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$1 billion

China becomes first country to reach 1 billion mobile subscribers

March 2nd, 2012

China, the world’s most populous nation, is the first country in the world to reach 1 billion mobile subscribers. According to the country’s Ministry of Industry and Information Technology, mobile phone subscriptions in China had reached 997 million by late February, and were expected reach one billion by the end of the month, AllThingsD reported. In 2007, …

T-Mobile and AT&T apply for $1 billion spectrum transfer with FCC

January 23rd, 2012

T-Mobile and AT&T have filed with the Federal Communications Commission to transfer $1 billion worth of AT&T’s AWS spectrum into T-Mobile USA’s ownership. AT&T previously promised the spectrum to Deutsche Telekom in the event that its bid to acquire T-Mobile USA failed. “This additional spectrum will help meet the growing demand for wireless broadband services,” Tom Sugrue, T-Mobile’s …

Apple may invest $1 billion in Sharp LCD factory for iPhone, iPad displays

August 17th, 2011

Apple may invest $1 billion in a Sharp LCD factory to ensure adequate production of screens for its iPhone and iPad, according to MF Global FXA Securities analyst David Rubenstein. Apple typically buys its LCD displays from Samsung, LG and Chimei Innolux, although recent reports have suggested the iPhone maker has boosted its orders with …

Cisco to cut 6,500 jobs to boost profits

July 20th, 2011

Cisco announced on Tuesday that it will layoff 9% of its workforce, or 6,500 jobs, in an effort to boost profits. That figure is lower than original speculation that the company would cut 10,000 employees. Cisco made the move as part of an effort to cut $1 billion in annual costs while spurring profit growth, …

Apple, RIM win big as ITC reverses earlier decision in Kodak patent case

June 30th, 2011

The International Trade Commission on Thursday reversed an earlier decision in a patent case that could cost camera maker Kodak hundreds of millions of dollars from Apple and RIM. Kodak had filed suit against both firms, claiming that their mobile devices infringed on multiple patents owned by the Rochester, NY-based company. An initial ruling in …

Sprint to pay Clearwire $1 billion in 4G fees through 2012

April 19th, 2011

Sprint, which owns the majority stake of Clearwire, has agreed to pay the company at least $1 billion through 2012 for fees associated with the use of its 4G WiMAX network. Sprint and Clearwire entered arbitration late last year after Sprint argued that it shouldn’t have to pay a fee for 4G handsets that exist …

ITC may reopen Kodak’s $1 billion patent suit against Apple, RIM

March 25th, 2011

The International Trade Commission is set to determine at 5:00 p.m. EDT today whether or not it will review the decision in a patent infringement suit filed against Apple and RIM by Kodak last year. A federal judge ruled in January that Apple’s iPhone and RIM’s BlackBerry smartphones did not infringe on Kodak patents, as …

Microsoft paid more than $1 billion to keep Nokia away from Android?

March 7th, 2011

According to a report filed by Bloomberg, Windows Phone maker Microsoft will pay Finnish handset manufacturer Nokia more than $1 billion as part of the two companies “smartphone software agreement.” The publication cites “two people with knowledge of the terms,” and goes on to note that Nokia will be responsible for paying Microsoft a “fee …

Mobile broadband to reach 1 billion users in 2011

January 12th, 2011

We are moving towards a more wireless world and Ericsson, the world’s largest manufacturer of mobile network equipment, has reaffirmed that fact with some cold, hard statistics. “During the course of 2010, a significant milestone in terms of mobile broadband subscriptions was reached as their number surpassed the half-a-billion mark globally,” said Ericsson. The company …