MegaFon blamed a near 30 per cent decline in net profit through 2014 on a significant drop in the value of the ruble, and predicted its earnings will remain weak through 2015 as a result of political tensions.
Ericsson will cut 2,200 jobs in Sweden, mainly in research and development (R&D) and its supply chain, as it seeks to slash costs and boost profitability. The vendor hinted at the job cuts in November, but at the time did not say how many employees would lose their jobs.
The combined consumer and enterprise worldwide wireless local area network (WLAN) market segments increased 7 per cent year-on-year in the fourth quarter of 2014.
Google, Amazon and Microsoft's ongoing movement into the cloud drove up fourth-quarter Ethernet switch revenues to what Dell'Oro Group says was an "all-time high," driving growth in both the data center and campus markets.
Longtime telecom executive Tony Melone, Verizon Communications' executive vice president of network, is retiring from the company.
CenturyLink's Industry Standards Program Manager Michael Fargano has been tapped by the Broadband Forum as its new Technical Committee Chair to spearhead the development of standards required for software defined virtualized networking in broadband networks.
Analysts at Wall Street financial firm New Street Research said that AT&T Mobility is preparing to begin building out a network running on its WCS spectrum licenses. The firm also said that AT&T likely will ramp up its spending on its network after several months of slower spending. Further, the firm said that Sprint is likely planning to announce a new network plan when the carrier reports its first-quarter results.
Executives at Mimosa Networks are encouraged by a recent letter a bipartisan group of Congressional leaders sent to the FCC urging the commission to explore spectrum-sharing opportunities in the 10 GHz band.
As expected, 5G was one of the major themes at last week's Mobile World Congress (MWC) trade show in Barcelona, Spain.
ZTE picked up a contract to deploy the second phase of state-owned Algerian operator Algérie Télécom's LTE network, nearly a year after the operator took a leading position in Africa with the launch of the first phase in its 4G rollout.