Comms chips

Euronews: Feb. 1

Infineon Technologies AG (NYSE/Frankfurt: IFX), ARM Ltd. and Mobile TeleSystems OJSC (MTS) (NYSE: MBT) make the early running in today's whizz through the Euro telecom news headlines.

  • German chipmaker Infineon, which closed the sale of its Wireless Solutions unit to Intel on Monday, reported net income down sequentially but well up year-on-year in its fiscal 2011 first-quarter results, rising from €65 million (US$89.2 million) in the three months to Dec. 31 2009 to €232 million ($318.7 million) in the equivalent period in 2010. (See Infineon Reports Fiscal Q1, Intel Closes Infineon Deal, Intel Looks to Infineon for the Full SOC and Intel 's LTE Bonus .)
  • The surge of smart phones in general and the iPhone in particular has done wonders for U.K.-based chip-maker ARM, which revealed fourth-quarter revenues up 34 percent year-on-year to £113.9 million (US$179.6 million), yielding pre-tax profits up 47 percent year-on-year to £47.6 million ($76.7 million). (See ARM Reports Q4, Full Year.)

  • Russian mobile giant MTS is in talks with the heads of unnamed foreign mobile operators with a view to a possible merger, according to the CEO of its parent company, AFK Systema, reports RIA Novosti. MTS has more than 108 million subscribers spread across parts of the former Soviet bloc. (See Euronews: Jan. 14.)

  • On the EMEA front, Reuters reports that Saudi Saudi Prince Talal bin Alwaleed's investment firm is talking to banks regarding a potential takeover of Zain Group 's Saudi assets. Zain, based in Kuwait, is currently the target of a $12 billion takeover bid from rival Middle Eastern carrier Etisalat . (See Etisalat Extends Zain Talks.)

  • Alcatel-Lucent (NYSE: ALU) has made two significant new appointments at its U.K. and Ireland operation: Lucy Dimes joins as CEO from BT Group plc (NYSE: BT; London: BTA), where she was managing director of Group & Openreach Service Operations at BT Operate; and Sir Christopher Bland, familiar to many as a former chairman of the British Broadcasting Corp. (BBC) as well as BT, joins as non-executive chairman. (See AlcaLu Appoints UK Execs.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Be the first to post a comment regarding this story.
    Sign In