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Telecom Italia confirms CEO exit 'by mutual consent'

2017-07-25 08:28:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has confirmed that its chief executive Flavio Cattaneo will be leaving the company by mutual consent after "the completion of the major and extraordinary turnaround" of the business. It said that since Cattaneo was appointed TIM CEO in March 2016, the company had grown its customers and revenues to levels not reached in the last 10 years, increased its core investments and successfully reorganised internal processes and cut costs. It added that it would now embark on a second phase, "a conventional company relaunch that pursues the targets set by Flavio Cattaneo".

Category: Telecommunications

Vodafone India, Idea get antitrust OK for $23bn merger

2017-07-25 02:00:00| Total Telecom industry news

Vodafone India and Idea Cellular received a boost to their $23 billion merger plan this week after the Competition Commission of India (CCI) approved the deal…read more on TotalTele.com »

Category: Telecommunications

SK Telecom takes aim at IoT security with quantum cryptography chip

2017-07-25 02:00:00| Total Telecom industry news

SK Telecom has made further progress in its bid to improve IoT security, by unveiling a prototype for an ultra-small, quantum random number generator (QRNG) chip. As its name suggests, the chip, which measures just 5 mm²…read more on TotalTele.com »

Category: Telecommunications

TIM CEO gets 25m golden handshake

2017-07-25 02:00:00| Total Telecom industry news

As expected, Telecom Italia late on Monday announced that it will part ways with CEO Flavio Cattaneo, agreeing to pay him €25 million on departure. His exit would appear to have nothing to do with the performance of Telecom Italia – also known as TIM – and everything to do with his handling of a rural fibre dispute with the government and the damage it inflicted on his relationship with top shareholder Vivendi. TIM's press department certainly seems sad to see Cattaneo go, giving him a glowing review when announcing his leaving…read more on TotalTele.com »

Category: Telecommunications

Alphabet profit falls in Q2 after USD 2.7 bln fine from EU

2017-07-24 23:15:00| Telecompaper Headlines

(Telecompaper) Alphabet, the parent company of Google, reported a drop in second-quarter net profit, hurt by the competition fine of USD 2.7 billion imposed on the company by the European Commission. In a rare occurrence for the company since it went public, net profit fell to USD 3.524 billion or USD 5.01 per share from USD 4.877 billion or USD 7.00 per share a year earlier. Excluding the fine, net profit was still up, at USD 6.260 billion, according to adjusted figures presented by Alphabet.

Tags: from fine eu usd

Category: Telecommunications

China operators add 20.6 million 4G customers in June

2017-07-24 14:40:00| Telecompaper Headlines

(Telecompaper) China Mobile added 3.07 million new mobile customers in June, ending the month with a total of 866.5 million customers. China Telecom attracted 2.83 million new mobile customers for a total 229.85 million at 30 June. China Unicom added 1.09 million mobile billing subscribers in the month, for a total 269.4 million at the end of June.

Tags: add june china million

Category: Telecommunications

OTT Monitor 2017 Q1

2017-07-24 13:12:22| Telecompaper Reports

The Dutch OTT Market Monitor provides a comprehensive overview of the Dutch over-the-top services market. The OTT market is by nature a global market, dominated by US providers such as Google, Facebook and Netflix. The report describes this international OTT market, including a classification and an extensive analysis of the current business model trends.

Tags: monitor ott 0

Category: Telecommunications

Gemalto lowers H2 profit outlook on weak Payment and SIM performance

2017-07-24 11:05:00| Telecompaper Headlines

(Telecompaper) Gemalto said that its profit from operations will fall below guidance in the second half of the year, ranging between EUR 200 and EUR 230 million compared with its previous estimate in April of EUR 300-350 million. The company said that revenue for the second quarter declined 9 percent year-on-year at constant exchange rates, impacted by reduced demand for its Payment services in the American market and its SIM business internationally.

Tags: performance payment profit sim

Category: Telecommunications

Baidu, JD.com to invest in China Unicom - report

2017-07-24 10:54:00| Telecompaper Headlines

(Telecompaper) Chinese internet search provider Baidu and e-commerce company JD.com, and other Chinese technology companies will jointly invest nearly USD 12 billion in state-owned operator China Unicom, Reuters reports, citing two unnamed people with direct knowledge of the matter. Back in July, press reports claimed Alibaba and Tencent would be among the new investors putting around USD 10 billion into China United Network Communications, a China Unicom unit.

Tags: report china invest baidu

Category: Telecommunications

Smartphone sales leap 9% to 347 mln in strongest Q2 - GfK

2017-07-24 10:35:00| Telecompaper Headlines

(Telecompaper) Worldwide demand for smartphones reached 346.9 million in the second quarter from 333.7 million the year before (+9%), making it the strongest second quarter on record, according to the latest data from GfK. Sales were strongest in Emerging Asia, up 13 percent year-on-year, followed by Central and Eastern Europe with 11 percent, and Latin America with 10 percent. Sales returned to growth in the US, lifted slightly in Africa and were flat in China. They fell in Europe and in Developed Asia.

Tags: sales smartphone strongest leap

Category: Telecommunications

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