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Japan's KDDI has reported a 4.8% increase in Q3 profit to 68.19 billion yen ($896.6 million), but has maintained its forecast of a 2% decrease in profit for the full year.

Staff writer
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Nokia swung to a pre-tax loss of €151 million ($207.9 million) in the third quarter, as lower sales in its devices and navigation businesses offset growth at its Nokia-Siemens infrastructure joint venture.
 
The vendor’s net income fell from a profit of €322 million in 3Q10 as revenue from its devices and services division fell by a quarter year-on-y

Michael Carroll
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Ericsson achieved a marginal rise in net profit during 3Q11 on the back of a 17% rise in sales year-on-year, however cash flow was hit by its under-performing joint ventures.
 
The vendor grew net income 6% to 3.8 billion Swedish krona ($573.7 million) on the back of high demand for mobile broadband kit and increased service revenues.

Michael Carroll
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Apple endured mixed fortunes this week, with record iPhone 4S sales offset by lower than expected earnings for the third quarter.

Staff writer
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Both Juniper Networks and Infinera reported their third quarter 2011 earnings after the market closed today.

Rob Powell/Telecom Ramblings

Famed UK motoring journalist Jeremy Clarkson once commented that every prediction he made turned out to be wrong.

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Michael Carroll
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Norway's Telenor has refused to fork out the $400 million demanded in a tax bill from the Bangladeshi government, arising from a dispute covering subsidiary Grameenphone's revenue

Staff writer

There’s a lot of mixed messages surrounding social media this week, with Gartner predictions of a ten billion dollar industry being offset by reports of a 60% drop in users of Google+.

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Michael Carroll
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Italy’s recent 4G spectrum auction and the country’s perilous financial state is taking its toll on operators, with Fitch Ratings cutting its outlook on Wind and Telecom Italia.
 
Wind is a victim of its own success in the 4G auction.

Michael Carroll
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Credit ratings firm Fitch is backing Ericsson to exit its handset joint venture with Sony to alleviate concerns over future funding of the business.
 
The agency notes that Ericsson has already increased debt guarantees from 1.1 billion Swedish krona ($165.1 million) to 2.1 billion krona this year, and faces the prospect of further rises if the handset business cont

Michael Carroll