India will launch auctions on Jan. 14 to allot radio bandwidth for third-generation, or 3G, telecommunications services.
The government will hold a separate bandwidth auction for broadband wireless access, a document on the Department of Telecommunications Web site said Saturday.
In the early years of the Internet, the more time people spent online, the more they paid a provider like AOL for their connection. But as customers have shifted to always-on broadband services, many Web surfers have enjoyed all-you-can-eat Internet for a flat rate.
Top U.S. telecommunications executives Thursday gave a mixed outlook on the economy, saying business conditions have stabilized but they don’t see signs of a quick recovery.
The telecom industry has been relatively shielded from the worst effects of the downturn thanks to the growing need for wireless and Internet services. But it isn’t completely immune, as carriers face continued landline losses, weak demand from businesses and pricing pressure in wireless.
Spending on telecommunications equipment has apparently slowed down in anticipation of pending details on a piece of the government stimulus that will provide incentives for building out the nation’s broadband network, according to Avi Cohen, head of research at Avian Securities.
When AT&T grudgingly agreed to break itself up 25 years ago, it was seen as a truly momentous event in the history of the telecommunications industry. Today, however, some experts question not only whether the breakup of AT&T was necessary, but whether it even had any long-term impact on the telecom market.
Yeah, it’s silly season, all right.
At a press conference this morning, a top aide to GOP presidential nominee John McCain was asked about the candidate’s computer illiteracy, the subject of a recent attack ad by the Obama campaign.
Half-a-billion dollar (market cap) telecommunications provider Cogent Communications (CCOI) this morning reported second-quarter sales and a net loss that missed estimates slightly, and also cut its outlook for the current quarter and the year, which has sent its stock tumbling by $3.80, or 34 percent, to $7.42.
Ericsson (ERIC) shares are down sharply in early trading after the company reported disappointing Q2 results. As Marketwatch notes, profits of 1.9 billion Swedish kronor came in below the Street consensus of 2.94 billion, while revenue of 48.5 billion kronor were about in line.
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