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Qualcomm results fall as Apple withholds royalties

2017-07-20 08:23:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported lower results for its fiscal third quarter to June, hurt by its dispute over licensing payments from Apple. Revenues fell 11 percent year-on-year to USD 5.4 billion, and net profit was down 40 percent to USD 0.9 billion or 58 cents a share. The results are in line with the chipmaker's reduced guidance, issued in late April after Apple's contract manufacturers stopped paying royalties. The lack of information from these customers meant Qualcomm did report figures on device shipments for the quarter.

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Category: Telecommunications

Etisalat Nigeria rebrands, touts itself to potential investors

2017-07-20 02:00:00| Total Telecom industry news

Etisalat Nigeria has a new name and is open to the possibility of new investors, it emerged this week. Reuters reported on Wednesday that the Nigerian Communications Commission (NCC) approved the new brand…read more on TotalTele.com »

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Category: Telecommunications

Tele2 raises outlook after strong Q2

2017-07-20 02:00:00| Total Telecom industry news

Tele2 on Wednesday raised its full year outlook following a strong second quarter financial performance. Revenue jumped 20% year-on-year to 7.99 billion kronor (€836.68 million), thanks largely to the acquisition of B2B provider TDC Sweden, and solid growth at its operating units in Kazakhstan and across the Baltics…read more on TotalTele.com »

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Category: Telecommunications

Altice names Microsoft exec as Portugal CEO

2017-07-20 02:00:00| Total Telecom industry news

Altice this week appointed high-ranking Microsoft executive Claudia Goya as CEO of its Portugal arm. Goya most recently served as chief operating officer of Microsoft Brazil. Before that…read more on TotalTele.com »

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Category: Telecommunications

T-Mobile US Q2 profit more than doubles on 1.3m net adds

2017-07-20 02:00:00| Total Telecom industry news

T-Mobile US late Wednesday announced it more than doubled its second quarter net profit, as it shook off increased competition from its rivals, adding 1.3 million new customers. It marks the 17th consecutive quarter that T-Mobile has added more than 1 million new customers…read more on TotalTele.com »

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Category: Telecommunications

Crown Castle confirms USD 7.1 billion takeover of Lightower

2017-07-19 09:07:00| Telecompaper Headlines

(Telecompaper) US towers operator Crown Castle confirmed the acquisition of fibre network operator Lightower for USD 7.1 billion. The price agreed with Lightower's owners Berkshire Partners, Pamlico Capital and other investors is worth around 13.5x the expected adjusted EBITDA contribution from Lightower in the first year of ownership. Lightower owns or has rights to 32,000 route miles of fibre in the Northeast US, including major metro areas such as Boston, New York and Philadelphia. The acquisition adds to a string of takeovers by Crown Castle in recent months to boost its backhaul network and will give the company a total 60,000 route miles of fibre at closing.

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Category: Telecommunications

Woessner returns to Deutsche Telekom to head German business

2017-07-19 08:47:00| Telecompaper Headlines

(Telecompaper) Niek Jan van Damme, head of Germany at Deutsche Telekom (DT), is leaving the company a year early at the end of 2017 and will be replaced by former DT executive Dirk Woessner, currently president of consumer business at Rogers Communications in Canada, with effect from 1 January 2018.

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Category: Telecommunications

Samsung launches Bixby voice capabilities in US

2017-07-19 08:43:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics has launched voice commands for its digital assistant Bixby in the US. The voice features were delayed for more testing after Samsung originally planned to launch the service with the Galaxy S8 smartphones in March. Galaxy S8 and S8+ owners in the US can now use the Bixby software to control their phone and apps.

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Category: Telecommunications

Tele2 raises FY EBITDA target after growth accelerates in Q2

2017-07-19 08:25:00| Telecompaper Headlines

(Telecompaper) Tele2 has raised its guidance for EBITDA this year, driven by improving results in its growth markets the Netherlands and Kazakhstan and success with its challenger programme in Sweden and the Baltic markets. The company now expects annual EBITDA of SEK 6.26.5 billion compared to previous guidance of SEK 5.96.2 billion, while the capex budget was trimmed to SEK 3.63.9 billion from SEK 3.84.1 billion.

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Category: Telecommunications

America Movil Q2 results improve, service revenue up 8%

2017-07-19 07:54:00| Telecompaper Headlines

(Telecompaper) America Movil reported improved results for the second quarter, with revenues up 6.9 percent year-on-year to MXN 250 billion. Service revenues rose 8.1 percent and were up 4.2 percent on at constant exchange rates, its best performance in ten quarters. The growth was led by mobile data services, which grew revenues 21.8 percent. EBITDA increased 13.7 percent year-on-year to MXN 69.4 billion and rose 10.4 percent at constant exchange rates. The company said all operations posted sequential increases in EBITDA, with very significant moves in Peru, Chile, Argentina, Europe, Mexico and Colombia. The EBITDA margin stood at 27.8 percent, up 0.7 percentage points from the prior quarter and up 1.7 percentage points from a year earlier.

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Category: Telecommunications

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