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Telecommunications
EQT acquires Maltese operator Melita
2019-05-23 13:49:00| Telecompaper Headlines
(Telecompaper) EQT Infrastructure IV said it signed an agreement to acquire Malta operator Melita from private equity firms Apax Partners and Fortino Capital. Melita will continue to operate under the leadership of CEO Harald Rosch, a longstanding industrial advisor to EQT.
Category: Telecommunications
Salt posts good Q1 results in core brand but revenues fall 1.2 percent after end to Coop, UPC cooperation
2019-05-23 11:10:00| Telecompaper Headlines
(Telecompaper) Swiss operator Salt has posted Q1 total revenue excluding MTR of CHF 230.2 million, which is down by 1.2 percent year-on-year, but up 1.8 percent year-on-year excluding the Coop and UPC Switzerland.
Category: Telecommunications
Tele2 agrees exit terms from Kazakhstan with Kazakhtelecom
2019-05-23 09:43:00| Telecompaper Headlines
(Telecompaper) The Tele2 Group has agreed with Kazakhstan national operator Kazakhtelecom on the price for its share in their joint venture. The net proceeds to Tele2, after deducting the existing earn-out liability, will be USD 169 million. In addition Tele2 will receive full repayment of its shareholder loan amounting to KZT 80 billion. The transaction is expected to close at the end of June.
Category: Telecommunications
Lenovo FY profits up strongly as Moto business turns around
2019-05-23 09:06:00| Telecompaper Headlines
(Telecompaper) Lenovo reported a strong improvement in profits for the year to March, driven by cost-cutting and a return to profit at its mobile activities in the second half of the year. Revenues rose 12.5 percent to a record USD 51.0 billion, operating profit tripled to USD 1.2 billion, and the net profit rose to USD 597 million from USD 33 million a year ago. Lenovo proposed a final dividend of HKD 0.218, up from HKD 0.205 a year ago.
Category: Telecommunications
Google faces new GDPR investigation in Ireland over Ad Exchange
2019-05-23 08:47:00| Telecompaper Headlines
(Telecompaper) The Irish Data Protection Commission announced the start of an investigation into Google's advertising business. In particular, it's concerned about how Google processes personal data for its online Ad Exchange.
Category: Telecommunications
The UK's inconvenient truth: We couldn't launch 5G without Huawei
2019-05-23 02:00:00| Total Telecom industry news
It’s been a busy few weeks for Britain’s mobile network operators, with the country’s two biggest MNOs announcing that 5G will be arriving on our shores in less than two weeks’ time. Undoubtedly this marks an important milestone in Britain’s connectivity journey. With the arrival of 5G, the country is ushering in the dawn of the gigabit society, heralding a new age of ubiquitous, ultrafast connectivity. Indeed, Britain will be among the first country’s in the world to rollout commercial 5G services at scale, when EE switch on its 5G networks on the 30th May 2019, followed three days later by Vodafone. At its 5G pre-launch event in London on Wednesday…read more on TotalTele.com »
Category: Telecommunications
Nokia wins key RAN contract and eyes 5G launch in Malaysia
2019-05-23 02:00:00| Total Telecom industry news
Finnish network equipment provider, Nokia, has signed a three-year contract with U Mobile to deploy a Nokia Single Radio Access Network (RAN) network and launch a 5G network trial in Malaysia. Nokia will also subscribe microwave and IP-based mobile transport technologies to enable U Mobile to expand the delivery of mobile data services across the country…read more on TotalTele.com »
Category: Telecommunications
New survey reveals growing consumer frustration, as fake-fibre plagues Britain's rural communities
2019-05-23 02:00:00| Total Telecom industry news
A new industry survey has shown that 57 per cent of Britons were left feeling frustrated by their home broadband services. The research, which was commissioned by rural broadband specialists…read more on TotalTele.com »
Category: Telecommunications
T-Mobile Sprint merger hits 11th hour stumbling block
2019-05-23 02:00:00| Total Telecom industry news
The proposed merger between Sprint and T-Mobile took an unexpected hit today, when sources from the Department of Justice hinted that they were preparing to block the deal. It appeared that the $26 billion merger between America's third and fourth biggest telcos was poised to pass…read more on TotalTele.com »
Category: Telecommunications
KaiOS raises another USD 50 mln for 'smart' feature phone software
2019-05-22 16:11:00| Telecompaper Headlines
(Telecompaper) KaiOS Technologies, the maker of an operating system for 'smart' feature phones, has raised another USD 50 million in a series B round of financing. The round was led by Cathay Innovation, with continued participation from existing shareholders Google and TCL Holdings.
Category: Telecommunications