UK regulators approve Vodafone and O2’s network merger

Vodafone and O2's network tieup gets regulators approval in the fight against EE's LTE begins in earnest

Observing the mantra that the enemy of its enemy is its friend, Vodafone and O2 have gained regulatory approval to begin merging their cellular networks to better compete with Everything Everywhere. As such, they can begin spinning off infrastructure and towers to a new company called CTI, which will manage both company’s hardware as a single network. It’s hoped the new tie-up will cover 98 percent of the country and enable LTE services to roll out two years ahead of Ofcom’s 2017 deadline. Worried about another awkward T-Mobile and Orange-style merger? Don’t be, since in every other respect, the pair have pledged to operate as competing entities in a quest for your custom.

Continue reading UK regulators approve Vodafone and O2’s network merger

Filed under: , ,

UK regulators approve Vodafone and O2’s network merger originally appeared on Engadget on Mon, 01 Oct 2012 11:17:00 EDT. Please see our terms for use of feeds.

Permalink The Inquirer  |   | Email this | Comments

Huawei 1H 2012: profits dropped 22 percent, still made $1.37 billion

Huaweis firsthalf 2012 financials

Huawei’s financial figures for the first six months of 2012 reveal that the Chinese behemoth brought in turnover of 102.7 billion yuan ($16.08 billion), making a profit of 8.79 billion yuan ($1.37 billion). That’s not exactly bad news, but the figure is 22 percent smaller than the same period last year — leading the company to blame the drop on the global economy and saying that the telecoms business is a “significant challenge.” It humbly bragged that it had deployed 38 of the 80 commercial LTE networks worldwide and that the upstart now held over 12 percent of the Chinese smartphone market. It also claimed that the Ascend P1 and Ascend D1 had become bestselling handsets in China, Western Europe, Japan, Australia and Canada — which might have prompted CFO Ms. Meng Wanzhou to be “optimistic” about the company’s performance in the second half of the year.

Filed under:

Huawei 1H 2012: profits dropped 22 percent, still made $1.37 billion originally appeared on Engadget on Tue, 24 Jul 2012 17:47:00 EDT. Please see our terms for use of feeds.

Permalink ZD Net  |  sourceHuawei  | Email this | Comments