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America Movil nearly doubles Q2 net profit

2017-07-19 02:00:00| Total Telecom industry news

America Movil late on Tuesday reported an 85.88% year-on-year surge in second quarter profit, as the Mexican telco group benefitted from foreign exchange gains and mobile data growth…read more on TotalTele.com »

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Category: Telecommunications

AT&T talks up edge computing credentials

2017-07-19 02:00:00| Total Telecom industry news

AT&T this week talked up its edge computing credentials in a bid to position itself to capitalise on future demand for low latency services like self-driving cars, and augmented reality and virtual reality (A/VR). The U.S…read more on TotalTele.com »

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Category: Telecommunications

M1 back off the block as owners cancel review

2017-07-19 02:00:00| Total Telecom industry news

M1 is no longer up for sale, after the Singaporean telco's three major shareholders cancelled their strategic review. Singapore Press Holdings (SPH), Malaysia's Axiata, and Keppel Telecommunications and Transportation…read more on TotalTele.com »

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Category: Telecommunications

Vodafone UK preps prepay bundle roll over

2017-07-19 02:00:00| Total Telecom industry news

Vodafone UK on Wednesday said later this summer it will give prepay customers on rolling monthly contracts the ability to carry over unused voice, text and data to the next billing cycle. Called Total Rollover, it builds on the data rollover service Vodafone introduced in December 2016. It is available on its Big Value Bundles…read more on TotalTele.com »

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Category: Telecommunications

NetLink IPO oversubscribed, raises SGD 2.35 billion

2017-07-18 14:21:00| Telecompaper Headlines

(Telecompaper) Singapore's NetLink NBN said its initial public offering of shares was two times oversubscribed, with demand for SGD 4.7 billion in shares. The wholesale network operator offered a total 2.713 million units to institutional investors and 185 million to the public in Singapore, at a price of SGD 0.81 per unit. This gives it gross proceeds of SGD 2.35 billion and a market capitalisation of SGD 3.1 billion.

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Category: Telecommunications

Liberty Global invests in new production studio with TPG

2017-07-18 12:04:00| Telecompaper Headlines

(Telecompaper) Liberty Global is starting its own TV production and distribution studio, with support from venture capital group TPG. Liberty Global will have a minority stake in the company Platform One Media, and TPG will fund their investment through Evolution Media, an investment partnership with CAA and Participant Media. Additional terms of the investment were not disclosed.

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Category: Telecommunications

Russia orders end to national roaming charges within 2 weeks

2017-07-18 09:21:00| Telecompaper Headlines

(Telecompaper) Russian federal competition watchdog FAS has ordered the four major Russian mobile operators to stop charging extra for national roaming within 14 days. Beeline, MTS, Megafon and Tele2 Russia were ordered to apply the same rates for their services as in the customer's home region when the customers are traveling within the country. The regulator said that the differences in price were groundless, both from an economic and technological point of view.

Tags: end national weeks orders

Category: Telecommunications

Ericsson cuts deeper after Q2 loss, lowers market forecast

2017-07-18 08:47:00| Telecompaper Headlines

(Telecompaper) Ericsson has decided to further reduce costs beyond its restructuring plan, after reporting another disappointing quarter of losses. CEO Borje Ekholm said the company was not satisfied with its underlying performance in the second quarter and he sees further downside in the market going forward.

Tags: market loss ericsson cuts

Category: Telecommunications

Netflix adds 5.2 mln customers in Q2, sales up 32%

2017-07-18 08:27:00| Telecompaper Headlines

(Telecompaper) Netflix added 5.20 million new subscribers in the second quarter for a total 104 million at the end of June, well ahead of is outlook for growth of 2.95 million. It expects another strong quarter in Q3, with a forecast for the addition of 6.40 million new customers. The strong results led to a 10 percent jump in its share price to a new record in post-close trade.

Tags: up sales customers adds

Category: Telecommunications

TIM to make San Marino Europe's first 5G state

2017-07-18 02:00:00| Total Telecom industry news

TIM this week declared that the tiny state of San Marino will be the first in Europe to have a 5G network, announcing several interim upgrades planned for this year. The Italian incumbent on Monday signed a memorandum of understanding (MoU) with the San Marino government paving the way for TIM &ndash…read more on TotalTele.com »

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Category: Telecommunications

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