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CCIA lobby group calls for US to act against EU copyright 'trade barriers'

2019-02-07 12:31:00| Telecompaper Headlines

(Telecompaper) The Computer & Communications Industry Association lobby group has called for the US government to take action against the growing number of perceived trade barriers in European copyright law. The statement to the US Trade Representative comes ahead of a key meeting of EU states to finalsise their position on the proposed reform of the EU copyright directive, which includes increased regulation of major US-based online platforms, such as Google, Youtube and Facebook. 

Tags: copyright group act trade


Italy looking to ban Huawei, ZTE from 5G rollout - report

2019-02-07 11:01:00| Telecompaper Headlines

(Telecompaper) The Italian government is preparing to ban China's Huawei and ZTE from building the country's 5G network infrastructure over security fears, according to unnamed sources from the defence and foreign affairs ministries cited by local daily La Stampa. The government will make use of the so-called 'golden power' legislation aimed at protecting strategic industries to enable a penalty-free withdrawal from contracts signed with the Chinese giants, said the sources.

Tags: report italy ban huawei


Swisscom posts stable revenue in 2018, sees fall in 2019

2019-02-07 10:34:00| Telecompaper Headlines

(Telecompaper) Swisscom's net revenues in 2018 amounted to CHF 11.71 billion, a slight increase of 0.4 percent year-on-year and better than its outlook for flat revenues. Annual EBITDA fell 1.9 percent to CHF 4.21 billion, in line with guidance, and the EBITDA margin was down from 36.8 percent in 2017 to 36.0 percent in 2018. For 2019, Swisscom expects net revenue to drop to around CHF 11.4 billion, EBITDA to improve to over CHF 4.3 billion and capital expenditure of around CHF 2.3 billion. 

Tags: posts fall stable revenue


Spotify to expand in podcasts as growth expected to slow in 2019

2019-02-06 13:08:00| Telecompaper Headlines

(Telecompaper) Spotify reported strong results for the fourth quarter, at the high end of its outlook thanks to a strong holiday sales campaign. As flagged in its previous quarterly report, the company expects some pressure on margins in 2019, as it launches a new strategy to grow revenue through offering podcasts and other audio content besides music. The group confirmed the acquisitions of Gimlet Media and Anchor to drive the podcast business and said more takeovers are planned this year. 

Tags: in expected growth expand


Snap Q4 results better than expected, with user base stable, reduced losses

2019-02-06 08:45:00| Telecompaper Headlines

(Telecompaper) Snap, the owner of the Snapchat app, reported revenues for the fourth quarter up 36 percent year-on-year to USD 390 million, better than the company's guidance. Its gross margin improved sharply to 45 percent, and the operating loss narrowed to USD 195 million. The adjusted EBITDA loss reduced to USD 50 million from USD 159 million a year ago, also better than expected, and the net loss was USD 192 million, compared to a loss of USD 350 million in Q4 2017. 

Tags: results user base expected


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