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Disney reorganises entertainment business to focus more sharply on streaming

2020-10-13 09:48:00| Telecompaper Headlines

(Telecompaper) Disney is reorganising its media and entertainment business, with attention going more on its streaming services, such as the successfully launched Disney+. Under the new structure, the company wants to sharpen its focus on developing and producing original content for its streaming services as well as for its legacy platforms. Distribution and commercialisation activities will meanwhile get centralised into a single, global Media and Entertainment Distribution group, also responsible for ad sales and for overseeing operations around streaming services. Disney CEO Bob Chapek said the idea is have the company's creative teams make "world-class, franchise-based content, while our newly centralised global distribution team will focus on delivering and monetising that content in the most optimal way across all platforms, including Disney+, Hulu, ESPN+ and the coming Star international streaming service."

Tags: business entertainment focus disney


STC and Rakuten Mobile sign cooperation agreement

2020-10-12 13:20:00| Telecompaper Headlines

(Telecompaper) Saudi operator STC and Rakuten Mobile have signed a cooperation agreement covering innovation and strategic mobile technology. The two companies will explore future opportunities to collaborate in various technology domains, including, fully autonomous digital platforms serving cloud networks, OpenRAN deployment options for greenfield and brownfield use-cases, operating models and business value realisation.

Tags: sign mobile agreement cooperation


Nokia predicts 5G could add USD 8 trillion to world GDP by 2030

2020-10-12 12:04:00| Telecompaper Headlines

(Telecompaper) Nokia said that 5G-enabled industries have the potential to add USD 8 trillion to global GDP by 2030, as Covid-19 accelerates medium and long-term digital investment and value creation. The '5G Business Readiness Report' by Nokia and Nokia Bell Labs finds that 5G-mature companies are growing faster and are the only ones with a net increase in productivity following the pandemic. It said 71 percent of companies will invest in 5G over the next five years, with Saudi Arabia and the US leading adoption.

Tags: by add world usd


Orange starts partial sale of rural FTTP infrastructure assets in France report

2020-10-12 10:30:00| Telecompaper Headlines

(Telecompaper) Orange has reportedly hired Credit Suisse to manage the partial sale of Orange Concessions, a new subsidiary that will own the open access fibre networks that the operator has been deploying in French rural areas. According to Les Echos, the first round of an auction will take place this week after the sale attracted several potential buyers. Interested parties include infrastructure investors such as Australian fund manager IFM and US firm I Squared, as well as a number of institutional investors based in France (CNP, Credit Agricole Assurances, Caisse des Depots, EDF Invest) and abroad (Singapore's GIC and Canadian CDPQ).

Tags: report france sale orange


Telefonica in talks to raise EUR 5 bln for German fibre expansion - report

2020-10-12 10:26:00| Telecompaper Headlines

(Telecompaper) Telefonica is in talks with lenders and investors to receive EUR 5 billion for fibre expansion in Germany, Reuters reports, citing sources. Banks would lend two thirds of the money and the rest would be equity, including from an investor now holding exclusive talks with Telefonica. The company will invest the cash in fibre projects one step at a time. Telefonica Germany could take a passive equity stake in the new infrastructure unit responsible for fibre expansion, the report added, and could become an anchor customer.

Tags: report eur german expansion


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