Deutsche Telekom's 1st-quarter Profit Plunges 58% to $459 Million
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FRANKFURT, Germany - Deutsche Telekom AG, Europe's biggest telecommunications company, said Thursday that its first-quarter profit dropped 58 percent as more than half a million customers abandoned its fixed-line business in Germany in favor of cheaper rivals. The results came as services union ver.di said its membership had ...
Euro Carriers Suffer Profits Dip
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Europe's telecom operators have experienced a tough start to 2007, with a number of carriers all over Europe reporting a slump in profits for the first three months of the year. Increasing competition, pricing pressure, and operating cost issues have all played their parts in depressing the profit margins of a number of ...
Palm Adds Microsoft Push to Treo
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Palm is out with a new Treo for the Sprint network. It may look like some previous Palm Treos, but the new Treo 755p has some new wrinkles, including push e-mail via Microsoft Exchange servers and a built-in mapping application. The 755p, which Sprint expects to start selling by the end of the month for $279.99, is the ...
Telenor Gobbles Up Tele2's Danish Ops
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Sweden's Tele2 AB is selling all of its operations in Denmark to competitor Telenor, saying that, in the future, it wants to concentrate more on infrastructure-based operations. Telenor is paying a shade less than $151 million for the Tele2 unit, which at the end of last year had 75,000 broadband customers; 206,000 ...
Clearwire: The Big Spend
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Wireless broadband provider Clearwire LLC is spending big, growing fast, and losing money hand-over-fist in its bid to become one of the key WiMax players in the U.S. The Kirkland, Wash.-based firm, which is reporting its first quarterly results after its initial public offering, lost $92.6 million, or 64 cents a share, on ...
Motorola Settles with SEC for $25M Over Role in Adelphia's Inflated Earnings
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WASHINGTON - Cell phone maker Motorola Inc. has agreed to pay $25 million (euro 18.5 million) to settle federal complaints that it knew, or should have known Adelphia Communications Corp. misused a marketing agreement between the two companies to inflate its earnings. Adelphia paid money to ...
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