After swinging to a June-quarter loss, Sony slashed its forecast for the financial year ending in March by 20 billion yen ($257.1 million) to 60 billion yen. It had been a rough quarter for Sony, with quake costs, the PSN shutdown and forex losses all cutting into earnings.
US 4G startup LightSquared has signed a long-anticipated LTE network sharing deal with Sprint Nextel. The agreement will see LightSquared pay Sprint $9 billion for equipment and spectrum hosting as well as credits to purchase up to 45% of LightSquared's spectrum capacity.
It's official: Vodafone is finally in for another payday from its Verizon Wireless venture. The Verizon-Vodafone joint venture announced it will pay out a $10 billion dividend to its parents early next year – its first dividend payout since 2005 – with Vodafone to receive $4.5 billion.
Logitech has slashed the price of internet-enabled Google TVs from $249 to $99, after revealing that more people are returning the sets than buying them.
France Telecom is considering selling off its Swiss, Austrian and Portuguese units, assets which together could be worth as much as €2 billion ($2.86 billion). The company just missed analysts' forecasts with its Q2 results.
Mexico's Nextel will borrow $375 million from the China Development Bank to purchase 3G network equipment from Huawei.
Korea's KT has confirmed it will cut rates in response to rival SK Telecom's discounts and regulatory pressure, but did not yet reveal the scope.
US White House officials used a Twitter account to rickroll a tweeter complaining about a discussion on policy issues being boring.
- Webwire: Nokia talks job cuts in April; Vod to keep VZW stake
- Webwire: SK telcos fined for price fixing; Sprint splits with LightSquared
- Webwire: Apple may unveil iPad 3 Mar 7; Sistema threatens India arbitration
- Webwire: India telcos want two-stage 2G auction; LightSquared investors sue
- Webwire: iPad 3 may launch in Mar; Bharti shares fall on profit drop