The severe economic recession and maturity of the Japanese telecom market have compelled Nippon Telegraph & Telephone Corp. (NTT) to look at other geographies. Industry sources say the company has started negotiations with Patni Computer Systems, the sixth largest software services exporter of India , to acquire 66% stake in the latter. Entry into India will unlock the $60 billion IT and ITES (IT enabled services) market to Nippon. In the last reported quarter, Patni generated approximately $166.75 million in revenue and around $33.7 million of net profit.  Nippon, the largest telecom operator in Japan is facing strong competition in the Japanese wireless market and from the potential impact of low-cost, fixed-line services, such as “voice-over-Internet protocol" (VoIP). In order to maintain its leadership position, the company has taken various measures in the domestic telecom market and also decided to capture selected international opportunities to drive long-term ...

AT&T Inc (T) has reportedly completed its much anticipated acquisition of Centennial Communications Corp (CYCL), the eighth largest US wireless carrier by subscribers. This follows the recent approvals of the transaction by the US Department of Justice and US telecom regulator Federal Communications Commission (“FCC"). The transaction, which was originally set to complete in second-quarter 2009, is now officially closed.  As per the agreement terms, shareholders of Centennial will receive $8.50 in cash for every share they own, equating to approximately $944 million. Including net debt, the aggregate value of the deal is $2.7 billion. AT&T will take appropriate steps to redeem all of Centennial’s outstanding debts. AT&T expects minimal dilution to earnings and cash flow in 2009 given the upfront integration costs.  The acquisition has expanded AT&T’s wireless coverage to include the rural areas of the Midwest and Southeast regions of the US as ...

On4™ Communications is a globally diversified Location Based Services (LBS) company with offices in Scottsdale, Arizona; Richmond, British Columbia and representation in China. On4 anticipates growing its business rapidly and successfully becoming an industry leader.

The company focuses its efforts on the integration of proprietary and non-proprietary hardware and wireless carrier platforms with non-competing vertical partners to access lucrative consumer-based niche markets. On4™ leverages its strategic relationships through joint ventures, partnerships and acquisitions to provide market opportunities for emerging technologies in the LBS space.

On4™ Communications can provide either hardware-only (GSM or CDMA devices) or fully integrated custom solutions, depending on end-user requirements. On4™ specializes in the integration of proprietary and non-proprietary hardware and wireless carrier platforms with non-competing vertical partners to access lucrative consumer-based niche markets.

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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 ...

  Motorola Inc. (MOT) today declared financial results for the third quarter 2009. Quarterly net income from continuing operations was $12 million or 1 cent per share, compared to a net loss of $397 million or 18 cents per share in the prior quarter. Third quarter adjusted (excluding special items) EPS was 2 cents, easily beating the Zacks Consensus Estimate of a break-even quarter. Improvement in net income was primarily due to the huge reduction in operating expenditure. Quarterly total revenue was $5,453 million, down 27.1% year-over-year and also below the Zacks Consensus Estimates of $5,564 million. Gross margin in the third quarter was 33.2% compared to 24.1% in the prior-year quarter and 31.1% in the previous quarter. Quarterly operating expenditure was $1.68 billion compared to a massive $2.26 billion in the year-ago quarter. A huge restructuring initiative taken by the company resulted in  an approximate ...

Telus Corp (TU), Canada’s second largest telecom carrier, has officially announced the launch date and pricing of Apple’s (AAPL) iPhone (3G and 3GS). The company will commence selling the highly popular device on Nov 5, 2009. Moreover, Telus will also unveil its new HSPA (high speed packet access) based 3G wireless networks on the same day to support the iPhone launch.  Telus will sell iPhone 3G (8GB) for $99.99 with a 3-year contract and for $599.99 without any contract. The company has priced iPhone 3GS (16 GB) at $199.99 with a 3-year contract and $699.99 without contract. The 32 GB version of iPhone 3GS will be sold for $299.99 (with contract) and $799.99 (without contract).  Canada’s largest wireless carrier Rogers Communication (RCI) has been the sole distributor of iPhone in the country since July 2008, leveraging its GSM and HSPA wireless networks. However, the ...

The battle for supremacy in the global smart-phone market is getting intense by the day. Now the matter has entered the courtroom. Yesterday, the largest smart-phone maker in the world, Nokia Corp. (NOK) filed a complaint against Apple Inc. (AAPL) with the Federal District Court in Delaware, alleging that Apple's legendary iPhone has violated as many as ten Nokia patents from 2007.   These ten patents related to technologies fundamental to making mobile handsets, which are compatible with one or more of the GSM (2G), UMTS/WCDMA (3G) and wireless LAN ( for Wi-Fi connectivity) standards. Technically these patents cover wireless data, speech coding, security and encryption for smart-phones. Nokia said that the company spent more than $60 billion in the last two decades to develop the wireless industry's strongest and broadest IPR portfolios, consisting of 10,000 patents. So far the company has entered into patent licensing agreements ...

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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AT&T Inc’s (T) much anticipated acquisition of regional wireless and wireline service provider Centennial Communications Corp (CYCL), has progressed a step further as the US wireless giant has reportedly received a conditional approval of the US Department of Justice (“DOJ").  The acquisition is now subject to the approval of the US telecom regulator Federal Communications Commission. The US antitrust approval is based on fulfillment of specific conditions which requires AT&T to divest certain Centennial assets in eight markets across Louisiana (central and southern) and southwestern Mississippi .  This is due to the fact that the acquisition may potentially hurt consumer interest in these regions. As part of this requirement, AT&T has already committed to sell wireless assets in five of the eight markets to its rival operator Verizon (VZ) for $240 million. AT&T announced its acquisition of Centennial for approximately $2.8 billion (including net debt) ...

Bell Canada , the subsidiary of incumbent Canadian telecom carrier BCE Inc (BCE), and Telus Corp (TU) have reportedly inked agreements with Apple Inc (AAPL) to market iPhone (3G and 3GS) in Canada in November 2009. This will effectively end the country’s largest wireless carrier Rogers Communication’s (RCI) exclusive distribution rights to the popular handset. Since July 2008, Rogers Communication has been the sole Canadian carrier to market iPhone in the country as the device is compatible with the company’s GSM and HSPA (high speed packet access) based wireless networks. In contrast, both Telus and Bell Canada currently operates CDMA based networks which does not support the revolutionary smartphone. Rogers continues to enjoy greater share of the Canadian wireless market driven by strong customer additions on a quarterly basis, given its iPhone advantage. Bell Canada and Telus remain behind in terms subscriber growth. ...