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Broadcom says chip market bottomed out, demand to remain low

2019-09-13 09:43:00| Telecompaper Headlines

(Telecompaper) Broadcom reported revenues for its fiscal third quarter to July up 9 percent year-on-year and little changed on a sequential basis at USD 5.515 billion. The company said it appeared the semiconductor market had bottomed out but it's expected to remain at a low level due to the uncertain market conditions. 

Category: Telecommunications

Google to pay EUR 1 bln in tax settlement with French authorities

2019-09-13 09:32:00| Telecompaper Headlines

(Telecompaper) Google reached an agreement in France on a long-running dispute with the country's tax authorities, which had led to a raid by financial crime officers on its Paris office in 2016. At the time, the company was reportedly asked to pay EUR 1.6 billion in back taxes, after being accused of tax optimisation practices. A Google spokesperson confirmed that a settlement had been reached, comprising a EUR 500 million fine ordered by a French court, in addition to a EUR 465 million payment for additional taxes.

Category: Telecommunications

With the lowest maximum download speed in Europe, can the UK really consider itself a 5G leader?

2019-09-13 02:00:00| Total Telecom industry news

The UK has the slowest maximum download speeds of any of the 12 countries who have so far launched 5G services, clocking a maximum speed of just 599Mbps. The UK ranked below Spain…read more on TotalTele.com »

Category: Telecommunications

Quintillion and AP Telecom partner up to connect the US and Asia

2019-09-13 02:00:00| Total Telecom industry news

Alaskan based telecommunications provider, Quintillion, has announced that it will collaborate with AP Telecom to lay a new subsea cable between Asia and North America. Quintillion plans to lay a 200Tbps subsea cable to connect the North America and Asia via the trans Pacific route…read more on TotalTele.com »

Category: Telecommunications

GSMA urges governments to focus on mmWave spectrum

2019-09-13 02:00:00| Total Telecom industry news

The GSMA has written to government ministers from nearly 170 countries across the world, asking them to redouble their focus on freeing up mmWave spectrum…read more on TotalTele.com »

Category: Telecommunications

Activist investor AOC opposes Sunrise takeover of UPC Switzerland

2019-09-12 15:43:00| Telecompaper Headlines

(Telecompaper) The activist investor Active Ownership Capital (AOC) said that it opposes the takeover of UPC Switzerland by Sunrise in its current form, Reuters reports.

Tags: switzerland investor sunrise upc

Category: Telecommunications

Huawei CEO offers to license 5G stack to new competitor

2019-09-12 15:32:00| Telecompaper Headlines

(Telecompaper) Huawei is prepared to sell a perpetual licence to its 5G stack to help create a competitor on the market, CEO Ren Zhengfei said in an interview with The Economist. The buyer would be able to modify the source code to build its own network equipment, a move that could help alleviate concerns about Huawei's alleged ties to the Chinese government. 

Tags: to offers license ceo

Category: Telecommunications

Avaya still in takeover talks but with no time-table

2019-09-12 14:54:00| Telecompaper Headlines

(Telecompaper) Avaya said that the takeover talks it hoped would be completed by mid-September are still ongoing and that it remains in advanced discussions. Reports in March said the company was considering a leveraged buy-out offer form a private equity firm. The company later confirmed it was it was considering takeover offers and that these would be completed soon.

Tags: with no talks timetable

Category: Telecommunications

TIM chairman Conti ready to step down - report

2019-09-12 12:17:00| Telecompaper Headlines

(Telecompaper) The chairman of Telecom Italia (TIM), Fulvio Conti, is preparing to step down to pave the way for a revamp of the group's governance, according to unnamed sources cited by Italian daily La Repubblica. The company's board has called a meeting to discuss the matter even though a replacement for Conti has yet to be identified, with current CEO Luigi Gubitosi likely to take over the chairman's powers on an interim basis.

Tags: report step ready tim

Category: Telecommunications

Disney+ launches early in Netherlands with free trial period

2019-09-12 11:10:00| Telecompaper Headlines

(Telecompaper) Disney has launched its new subscription VoD service Disney+ already in the Netherlands. The company is offering a free trial period until the official launch date on 12 November. After that, the service will cost EUR 6.99 per month. 

Tags: free period early trial

Category: Telecommunications

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