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Last week in telecoms: private equity taking out Manx Telecom, 5G and Italy remain hot

2019-03-18 07:00:00| Telecompaper Headlines

(Telecompaper) Manx Telecom may be a small operator, its takeover by Basalt Infrastructure Partners was last week's biggest news. It adds to the growing number of constituents that we may have to drop from our Telecompaper Stock Index European Telecoms as a result of M&A activity. The Manx share ended the week up 15 percent. The TPSI European Telecoms gained 3.2 percent, benefitting mostly from the heavyweights making gains: Deutsche Telekom (+4.0%), Vodafone (+4.9%), Telefonica (+3.0%) and Orange (+4.4%). They currently represent 11.8, 7.1, 6.9 and 6.2 percent of the index, which managed to stay just ahead of the EuroStoxx 50 index (+3.1%).

Tags: private week hot taking

Category: Telecommunications
 

Apple fined $31m, as court rules in Qualcomm's favour

2019-03-18 01:00:00| Total Telecom industry news

A Californian court has ruled that Apple's iPhone 7, 7 Plus, 8, 8 Plus and X models infringe a number of Qualcomm patents, awarding the US based chip maker $31m in damages. The damages awarded represent a premium of $1.41 per unit sold in the US since Qualcomm originally filed the lawsuit on the 6th July 2017…read more on TotalTele.com »

Tags: rules court apple favour

Category: Telecommunications
 

UK firm secures 25m investment to fast track multi cloud services for public sector

2019-03-18 01:00:00| Total Telecom industry news

UKCloud has secured a £25 million investment from Digital Alpha Advisors LLC, to facilitate the digital transformation of UK public services through the provision of multi cloud services. The investment will allow UKCloud to transform the digital infrastructure of resource…read more on TotalTele.com »

Tags: services public fast track

Category: Telecommunications
 

BT says 'no thanks' to rural roaming in the UK

2019-03-18 01:00:00| Total Telecom industry news

Plans for a single rural network to cover hard-to-reach areas across the UK suffered a setback today, as the UK's incumbent operator said that it would not back the scheme.  According to a report in The Times, BT has said that it will not support calls from Three…read more on TotalTele.com »


Category: Telecommunications
 

Ooredoo doubles down on blockchain as global sped set to hit $12bn by 2022

2019-03-18 01:00:00| Total Telecom industry news

Ooredoo Group has launched its global blockchain initiative as it looks to position itself as one of the industry's early movers on blockchain. A new report, published by IDC, claims that the global blockchain spend will increase exponentially over the next three years…read more on TotalTele.com »


Category: Telecommunications
 

Ooredoo doubles down on blockchain as global spend set to hit $12bn by 2022

2019-03-18 01:00:00| Total Telecom industry news

Ooredoo Group has launched its global blockchain initiative as it looks to position itself as one of the industry's early movers on blockchain. A new report, published by IDC, claims that the global blockchain spend will increase exponentially over the next three years…read more on TotalTele.com »


Category: Telecommunications
 

Ambani avoids jail as RCom pays $77m to Ericsson

2019-03-18 01:00:00| Total Telecom industry news

Reliance Communications' chairman Anil Ambani has avoided a custodial sentence as his company completed the payment of $77m to Swedish network equipment provider Ericsson.  The money was due to have been paid by the end of 2018 and Ambani was given until the 20th March 2019 to make payment of the outstanding dues or face imprisonment for contempt of court…read more on TotalTele.com »


Category: Telecommunications
 

German court rejects last-minute injunction against 5G auction

2019-03-15 16:31:00| Telecompaper Headlines

(Telecompaper) The German administrative court of Cologne has rejected the appeals for an injunction against the 5G auction, DPA reports. The appeals were filed by Deutsche Telekom, Vodafone, Telefonica Germany and Freenet. The judge said that there is no urgency for such as court order, as the rules set by the Federal Network Agency are lawful. The main proceeding of the operators' lawsuits against the 5G licence conditions will likely start in a few months. 


Category: Telecommunications
 

Facebook loses chief product officer Cox, WhatsApp chief Daniels

2019-03-15 09:01:00| Telecompaper Headlines

(Telecompaper) Facebook announced that its chief product officer Chris Cox and WhatsApp head Chris Daniels are leaving the company. 

Tags: product chief officer cox

Category: Telecommunications
 

Maroc Telecom to acquire Tigo Chad from Millicom

2019-03-15 08:32:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom has signed an agreement with Millicom to acquire 100 percent of the shares of its subsidiary Tigo Chad. The acquisition aims to consolidate the presence of Maroc Telecom in Africa, while continuing Millicom's gradual exit from Africa to focus on Latin America.

Tags: telecom chad acquire maroc

Category: Telecommunications
 

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