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LG sells over 100,000 5G smartphones in first weekend of sales

2019-05-13 15:13:00| Telecompaper Headlines

(Telecompaper) LG Electronics received over 100,000 orders for its first 5G smartphone the first weekend of sales in Korea. Local mobile carriers said the device's first week sales volume already surpassed that of its predecessor, the V40 ThinQ, the Korea Times reports. 

Tags: of sales weekend sells

Category: Telecommunications

UK mobile networks agree to share masts in rural areas

2019-05-13 11:16:00| Telecompaper Headlines

(Telecompaper) The CEOs of the UK's four mobile network operators - O2 (Telefonica), Vodafone, EE and 3 UK - have agreed to establish a new company to help improve 4G coverage in rural areas, reports the Financial Times. 

Category: Telecommunications

Vodacom Group FY revenue rises 4.3% to ZAR 90.1 bln, customers up 5.8%, net profit dips

2019-05-13 09:52:00| Telecompaper Headlines

(Telecompaper) Vodacom Group said its revenue increased by 4.3 percent to ZAR 90.1 billion in the year ended 31 March. It ended the fiscal year with 110 million customers, up by 5.8 percent. Operating profit rose 1.1 percent to ZAR 24.51 billion, or 7.4 percent excluding a one-off, non-cash IFRS 2 charge of ZAR 1.4 billion and transaction costs of ZAR 124 million relating to the BEE deal. Net profit decreased slightly to ZAR 15.44 billion from ZAR 15.56 billion in 2018.

Tags: net group customers profit

Category: Telecommunications

EU opens in-depth probe of Telia's acquisition of Bonnier Broadcasting

2019-05-13 09:38:00| Telecompaper Headlines

(Telecompaper) The European Commission said it has opened an in-depth investigation into the proposed acquisition of Bonnier Broadcasting by Telia Company under the EU Merger Regulation. It is concerned that the merged entity might shut out competitors from the audio-visual sector in Finland and Sweden. It could hit consumer channel prices, rivals' advertising, and streaming access, it said. Telia said the investigation was expected and it still expects to completes the acquisition. 

Tags: opens acquisition probe broadcasting

Category: Telecommunications

Mobilezone expands in Germany with acquisition of Sparhandy

2019-05-13 09:26:00| Telecompaper Headlines

(Telecompaper) Swiss retailer Mobilezone has acquired Cologne-based Sparhandy (SH) Telekommunikation Deutschland. The purchase price corresponds to a multiple of 7.4x normalized EBIT in 2018 of EUR 10 million. The price consists of three components: cash, 4,466,376 Mobilezone shares and an earn-out of EUR 3 million. 

Tags: germany acquisition expands

Category: Telecommunications

Last week in telecoms: augmented earnings reports from Iliad, Deutsche Telekom, Liberty Global, BT, Zayo and Telefonica

2019-05-13 07:01:00| Telecompaper Headlines

(Telecompaper) The European telecoms marktet was particularly eventful in week 19, but a downturn couldn't be prevented against the backdrop of an overall market downturn. The Telecompaper Stock Index (TPSI) European Telecoms Services was down 1.2 percent, against a 4.0 percent loss for the EuroStoxx 50 index. Iliad was the winner, on the sale of much of its tower portfolio, followed closely by its counterpart Cellnex, with a string of deals in its pocket. Tele Columbus was the week's biggest loser, without significant news, losing 11 percent, followed by BT.

Tags: week global reports deutsche

Category: Telecommunications

Last week in media: Walt Disney dominates, broadcasters ITV, ProSieben and Viacom update on streaming video services

2019-05-13 07:00:00| Telecompaper Headlines

(Telecompaper) Walt Disney once more dominated the news in the global media market. The Telecompaper Stock Index (TPSI) Global Consumer Media performed in line (-2.1%) with the S&P 500 index (-2.2%) in week 19. Other news was mostly earnings and streaming video related. ITV, Snap and McClathcy all lost 11 percent, whereas Sinclair Broadcast was the week's biggest winner with a gain of no less than 38 percent. This puts Sinclair easily on top in the year-to-date view, gaining 135 percent. Snap, winning 90 percent, nearly doubled from the end of 2018.

Tags: services video media week

Category: Telecommunications

EE, Vodafone, O2 and Three agree deal to eliminate Britains notorious connectivity not-spots

2019-05-13 02:00:00| Total Telecom industry news

The UK’s four mobile network operators have agreed a deal to allow shared access to their mobile network infrastructure, in a bid to boost connectivity in rural and hard to reach locations. Senior representatives from EE, Vodafone, O2 and Three agreed to allow access to one another&rsquo…read more on TotalTele.com »

Tags: agree deal eliminate vodafone

Category: Telecommunications

Huawei CFO thanks colleagues for continued support during Canadian ordeal

2019-05-13 02:00:00| Total Telecom industry news

Huawei's Chief Financial Officer, Sabrina Meng Wanzhou, has expressed her heartfelt thanks to her company's 188,000 employees, for their continued support during her incarceration in Canada. Wanzhou is currently being held in Canada, following a request from US officials for her to be extradited to the States, where she faces charges of fraud…read more on TotalTele.com »

Category: Telecommunications

The FCC blocks China Mobile's application for a US telecoms licence

2019-05-13 02:00:00| Total Telecom industry news

America's telecoms regulator, the Federal Communications Commission (FCC), has blocked a request by China Mobile to provide telecommunications services in the US. China Mobile had applied for a licence that would allow it connect calls to and from US mobiles to numbers overseas…read more on TotalTele.com »

Category: Telecommunications

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