Telecom news

• Alphabet profit falls in Q2 after USD 2.7 bln fine from EU

  24-07-2017 23:15 via feedproxy.google.com
  (Telecompaper) Alphabet, the parent company of Google, reported a drop in second-quarter net profit, hurt by the competition fine of USD 2.7 billion imposed on the company by the European Commission. In a rare occurrence for the company since it went public, net profit fell to USD 3.524 billion or USD 5.01 per share from USD 4.877 billion or USD 7.00 per share a year earlier. Excluding the fine, net profit was still up, at USD 6.260 billion, according to adjusted figures presented by Alphabet.
  
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• Democrats are slamming cable and telecom companies in their new ... - Washington Post

  24-07-2017 21:15 via washingtonpost.com
  Washington Post
  Democrats are slamming cable and telecom companies in their new ...
  Washington Post
  Democrats are taking cable and telecom companies to task over what many consumers have long bemoaned: rising prices and a lack of competition in the ...and more »
  
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• Democrats are slamming cable and telecom companies in their new 'Better Deal' platform - Washington Post

  24-07-2017 21:15 via washingtonpost.com
  Washington Post
  Democrats are slamming cable and telecom companies in their new 'Better Deal' platform
  Washington Post
  Democrats are taking cable and telecom companies to task over what many consumers have long bemoaned: rising prices and a lack of competition in the industry. According to a broad economic agenda that Democratic leaders announced Monday in ...
  Chuck Schumer: A Better Deal for American WorkersNew York Times
  Trump had 'The Art of the Deal.' Now Democrats say their economic a
  
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• DoT, Finance Ministry to ease burden of debt-laden telecom sector - Economic Times

  24-07-2017 20:01 via economictimes.indiatimes.com
  Economic Times
  DoT, Finance Ministry to ease burden of debt-laden telecom sector
  Economic Times
  NEW DELHI: The Department of Telecommunications (DoT) and the finance ministry have broadly agreed on relief measures for the debt-laden telecom sector that may include nearly doubling the deferred payment period for spectrum bought in auctions and ...and more »
  
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• Moelis Sees Active Telecom Dealmaking as China Mergers Stall ... - Bloomberg

  24-07-2017 19:56 via bloomberg.com
  Bloomberg
  Moelis Sees Active Telecom Dealmaking as China Mergers Stall ...
  Bloomberg
  Navid Mahmoodzadegan, co-president and co-founder at Moelis & Company, explains why he remains bullish on China M&A, despite a decline in activity.and more »
  
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• Get The Best Canadian Telecom Yielding Over 4% - Seeking Alpha

  24-07-2017 17:58 via seekingalpha.com
  Get The Best Canadian Telecom Yielding Over 4%
  Seeking Alpha
  In my opinion, there are two very interesting sectors for dividend growth investors in Canada: banks and telecoms. Both are evolving in a protected oligopoly, giving them the opportunity to build a solid business model, enjoying pricing power and ...
  
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• MARKET SNAPSHOT: Dow, S&P 500 Slide As Telecom, Utilities ... - Morningstar.com

  24-07-2017 17:16 via morningstar.com
  MARKET SNAPSHOT: Dow, S&P 500 Slide As Telecom, Utilities ...
  Morningstar.com
  U.S. stock-market equity indexes were under pressure Monday, with modest declines in the Dow and the S&P 500, as investors sold shares of utility and ...and more »
  
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• IoT standards groups emphasised collaboration at oneM2M Industry Day

  24-07-2017 16:14
  OCF, Zigbee Alliance, Thread, IIC, HPE, InterDigital, Qualcomm, iconectiv, AT&T and TTA highlight ways to accelerate IoT deployments Memphis, TN, 24 July 2017: Leading technology companies from around the world gathered to advance adoption of the Internet of Things (IoT) through increased industry cooperation, as the global IoT standards initiative oneM2M held its second successful Industry Day on Wednesday, July 13 in Memphis, TN.HPE, InterDigital, Qualcomm, AT&T and iconectiv all took
  
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• Competition Commission of India clears Vodafone-Idea merger - ETTelecom.com

  24-07-2017 16:10 via telecom.economictimes.indiatimes.com
  ETTelecom.com
  Competition Commission of India clears Vodafone-Idea merger
  ETTelecom.com
  Competition Commission of India clears Vodafone-Idea merger NEW DELHI | KOLKATA: The Competition Commission of India (CCI) on Monday approved the proposed merger between Vodafone India and Kumar Mangalam Birla-owned Idea Cellular, which ...
  India's largest telecom player: Vodafone-Idea merger gets CCI nodThe Asian Ageall 17 news articles »
  
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• China operators add 20.6 million 4G customers in June

  24-07-2017 14:40 via feedproxy.google.com
  (Telecompaper) China Mobile added 3.07 million new mobile customers in June, ending the month with a total of 866.5 million customers. China Telecom attracted 2.83 million new mobile customers for a total 229.85 million at 30 June. China Unicom added 1.09 million mobile billing subscribers in the month, for a total 269.4 million at the end of June.
  
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• HDFC Bank sets aside Rs 206 cr provisions for agri, telecom, iron & steel sectors - Moneycontrol.com

  24-07-2017 14:26 via moneycontrol.com
  Moneycontrol.com
  HDFC Bank sets aside Rs 206 cr provisions for agri, telecom, iron & steel sectors
  Moneycontrol.com
  The bank witnessed a 60 percent rise in its incremental NPAs from the agriculture sector as loan waivers across states impacted the credit discipline among borrowers. The bank expects the stress to continue. ByBeena Parmar. HDFC Bank sets aside Rs 206 ...and more »
  
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• Falcon Media House sign MoU with LaserNet to target Africa

  24-07-2017 14:00
  Quiptel, the technology division of Falcon, set to enable OTT services for millions of users across Africa24.07.17 - A new partnership announced today between global streaming technology leaders Quiptel (a Falcon Media House Company) and the LaserNet Group, experts in digital and broadcast technologies with headquarters in Cape Town, South Africa, will enable the two businesses to deliver OTT services to millions of users across Africa.The partnership enables Quiptel to offer its Q-Flow powered
  
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• Gemalto lowers H2 profit outlook on weak Payment and SIM performance

  24-07-2017 11:05 via feedproxy.google.com
  (Telecompaper) Gemalto said that its profit from operations will fall below guidance in the second half of the year, ranging between EUR 200 and EUR 230 million compared with its previous estimate in April of EUR 300-350 million. The company said that revenue for the second quarter declined 9 percent year-on-year at constant exchange rates, impacted by reduced demand for its Payment services in the American market and its SIM business internationally.
  
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• Baidu, JD.com to invest in China Unicom - report

  24-07-2017 10:54 via feedproxy.google.com
  (Telecompaper) Chinese internet search provider Baidu and e-commerce company JD.com, and other Chinese technology companies will jointly invest nearly USD 12 billion in state-owned operator China Unicom, Reuters reports, citing two unnamed people with direct knowledge of the matter. Back in July, press reports claimed Alibaba and Tencent would be among the new investors putting around USD 10 billion into China United Network Communications, a China Unicom unit.
  
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• Smartphone sales leap 9% to 347 mln in strongest Q2 - GfK

  24-07-2017 10:35 via feedproxy.google.com
  (Telecompaper) Worldwide demand for smartphones reached 346.9 million in the second quarter from 333.7 million the year before (+9%), making it the strongest second quarter on record, according to the latest data from GfK. Sales were strongest in Emerging Asia, up 13 percent year-on-year, followed by Central and Eastern Europe with 11 percent, and Latin America with 10 percent. Sales returned to growth in the US, lifted slightly in Africa and were flat in China. They fell in Europe and in Develo
  
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• Vodacom, Bua Group, Virgin Mobile eye Nigeria's 9mobile - report

  24-07-2017 10:28 via feedproxy.google.com
  (Telecompaper) Bua Group, Virgin Mobile of the UK, Vodacom of South Africa and other investors have expressed an interest in acquiring 9mobile, ThisDay reported.  The Nigerian operator, which recently launched a new logo and brand identity as 9Mobile, is said to be open to new investors willing to invest heavily in such a way that it will have the required amount of money to offset its USD 1.2 billion bank loan. According to the daily, Bua Group, Virgin Mobile and Vodacom, amongst other inv
  
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• O2 opens new Live Store in Munich

  24-07-2017 09:38 via feedproxy.google.com
  (Telecompaper) Telefonica Deutschland has opened a new O2 Live Store in Munich's Marienplatz. The opening was marked by two days of workshops and entertainment for visitors...
  
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• German companies lose EUR 55 bln to data theft, spying

  24-07-2017 09:27 via feedproxy.google.com
  (Telecompaper) Over half the companies in Germany (53%) have been victims of economic espionage, sabotage or data theft in the past two years, according to a study by digital industry association Bitkom...
  
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• Maroc Telecom H1 revenues fall 5% to MAD 10 bln in Morocco

  24-07-2017 09:23 via feedproxy.google.com
  (Telecompaper) Maroc Telecom's revenues in Morocco decreased by 5.1 percent to MAD 10.07 billion in the first six months to 30 June compared from MAD 10.62 billion...
  
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• Maroc Telecom cuts FY revenue forecast after 2.8% fall in H1

  24-07-2017 09:15 via feedproxy.google.com
  (Telecompaper) Maroc Telecom group's adjusted net profit increased by 5.7 percent to MAD 2.92 billion in the first six months to 30 June from MAD 2.77 billion in...
  
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• Catalan to refund operators EUR 35 mln for broadband tax

  24-07-2017 09:10 via feedproxy.google.com
  (Telecompaper) The Catalonian regional government (Generalitat) has announced that it will have to pay back some EUR 34.6 million in taxes to broadband providers...
  
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• Airangel acquires Captive.net and FDXTENDED in bid to boost channel growth

  24-07-2017 09:00
  Warrington – UK, 24th July 2017 - Airangel has today announced that they have completed their latest acquisitions, Belgium-based companies Captive.net and FDXTENDED. Captive.net is a leading cloud-managed wireless solution provider that works exclusively with channel partners throughout Europe and the Middle East. Captive.net is well-known for delivering guest WiFi solutions to some of the world's best-known and global hospitality brands. FDXTENDED is a supplier of complimentary wireless p
  
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• Lenovo picks Gemalto's remote subscription management platform

  24-07-2017 08:17 via feedproxy.google.com
  (Telecompaper) Lenovo selected Gemalto as its preferred remote SIM provisioning provider for its Lenovo Connect service...
  
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• Telecom Italia CEO to leave following Vivendi clash - report

  24-07-2017 08:08 via feedproxy.google.com
  (Telecompaper) Telecom Italia (TIM) has announced that its board and remuneration committee is set to meet on 24 July to discuss a "mutual termination" agreement for its current chief executive Flavio Cattaneo. The statement follows a Reuters report in which six unnamed sources said Cattaneo was stepping down after clashing with Vivendi, the French company that controls TIM's board via a 23.9 percent stake. The sources added that Vivendi's chief convergence officer Amos Genish is set to be appoi
  
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• Microsoft, Puget Sound Energy get OK for energy purchasing deal

  24-07-2017 07:56 via feedproxy.google.com
  (Telecompaper) Microsoft and Puget Sound Energy (PSE) announced that the Washington Utilities and Transportation Commission (WUTC) formally approved a new contract...
  
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• Digi acquires Invitel for EUR 140 mln

  24-07-2017 07:22 via feedproxy.google.com
  (Telecompaper) Romanian operator Digit, which listed on the capital market in Bucharest in May, has bought Hungarian operator Invitel Tavkozlesi for EUR 140 million. The takeover expands Digi's subscriber base by nearly 0.7 million. The shares were bought from China Central and Eastern Europe Investment.
  
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• Thaicom powers MVI's pay-TV platform launch in Laos

  24-07-2017 07:21 via feedproxy.google.com
  (Telecompaper) Asian satellite operator Thaicom has signed a transponder leasing agreement with MV International Company Limited (MVI), a Thai broadcaster and DTH...
  
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• Singtel to sponsor Singapore athletes

  24-07-2017 06:21 via feedproxy.google.com
  (Telecompaper) Singapore operator Singtel has renewed its partnership agreement with the Singapore National Olympic Council (SNOC)...
  
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• Virgin Media, Vodacom in the frame for 9mobile

  24-07-2017 02:00
  Virgin Media and Vodacom are the latest players to be named as potential buyers of 9mobile, the telco until recently known as Etisalat Nigeria.Sources cited in a ThisDay report on Sunday said that local infrastructure and food producer BUA Group is also interested in purchasing the operator…read more on TotalTele.com »
  
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• TIM board meeting to discuss CEO's exit

  24-07-2017 02:00
  Telecom Italia's board will meet on Monday to discuss the expected departure of CEO Flavio Cattaneo.In a statement late last week, the operator, also known as TIM, said the meeting's agenda includes the "examination of a proposal of mutual termination of the relationship between the company and Mr Flavio Cattaneo…read more on TotalTele.com »
  
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• China Unicom still negotiating with potential new investors

  24-07-2017 02:00
  China Unicom on Monday said it is still negotiating with potential investors, following a report that search provider Baidu and e-commerce firm JD.com are in the frame.China Unicom "is not aware of the source of information in those media reports and has not entered into any legally binding documents…read more on TotalTele.com »
  
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