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Lenovo posts FY loss as mobile losses offset PC recovery

2018-05-24 08:47:00| Telecompaper Headlines

(Telecompaper) Lenovo posted a net loss for its fiscal year to March of USD 189 million, versus a profit of USD 535 million a year earlier, hurt by continued losses at its smartphone and data centre businesses and a writedown of tax assets after the US corporate tax reform. Revenues rose 5 percent to USD 45.35 billion, as the PC division returned to growth, while operating profit dropped 42 percent to USD 387 million. The company maintained its dividend at HKD 20.5 cents per share. 

Tags: pc posts mobile loss


Comcast confirms plans for 21st Century Fox offer, outbidding Disney

2018-05-23 14:14:00| Telecompaper Headlines

(Telecompaper) Comcast has confirmed it's preparing a bid for much of 21st Century Fox that would beat Disney's earlier offer of USD 52.4 billion. The company did not disclose the terms of its expected bid, but said it would be all cash, rather than the shares offered by Disney, and cover the same assets, excluding the Fox network and cable channels. 

Tags: offer plans century fox


Nordic countries partner to take early 5G lead

2018-05-23 13:00:00| Telecompaper Headlines

(Telecompaper) The prime ministers of the Nordic region have signed a letter of intent concerning 5G development. They declared their commitment to creating the conditions in the public sector for digitisation and 5G to flourish. They have agreed to the common vision of being the first and most integrated 5G region in the world, creating a common Nordic 5G space.

Tags: partner early lead countries


HTC unveils new flagship U12+ smartphone

2018-05-23 10:20:00| Telecompaper Headlines

(Telecompaper) HTC has unveiled its new flagship smartphone, the U12+. With the slogan 'living on the edge', the device builds on the previous HTC squeeze features to allow users to control the 6-inch device with one hand touching the edges. The Edge Sense 2 system recognises which hand is holding the phone, so gestures such as squeezing the device, doubling clicking the side or holding down can launch common functions such as the camera, zooming in a map or navigating the screen. 

Tags: smartphone htc flagship unveils


Xiaomi launches retail presence in France and Italy

2018-05-23 09:44:00| Telecompaper Headlines

(Telecompaper) Chinese brand Xiaomi has started officially selling its products in France ahead of the opening of its Italian store on 24 May. In a statement Xiaomi said its French commercial push includes its own Mi.com e-commerce site and its first authorised Mi Store at 39 Boulevard de Sebastopol in Paris. It has also partnered with e-commerce platforms such as Cdiscount, Amazon, Auchan, Boulager, Fnac, Darty and Carrefour, and with local offline retailers, to present a broad range of its products across France. It added that Orange, SFR, Bouygues and Free subscribers will also be able to buy Xiaomi smartphones in the near future.

Tags: france italy retail presence


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