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Ericsson CEO: Regulatory policies are delaying 5G rollout in Europe

2019-05-21 02:00:00| Total Telecom industry news

Europe's telecoms regulators must do more to support the rollout of 5G across the continent, according to Ericsson's CEO, Börje Ekholm. In an online blog post, Ekholm said that Europe was still paying the price for having lagged behind the rest of the world in 4G rollout…read more on TotalTele.com »

Category: Telecommunications

FCC to recommend merger of T-Mobile US and Sprint after 'significant' concessions

2019-05-20 15:24:00| Telecompaper Headlines

(Telecompaper) FCC chairman Ajit Pai said he will be recommending that the merger of T-Mobile US and Sprint go through, after the companies provided "significant" concessions. Pai believes the deal will speed up the deployment of 5G throughout the US, and bring faster mobile broadband to people living in rural areas. "Two of the FCC's top priorities are closing the digital divide in rural America and advancing US leadership in 5G (). The commitments made today by T-Mobile and Sprint would substantially advance each of these critical objectives," the chairman said.

Tags: significant recommend sprint merger

Category: Telecommunications

Toshiba Memory to buy back preferred shares from Apple, Dell, others for USD 4 bln - report

2019-05-20 14:44:00| Telecompaper Headlines

(Telecompaper) Toshiba Memory, bought last year by Bain Capital, is hoping to buy out the preferred shares held in the company by Apple, Dell, Kingston Technology and Seagate Technology for over 4 USD , the Wall Street Journal reported, with sources estimating the deal at over USD 4 billion. The transaction will come under a refinancing plan worth JPY 1.3 trillion, or USD 11.8 billion, from Japanese banks. The money will go towards buying back the shares and simplifying the capital structure. This will make it easier for Toshiba Memory to list itself, the sources said. The Japanese banks working on the refinancing plan include the government-owned Development Bank of Japan, set to buy JPY 300 billion worth of shares and debt. 

Tags: back report buy memory

Category: Telecommunications

Xiaomi revenues lift 27% in Q1, as IoT, internet services offset slower smartphone growth

2019-05-20 14:09:00| Telecompaper Headlines

(Telecompaper) Xiaomi said revenues for the first quarter rose 27.2 percent from the year before to CNY 43.8 billion, and that its operating profit lifted 12.5 percent to CNY 3.7 billion. The net profit however dipped almost 6 percent lower to CNY 3.2 billion.  

Tags: services internet growth offset

Category: Telecommunications

Dish buys back satellites from EchoStar in all-stock deal worth USD 800 mln

2019-05-20 12:16:00| Telecompaper Headlines

(Telecompaper) Dish Network has agreed to buy EchoStar's Broadcast Satellite Service (BSS) business in an all-stock, tax-free transaction worth USD 800 million. The operations include nine direct broadcast satellites and certain key employees responsible for satellite operations, licensing for the 61.5-degrees orbital slot, and some real estate properties. In return, Dish will distribute 22.9 million of its shares to EchoStar stockholders.

Tags: back deal worth usd

Category: Telecommunications

KPN sells data centre unit NLDC to DWS

2019-05-20 08:56:00| Telecompaper Headlines

(Telecompaper) KPN announced that it has reached agreement to sell its data centre subsidiary NLDC to a fund managed by DWS, a global infrastructure investment manager and part of Deutsche Bank, for an undisclosed sum. The transaction is part of the Dutch operator's efforts to simplify its business to focus on core assets and increase its financial flexibility. 

Tags: data centre unit sells

Category: Telecommunications

Google, US chipmakers break ties with Huawei - report

2019-05-20 08:47:00| Telecompaper Headlines

(Telecompaper) Google as well as chipmakers based in the US are starting to break ties with Huawei, after the US security order that forbid American businesses from selling to the company. Huawei's Android devices will lose access to Google's latest software, Reuters reports, while chipmakers such as Qualcomm and Intel are halting supplies to Huawei, according to Bloomberg. 

Tags: report google break ties

Category: Telecommunications

Last week in telecoms: Vodafone earnings, German deal in danger, Italy heading for more network sharing

2019-05-20 07:01:00| Telecompaper Headlines

(Telecompaper) Vodafone's quarterly results and dividend cut set the TPSI European Telecoms Services lower last week. The index ended week 20 down 0.7 percent, against a 1.9 percent gain for the EuroStoxx 50 index. Iridium, without significant news, and 1&1 Drillisch also ended the week down sharply. The winners included mobilezone and Rostelecom.

Tags: more week network deal

Category: Telecommunications

Last week in media: updates on OTT services from Viacom, WarnerMedia and NBCUniversal; Lions Gate anticipated to do well

2019-05-20 07:00:00| Telecompaper Headlines

(Telecompaper) Much of last week's news centered around the OTT video market. The TPSI Global Consumer Media ended the week down 0.3 percent, slightly outperforming the broader market as measured by the S&P 500 index, which was down 0.8 percent. There were two double digit winners: Salem Media and Lions Gate. On the losing end, EW Scripps, McClatchy and Tencent  Music performed especially poorly.

Tags: to services well media

Category: Telecommunications

Huawei: US blacklisting will have limited impact, despite Google and Qualcomm bans

2019-05-20 02:00:00| Total Telecom industry news

Huawei’s founder, Ren Zhengfei, has said that the US government’s decision to blacklist his company will have only a minimal impact on its projected growth in 2019. Huawei has managed unparalleled, double digit growth for many years, however, the company’s founder conceded that the US blacklisting could see his company’s projected growth rate dip below 20 per cent in 2019. “It is expected that Huawei’s growth may slow, but only slightly,&rdquo…read more on TotalTele.com »

Tags: limited google impact bans

Category: Telecommunications

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