Level 3's first-quarter 2014 earnings were driven again by Enterprise Core Network Services (CNS) revenue, which rose 11 percent year-over-year to $962 million.
Level 3 Communications has established a new partnership with Digital Realty Trust where it will provide the data center provider's customers in 14 U.S. and European markets access to its growing base of cloud service partners including Amazon Web Services (AWS Direct Connect) and Microsoft Azure (ExpressRoute).
It has finally come to pass: no longer will Nokia make mobile phones, and for those of us who have watched and monitored the company over past decades it really is the end of an era. The Nokia we knew is no more now that the deal to sell its devices unit has finally gone through. Microsoft also appears to have little intention of keeping the famous phone brand, according to recent remarks by former Nokia CEO Stephen Elop.
Sprint reported that its wireline revenues were $770 million, down sequentially and year-over-year from $859 million in the fourth quarter of 2013 and $893 million in the same period a year ago.
Nokia elevated soft-spoken yet intensely competitive Rajeev Suri to its president and CEO position, which was no surprise given his deft handling of the turnaround at the firm's network infrastructure unit, Nokia Solutions and Networks, which he has headed since 2009. Suri will assume the combined role on May 1.
Nokia confirmed Rajeev Suri as its new president and CEO, a day after its former chief said Microsoft will seek to quickly phase out the Finnish company's brand from its future smartphones.
Now that Microsoft's $7.5 billion deal to buy Nokia's devices and services business has officially closed, Microsoft is starting to reveal some changes that are coming. One, according to Microsoft executive Stephen Elop, is that Microsoft does not plan on using the Nokia brand for much longer for Nokia's smartphones.
Rajeev Suri was again tipped to be named as Nokia's new CEO when the company reports first-quarter 2014 results on April 29, as the company also prepares to complete the sale of its devices business to Microsoft.
In his first quarterly conference call with investors as Microsoft's new CEO, Satya Nadella promised the company would work to innovate more quickly in an effort to redefine itself as a mobile-first, cloud-first company. Nadella also explained Microsoft's recent decision to eliminate licensing fees for Windows device makers that are building smartphones and tablets with screens smaller than nine inches.
Growth of international bandwidth is no longer just a traditional carrier's game, but increasingly a factor for content providers like Google, Microsoft and Facebook when expanding their internal networks.