Articles Posted on July 23rd, 2009

  • ST-Ericsson reports second quarter 2009 financial results

    ST-Ericsson reports second quarter 2009 financial results

    ST-Ericsson, a joint venture of STMicroelectronics (NYSE:STM) and Ericsson (NASDAQ:ERIC), reported financial results for the second quarter 2009. President and CEO, Alain Dutheil, commented: “During the second quarter our sales performed above normal seasonal patterns. This was due to the destocking phase in the channels being over, to the pick-up of demand in China, and to our steady execution on our commitments towards our customers.

  • Telenor Q2 profit falls on impairment charge

    Telenor Q2 profit falls on impairment charge

    Norway based European leading telecommunications service provider, Telenor, reported today that its second-quarter net profit fell by around 61 percent on heavy impairment losses, but posted improvements in sales and EBITDA. Norway based European leading telecommunications service provider, Telenor, reported today that its second-quarter net profit fell by around 61 percent on heavy impairment losses, but posted improvements in sales and EBITDA.

  • Mobile data to outstrip voice traffic by 2011

    Mobile data to outstrip voice traffic by 2011

    With an increasing number of subscribers logging on to the Internet to access and download data on mobile devices, mobile data traffic growth is doubling every year. In fact, Nokia Siemens Networks expects that at current rates, by 2011, mobile data will overtake voice traffic*, growing exponentially until 2013. Keeping pace with this rapid growth is Nokia Siemens Networks- the company has reached the 500 million mobile data user milestone, accounting for roughly 40% of global mobile data traffic today.