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Saudi Telecom extends Vodafone Egypt stake purchase until September
2020-07-13 09:26:00| Telecompaper Headlines
(Telecompaper) Saudi Telecom Company (STC) said it would need another two months to complete the purchase of Vodafone Group's 55 percent stake in Vodafone Egypt. STC said in a bourse statement that logistics challenges caused by the Covid-19 pandemic meant both parties need more time to complete the required procedures, including due diligence. Any material development with respect to the transaction would be announced to the bourse in due course.
Category: Telecommunications
Rackspace starts preparation for new IPO
2020-07-13 08:42:00| Telecompaper Headlines
(Telecompaper) Rackspace Technology has started preparations for a new initial public offering. The company said it has filed a registration statement with the Securities and Exchange Commission for a listing on the Nasdaq Stock Market but did not specifiy how many shares will be offered or for how much.
Category: Telecommunications
EU sees 80% rise in security breaches at trust services in 2019
2020-07-10 12:13:00| Telecompaper Headlines
(Telecompaper) The European Union Agency for Cybersecurity (Enisa) said the number of security breaches at trust service providers rose significantly by around 80 percent last year. A total of 27 EU countries and two EFTA countries took part in the annual summary reporting, with the number of security incidents that had a significant impact on trust services in the EU increasing to 32 from 18 in 2018.
Tags: in services security trustCategory: Telecommunications
TIM set to exclude Huawei from 5G core network tender - report
2020-07-10 11:07:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has decided to exclude Huawei from a lucrative tender to build its 5G core network in both Italy and Brazil, reports Reuters, citing two unnamed sources. The company has invited its current supplier Ericsson as well as Nokia, Cisco, Mavenir and Microsoft-owned Affirmed Networks to bid for the tender, but has so far chosen not to include Huawei on the list of suppliers amid security concerns.
Tags: set report network coreCategory: Telecommunications
TX Group lowers H1 revenue outlook to 20% decline
2020-07-10 09:49:00| Telecompaper Headlines
(Telecompaper) TX Group, formerly known as Tamedia, said that it expects a decline in revenues of around 20 percent in H1 2020 compared with the previous year. This is a larger drop than a previous outlook that forecast a decline in revenues of between 10 and 15 percent, and also predicted an EBIT loss for the first half of this year. The company said that advertising revenues in the current year have fallen because of the coronavirus crisis. The daily and Sunday titles of Tamedia, the commuter newspapers of 20 Minuten and the advertising marketer Goldbach, are particularly impacted by the decline in advertising revenues.
Tags: group revenue outlook declineCategory: Telecommunications
Major telecom firm seeks to lay 160 km of fibre in Nigerian state Ekiti
2020-07-10 09:42:00| Telecompaper Headlines
(Telecompaper) A major telecommunications infrastructure provider has approached the Ekiti State government for approval to lay 160 kilometre of fibre across the state, BusinessDay reported. Akin Oyebode, special adviser for Investment, Trade and Innovation at Ekiti Government, said this follows the state's decision to reduce the charge for the right of way for fibre cables to NGN 145 per meter from NGN 4,500. The project means Ekiti will get over NGN 76 million in revenue if it approves the deal.
Tags: state major firm layCategory: Telecommunications
US to this week sign ban on Chinese companies as federal contractors - report
2020-07-10 09:30:00| Telecompaper Headlines
(Telecompaper) The US government want to stop its bodies from buying goods or services from companies that use products from five Chinese companies, namely Huawei, video surveillance specialists Hikvision and Dahua, Hytera and ZTE, Reuters reported, citing a US official. The government hopes to pass the regulations this week, meaning companies that sell goods and services to the US government would need to certify that they do not use products from these companies.
Tags: sign report week companiesCategory: Telecommunications
Indonesia introduces 10% VAT on Amazon, Google, Netflix and Spotify
2020-07-10 08:56:00| Telecompaper Headlines
(Telecompaper) Indonesia has introduced a digital CAT services tax on Amazon Web Services, Google Asia Pacific, Google Ireland, Google, Netflix International, Spotify, The Register reports. These companies will be required to collect a 10 percent tax on top of their charges and remit the funds to Indonesia's Direktorat Jenderal Pajak (aka the Directorate General of Taxes).
Tags: google amazon indonesia vatCategory: Telecommunications
WarnerMedia to expand HBO Max to Latin America in 2021
2020-07-09 12:13:00| Telecompaper Headlines
(Telecompaper) WarnerMedia has appointed former Hulu executive Johannes Larcher as head of HBO Max International and will be launching the new subscription streaming service in Latin America next year ahead of its expansion into other territories, reports Variety. Larcher will join the company in August and report to WarnerMedia International Networks president Gerhard Zeiler. He will also work closely with Whit Richardson, president of WarnerMedia Entertainment Networks for Latin America, and Priya Dogra, newly appointed president of WarnerMedia Entertainment Networks for EMEA and APAC, said the report.
Tags: america max expand latinCategory: Telecommunications
Average US SVoD household had access to nearly 100,000 hours of content in Q1
2020-07-09 11:26:00| Telecompaper Headlines
(Telecompaper) The average US SVoD household had access to almost 100,000 hours of content in the first quarter, delivered via 3.8 different services, according to a new study by Ampere Analysis. Researchers concluded it would take 11 years to watch it all back-to-back, and nearly 70 years if the average viewer watched an average of four hours per day. The main factors driving this increase in content availability are consumer uptake of Amazon Prime's booming portfolio and the addition of new services like Disney+ to the household mix.
Tags: content access hours averageCategory: Telecommunications