Willcom to tie up with China telecom giant: report
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Japanese mobile provider Willcom Inc. will forge a tie-up with China Network Communications Group to expand its low-cost phone business in Asia, a report said Sunday.
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The deal follows Alcatel&#039;s April plan to acquire Lucent  Technologies Inc. to create the world&#039;s top telecoms gear maker  by annual sales, and comes years after Wall Street analysts  have called for mergers in the crowed sector.
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Broadcom Corp. and Verizon Wireless Inc. have reached a deal that will allow Verizon to continue importing and selling mobile handsets that are at the center of an ongoing legal battle between Broadcom and Qualcomm Inc.
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Ericsson said Friday that it received contracts to build wireless communications networks in China and South Africa. China Telecom Corp.
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China GrenTech Corp. Ltd.   said it won a bid to supply wireless network equipment to China  Mobile , the world's largest mobile phone operator,  for next year's Olympic Games, sending the Chinese wireless  services company's shares up.
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China may dish out its first 3G  license as early as this month, a senior industry executive  said on Tuesday, as China Telecom and Netcom soared on hopes  that Beijing would finally take the leap after three years of  false starts.
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China&#39;s biggest computer maker says it is in acquisition talks with a major information technology company following a newspaper report that it might buy IBM&#39;s personal computer business.
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A deal for Bain Capital Partners and China&#39;s Huawei Technologies to buy 3Com is on hold because the companies were unable to come to agreement with the U.S. Committee on Foreign Investment in the United States (CFIUS) about&#160;security concerns.The three companies have withdrawn their joint filing with CFIUS, although they remain committed to continued discussions, they announced Wednesday.The proposed $2.2 billion deal, announced in September, raised security concerns because of networking giant Huawei&#39;s close ties with the Chinese government. Under the proposed deal, Bain would have gotten an 83.5 percent stake in 3Com and Chinese networking giant Huawei Technologies would have gotten the remaining piece. CFIUS, part of the U.S. Department of Treasury, is investigating whether the investment by Huawei poses a risk to U.S. national security after Bain voluntarily submitted the deal for review in October.&quot;We are very disappointed that we were unable to reach a mitigation agreement with CFIUS for this transaction,&quot; Edgar Masri, president and CEO of 3Com, said in a statement. &quot;While we work closely with Bain Capital Partners and Huawei to construct alternatives that would address CFIUS&#39; concerns, we will continue to execute our strategy to build a global networking leader.&quot;Among the critics of the deal was U.S. Representative Thaddeus McCotter, a Michigan Republican. Huawei&#39;s stake in 3Com, which markets intrusion detection systems, would &quot;gravely compromise&quot; U.S. national security, he said in a House floor speech in October. The U.S. Department of Defense uses 3Com intrusion detection products, and Chinese hackers have targeted the agency, McCotter said.The companies had argued that Bain Capital, based in Boston, would have a controlling interest in 3Com. &quot;Bain Capital will be able to make all operational decisions for the company, to set budgets, to spend money, to make investments, and to hire and fire personnel,&quot; 3Com said in an October filing with the U.S. Securities and Exchange Commission. &quot;Huawei will not have any control over the operation of the business.&quot;
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Telecom executives are excited by the potential for 3G cellular networks in China, but the country wonÂt say which technology it will use or who will get licenses.
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InfoWorld - Texas Instruments, the world&#39;s largest maker of mobile phone chips, plans to work more closely with its Asian contract chip manufacturing partners to develop new production technologies, a company spokeswoman confirmed.
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The tie-up with Wipro is one of a number of systems-integration partnerships that Ingres plans with Indian outsourcers, an executive says.
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Verizon Communications Inc. said on Monday it and five Asian partners will build a $500 million high-speed optical cable linking the United States and China in a bid to benefit from burgeoning Internet activity in China.
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South Korea's top mobile carrier SK Telecom said it has agreed with the Chinese government to cooperate in developing third-generation (3G) mobile technologies.
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HONG KONG (Dow Jones)--UK-based conglomerate Virgin Group Ltd. (VGN.YY) is in talks with a Chinese telecom company to set up a 50-50 joint venture to provide mobile phone services in China, Virgin Group Chairman Richard Branson said Tuesday.
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The world&#39;s top telecom equipment makers may have to settle for just a fraction of the multibillion-dollar orders they had expected when China builds its next-generation mobile phone networks.
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Networking equipment vendor 3Com Corp. is counting on low labor costs in China to help the company earn better margins on its products and compete against rivals like Cisco Systems Inc., the company's chief executive officer said Wednesday.
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Chinese manufacturer ZTE may supply Sprint with handsets for upcoming high-speed WiMax.