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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MobilCom writes off billions in 3G investments
November 28, 2002
German telecom firm MobilCom has written off billions of euros
of investment in 3G mobile networks. A total of €9.9 billion was
wrote down, but the firm said some €7.1 billion would be taken on
by France Telecom, which has a 28.5% share in the German operator.
So the net write-down for MobilCom would be €2.8bn, the company
said.
The write down came as the operator reported a net loss of €2.86
billion in the third quarter.
Mobilcom was on the verge of insolvency when France Telecom stopped
funding the company in September.
France Telecom agreed last week to assume and forgive MobilCom's
debt, settling a bitter feud over funding. The company will cover
€4.8 billion in MobilCom's bank loans, €1.2 billion in vendor financing
and €1 billion of shareholder loans.
Under the deal, France Telecom will also pay up to €580 million
to cover MobilCom's costs for winding down its 3G investment plans.
In turn, the French will receive 90% of all proceeds MobilCom might
receive in selling its 3G assets.
Even so, MobilCom has no plans to sell it 3G license, costing €8.4
billion.
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3G Motorola A920
