Telecompaper (33)

Kinnevik buys 18.5% of Com Hem from BC Partners' NorCell

Investment company Kinnevik said that it has agreed to acquire 33.9 million shares, corresponding approximately to an 18.5 percent stake, in Swedish fixed line operator Com Hem from NorCell, the indirect investment holding company of funds advised by BC Partners. It will pay SEK 110 cash per share, ...

LG returns mobile business to breakeven as shipments up 10%

LG Electronics returned its mobile phone business to breakeven in the first quarter, helped by solid sales momentum for its mid-tier devices, and said it expects the improvements to continue in Q2 with the launch of its flagship G6 smartphone. The mobile division posted a small operating loss of KRW ...

Nokia slows drop in sales to 4% in Q1

Nokia slowed the decline in sales to 4 percent in the first quarter, for a total EUR 5.39 billion. The company blamed the drop on weaker IP/optical and fixed network sales, while sales in the mobile and applications segments were flat. Overall, Networks sales were down 6 percent to EUR 4.90 million, ...

Orange Q1 sales up slightly, led by Spain

Orange reported a small increase in first-quarter results, in line with its full-year outlook and supported by demand for its fixed-mobile bundles in Spain and elsewhere. Revenues rose 0.6 percent year-on-year to EUR 10.07 billion, and adjusted EBITDA was up 1.1 percent to EUR 2.60 billion. On a ...

Samsung net profit up 46% in Q1, mobile results lower

Samsung reported a drop in mobile revenues and profit in the first quarter but said shipments improved compared to the previous quarter thanks to new mid-range models like the A7. Revenues at the mobile division fell 15 percent year-on-year and 0.5 percent from the fourth quarter to KRW 23.50 ...

FCC chairman proposes overturning net neutrality rules

The new chairman of the US Federal Communications Commission Chairman, Ajit Pai has confirmed plans to undo his predecessor's Open Internet order, which imposed net neutrality rules on broadband providers. Pai was opposed to the rules from the start, largely due to the FCC's method. The regulator ...

Twitter sales growth turns negative in Q1, losses narrow

Twitter's sales growth turned negative in the first quarter of 2017, while user numbers continued to grow and the company focused on reducing costs and losses. Revenue fell 8 percent year-on-year to USD 548 million, as advertising revenue declined 11 percent to USD 474 million. After a 10 percent ...

AT&T withdraws revenue growth forecast after drop in Q1

AT&T reported a small drop in first-quarter results, hurt by lower handset sales and merger integration costs. Revenues dropped to USD 39.4 billion from USD 40.5 billion a year ago, and the US operator withdrew its forecast for a return to revenue growth this year, saying equipment sales were too ...

Telia organic sales growth improves to 3% in Q1

Telia reported improving sales trends in the first quarter, with organic sales in local currency up 3.0 percent, compared to only 0.2 percent annual growth in Q4. Reported revenues were still down 5.6 percent to SEK 19.252 billion, and adjusted EBITDA dropped 1.1 percent to SEK 6.149 billion. This ...

America Movil returns to organic EBITDA growth in Q1

America Movil reported a return to EBITDA growth in the first quarter, its first in eight quarters. EBITDA rose 1.5 percent at constant exchange rates, driven by a 3.1 percent increase in service revenue. The company attributed the growth to strong results in Mexico and Colombia, but said the ...

KPN maintains outlook as Q1 sales fall 2.4%

KPN reported a 2.4 percent drop in first-quarter sales to EUR 1.65 billion, while EBITDA rose 2.8 percent to EUR 584 million. Capital expenditure fell by 16 percent to EUR 266 million, leading to free cash flow of EUR 318 million . According to KPN's measure, free cash flow was EUR 35 million. The ...

Unnamed operator outbids AT&T for Straight Path

An unnamed telecom operator has outbid AT&T for Straight Path Communications. The new bidder is offering USD 104.64 per share, giving Straight Path a value of USD 1.8 billion, better than AT&T's offer of USD 1.6 billion. Straight Path said in a statement that it was obliged to consider the ...

EC raids Swedish mobile operators over cartel concerns

The European Commission and Swedish competition officials have raided the offices of the Swedish mobile operators amid suspicions they may have coordinated their behaviour to prevent another operator from entering the market, violating competition rules. Telia, Telenor, 3 Sweden and Tele2 all ...

Ericsson net loss swells to SEK 10.9 billion in Q1

Ericsson saw its net loss swell to SEK 10.9 billion for the first quarter, as sales showed little improvement and the company took a number of charges for restructuring. The result included SEK 8.4 billion in provisions on customer contracts, SEK 3.3 billion in asset writedowns and SEK 1.7 billion ...

BICS to acquire TeleSign for USD 230 million

BICS, the wholesale arm of Belgian operator Proximus, announced an agreement to acquire US-based TeleSign for USD 230 million. The takeover gives BICS a new growth area beyond network services, providing authentication and mobile identity services to internet service providers. The deal is expected ...

T-Mobile US raises outlook again after strong Q1

T-Mobile US reported another quarter of strong customer growth and raised its outlook for the full year. The company gained 1.14 million new customers in the first quarter, including 914,000 branded postpaid subscribers. It now expects to add 2.8-3.5 million broadband postpaid users over the full ...

Monaco Telecom announces 1Gbps LTE network upgrade

Monaco Telecom announced that its LTE service is now capable of offering a peak theoretical speed of 1 Gbps, after deploying a core network upgrade and a cloud RAN solution developed by its technology partner Huawei. The service relies on four-channel carrier aggregation, using 2.6 GHz, 1.8 GHz and ...

Tele2 Sweden offers unlimited data with European surfing

Tele2 Sweden said it is bringing out an unlimited mobile internet subscription, as well as providing EU and EEA roaming at no extra cost to every new retail subscription. Existing customers will get the European roaming facility from 15 June. The new subscription goes by the English name 'Unlimited' ...

Tele2 grows mobile service revenue 10% in Q1

Tele2 reported a strong increase in first-quarter results, driven by its growth markets the Netherlands and Kazakhstan as well as solid growth in Sweden and the Baltics. Net sales rose 22 percent to SEK 7.875 billion, and EBITDA increased 41 percent to SEK 1.723 billion, giving an EBITDA margin of ...

BT files criminal complaint over Italy accounts fraud-report

British Telecom has filed a criminal complaint with Italian prosecutors over the accounting scandal at its Italy unit in which it alleges that the company itself is a victim of any fraud that may have occurred. In the complaint filed on 21 March and seen by Reuters, the company said it suffered ...

Samsung adopts Google Play Music as default music player

Samsung has adopted Google Play Music as the default music player on its new smartphones. The deal with Google starts with the Galaxy S8 and the Galaxy S8+, and Google Play Music will be the default music player and music service on all new Samsung phones and tablets globally. Google said Samsung ...

T-Mobile wins net neutrality case over zero-rated streaming

T-Mobile Netherlands can continue with its zero-rated music offer, a court in Rotterdam has ruled. The Dutch regulator ACM challenged the offer, saying it violated net neutrality. The court found that while the zero rating did violate the Dutch Telecommunications Law, the ban on price discrimination ...

Verizon Q1 results drop on mobile customer losses

Verizon showed another drop in results for the first quarter, but said it started to see signs of improvement after it launched its new unlimited mobile offer during the quarter. Revenues fell 7.3 percent year-on-year to USD 29.8 billion. Excluding divestments, revenues were down 4.5 percent, as ...

Orange unveils Djingo voice-controlled personal assistant

Orange is developing a new device branded Djingo, positioned as a voice-controlled personal assistant competing with the likes of Amazon's Alexa. Unveiled at the company's annual Hello Show, Djingo will have several capabilities, including the ability to send SMS, interact with Orange's content ...

Telecom Egypt agrees national roaming with Orange

Telecom Egypt announced an agreement with Orange Egypt to offer 2G and 3G mobile services through its network. Telecom Egypt, the state's fixed-line monopoly, agreed last year to buy a 4G licence for EGP 7.08 billion to enter the mobile market directly for the first time. The company still holds a ...

Sky revenues rise 5% in 9-mths, profits lower

Sky said revenues for the nine-months to end March advanced 5 percent from the year earlier at constant currency to GBP 9.641 billion, pushed by all regions but especially Germany & Austria and Italy . Revenues from the UK & Ireland lifted 4 percent. Group operating profit fell 11 percent to GBP ...

Qualcomm warns of Apple impact as Q2 hit by Blackberry deal

Qualcomm reported results for its fiscal second quarter to March lower than expected due to its arbitration settlement with BlackBerry. Revenues fell 10 percent year-on-year to USD 5.0 billion, and net profit was down 36 percent to USD 0.7 billion. Excluding the USD 815 million settlement, revenue ...

Google to introduce ad blocker on Chrome - report

Google is planning to introduce an ad-blocking feature in the mobile and desktop versions of its Chrome web browser, people familiar with the company's plans told the Wall Street Journal. The ad-blocking would be switched on by default within Chrome and filter out certain online ad types deemed to ...

Xiaomi unveils new flagship Mi 6 smartphone

Xiaomi has unveiled its new Mi 6 smartphone at an event in Beijing. The phone comes with a 5.15-inch display and curved glass or ceramic body and runs Qualcomm's latest top processor, the Snapdragon 835. It features a double 12 megapixel camera on the back, with wide angle and telephoto lenses for ...

Facebook introduces VR Spaces, AR camera effects at F8

Facebook has unveiled a range of new services at its annual F8 developers conference, including new ways to find businesses on Messenger, Facebook Spaces to meet friends in virtual reality and augmented reality features for its recently added in-app camera.

Vivendi ordered to cut Mediaset or TIM stake within 1 year

Italian communications regulator Agcom has ordered French media giant Vivendi to reduce its stake in Telecom Italia or broadcaster Mediaset within 12 months on the grounds that it's infringing anti-trust rules intended to prevent a concentration of power in the country's communications sector. In a ...

Yahoo ups revenues, profit in Q1 as it nears Verizon close

Yahoo said revenues for the first quarter advanced to USD 1.327 billion from 1.087 billion the year before, with the net result reaching USD 99 million, higher than the loss of 99 million recorded the year before, but lower than the 162 million gain in the fourth quarter. Earnings per diluted share ...

Google integrates PayPal in Android Pay

Google and PayPal announced a new partnership allowing users of Android Pay to make payments at the point of sale with their PayPal accounts. The service will start in the US, at retailers such as Walgreens and Dunkin' Donuts, and expand gradually to more outlets, PayPal said. Initially, users will ...