Deutsche Telekom will de-list from the New York Stock Exchange late June to reduce complexity in financial reporting and administrative costs.
Ericsson is buying Nortel out of its LG-Nortel joint venture in South Korea. The Swedish firm will pay $242 million (€180 million) in cash for a majority stake in the venture, which has contracts with KT, LG Telecom, and SK Telecom, and will re-name it LG-Ericsson.
Qatar Telecom (Qtel) has chosen Nokia Siemens Networks to modernize its network and enhance capacity to boost mobile broadband data speeds and help it prepare for the launch of LTE.
Microsoft has launched an enterprise resource planning (ERP) solution for midsize businesses. Microsoft Dynamics GP 2010 features new role centres, out-of-the-box Web services, and 400 built-in Microsoft SQL server reporting services.
Google has renamed its Local Business Centre as Google Places, and added new features including simplified advertising, information on the area served by businesses, and customized QR codes that can be scanned by some smartphone models.
Yahoo’s first-quarter profit more than doubled due to a rebound in display advertising, while revenues increased just 1% due to a 14% drop in search-advertising revenues.
Juniper Networks is back in the black with a first quarter net profit of $163.12 million (€121.1 million), on 19% higher net revenues of $912.6 million.