A recent report has uncovered that the second-quarter core earnings of Telecom Austria (TELA. VI) have plunged by some 10%. The fall realized has come out to be a bit sharper than expected.

It is after more spending on subsidizing smartphones by the company so as to keep spendthrift customers that the fall has been experienced.

In more than four years, the biggest single-day gain has been noted by Telekom Austria AG (TKA). It is reportedly after the proposal of conquest of Royal KPN NV. (KPN) put forth by the Mexican billionaire's company.

As per recent reports, it has been unveiled that Telekom Austria Group has chosen Coriant's hiT 7300 to carry out certain improvement tasks with regard to converged fixed line and mobile services.

Telekom Austria is looking forward to takeovers in Croatia and Serbia. These takeovers could make the Telekom Austria the leading player in Balkans. Telekom Austria's chief executive told to a newspaper that they have the chance to become one of the biggest player in Southeast Europe, declining to rule out a capital increase.

According to a CNET report, AT&T has sold out of its initial stock of the HTC First handset, which was widely touted as the Facebook phone, but witnessed dismal sales.

The report said that AT&T Mobility CEO Ralph de la Vega has confirmed on Monday that the carrier had cleared out its initial inventory of the HTC First Facebook phone; and will not be ordering any more of those handsets.

Vodafone group is looking forward to acquire the German cable operator to expand its broadband and TV market. According to reports, Vodafone Group Plc approached Kabel Deutschland Holding AG to discuss the plans of acquiring the German cable operator.

In an official blog post on Sunday, June 9, bigwig US carrier AT&T announced its changed upgrade policy, under which the company has set a 24-month minimum term for the eligibility of its subscribers to receive upgrade pricing on all handsets or devices.

In spite of more than £5 billion turnover last year, Vodafone has not paid any UK corporation tax this year. This has happened for second year in a row as the company admitted not paying the tax in 2011-12 also.