Telefonica (TEF) reported third-quarter 2009 results with earnings per ADS of US$1.88, comfortably beating the Zacks Consensus Estimate of US$1.49. The Spanish telecom giant reported net income of €1.99 billion (US$2.85 billion), down 0.6% year over year, due to lower sales as a result of the beleaguered economy, especially in Spain. Revenue Consolidated revenue fell 5.7% year over year to €14.1 billion (US$20.2 billion). Revenue was impacted by weak contributions from domestic and European markets due to the recession. Latin America contributed 40% of the group revenues followed by Spain at 35% and Europe at 25%. Result by Segments Telefonica Espana The company’s Spanish revenue declined 8.9% to €4.9 billion (US$7 billion), impacted by a reduction in mobile termination rates (inter-operator fees) and the economic downturn. Wireline business revenues fell 9.4% year over year to €2.9 billion (US$4.1 billion) while revenue from wireless ...

TROY, MI — (Marketwire) — 10/27/09 — Viper Networks, Inc. (PINKSHEETS: VPER), a global telecommunication network operations and technical management company, announced today that it has successfully finalized, pending final regulatory approvals, the acquisition merger with Cirilium India Pvt. Ltd.. This merger with the Company’s joint venture partner, upon completion, will entail a combination of cash, stock and certain technical and operational management contributions.

As previously announced, Cirilium India Pvt. Ltd., based in Chennai, India, is a profitable communications provider with a world class multi-gigabit, multi-protocol convergent IP infrastructure that provides convergent services like voice, data and video through the same Backbone and Broadband Access Network.

The consummation of this merger transaction with Cirilum, provides the Company with the exclusive franchise rights with Bharat Sanchar Nigam, Ltd. (BSNL), and majority ownership for operating the awarded India license both inside and outside of the country.

BSNL is the 7th largest telecommunications company

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Dr Stock Pick HOT News & Alerts!

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DrStockPick.com Watch List!

My Picks for Tuesday October 20, 2009, are:

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AMNP, American Sierra Gold Corp., AMNP.OB

AMNP, an independent gold exploration company, focuses on the exploration and production of gold properties in North America. AMNP has a 90% interest in 11 concessions covering 71,334 acres in the historically prolific Sierra Madre gold belt.

On October 13, AMNP has entered into an equity financing agreement with a European-based institutional investor for up to $6,000,000 and most recently, AMNP decided to retire 19,000,000 shares (which represents 23% of its currently outstanding common stock) to allow AMNP to be in an advantageous position in

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Omnicity Corp. hopes to do with the Internet what was done with electricity in the 1930s. Specifically, they hope to bring all of the benefits and capabilities of the Web to rural areas not currently served with broadband access. The goal is to build a nationwide wireless network that is able to deliver high-speed Internet access to rural subscribers in a more cost-effective way than traditional cable or fiber optic models.

Currently, only 38% of rural households have broadband connections, versus 57% of urban homes and 60% of suburban homes. Most homes in rural areas cannot receive cable television or broadband. Even DSL rarely extends beyond the city limits. And traditional dial-up service is simply to slow to run many of the Web’s newest programs.

All of this greatly limits the ability of this segment of the population to participate in

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Mobile TeleSystems (MBT), Russia and Eastern Europe’s largest cellular operator, has reportedly acquired a 50.91% stake in Comstar-United TeleSystems (Comstar-UTS), a leading integrated telecommunication solution provider in Russia and the CIS.   The incumbent Russian telecom carrier has acquired the stake from AFK Sistema, a Russia-based financial and industrial holding company, for RUR39.15 billion (US$1.32 billion) having received all the necessary regulatory approvals for the transaction.   Comstar-UTS comprises fixed-line operator Moscow City Telephone Network (“MGTS") and STREAM-TV, a leading Russian cable TV and Internet service provider. The company holds a major share in the broadband and IPTV markets in Moscow. Comstar-UTS also offers value-added “Triple-Play" bundled (voice, Internet and pat-TV) services to its customers.    Comstar-UTS currently operates in 70 Russian cities, covering a total population of over 48 million people. At the end of first-half 2009, the company served 4.4 million fixed telephony subscribers, nearly ...

Omnicity Corp. provides broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company aims to be the premier consolidator of rural market broadband nationwide. Leveraging management expertise, Omnicity’s strategy is to provide a total broadband solution and continue rapid growth through acquisitions, organic growth and partnerships with Rural Electric Municipal Cooperatives and Rural Telephone Companies.

The company’s target markets are locations better suited to wireless transmissions than traditional hard-wire operators. It has been estimated that at least 40 million rural and small market homes, businesses, government agencies and schools have inadequate high-speed Internet service, representing a large growth opportunity.

Building a nationwide wireless network, Omnicity will be able to deliver high-speed Internet access to rural subscrib¬ers more cost-effectively than traditional cable or fiber optic models since hard-wire systems are gener¬ally much more expensive to build than wireless networks. Reduced network

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Conexant Systems (CNXT) announced that it will offer seven million shares of its common stock in an underwritten public offering. The company also stated that it would grant Oppenheimer & Co Inc, the underwriter for the offering, a 30-day option to purchase up to 1.05 million additional shares to cover over-allotments. The company plans to use the net proceeds of the offering for general corporate purposes which include repaying, redeeming, or repurchasing existing debt, and for working capital, capital expenditures, and acquisitions. Headquartered in Newport Beach, CA, Conexant Systems designs and develops semiconductor solutions that enable consumers to access the digital world. It operates in an intensely competitive market with many rivals in and outside the United States, including Analog Devices (ADI), Broadcom Corp. (BRCM) and Texas Instruments (TXN). Last month, Conexant sold its Broadband Access product lines to Ikanos Communications Inc. for ...

Comcast (NASDAQ:CMCSA) and Verizon (NYSE:VZ) are dying a slow death…

Investors who realize this fact early could cash in on a brand new tech boom that could produce a new generation of high-tech millionaires not seen since the 1990s.

Comcast, Verizon and other government-protected duopolies won’t be around for your grandchildren to enjoy — at least not in their current forms. You see, companies like these are selling outdated services. And they’re more than reluctant to change their business models.

First, consider the home telephone. This beast is becoming scarcer by the day. In fact, mobile phone-only households are becoming the norm. Yet despite huge increases in wireless sales by traditional telecoms, it’s the wireline segment that keeps these blue chips in the black. More than half of Verizon and (NYSE:T) AT&T’s revenue comes directly from wireline sales.

For the old-school telecom giants, it’s all about infrastructure. They want to milk

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ADC Telecommunications Inc. (ADCT) has decided to assist rural telecom service providers in preparing their applications for the Broadband Stimulus funds through the Rural Utilities Service (RUS) program.

The company recently formed a Rural Carrier User Group to coordinate with several carriers, broadband consultants and engineering firms to exchange information and develop new ideas for emerging FTTP deployments. The American Reinvestment & Recovery Act (ARRA) contains provisions that encourage telecom operators to apply for grants, loans and guarantees to assist them in deploying un-served and under-served communities for broadband access.

The Broadband Stimulus Program has received significant acceptance among rural carriers. Out the total allotment of $7.2 billion, the first round will inject $4 billion into the industry. Yesterday, National Telecommunications and Information Administration said it had received about $28 billion in bids from various telecom service providers for the first round of stimulus fund.

ADC Telecommunications is

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China Telecom (CHA) announced interim 2009 results today with net income of RMB8.4 billion ($1.2 billion), or RMB0.10 per share, down 27.5% compared to RMB11.6 billion ($1.7 billion), or RMB0.14 per share, reported in the corresponding period a year ago.

This annualized drop in profit is primarily attributable to higher marketing expenses associated with the deployment of the company’s 3G wireless services and persistent decline in legacy landline business. China Telecom reported a 24% year-over-year rise in operating expenses for the period, largely due to an annualized increase of 60% in SG&A costs (including mobile handset subsidies).

The largest Chinese fixed-line operator reported revenue of RMB102.6 billion ($15 billion) for the period, up 14.8% year over year, driven by healthy contribution from its wireless segment which offset the fall in fixed-line business. EBITDA shrank 2.1% year over year to RMB43.3 billion ($6.3 billion) with EBITDA margin equating to

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