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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
 

3 UK commits to investing more than GBP 2 billion for 5G launch

2018-11-07 11:05:00| Telecompaper Headlines

(Telecompaper) 3 UK has announced the completion of several key phases of its network upgrade programme, as part of wider infrastructure investment of more than GBP 2 billion, in preparation for the launch of 5G. The company says it is now well positioned to bring 5G to customers in 2019. 

Tags: launch billion investing gbp

Category: Telecommunications
 

Disney agrees to sell factual channels to win EU approval for Fox takeover

2018-11-07 10:51:00| Telecompaper Headlines

(Telecompaper) The European Commission has approved Disney's planned takeover of 21st Century Fox with the condition that the companies divest several factual channels. These are the channels History, H2, Crime & Investigation, Blaze and Lifetime, which are controlled by A+E Television Networks, a joint venture between Disney and Hearst. The Commission said the concession would resolve its concerns about reduced competition on the market for wholesale supply of TV channels following the merger. 

Tags: sell win approval fox

Category: Telecommunications
 

China Telecom consortium set to win 3rd mobile license in Philippines

2018-11-07 10:06:00| Telecompaper Headlines

(Telecompaper) China Telecom has established a consortium with local companies Udenna and Chelsea Logistics to bid for the Philippines' third mobile operator license. Dubbed Mislatel, the consortium would use Udenna's supply chain knowledge, China Telecom's technologies and Chelsea's logistics and distribution network to deliver the service, ABS-CBN News reports. The National Telecommunications Commission qualified the bid as the sole candidate after an initial evaluation of offers. 

Tags: set china mobile license

Category: Telecommunications
 

Nokia wins contracts worth EUR 2 bln from three Chinese operators

2018-11-07 09:26:00| Telecompaper Headlines

(Telecompaper) Nokia announced it has signed three separate frame agreements worth a combined value of more than EUR 2 billion with China Mobile, China Telecom and China Unicom. Under the terms of the contracts, Nokia will deploy technologies and services designed to upgrade performance in fixed and mobile broadband networks across China to support operators' transition to 5G.

Tags: eur chinese worth nokia

Category: Telecommunications
 

Oppo unveils Oppo RX17 Pro smartphone in Milan

2018-11-07 09:09:00| Telecompaper Headlines

(Telecompaper) Chinese smartphone producer Oppo unveiled its Oppo RX17 Pro smartphone in Milan. It is Oppo's second major introduction for the European market this year. In June, Oppo kicked off expansion plans in the European market with the introduction of the Oppo Find X in Paris. Just as with that phone, the new Oppo RX17 Pro will also focus, for the time being, on four European countries, namely Spain, Italy, France and the Netherlands. According to Oppo, consumers in these four countries are most open to new smartphone brands. Further expansion within Europe is on the cards and Oppo expects to launch in the UK by the end of this year or at the start of next year.

Tags: pro milan smartphone unveils

Category: Telecommunications
 

US court orders Qualcomm to license modem technology to other chipmakers

2018-11-07 08:36:00| Telecompaper Headlines

(Telecompaper) Qualcomm must license some of its modem technology to competitors such as Intel, a US federal judge has ruled. The preliminary ruling came in a competition lawsuit against Qualcomm brought by the US Federal Trade Commission in early 2017, Reuters reports. The lawsuit is scheduled to go to trial next year.

Tags: technology license orders court

Category: Telecommunications
 

GSMA: Could lack of spectrum access wreck 5G for operators before it has begun?

2018-11-07 01:00:00| Total Telecom industry news

Operators could miss a significant opportunity to kick start their 5G rollout campaigns, unless they are given speedy and efficient access to spectrum, according to a new report published by the GSMA…read more on TotalTele.com »

Tags: it has access lack

Category: Telecommunications
 

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