Tag Archives: blackberry

T-Mobile pulls Blackberry phones from US stores

T-Mobile US is to withdraw BlackBerry smartphones from sale in its stores, following a lack of demand. The telco, which is the fourth largest wireless service provider in America, says that it will instead ship the phones directly to customers. Keep stock in the retail distribution system was inefficient,” T-Mobile …

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Blackberry agrees $4.75bn acquisition

Financial services firm and existing Blackberry shareholder Fairfax has agreed to acquire the struggling phone company. The news followsBlackBerry’s loss of up to $995 million in its fiscal Q2 and plans to fire 4,500 employees. Its Canadian counterpart, who owns around ten per cent of its shares, has bought the …

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Blackberry axing 4,500 jobs

A catastrophic loss of nearly $1bn has forced Blackberry – formerly RIM – to announce the axing of 4,500 jobs. The poor performance of its Z10 smartphone is one of the biggest factors in the numbers, which have seen it predict quarterly losses of $995m. Around 40 per cent of …

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Blackberry admits that it might have to sell itself

After what can only be described as a very tough year so far, Blackberry has finally admitted that the end may be close. In a press release announcing the exploration of strategic alternatives”, the company admits that it is considering possible joint ventures, strategic partnerships or alliances, a sale of …

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