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  • Ericsson starts search for new CEO as Vestberg steps down

    Ericsson initiated a search for a new CEO following the announcement on Monday that Hans Vestberg has been removed from the top role at the Sweden-based vendor with immediate effect, although he will remain available to the company for a period of six months.

Telefónica Deutschland launches O2 Banking

Telefónica Deutschland has become the latest European mobile operator to wade into the financial services sector with the launch of O2 Banking in cooperation with the Germany-based Fidor Bank.

Huawei operating margin declines despite 40% annual hike in H1 revenue

Huawei retained the confidence of industry analysts after revealing that its first-half operating margin fell from 18 per cent in the opening six months of 2015 to 12 per cent in the recent period.

Telekom Austria expects modest revenue growth in 2016

Telekom Austria's management said it "remains confident" of achieving modest group revenue growth in 2016 as it seeks to counteract headwinds in certain markets as well as the reduction in mobile roaming charges across the European Union.

Nokia to deploy cloud packet core upgrade on Tele2 LTE networks

Tele2 agreed a multi-market core network upgrade deal with Nokia covering the rollout of the vendor's cloud packet core system, in a move Nokia said will boost the Sweden-based operator's LTE capabilities and pave the way for deploying 5G technology.

Gartner: Semiconductor spend to fall 0.7% globally in 2016

Gartner predicted that worldwide semiconductor capital spending will decline 0.7 per cent in 2016 to $64.3 billion (€58.6 billion).

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The seven-week strike that ended in late May had a crippling impact on Verizon's wireline installation operation, resulting in the company losing 41,000 FiOS pay-TV customers and 13,000 FiOS high-speed internet users.