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    Qualcomm secures local investors for India LTE project - (Telecompaper) Qualcomm has signed up local investors for its Indian wireless broadband venture. The US-based chipmaker won spectrum in four regions of India last month and plans to roll out a LTE network. Global Holding Corp and Tulip Telecom have now agreed to become shareholders in the venture with 13 percent each, and Qualcomm at 74 percent, in line with Indian foreign investment rules. Tulip said it will pay INR 1.4 billion for its stake. Gl...
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    Alcatel-Lucent on rising trend in Q2, maintains outlook - (Telecompaper) Alcatel-Lucent reported EUR 3.81 billion of revenue in the second quarter, up 17.4 percent sequentially but down 2.4 percent compared to the year-earlier period. The group's adjusted gross margin came in a 36.1 percent for the quarter, versus 32.6 percent in the first quarter and 33.1 percent in the second quarter of 2009, driven by the product and geographic mix and the impact of fixed operations cost-cutting initiatives. Alcatel-...
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    Samsung mobile phone shipments up 22%, prices under pressure - (Telecompaper) Samsung Electronics announced second-quarter revenues of KRW 37.89 trillion, up 17 percent year-on-year. Operating profit rose 88 percent to KRW 5.01 trillion, and net profit improved to KRW 4.28 trillion from KRW 2.33 trillion a year ago. The results were in line with the company's earlier forecast, with growth driven by a recovery in its components and semiconductors business, helping to offset price pressure in consumer electron...
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    Softbank's Q1 sales boosted by mobile unit - (Telecompaper) Japanese communications provider Softbank saw its first quarter net sales grow over 5 percent while income dropped almost 30 percent. Net sales in the three months to June totalled JPY 700.84 billion, up 5.2 percent from JPY 666.33 billion in the year-ago period, reflecting steady sales at Softbank Mobile. Operating income went up 44.6 percent to JPY 156.60 billion, and ordinary income rose 61 percent to JPY 126.84 billion, driven ...
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    Docomo unveils LTE brand, corporate vision - (Telecompaper) Japanese mobile operator NTT Docomo has unveiled a new brand and logo for its upcoming LTE services and a new corporate vision. The LTE brand name is written "Xi" and read as "crossy." Docomo says the The 'X' denotes both 'connection' and 'infinite possibility', and the 'i' both 'individual user' and 'innovation'. Docomo's Xi LTE service, which is scheduled for launch in December, will offer downlinks of up to 75 Mbps. Initially, X...
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    Telecom NZ sells part of AAPT, stake in Macquarie Telecom - (Telecompaper) Telecom New Zealand will sell the consumer division of Australian unit AAPT to Australian ISP iiNet for AUD 60 million. The transaction is subject to iiNet shareholder and customary regulatory approvals. Telecom currently estimates the transaction will have a net negative impact on AAPT's FY 2011 EBITDA of around AUD 10 million. Telecom also announced that is has sold its 18.2 percent stake in iiNet to institutional and sophisticat...
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    Best Buy to use Clearwire network for Connect service - (Telecompaper) US retailer Best Buy has agreed to resell Clearwire's Wimax service as part of its recently launched Best Buy Connect mobile internet service. Best Buy will launch the service based on a wholesale deal with Clearwire in 2011. This is Clearwire's first wholesale agreement beyond those with its shareholders - Sprint, Bright House, Time Warner Cable and Comcast already sell the Wimax service under their own names. The Best Buy Connect...
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    India amends licences for network equipment security checks - (Telecompaper) The Indian government has issued changes to telecom operator licences requiring them to address security concenrs among their foreign network equipment suppliers. According to a report from the Economic Times, the government can impose penalties of up to 100 percent of the contract value if any spyware or malware is found in their imported equipment. International manufacturers who want to do business in India will have to deposit ...
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    Netia arranges new financing for potential acquisitions - (Telecompaper) Polish operator Netia signed a mandate letter with Rabobank Polska, Raiffeisen Bank Polska and BRE Bank regarding new financing for potential acquisitions and terminated the existing credit facility with Rabobank Polska, the lead arranger of the loan. Netia signed a mandate letter with Rabobank Polska, Raiffeisen Bank Polska and BRE Bank for arrangement of new financing for a potential market-consolidating acquisition within the te...
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    Renesas to target JPY 110 bln in cost reductions - (Telecompaper) Semiconductor maker Renesas Electronics unveiled a major restructuring plan aimed at cutting JPY 110 billion in costs and pushing the company to a 7-10 percent CAGR for chip sales over the period to March 2013. The company targets JPY 40 billion in savings to 2013 from completing integration of the NEC semiconductor activities. Another JPY 70 billion will come from changing its production strategy to rely more on outside foundries....
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    Moctezuma II Exhibit at Templo Mayor Museum - After a successful run at the British Museum, the Moctezuma II Time and Destiny of a Ruler exhibit is now on display at the Templo Mayor Museum in Mexico City ....
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    Mexico's Top Ten Honeymoon Destinations - Mexico is without a doubt an ideal honeymoon destination. There's great weather, delicious food and a wide selection of luxurious adult-only hotels and resorts. Whether you're a beach bum, a ...
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    Dengue Fever on the Rise in Mexico - Rainy season in Mexico brings with it a rise in the number of mosquitoes, and subsequently the diseases they may carry, such as malaria and dengue. Malaria in Mexico is ...
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    Free Things To Do in Mexico City - As one of the largest cities in the world, and one with a very long and rich history, Mexico City has something to offer all visitors, from archaeological ...
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    Scuba Diving at Media Luna - When we think about scuba diving in Mexico, what usually comes to mind is the reef off the Yucatan Peninsula, or other ocean diving adventures, but reader Rich Worfel submitted ...
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    Cancun Day Trips - Now a world renowned tourist resort receiving over thirty million visitors a year, it's difficult to believe that only 40 years ago Cancun was just a strip of forest flanked ...
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    Passport Fees to Rise - The cost of getting a passport will be increasing for U.S. citizens as of next week. The passport fee for first-time applicants will increase from $100 to $135. Renewals will ...
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    Review a Restaurant in Mexico - Mexican cuisine is possibly one of Mexico's most appealing attractions. An excellent meal can be one of the highlights of your trip. Have you had a memorable meal at a ...
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    July Festivals and Events - There are plenty of festivals taking place in Mexico in the month of July this year. Two of this month's most noteworthy happenings are the Guelaguetza festival in Oaxaca, and ...
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    5 Surprising Facts About Mexico - Here are a few things you probably didn't know about Mexico: Mexico is one of the top five countries in the world in terms of biodiversity. Because of its great variety ...
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