Home › News ›

Telefonica, Sonera Give Up on 3G Venture

Article Comments

Jul 25, 2002, 11:08 AM by (staff)

Spanish mobile operator Telefonica today announced that it will write down approximately $5 billion related to 3G services, and suspend mobile operations in Germany. The primary asset involved is Group 3G, a joint venture between Telefonica and Finnish operator Sonera. Group 3G was established to launch 3G services, initially in Germany. Industry observers agree that the move signals an end to Telefonica's investment in 3G technology, which has cost the company $8 billion thus far. Sonera is also writing down its investment in Group 3G, as well as 3G-related investments in Italy. The moves are the result of increasing shareholder concern in Europe over the financial viability of 3G services.

Dow Jones »
AP (Yahoo! News) »

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

Samsung Galaxy A53 Coming to US in Two Weeks

Mar 17, 2022
Samsung today fleshed out more of its 2022 lineup of affordable Galaxy A-series phones. The new Galaxy A73, A53, and A33 are nearly identical in design and features, differing only in a few display and camera specs.

Sony Updates Flagship Phone With New Camera

May 11, 2023
Sony has announced the Xperia 1 V, a $1,400 flagship phone aimed at professional content creators. The design is a minor iteration of last year's Xperia 1 IV.

Apple Sues NSO Group for Spyware Targeting iPhones

Nov 24, 2021
Apple today filed a lawsuit against NSO Group to "hold it accountable for the surveillance and targeting of Apple users." Apple is also seeking a permanent injunction to ban NSO Group, an Israeli company, from using any Apple software, services, or devices.

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1