Facebook changes tax structure to start billing ad sales locally
Facebook announced plans to change the way it sells advertising and to start booking revenues locally, where the sale takes place, rather than at its international headquarters in Ireland. The move follows pressure from several European governments for the social network to start paying local income ...
Vodafone Italia launches EUR 90 mln Milan 5G project
Vodafone Italia has officially inaugurated its project to test 5G technologies via the 3.6-3.8 GHz band in the city of Milan. At an event held in the Palazzo Marino city hall and attended by mayor Giuseppe Sala and Italy's undersecretary for economic development in charge of telecommunications ...
Atos makes EUR 4.3 bln bid for Gemalto
Gemalto said it has received an unsolicited takeover bid from Atos worth EUR 46 per share in cash, which it will carefully review and consider. The offer was submitted on 28 November and will be valid until 15 December. Atos put the total bid price at EUR 4.3 billion, saying this represents a ...
3M sells Communications division to Corning for USD 900 mln
3M is exiting the telecom networks market and selling substantially all of its Communication Markets division to Corning for USD 900 million. The business includes optical fibre and copper passive connectivity products, including 3M's xDSL, FTTx, and structured cabling products and, in certain ...
Verizon buys NFL live streaming rights for Yahoo Sports
Verizon has expanded its partnership with the National Football League in the US to stream live matches on Yahoo Sports. The partnership will start with live streams of the NFL play-offs in January on Yahoo and Yahoo Sports, in addition to go90 and the NFL mobile app.
Nokia promotes Erlemeier as COO to replace Maurer
Nokia has announced the appointment of Joerg Erlemeier as Chief Operating Officer and member of the group leadership team. Erlemeier will succeed Monika Maurer, who is to leave Nokia to pursue new opportunities elsewhere. She will support Erlemeier during a transitional period first.
Apple to acquire Shazam for GBP 300 million - report
Apple is set to acquire music recognition app Shazam for a reported GBP 300 million, writes the Sunday Times. The takeover, which could be confirmed as early as this week, would be Apple's largest in the UK. Shazam investors are likely to be unhappy with the price as the company was valued at USD 1 ...
Veon executive named new Digicel CEO
The Digicel Group has announced the appointment of Alexander Matuschka Greiffenclau as its new CEO, succeeding Colm Delves with effect from February 2018. Greiffenclau has served as chief performance officer at Veon since 2015 and was previously chief transformation officer at Nokia Networks. "Given ...
Spotify, Tencent take a piece of each other
Spotify and Tencent said they have made equity investments in each other, with the aim of strengthening relationships between the company's music streaming platforms. Under the deal, Spotify and Tencent Music Entertainment Group , a unit of the Chinese internet company, will take an minority stake ...
Vodafone, Melita abandon plans for Malta merger
Vodafone announced that it's abandoned a proposed merger of its Malta unit with local cable operator Melita. Vodafone and Melita's owners Apax and Fortino Capital were unable to agree the conditions needed to satisfy the Malta Competition and Consumer Affairs Authority concerns about the deal, they ...
KPN denies report of international M&A, says focused on home market
Dutch operator KPN has rejected speculation that it may pursue an international merger or acquisition under its new CEO. In a statement, the company said its M&A strategy "is focused on small in-country acquisitions and it has no plans to make international acquisitions".
Dutch regulator warns information number holders of sharper rules
Dutch regulator ACM has informed information number holders about stricter rules. The new rules come on the back of a non-stop stream of questions and complaints about expensive call forwarding and payment services. The tightened rules apply to 0900, 0906 and 0909 numbers.
Orange expects investment to peak at EUR 7.4 bln in 2018, before declining from 2019
Orange reaffirmed the priorities outlined in the 'Essentiels2020' five-year strategy, launched in March 2015, and provided more detailed financial targets for the years to come at its Investor Day in London. The group said it plans to reach a peak investment spend of EUR 7.4 billion in 2018 and ...
Jamii Telecom launches 4G network in Kenya under Faiba brand, first to offer VoLTE
Jamii Telecom has launched a service called Faiba 4G Mobile, making it the fifth telecom operator to be licensed in the Kenya. It will operate under the prefix 0747 and will be the first to provide voice over LTE . Faiba 4G Mobile will offer free voice calls, and will be able to do high definition ...
Broadcom raises interim div by over 70% after strong Q4, FY results
For the long term, Broadcom said it will continue to target annual revenue growth of 5 percent and that it will be raising its target for adjusted gross margin from greater than 60 percent to 65 percent and its adjusted operating margin from 45 percent to 47.5 percent. Broadcom will also be raising ...
Qualcomm Snapdragon 845 to ship in first devices in early 2018
Qualcomm Technologies has released more details on its new flagship smartphone processor, the Snapdragon 845. The chip is now sampling with customers, and the first devices running the processor will launch in early 2018.
Warburg Pincus sells majority stake in Poland's Inea to Macquarie
Warburg Pincus, a global private equity company, is selling a majority stake in the Polish regional operator Inea to Macquarie European Infrastructure Fund 5, managed by Macquarie Infrastructure and Real Assets. Terms of the transaction were not disclosed.
Amazon Prime Video finally reaches Apple TV
Amazon has released an app for its Prime Video service on Apple TV. The tvOS version is available to download on Apple TV 3rd generation devices or later, in more than 100 countries.
Asus unveils NovaGo, first Windows ARM laptop with gigabit LTE
Asus has unveiled what it says is the world's first gigabit LTE-capable laptop, the Asus NovaGo . CEO Jerry Shen announced the new laptop at the Snapdragon Technology Summit in Hawaii, as the first in a range of 'always-connected PCs' developed by Microsoft and Qualcomm.
Google pulls YouTube from Amazon Fire TV, Echo Show
Google has pulled YouTube from Amazon's Echo Show and Fire TV in a dispute over carrying each other's products. Google told the site Engadget that it would not support YouTube on the Echo Show or Fire TV because Amazon would not carry Google products like Chromecast, Google Home and Nest and would ...
Telecom Italia confirms it's exploring network spin-off, Mediaset deal
Telecom Italia has finally confirmed that it will take steps to explore the separation of its national fixed-line network to address concerns from the Italian government, regulators and its competitors. In a statement following a board meeting called to discuss the 2018-2020 Business Plan and ...
Dish's Ergen steps aside as CEO to lead new mobile business
Charlie Ergen, the co-founder and owner of US pay-TV provider Dish Network, is stepping down as CEO of the company in order to focus on developing Dish's wireless business. COO Erik Carlson, a 20-year veteran of the company, has been promoted to the role of CEO and will continue to report to ...
German monopoly commission issues telecoms report, calls for flexible rules to incentivise investment
Germany should introduce more flexible regulations and make adjustments to help pave the way for the expansion of fibre-optic networks, said Germany's Monopoly Commission, an independent advisory panel for the German government, in a special report on competition in the German telecoms market.
AT&T signs up 1 mln customers for DirecTV Now OTT service in first year
AT&T announced that it's passed the milestone of 1 million subscribers to its online TV service DirecTV Now, just a year since its launch. That compares to a reported 787,000 at the end of September and a total TV subscriber base of 25 million at the operator.
Google launches lighter Android Oreo Go edition for entry-level devices
Google said it will be launching its Android Oreo for low-end devices on 6 December, when it releases Android 8.1. The edition was unveiled at the Google I/O event this year and also comes with a range of lighter Google apps for first-time mobile internet users.
Cyfrowy Polsat acquires 33% stake in Netia, plans to raise it to maximum 66%
Polish broadcaster Cyfrowy Polsat announced that it has placed two purchase orders for shares in Netia, one for approximately 63.41 million shares from Mennica Polska and the other for some 47.29 million shares from investment fund FIP 11 Fundusz Inwestycyjny Zamkniety Aktywow Niepublicznych. These ...
Facebook introduces Messenger Kids app in the US
Facebook is launching a preview of its new Messenger Kids app in the US. This preview is available on the App Store for iPad, iPod touch, and iPhone. The standalone app is aimed at the tablets and smartphones of kids but parents can control the accounts and contacts through the Messenger Kids ...
German regulator considers new measures to accelerate fibre-optic expansion
Germany needs to focus more on expanding its high-speed broadband network beyond the goals laid out in the government's national broadband initiative, the Federal Network Agency , Germany's national utilities and telecoms regulator, said in its telecommunications activity report for 2016 and 2017.