First International Telecom (Fitel) has secured approval from the local Taiwan courts to prevent its creditors from seizing assets. Fitel, which is a PHS operator and WiMAX licensee for the northern part of Taiwan, made a request last week with the court for protection of its assets while it undergoes a corporate restructuring in an attempt to deal with its recent financial difficulties. Fitel fai...

First International Telecom (Fitel), a PHS mobile telecom service operator, has applied for a court-approved corporate restructuring plan in order to protect its assets while maintaining operations, follow the recent uncovering of the company's financial difficulties. Banks in Taiwan have continued to tighten Fitel's credit lines after the mobile service provider failed to honor checks worth NT$86...

White-label search firm Jumptap has laid off staff as part of a company restructuring. Mobile Entertainment is the leading community site for all professionals working within the international mobile content industry. We bring you the latest news, views and analysis from this fast moving entertainment sector, complementing our flagship monthly printed magazine and specialist events.

Verizon Wireless ranks highest in wireless customer care performance, according to a J.D. Power study. Verizon customers experienced the least amount of time on hold, followed by Alltel, T-Mobile and AT&T. Sprint was not mentioned and has been restructuring its support after developing a reputation for below-average service. Customers report that Verizon performed particularly well in reso...

Nortel Networks on Friday reported a wider second-quarter loss as restructuring costs mounted.

Sweden's LM Ericsson on Tuesday posted a 70 percent plunge in second-quarter profits, mainly citing recent acquisitions and high development and restructuring costs.

STMicroelectronics narrowed its losses in the second quarter as the chip maker recorded lower charges related to the spinoff of its flash memory division and other restructuring efforts.

As part of its restructuring, Chinese operator China Telecom will assume control of China Unicom's CDMA network and spend $4 billion to expand the network into rural areas rather than improving capacity or quality of service in existing markets. The news is certainly promising for CDMA infrastructure vendors such as Alcatel-Lucent. The company has been struggling with economic turmoil in the marke

[CN+] The restructuring of China's telecommunications industry will take about half a year, Vice Minister of Industry and Information Technology Xi Guohua said Thursday.

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