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Tele2 agrees exit terms from Kazakhstan with Kazakhtelecom

2019-05-23 09:43:00| Telecompaper Headlines

(Telecompaper) The Tele2 Group has agreed with Kazakhstan national operator Kazakhtelecom on the price for its share in their joint venture. The net proceeds to Tele2, after deducting the existing earn-out liability, will be USD 169 million. In addition Tele2 will receive full repayment of its shareholder loan amounting to KZT 80 billion. The transaction is expected to close at the end of June.


Category:Telecommunications

Lenovo FY profits up strongly as Moto business turns around

2019-05-23 09:06:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a strong improvement in profits for the year to March, driven by cost-cutting and a return to profit at its mobile activities in the second half of the year. Revenues rose 12.5 percent to a record USD 51.0 billion, operating profit tripled to USD 1.2 billion, and the net profit rose to USD 597 million from USD 33 million a year ago. Lenovo proposed a final dividend of HKD 0.218, up from HKD 0.205 a year ago.


Category:Telecommunications

Google faces new GDPR investigation in Ireland over Ad Exchange

2019-05-23 08:47:00| Telecompaper Headlines

(Telecompaper) The Irish Data Protection Commission announced the start of an investigation into Google's advertising business. In particular, it's concerned about how Google processes personal data for its online Ad Exchange. 


Category:Telecommunications

KaiOS raises another USD 50 mln for 'smart' feature phone software

2019-05-22 16:11:00| Telecompaper Headlines

(Telecompaper) KaiOS Technologies, the maker of an operating system for 'smart' feature phones, has raised another USD 50 million in a series B round of financing. The round was led by Cathay Innovation, with continued participation from existing shareholders Google and TCL Holdings.


Category:Telecommunications

Delta to adjust internet, TV, telephony rates from July

2019-05-22 16:09:00| Telecompaper Headlines

(Telecompaper) Rate increases will range from EUR 1.50 to EUR 3.00 per month. The fixed bundle calling bundles will go up by EUR 1.00-1.25 per month. The starting rate and calling rates per minute for mobile telephony will increase by EUR 0.01- 0.14 and EUR 0.14, respectively. Prices for the additional Fox channel packages will go higher by EUR 0.05-0.55 per month.

Tags: internet july rates delta

Category:Telecommunications

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