Tuesday , 19 June 2018
Breaking News


Nokia plans more cost-cutting as Q2 sales slide 11%

Nokia has again raised its target for cost reductions, after reporting a further slowdown in the mobile broadband market in Q2. Pro forma revenues, adjusted for the takeover of Alcatel-Lucent, fell 11 percent year-on-year to EUR 5.676 billion, and the company’s adjusted operating profit was down 49 percent to EUR 332 million. The net result was a loss of EUR ... Read More »

EC clears merger of Ziggo, Vodafone Netherlands

The European Commission has cleared the merger of Vodafone Netherlands and Liberty Global’s Dutch operation Ziggo, with the condition that Vodafone sells its fixed business. The 50-50 joint venture, first announced in February, sees the country’s largest cable operator merged with the number-two mobile operator, to create a full-scale rival to incumbent KPN.  The Commission’s main concern about the deal ... Read More »

Liberty Global commissions own original drama series

Liberty Global announced new content deals with All3Media and Discovery Communications.  The cable operator commissioned four original drama series for the next two years from All3Media, to be shown exclusively to its own customers. The shows will be made available on demand for customers of Liberty Global companies across Europe, Latin America and the Carribean. The deal, a first for ... Read More »

Former O2 UK CEO Dunne becomes president of Verizon Wireless

Ronan Dunne, the former CEO of O2 UK, has been named executive vice president and group president of Verizon Wireless, effective in September. Dunne will report to John Stratton, executive vice president and president of Operations. Dunne was CEO of O2 UK for eight years and stepped down recently after the failed sale of the operator to Hutchison. He was ... Read More »

Samsung unveils Galaxy Note 7 smartphone

Samsung has presented its latest flagship smartphone, the Galaxy Note 7, at simultaneous events in New York, London and Rio de Janeiro. The biggest in Samsung’s range of smartphone, the Note 7 is Samsung’s first smartphone to feature an iris scanner for increased security.  The same as the S6 and S7 Edge phones, it features the company’s curved Amoled screen ... Read More »

Mobile broadband penetration hits 90% in OECD area

There are now over nine high-speed wireless internet subscriptions for every 10 inhabitants in the 35-country OECD area, with mobile broadband penetration soaring to 90.3 percent at the end of 2015, compared to 81.6 percent in December 2014. Data released by the OECD revealed the total number of subscriptions rose to 1.153 billion in a population of 1.27 billion people, some ... Read More »

HTC points to sales turnaround in Q2

HTC signalled an upturn in sales in the second quarter compared to the first three months of the year, but sales were still down sharply from a year ago. Its quarterly revenue of TWD 18.9 billion was up 27 percent form Q1, which HTC attributed to the launch of its flagship HTC 10 smartphone and HTC Vive virtual reality headset. ... Read More »

LG to ship world's first smartphone with Android 7.0 in Q3

LG Electronics announced that its next flagship smartphone, the V20, will be the first in the world to ship with the new version of Android, known as Nougat. The LG V20, the successor to last year’s LG V10, will begin shipping in the third quarter loaded with Android 7.0.  LG said the device will take advantage of many of the features ... Read More »

Verizon to buy Fleetmatics for USD 2.4 billion

Verizon is continuing its acquisition spree in new growth areas with a deal to buy Fleetmatics for USD 2.4 billion. The operator is offering USD 60 per share cash for the provider of fleet and mobile workforce management services, equal to a premium of nearly 40 percent on the closing share price the day before the takeover was announced.  Fleetmatics ... Read More »

Mobily, STC starts talks on towers joint venture

Saudi Arabian telecom operators Mobily and Saudi Telecom Company (STC) said that they have signed an agreement to jointly explore options for their tower portfolios. The deal is aimed at extracting value from their respective towers with the aim of reducing their capital and operating expenditures on the portfolio, they said. The agreement is valid for three months starting 31 ... Read More »