Telecom news

• Sony backs off smartphones and posts a profit

  29-07-2016 16:21
  
  Sony has released its quarterly results reporting a profit of $205 million on revenues of $15.6 billion, in a quarter which proved to be of mixed fortunes.
  Year-on-year both revenues and profits were down for the period, 11% and 74% respectively, though the team did decrease its exposure in the smartphone market, saw the negative impact of the foreign exchange market, as well as an earthquake which disrupted operations at one of its manufacturing plants. The last couple of quarters have been a c
  
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• Microsoft to cut a further 2,850 as it continues to distance itself from Nokia

  29-07-2016 15:42
  Microsoft has announced it will reduce its headcount by a further 2,850 by the end of 2017, as it continues to distance itself from the less-than-successful Nokia acquisition.
  The announcement, which was made through a 10-K filing, follows up 1,850 positions being removed in May. After flirting with the world of mobile, the Microsoft team announced in July last year it would be removing 7,400 positions relating to the phone hardware business, as well as taking a $7.6 billion write-down related t
  
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• AWS earnings confirm breaking the $10 billion barrier is a very realistic possibility

  29-07-2016 12:48
  
  AWS has continued its promising progress towards breaking the $10 billion barrier, after reporting revenues of $5.4 billion for the first six months of 2016, a boost of 60% from the same period last year.
  Speaking during its Q1 earnings call in April, Amazon CFO Brian Olsavsky highlighted there was a very realistic chance the AWS business would exceed $10 billion in annual revenues, becoming the first cloud infrastructure company to do so. After another quarter of healthy growth, revenues were u
  
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• Prysmian Strengthens Its Submarine Cable Installation Capability

  29-07-2016 12:46
  
  The Group’s Third And Newest Vessel “Ulisse” Now Ready For Operation First Project To Be Executed In The PhilippinesMilan, 29 July 2016 - Prysmian Group, world leader in the energy and telecom cable systems industry, announces today the readiness of its new cable lay vessel, named Ulisse, for offshore cable installation operations, following an investment of over 20 million Euros. The Group can now rely on a fleet of three world class vessels - Giulio...Source: RealWire
  
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• Exclusive: Orange CFO says the future’s bright for Africa

  29-07-2016 12:26
  
  Hailing back to its most famous marketing slogan, the CFO of Orange told Telecoms.com its plans for future 4G and fibre rollouts across Africa, saying the future’s bright in Africa, and continent.
  In an interview with Telecoms.com, Ramon Fernandez, the French telco’s Chief Finance and Strategy Officer, said it is expecting to complete 4G roll outs in all of its African markets by 2018. Fernandez believes that Africa’s rapidly evolving technology landscape and growing middle cla
  
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• The Smart home: Is this is as good as it gets?

  29-07-2016 11:45
  
  Telecoms.com periodically invites expert third parties to share their views on the industry’s most pressing issues. In this piece Dean Anthony Gratton gives his view on the hype surrounding IoT and the smart home
  The smart or connected home is a notion that has been bouncing around in our noggins since the 1960s according to a former, yet more mature and shall remain unnamed colleague, who can remember such times, as a young adult. Ha! Me, you ask? I wasn’t even born!
  Who needs
  
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• Fibre and autonomous cars cost Google, but ad biz runs riot

  29-07-2016 11:35
  
  Google has reported its Q2 numbers, continuing a strong run of performances within the technology industry, though efforts to diversify its overall business are not paying off just yet.
  The Alphabet brand was announced last year, with aim of allowing the team to invest in other projects more freely, without being impeded by the advertising business. It would appear the management team are not afraid to throw R&D money at its innovation team as it searches for another billion-dollar business,
  
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• Telecom Italia under pressure as Enel stirs up a hornet's nest

  29-07-2016 02:00
  
  Italian incumbent upgrades domestic guidance but will have to gear up for battle in both fixed and mobile markets.
  
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• Smartphone market bottomed out in 1H – analysts

  29-07-2016 02:00
  
  Strategy Analytics sees improving trend in second half of year after smartphone shipment growth of just 1% in Q2, names China's OPPO as rising star.
  
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• Global smartphone market flat in Q2

  29-07-2016 02:00
  
  343.3 million units were shipped in three months to 30 June, says IDC; Apple's market share slips.
  
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• Former Orange exec joins Vodafone as AMAP head

  29-07-2016 02:00
  
  Vivek Badrinath to take charge of telco's Africa, Middle East and Asia-Pacific operations as Serpil Timuray becomes strategy chief.
  
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• Enel succeeds in acquiring Metroweb

  29-07-2016 02:00
  Italian utility seals €714 million deal; raises five-year fibre rollout, investment targets.
  
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• Bharti's participation in spectrum auction in doubt

  29-07-2016 02:00
  
  India's biggest mobile operator says it has no great need for additional spectrum, raising questions over sum government will generate from September's auction.
  
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• America Movil Q2 revenue rises on currency fluctuation

  29-07-2016 02:00
  
  Mexico-based telco group cuts Telekom Austria stake; complains of aggressive competition in home market.
  
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• Alphabet Q2 revenue jumps 21%

  29-07-2016 02:00
  Google's advertising revenues surge to $19 billion, 'Other Bets' business reports bigger operating loss.
  
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