Webwire: HTC Q3 net falls 79%; Ruckus Wireless plans IPO

Staff writer
telecomasia.net
HTC has reported a 79% slump in Q3 profit to TW$3.9 billion ($133.2 million) – its lowest quarterly profit since 2006 – due to stiff competition from Samsung and other smartphone vendors.
 
US Wi-Fi equipment vendor Ruckus Wireless plans to conduct an IPO to raise up to $100 million. The company had a net profit of $24.4 million in 1H12, from revenue of $93.9 million.
 
Malaysia's Axiata is weighing the possibility of expanding into Myanmar, preferably in partnership with local companies, but hasn't yet made the decision to invest.
 
The Indian government has ordered all government departments and agencies to ensure that at least half the telecom equipment they procure is manufactured in India. Sources say similar rules could still be extended to the nation's operators.
 
KDDI has registered a threefold increase in net customer additions for the month of September, attributing the popularity of Apple's new iPhone 5 smartphone.
 
Nokia's chief of smartphone marketing has stepped down after 15 years at the company, one month after the company provoked controversy over misleading advertising material for the new camera technology in its latest Lumia models.
 
US regulator FCC plans to auction 300 MHz of new wireless spectrum by 2015, to address the expected shortage among the nation's mobile operators as wireless data demands swell.
 
An automated DMCA takedown notice generated by Microsoft mistakenly requested that Google remove content from the BBC, CNN, Huffington Post, Tech Crunch and other media companies from its search index - despite the content being legitimate and often having nothing to do with Microsoft.

 

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