Verizon Tops 11 Million LTE Subs, 12% of its Postpaid Base

Verizon reported strong Q2 performance, including the addition of over 2.5 million LTE subscriptions and significant increases in operating cash flow. Verizon Wireless generated record-high margins and strong operational results, and Verizon's Wireline segment generated continued increases in revenues from FiOS fiber-optic services and strategic business services.  Verizon's total operating revenues were $28.6 billion on a consolidated basis,...

Read More

China Mobile Hong Kong Picks Ericsson for TD-LTE

China Mobile Hong Kong has selected Ericsson to expand their commercial LTE network with TD-LTE in Hong Kong. Ericsson is already the sole supplier for China Mobile Hong Kong's LTE FDD network. Ericsson will also upgrade the operator's existing Evolved Packet Core (EPC) network. Financial terms were not disclosed.China Mobile Hong Kong's FDD LTE mobile data service launched in April. The carrier now plans to launch a TD-LTE network to complementing...

Read More

FCC's Measuring Broadband Performance Sees Improvements

There have been measurable improvements by ISPs in meeting their advertised speeds, according to a new Report on Consumer Wireline Broadband Performance in the U.S. that was issued by the FCC.<> ISPs generally achieved these gains by improvements in network performance, and not downward adjustments to the speed tiers offered. There was also a significant increase in the actual average speed delivered by participating ISPs to their customers...

Read More

Nokia Sales Fall 5% Sequentially, 26% YoY

Nokia posted dismal Q2 results, as sales of devices and services fell 5 percent sequentially and 26 percent year over year. Gross margin in Q2 was 18.1 percent, down 630 basis points sequentially primarily due to the recognition of approximately 220 million EURO of inventory related allowances in Smart Devices. Overall net sales for the company totaled 7,542 million Euros and there was a net loss of 826 million Euros. Sales of devices in all geographic...

Read More

NSN Sees Improvements in Q2

Nokia Siemens Networks returned to non-IFRS operating profitability in Q2 as the company saw financial improvement resulting from its restructuring program.In Q2 2012, net sales of Nokia Siemens Networks decreased 8% to EUR 3,343 million. Gross profit in Nokia Siemens Networks was EUR 833 million (gross profit EUR 967 million), representing a gross margin of 24.9% (26.6%).The company said the decline in net sales in the second quarter 2012 was...

Read More

Zayo Builds in Denver

Zayo is undertaking a 521-mile fiber build in the greater Denver area. The fiber build will span the Front Range, encompassing the cities of Fort Collins, Greeley, Loveland, Longmont, Boulder, Colorado Springs, and the larger Denver metro area. Zayo said the investment will bolster its presence in the central business districts of Denver and Colorado Springs.Adding this network expansion to the existing Zayo and AboveNet assets, Zayo will have 900...

Read More

Palo Alto Networks Prices its IPO at $42

Palo Alto Networks announced the initial public offering of 6,200,000 shares of its common stock at a price to the public of $42.00 per share.Goldman, Sachs & Co., and Citigroup Global Markets, Inc. are acting as lead joint book-running managers for the offering, and Credit Suisse, Barclays, UBS Securities LLC, and Raymond James & Associates, Inc. are acting as book-running managers for the offering.The company's will trade on NYSE: PANW...

Read More

ADVA Reports Q2 Profitability Above Guidance

ADVA Optical Networking reported Q2 revenues at a record high of EUR 85.9 million, up 10.3% vs. EUR 77.8 million in Q2 2011 and up 5.2% vs. EUR 81.7 million achieved in Q1 2012. This result is at the upper end of guidance of between EUR 81 million and EUR 86 million.The company posted IFRS pro forma operating income, excluding stock-based compensation and amortization & impairment of goodwill & acquisition-related intangible assets, of EUR 6.8 million or 8.0% of revenues in Q2 2012, above guidance of between 3% and 7% of revenues."We are...

Read More

Ericsson's Q2 Sees Decline in Network Sales, Growth in Global Services

Ericsson's Q2 Sales increased 1% YoY and 9% QoQ to SEK 55.3 billion, although sales for comparable units, adjusted for FX and hedging, decreased -6% YoY. Gross margin was down YoY to 32.0% (37.8%), and from 33.3% QoQ. Net income decreased to SEK 1.2 (3.2) b. due to lower profitability in Networks and increased loss in ST-Ericsson. EPS diluted was SEK 0.34 (0.96). EPS Non-IFRS, excluding restructuring, was SEK 0.78 (1.60).“In the quarter, demand for...

Read More