America Movil (AMX) reported results for third-quarter 2009 with earnings per ADS of 86 cents edging past the Zacks Consensus Estimates of 85 cents while increasing 22.6% from the year-ago earnings per ADS of 70 cents. Net profit surged 50.6% year over year to 18.7 billion pesos (US$1.4 billion) or 0.57 pesos per share. This healthy growth was fuelled by higher revenue and lower financing costs which fell 82.5% year over year due to gains stemming from favorable exchange rate swings.  Revenue & EBITDA Latin America’s largest wireless carrier continues to register a double-digit revenue growth as evident from the 16.9% year over year increase in consolidated revenue in the quarter to 99.8 billion pesos (US$7.5 billion), driven by 19.5% growth in service revenue. Revenue growth was supported by healthy business momentum across 3G wireless and broadband Internet businesses.  Consolidated EBITDA for the quarter was 40.4 ...

AT&T Inc. (T), the second largest US wireless carrier, announced the availability of netbooks and laptops from Dell Inc. (DELL) for small businesses.

Customers from small businesses across the US now have access to these premium devices that exclusively use AT&T's 3G wireless technology. The devices include Dell Inspiron Mini 10 netbook and Dell Vostro 1520 laptop.

AT&T is increasingly focusing on extending its 3G wireless capabilities from smartphones to a wide range of emerging devices in order to expand the market penetration of its 3G data services. In July 2009, the company launched several embedded netbooks and laptops from industry-leading manufacturers, such as Hewlett Packard (HPQ), Acer and Panasonic, targeted exclusively to increase connectivity for small businesses.

Carriers across the globe are aggressively selling netbooks and associated data plans in order to boost data usage and revenue. Industry estimates reveal that worldwide shipment of netbooks reached 11.6 million

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Growing market traction of 3G wireless devices in India is likely to spur growth of Qualcomm Inc. (QCOM), the largest developer of digital mobile chipsets based on CDMA wireless technology. At present, India has more than 100 million CDMA wireless subscribers, out of which half a million are 3G subscribers.

Currently, Reliance Communications and Tata DoCoMo, a joint venture between Tata Teleservices (TCL) and NTT DoCoMo (DCM) are the two main CDMA service providers in India. In addition, the state-run BSNL, the largest telecom operator in the country and Sistema-Shyam Teleservices are also opting for CDMA2000.   Ministry of Telecommunication of the Indian Government is exploring several options to auction the available spectrum for next-generation high-speed 3G networks. While Reliance Communications and Tata DoCoMo have deployed 3G EV-DO networks using their existing spectrum in 800 Mhz band, BSNL is rolling out 3G HSPA networks in 40 cities.

Subscribers of

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After the market close on July 21, 2009, Latin America’s largest wireless carrier America Movil (AMX) reported financial results for the second quarter of 2009. Net profit overflowed both consensus and our expectations surging 27.5% year-over-year to 22.5 billion pesos (US$1.7 billion) or 0.69 pesos (US$1.03) per share. This healthy growth was fuelled by higher revenue, lower subscriber retention costs and foreign exchange gains of 4.8 billion pesos (US$360 million) stemming from the appreciation of Mexican peso against the US dollar.  America Movil continues to register double-digit revenue growth as evident from the 11% year-over-year increase in consolidated revenue in the second quarter to 94 billion pesos (US$7 billion), backed by 15.9% growth in service revenue.  The company’s largest market Mexico posted 2.9% year-over-year growth in revenues to 34.9 billion pesos (US$2.6 billion). Mexican ARPU (average revenue per user) declined from the year-ago quarter while reported ...