Recent financial results from telecom equipment manufacturers hint that an industry downturn may be coming.  Huawei and Nokia reported financial results last week.  Although both touted their positive achievements, the outlook is looking less rosy for them.  Just the week before, Ericsson had both poor results and a negative outlook.  The short term prospects for […]

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Earlier today, Sweden’s Ericsson’s reported a net loss in the period was 1 billion kronor ($120 million), a marked deterioration from last year’s equivalent of a 1.6 billion-kronor profit. Overall sales slumped 8 percent to 50 billion kronor. Investors were clearly taken off guard.  Shares finished down almost 17% on the Nasdaq. Ericsson blamed persistent […]

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Cogeco Communications Inc. announced that their Atlantic Broadband subsidiary has agreed to buy all of the cable systems operating under the MetroCast brand from Harron Communications. Cogeco/Atlantic Broadband will pay $1.4 billion for the assets, which will come via a combination of committed secured debt from two banks and a $315 million equity investment by […]

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