AT&T profit higher than estimated
AT&T Inc posted a smaller-than-expected drop in quarterly profit as strong sales of Apple Inc's iPhone helped boost wireless subscriber growth. Some analysts are concerned that the company's dependence on the iPhone for much of its growth raised concerns about what would happen if it lost its exclusive rights to sell the phone in the U.S. Read Full Article here.
South Korea fines Qualcomm $208 million in anti-trust case
South Korea's anti-trust agency issued a $208 million fine on Qualcomm Inc and ordered the U.S. wireless chip and technology company to stop discriminating against companies using competitor's products. Read Full Article here.
Ericsson in bid for Nortel wireless assets
Swedish telecom equipment maker Ericsson is bidding for Nortel's mobile network division. Read Full Article here.