Qualcomm and Teleepoch
Enter Into a 3G CDMA Subscriber Unit License Agreement, October
6, 2007
MTN chooses Cambridge Broadband
Networks for multi-service wireless network in Rwanda, October 6,
2007
Brazilian government to
publish 3G bidding rules soon, October 6, 2007
KTF 3G service suffers
from technical problems, October 6, 2007
Argentina’s Personal
lunches 3G service in Rosario, October 6, 2007
Russia has it's first 3G
network, October 6, 2007
AT&T could drop Alcatel-Lucent
as 3G mobile network supplier, October 6, 2007
Enea Extends License Agreement
with ZTE for 3G Handsets, October 2, 2007
LG to unveil premium handsets
in Brazil, October 2, 2007
KTF 3G subscribers doubled
in less than 3 months, October 2, 2007
3G policy in India will
be non-uniform, October 2, 2007
- previous news
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£10.2 billion Loss for mmO2
May 21, 2003 - source: BWCS
The UK-based mobile phone operator mmO2 has, as expected, announced a
massive loss after writing down the value of its 3G mobile assets. The
company made losses of £10.2 billion in the year to the end of March,
the second largest annual loss in UK corporate history. £5.9 billion of
this was due to the value of 3G licences being written down, while a further
£3.7 billion was written down after mmO2 re-valued its other mobile assets.
Speaking to the BBC, mmO2’s chief executive, Peter Erskine, said: “We
have taken a realistic view of our asset value. I think there’s a general
understanding in the European telecoms market that we overpaid for 3G.
He continued on a more optimistic note: “3G will definitely succeed, it’s
just later than we expected.”
mmO2’s former parent company, BT, paid more than £4 billion for its 3G
licence in the UK three years ago. While operators were hoping for big
things from next-generation services, economic uncertainty, technical
setbacks and consumer indifference have all played their part in undermining
the new technology before it is even launched. mmO2, which was originally
expected to roll out its first commercial 3G services this year, has said
that consumers will now have to wait until at least next year before services
are launched.
The news was not all bad for the operator: revenues for the year rose
14% to £4.9 billion, and EBITDA stood at £859 million, up from £433 million
last year. mmO2 recently sold off its loss-making Dutch subsidiary for
just €25 million, and is also reported to be considering a sale of its
German mobile division. This will leave it with wholly owned cellular
operations in the UK and Ireland.
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3G Motorola A920
