Alcatel bags $150 mn contract from Unitech Wireless

September 30th, 2009 Verizon discontinues 'Hub' touch screen home phoneNEW YORK — Verizon Wireless is pulling the "Hub," an Internet-connected home phone with an iPhone-like touch screen, after just eight months on the market. The carrier stopped selling the phone this week, but will continue to support ones already bought, Verizon Wireless spokeswoman Debra Lewis said Wednesday.

September 23rd, 2009 NEW DELHI - State-run upstream major Oil and Natural Gas Corp (ONGC) Wednesday said it has paid Rs.6,844 crore as dividend for 2008-09. ONGC shareholders approved a dividend payment of of Rs.14 a share, which along with the interim dividend of Rs.18 a share totals to Rs.32 a share.

August 18th, 2009 NEW DELHI - Unitech Wireless has secured a loan of Rs.5,000 crore (about $1 billion) from State Bank of India (SBI) to fund its mobile network rollout, the company said Tuesday. Unitech Wireless is a joint venture between Norwegian telecom giant Telenor and real estate major Unitech.

August 18th, 2009 NEW DELHI - The government Tuesday deferred foreign investment proposals of two telecom companies - Unitech Wireless (Tamil Nadu) and ByCell Telecommunication - citing security reasons. ByCell's proposal to start operations in India has been deferred due to security reasons, an official statement said.

August 11th, 2009 Nu Horizons named Alcatel-Lucent distributorNEW YORK — Nu Horizons Electronics Corp. said Tuesday that it has been named a master distributor in North America for Alcatel-Lucent telephony and networking solutions.

August 11th, 2009 Nu Horizons becomes an Alcatel-Lucent distributorNEW YORK — Nu Horizons Electronics Corp. said Tuesday that it has been named a master distributor for Alcatel-Lucent telephone and networking services in North America.

August 1st, 2009 NEW DELHI - Realty major Unitech Ltd's first quarter profit fell 63 percent from Rs.4.23 billion to Rs.1.58 billion due to the sluggish demand for housing. Net income fell to Rs.1.58 billion ($33 million) for the quarter ended June 30, from Rs.4.23 billion, the developer said in a statement.

July 30th, 2009 Alcatel-Lucent makes 1st profit since 2006 mergerPARIS — Alcatel-Lucent surprised its investors Thursday by posting its first profit since the company's creation in a trans-Atlantic merger in 2006, as gains on asset sales helped the telecommunications equipment maker's bottom line. The Paris-based company reported a net profit of euro14 million ($19.6 million) for the April through June period, compared to a net loss of euro1.1 billion a year earlier, when earnings were hit by a nearly billion-euro writedown on wireless technology assets.

July 23rd, 2009 Alcatel-Lucent details job cuts planPARIS — Alcatel-Lucent SA aims to cut 850 jobs in France as part of a plan to save several hundred million euros (dollars) this year, the company said Thursday. The telecommunications network equipment maker told French employees the job cuts would be made over this year and next.

May 20th, 2009 MUMBAI - Norway's Telenor has acquired another 15.5 percent stake in Unitech Wireless, the telecom arm of realty major Unitech, for Rs.1,130 crore (Rs.11.3 billion/$237 million), taking its shareholding in the Indian company to 49 percent, it was announced Wednesday. 'Unitech Wireless on May 19, 2009, received an amount of Rs.1,130 crore in aggregate from Telenor Asia Pte Ltd for acquisition of further 15.5 percent stake in Unitech Wireless by way of issuance of fresh shares,' the Indian telecom operator said in a regulatory statement.

May 5th, 2009 Alcatel-Lucent net loss widens in 1QPARIS — Alcatel-Lucent's net loss widened in the first quarter as sales of both wireless and wireline communications gear continued to fall in all major markets amid the global economic downturn. The world's third-largest supplier of wireless networking equipment for telecom operators and companies blamed tough market conditions and continued restructuring for the shortfall — its ninth consecutive quarterly loss since Alcatel-Lucent was created in 2006.

March 23rd, 2009 NEW DELHI - Shyam Sistema Teleservices (SSTS), the joint venture between telecom equipment manufacturer and service provider Shyam Group and Russian telecom major Sistema SSA, will launch CDMA mobile services in two telecom circles, the Chennai-Tamil Nadu circle and Kerala, by this month-end, industry sources said. The company will launch the service in Chennai-Tamil Nadu circle March 26, and most likely by March 30 in Kerala, the sources said.

March 17th, 2009 MUMBAI - Norwegian telecom major Telenor Tuesday said it will take 67.25 percent stake in Unitech Wireless, up from the previously stated 60 percent, for Rs.61.2 billion investment. 'While Telenor's initial investment under the agreement will continue to be the previously agreed Rs.61.2 billion ($1.2 billion), it has been agreed that Telenor, after this investment, would be holding 67.25 percent in Unitech Wireless,' Unitech said in a regulatory filing.

January 11th, 2009 NEW DELHI - Unitech Wireless, the telecom arm of real estate major Unitech Ltd., Monday said it has received 4.4 megahertz (MHz) of spectrum in the 1,800 MHz GSM band in the West Bengal telecom circle. With this, the company has been allotted initial spectrum in 21 service areas of India out of 22, a company statement said.

December 28th, 2008 NEW DELHI - Telecom operator Unitech Wireless, a subsidiary of real estate major Unitech, Monday said it has received 4.4 MHz of spectrum in the 1,800 MHz GSM bandwidth in four service areas. The company received spectrum in Assam for all districts except Dibrugarh, Jorhat and Kamrup, a company statement said.