs about 2,300 workers in the Metroplex. (Dallas Business Journal, TX)
Full Story » Jul 24, 2009
STOCKHOLM (AFP) Telecom equipment giant Ericsson reported a 57-percent drop in second-quarter net profits Friday, a far weaker result than expected, as the economic crisis ate into the mobile phone market ... We buy used telecom equipment. (Yahoo News -- Technology)
'Economic effects more notable' Jul 24, 2009
STOCKHOLM: The chief executive of telecom equipment maker Ericsson said on Friday the effects of the global economy on the mobile infrastructure market were now more notable but that the firm's cost savings target remained unchanged ... The chief executive of telecom equipment maker Ericsson said on Friday the effects of the global economy on the mobile infrastructure market were now more notable but that the firm's cost savings target remained unchanged. (India Times)
Nortel Gets Interest from MatlinPatterson Jul 8, 2009
creditors could be excused for cringing when they learned in June that the bankrupt telecom equipment maker agreed to sell some of its businesses to for $650 million. Nokia Siemens was getting several Nortel wireless equipment businesses on the cheap, some analysts reasoned. (BusinessWeek)
Tellabs eliminating 150 jobs Jul 7, 2009
(Crains) Telecom equipment maker on Monday announced a restructuring plan that calls for cutting 150 jobs, or roughly 5% of its total workforce, over the next 12 months. The Naperville company said in a filing with the Securities and Exchange Commission that the reduction was needed as management continues to align our costs with customer spending and current market conditions. (Crain's Chicago Business)
Iran can monitor calls with our technology: Nokia Siemens Jun 30, 2009
Finnish-German telecom equipment maker Nokia Siemens Networks (NSN) said Monday technology it sold to Iran in 2008 could be used to monitor calls, but denied claims it can be used for web censorship ... HELSINKI (AFP) - Finnish-German telecom equipment maker Nokia Siemens Networks (NSN) said Monday technology it sold to Iran in 2008 could be used to monitor calls, but denied claims it can be used for web censorship. (Yahoo! Asia News)
Global Recession Stings Carrier Ethernet Switch/Router Market, but Long-Term Outlook Is Positive, Heavy Reading Finds Jun 27, 2009
Heavy Reading's CESR Quarterly Market Tracker delivers a complete accounting of telecom equipment manufacturer revenues in CESR sector, including quarter-by-quarter revenue and market share breakouts for each supplier, sales by geographic region and application, and revenue projections through 2013 by region and application. The quarterly tracking service also analyzes each vendor's market strategy and identifies and analyzes customer wins, providing granular insight into this emerging market... (PR Newswire)
Nortel Liquidation Could Cripple Microsoft Tie Jun 25, 2009
The telecom equipment maker's liquidation of assets threatens its partnership with Microsoft on unified communications, Network World reports. Story Tools. (BusinessWeek)
Nokia Siemens in deal to buy Nortel wireless units Jun 21, 2009
The Finnish-German joint venture said it will purchase the LTE and CDMA assets of Nortel, a former telecom equipment giant now operating under bankruptcy protection. CDMA, or code division multiple access, is a rival standard to the dominant cellular standard GSM, or global system for mobile, while Long Term Evolution, or LTE, is a next-generation wireless network technology. (USA Today -- Money)
Nortel sells wireless biz to Nokia Jun 21, 2009
In a statement issued Friday, the 127-year-old Canadian telecom equipment giant said it has entered into a deal with Nokia Siemens to sell its wireless business for $650 million ... Once the biggest maker of telecom equipment and Canada's most valuable company, Nortel said it was in advanced stages of discussions with other parties to sell its other businesses. (India Times)
* Business Briefs Jun 17, 2009
Local WiMAX license-holder Global Mobile Corp (y@) said yesterday it had launched interoperability testing for its base stations and other telecom terminals from local telecom equipment suppliers including D-Link Corp (T), paving the way for commercial operations next quarter in Hsinchu. Global Mobile has purchased the first set of base stations from Samsung Electronic and intends to buy 300 this year. (Taipei Times, Taiwan -- Sports)
Unitech Wireless awards $500m network contract to Ericsson May 29, 2009
Unitechs $225 million contract for Karnataka, Andhra Pradesh and Tamil Nadu circles had gone to Chinese telecom equipment manufacturer Huwaei. Unitech Wireless recently awarded a nine-year IT outsourcing contract to Bangalore-based Wipro for around Rs 2,500 crore. (India Times)
As PetroChina Buys Into Singapore Pet, Issues About Strategic Interests Rise May 26, 2009
The reasoning was the U.S. did not want critical telecom equipment intellectual property to be easily accessible to China. (). (Time.com)
Govt can bar M&As in sensitive sectors May 22, 2009
Similarly, Chinese major Huaweis approval to set up a $60-million telecom equipment manufacturing facility too has been hanging fire. On security concern or suspicion, the FIPB has withheld clearances to several other companies too. (India Times)
Shenzhen's economic zone bidding for 5-fold increase, says report May 22, 2009
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BSNL gets nod to offer deal to Huawe May 16, 2009
NEW DELHI: State-run telecom giant BSNL has overcome opposition from the Intelligence Bureau (IB) and the defence ministry, winning a permission to award a lucrative contract for telecom equipment to Chinese company Huawei. A government panel, which included representatives from IB and the defence ministry, has endorsed BSNLs position and allowed the company to place orders with Huawei for only southern states as they have no international land borders. (India Times)
Does telecom equipment from Chinese vendors pose a security threat to India? May 15, 2009
NEW DELHI: The intelligence bureau and defence ministry has said that stateowned BSNL should not award telecom equipment contracts to Chinese equipment majors Huawei and ZTE in the interest of national security. Both IB and the defence ministrys reactions are in the wake of BSNLs move to shortlist Huawei, along with Swedish equipment major Ericsson, for its mega 93-million-line GSM expansion project worth around Rs 30,000 crore, in what is the single-largest telecom contract in the world. (India Times)
Nortel posts larger 1Q loss, sales fall May 12, 2009
Nortel Networks Corp. posted a $507 million first-quarter loss Monday as phone companies and other telecom equipment buyers choked off spending during the deep economic downturn. . (Herald Sun)
Tekelec beats analysts but shares fall May 8, 2009
Shares of telecom equipment maker fell Thursday despite the company reporting first quarter earnings that beat analysts estimates. The Morrisville-based company (Nasdaq: TKLC) said net income totaled $12. (Raleigh Triangle Business Journal, NC)
Aastra finds winning formula in sector strewn with losers May 6, 2009
It grows by acquisition, buying low-growth subsidiaries from big telecom equipment makers like Nortel and Ericsson. It wrings out synergies, maximizing profits, then it does it again. (Globe and Mail -- Technology)
Stocks Retreat In Soft Trade Apr 29, 2009
The wireless telecom equipment maker followed through after clearing a 17. 85 buy point from a cup-with-handle pattern Friday. (Investors Business Daily)
Stocks Advance, But Cap Week With Mixed Results Apr 28, 2009
The wireless telecom equipment maker beat views with a 22% rise in first-quarter earnings. It also raised its full-year outlook. (Investors Business Daily)
Newton out $275K+ in aid from House budget Apr 16, 2009
Before the House created its budget, Balser had been optimistic that the budget would include money from taxing telecom equipment, which could have meant an additional $1. 4 million for Newton. (Newton Tab, MA)
Nortel files for bankruptcy protection Apr 5, 2009
While still North America's largest telecom equipment maker, Nortel's shares were worth a total of just $192-million yesterday, and the company has 26,000 staff after a bruising series of layoffs over the past eight years ... In addition to selling the Ethernet unit, divisions that could go on the auction block include the carrier networks unit, which sells gear to phone companies, and the enterprise division that sells telecom equipment to businesses. (Globe and Mail -- Business)
Stocks Under $10 Apr 4, 2009
Chinese manufacturer of mobile handset components and telecom equipment for the telecom industry. 94. (Investors Business Daily)
Xilinx Starts Shipments of Virtex-6 FPGAs Apr 1, 2009
2 Gbps transceivers enable developers of 40GbE and 100GbE wired telecom equipment to address the need for high bandwidth within the power and cooling footprints of existing data centers, while its power-saving technology helps builders of "green" base stations offer network operators the ability to realize significant reduction in OPEX and carbon emissions. Virtex-6 FPGAs also enable the audio/video broadcast industry to achieve higher image quality and support more video streams while reducing... (PR Newswire)
Senior CPC official visits industrial facilities in Myanmar Mar 29, 2009
Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, visited the Myanmar's 3G core network, which was built by China's ZTE Corporation, one of China's leading telecom equipment producers. After listening to reports from both sides, Li said that information and communication industry played an important role in modern society. (Xinhuanet, China)
Bankrupt Nortel to give $7.3 m bonus Mar 25, 2009
TORONTO: A Canadian court has allowed eight senior executives at Nortel Networks Corp to share in the bonuses that the telecom equipment maker plans to pay out even as it fights for survival in bankruptcy protection. Bankruptcy courts in both the US and Canada will allow Nortel Networks to pay as much as $7. (India Times, India)
Tellabs CEO gets slight pay increase Mar 19, 2009
(AP) Robert Pullen, the president and chief executive of telecom equipment maker , earned $2. 65 million in 2008, slightly more than his predecessor got for the previous year. (Crain's Chicago Business)
Private Companies Should Be Allowed To Apply For Broadband Stimulus Funding Mar 17, 2009
Also arguing for letting private industry apply without pairing up with a government entity was Grant Seiffert, president of the Telecommunications Industry Association, which represents telecom equipment vendors. Seiffert argued that Congress meant for NTIA to choose among as diverse a pool as possible, and that the test should be based on the ability to use the funds to achieve the goal of efficient and quality service -- which is only possible under an open system. (Multichannel News)
Globalive clears last hurdle Mar 17, 2009
Globalive Wireless, for example, has signed agreements with three telecom equipment suppliers who have agreed to provide as much as $300-million (Canadian) of financial support. Mr. Lacavera says those contracts would not have happened without the presence of Mr. Sawiris, who will sit on the board of the firm. (Globe and Mail -- Business)
Complaints pile up against debt collectors Mar 15, 2009
Telecom equipment and mobile services: 844. Business opportunities, work-at-home, employment agencies: 712. (Atlanta Journal-Constitution -- Home & Garden)
Ericsson signs US deal worth $2 b Mar 14, 2009
STOCKHOLM: Telecom equipment maker Ericsson has signed a service contract with US operator Sprint Nextel Corp, a Swedish business weekly reported on Friday, citing sources. Citing sources, weekly Affarsvarlden said the order had an estimated value of just over $2 billion. (India Times)
Report: Nortel in talks to break itself up Mar 13, 2009
TORONTO Ailing telecom equipment maker Nortel Networks Corp., which filed for bankruptcy protection earlier this year, is looking to break itself up by selling off major divisions, the Globe and Mail reported Thursday (March 12). Instead of trying to rebuild itself under the newspaper reported the company is considering offers from potential buyers who are interested in buying its wireless-gear business, as well as a separate division that manufactures office telecom equipment. (EETimes)
Nortel may sell top 2 divisions Mar 13, 2009
Telecom equipment provider is having discussions about selling its two biggest business units to rivals, The Wall Street Journal reported Thursday. If Nortel does sell the units, it could signal a breakup of the company, a onetime Research Triangle Park cornerstone that currently is in Chapter 11 bankruptcy protection. (Raleigh Triangle Business Journal, NC)
Impact Networking Demo Sweepstakes Winner Cheers Chicago Blackhawks Wednesday Night... Wins 2008 Porsche Boxster! Mar 13, 2009
Impact's solutions include: creative services for establishing and maintaining brand identity; document management; scanning services for digitizing back files; networking and telecom equipment for connecting customers and employees; and digital office equipment for printing, copying, faxing and scanning with speed and cost efficiency. Privately held and headquartered in Waukegan, IL, with branch offices in Chicago, IL; Lake Forest, IL; Northfield, IL; Darien, IL; Brookfield, WI; Madison, WI and... (Yahoo! Wire -- Entertainment News)
KGP completes buy of Embarq Logistics Mar 13, 2009
KGP, which distributes telecom equipment, did not disclose terms of the deal, which was first announced in January. Embarq Logistics, which has about 600 employees, is a subsidiary of Overland Park, Kan. (Twin Cities Business Journal, MN)
Markets extend rally Mar 13, 2009
5 cents after the Wall Street Journal said the telecom equipment maker is in talks to sell its two main businesses to rivals as it strives to restructure under bankruptcy court protection. Vancouver-based silver producer Silver Wheaton Corp. has agreed to purchase Silverstone Resources Corp. in an all-stock deal valued at $190-million. (Globe and Mail -- Business)
Fast response key to success Mar 12, 2009
in Ashland City has also used Hiscall for its telecom equipment and maintenance for about 10 years. Alan White, telecommunications administrator, says Hiscall s response time is really quick and he likes the firm s reliability and customer attention. (Nashville Business Journal, TN)
Triangle stocks soar on Citi news Mar 11, 2009
Morrisville telecom equipment company (Nasdaq: TKLC) increased by 5 percent, to $11. 90. (Raleigh Triangle Business Journal, NC)
Nortel 4th-quarter loss widens Mar 3, 2009
Nortel Networks Corp., a major telecom equipment company now operating under bankruptcy protection, said its fourth-quarter loss widened as the weak economy led customers to lower or defer spending. . (Herald Sun)
Nortel burns through $1-billion Mar 3, 2009
The telecom equipment maker said sales plunged 15 per cent, to $2. 72-billion (U.S.), for the three months ended Dec. 31, in line with expectations. (Globe and Mail -- Technology)
