Telecom New Zealand has reported a 20% slide in full-year profit to NZ$382 million ($269.9m), during what CEO Paul Reynolds called “a year of further recessionary and regulatory impacts.”
RIM is seeking to buy a mobile advertising network, sources told the Wall Street Journal. The handset maker has held talks with US-based Millennial Media over a potential acquisition, but progress has stalled, the sources said.
PCCW has reportedly hired four banks to help it sell $500 million worth of 5.5 year bonds – an increase of $200 million on its initial offer, sources said.
South Africa's MTNincreased its profit 21% in the first half, helping it to issue an interim dividend for the first time.