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Veon sees underlying growth improve despite negative forex effects

2018-11-08 08:00:00| Telecompaper Headlines

(Telecompaper) Veon raised its full-year outlook, forecasting stronger growth in underlying revenue and EBITDA after a good third quarter. Reported results were still down in Q3 due mainly to negative currency effects, and the forex impact will also make its free cash flow target of USD 1 billion for the year "slightly challenging", the company said. 

Tags: improve effects growth negative

Category: Telecommunications
 

Deutsche Telekom raises EBITDA, cash flow targets after return to growth in Q3

2018-11-08 07:48:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom reported a return to revenue growth in the third quarter and increased its outlook for full-year EBITDA and free cash flow. Revenues in Q3 rose 4.7 percent to EUR 19.1 billion, and adjusted EBITDA was up 8.5 percent to EUR 6.2 billion. 

Tags: return growth cash flow

Category: Telecommunications
 

BICS: The potential for IoT in Africa is enormousBICS: The potential for IoT in Africa is enormous

2018-11-08 01:00:00| Total Telecom industry news

How can businesses and operators harness the IoT to drive new revenue streams? “With the suggestion that by 2020 there could be more than 20 billion connected devices in the world, there is no doubt that the IoT is big business. But, according to The Economist Intelligence Unit IoT Business Index 2017, businesses aren’t adopting the IoT as quickly as previously anticipated. “In Africa, the potential of the IoT is huge. If harnessed correctly, it could play a role in accelerating the development of Africa’s economy – more so than in other markets – driving socio-economic growth, enabling businesses to leapfrog the lack of infrastructure and digitise their offerings.  “Benefits of the IoT include having everything in the cloud, instead of on physical infrastructure, which increases agility and improves cost efficiencies…read more on TotalTele.com »

Tags: is potential africa enormous

Category: Telecommunications
 

EE switches on 9 5G test sites across London

2018-11-08 01:00:00| Total Telecom industry news

EE has switched on 9 5G trial sites across East London, in a move that will see the company begin to ramp up its preparations for 5G in 2019.  The trial has encountered every stage in the process of building a new 5G network…read more on TotalTele.com »

Tags: sites test across london

Category: Telecommunications
 

BICS: The potential for IoT in Africa is enormous

2018-11-08 01:00:00| Total Telecom industry news

How can businesses and operators harness the IoT to drive new revenue streams? “With the suggestion that by 2020 there could be more than 20 billion connected devices in the world, there is no doubt that the IoT is big business. But, according to The Economist Intelligence Unit IoT Business Index 2017, businesses aren’t adopting the IoT as quickly as previously anticipated. “In Africa, the potential of the IoT is huge. If harnessed correctly, it could play a role in accelerating the development of Africa’s economy – more so than in other markets – driving socio-economic growth, enabling businesses to leapfrog the lack of infrastructure and digitise their offerings.  “Benefits of the IoT include having everything in the cloud, instead of on physical infrastructure, which increases agility and improves cost efficiencies…read more on TotalTele.com »

Tags: is potential africa enormous

Category: Telecommunications
 

Huawei: Europe is the most open market for telecoms

2018-11-08 01:00:00| Total Telecom industry news

Western Europe is the most competitive and open market for tech firms looking to do business, according to senior executives at Huawei.  Speaking exclusively to Total Telecom at Huawei's European Innovation Dan in Rome, this week, Vincent Pang…read more on TotalTele.com »

Tags: open market europe telecoms

Category: Telecommunications
 

Samsung teases foldable display device, new smartphone UI for developers

2018-11-07 23:21:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics has unveiled its new foldable display at its annual developers conference, as well as a new simplified user interface for its smartphones. The company also presented new developer tools for its voice-controlled digital assistant Bixby and SmartThings platform for connected consumer devices.

Tags: display device samsung developers

Category: Telecommunications
 

Qualcomm posts net loss, forecasts fall in next quarter's revenues

2018-11-07 22:57:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported a net loss for its fiscal fourth quarter to September, hurt by the USD 2 billion paid to NXP for not completing their merger. Revenues were down 2 percent year-on-year to USD 5.8 billion, in line with the company's guidance and including partial payment of back licensing fees from one major customer. Qualcomm said underlying earnings were better than forecast and it expects to return to growth in adjusted EPS in the current quarter, despite a projected sharp fall in revenue. 

Tags: net posts fall loss

Category: Telecommunications
 

Zain Group revenues up 55% in Q3 on Saudi consolidation

2018-11-07 15:04:00| Telecompaper Headlines

(Telecompaper) Middle East mobile operator Zain Group said its revenues increased by 55 percent to KWD 403 million in the third quarter, and EBITDA reached KWD 155 million, an increase of 48 percent year-on-year, giving a 38 percent EBITDA margin. The growth was supported by Zain Saudi Arabia becoming a consolidated subsidiary during the third quarter. This contributed an additional USD 521 million in revenues and USD 194 million in EBITDA for Q3 2018. 

Tags: group saudi consolidation revenues

Category: Telecommunications
 

Vodacom South Africa and Telkom sign roaming and facilities leasing deal

2018-11-07 13:52:00| Telecompaper Headlines

(Telecompaper) Vodacom South Africa and Telkom have concluded a long-term, multi-billion rand agreement whereby Telkom will obtain roaming and facilities leasing services from Vodacom with full effect from June 2019. Telkom customers will be able to roam on Vodacom's 2G, 3G and 4G networks and this will reduce the number of dropped calls as users move between networks. 

Tags: sign south deal facilities

Category: Telecommunications
 

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