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Telkom Kenya eyes merger with Airtel to rival Safaricom - report

2018-04-11 09:14:00| Telecompaper Headlines

(Telecompaper) Telkom and Airtel Kenya plan to merge operations as a first step to acquiring all of Airtel's assets, creating a stronger challenger to market leader Safaricom, Reuters reported, citing unnamed sources. A source at the communication authority said the two firms have been engaging officials over the plan to share outlets and infrastructure, such as transmission assets, before Telkom acquires Airtel Kenya at an unspecified time. According to the source, the two operators are yet to make a formal application to the regulator disclosing all the details.

Tags: report eyes kenya merger


Sprint, T-Mobile restart merger talks - report

2018-04-11 08:35:00| Telecompaper Headlines

(Telecompaper) Sprint and T-Mobile US have rekindled their merger talks, people familiar with the matter told the Wall Street Journal. This would be the third time in four years the companies discuss a merger.

Tags: report talks sprint merger


Facebook to offer rewards for reporting app misuse of personal data

2018-04-10 17:16:00| Telecompaper Headlines

(Telecompaper) Facebook has launched another effort to stem the abuse of personal data on the social network, offering rewards to people who report any misuse of data by app developers. Inspired by the usual 'bug bounty' programmes to detect security vulnerabilities, the Data Abuse Bounty programme will pay cash to people with first-hand knowledge and proof of cases where a Facebook platform app collects and transfers people's data to another party to be sold, stolen or used for scams or political influence. 

Tags: data personal offer reporting


App revenues soar 22% to over USD 18 bln in Q1

2018-04-10 09:57:00| Telecompaper Headlines

(Telecompaper) Worldwide app downloads and revenues posted record annual rises in the first quarter of 2018, according to the latest report from App Annie. Global iOS and Google Play combined downloads surged more than 10 percent year-on-year to 27.5 billion while combined consumer spend on the two platforms rose 22 percent year-on-year to USD 18.4 billion. The download figures don't include app updates or re-installs on new phones.

Tags: in usd app revenues


TIM to challenge Elliott call for board changes with legal action

2018-04-10 08:38:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has announced that a meeting of its board of directors resolved to "take every legal action" to challenge a decision by statutory auditors to supplement the agenda of the upcoming Annual Shareholders' Meeting to be held on 24 April with a motion proposed by activist fund Elliott to replace six Vivendi-nominated board members. Describing the decision as unlawful, TIM said "statutory auditors can only intervene in a situation of "inertia" (inactivity) of the administrative body in granting the supplementation request made by the shareholders and not in a situation where there is a justified decision which the Board of Statutory Auditors does not agree with," which it said was the case in this particular instance.

Tags: with board call legal


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