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Trump allows ban on foreign ICT companies over security threats

2019-05-16 09:18:00| Telecompaper Headlines

(Telecompaper) The US President Donald Trump has signed an executive order effectively banning US organisations from doing business with Chinese telecom equipment makers Huawei and ZTE. Named 'Securing the Information and Communications Technology and Services Supply Chain', the order blocks transactions with companies controlled or influenced by a "foreign adversary" due to national security concerns.

Tags: security companies foreign ban

Category:Telecommunications

Cisco tops expectations with quarterly revenue growth of 6%

2019-05-16 08:49:00| Telecompaper Headlines

(Telecompaper) Cisco reported results for its fiscal third quarter to April at the high end of its guidance. Revenues rose 6 percent to USD 13.0 billion after excluding the sold service provider video business, and EPS jumped 23 percent to USD 0.69, helped by the company's share buyback. 

Tags: growth revenue expectations quarterly

Category:Telecommunications

Alibaba revenue growth improves to 51% in Q4, outlook cautious for new year

2019-05-15 17:00:00| Telecompaper Headlines

(Telecompaper) Alibaba's growth accelerated in the company's fiscal fourth quarter to March, showing little impact from the slowing Chinese economy. Sales were up 51 percent year-on-year to CNY 93.5 billion (USD 13.9 billion). Its core e-commerce business grew 54 percent to CNY 78.9 billion, while cloud computing was up 76 percent to CNY 7.7 billion. The net profit more than tripled, to CNY 23.4 billion from CNY 6.6 billion, thanks to valuation gains on investments. 

Tags: new year growth revenue

Category:Telecommunications

Eutelsat lowers FY revenue outlook, as underlying revenues contract 4% in fiscal Q3

2019-05-15 10:49:00| Telecompaper Headlines

(Telecompaper) The company confirmed the other financial objectives for the current and following years, noting that a return to slight revenue growth was still expected for FY 2019-20. It also said that it was working to secure significant savings on its annual tax burden, which should amount to a reduction of EUR 70 million.

Tags: in contract fiscal revenue

Category:Telecommunications

Trump set to sign executive order banning business with Huawei - report

2019-05-15 09:18:00| Telecompaper Headlines

(Telecompaper) US President Donald Trump is expected to sign an executive order this week barring US companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with Huawei, three US officials familiar with the plan told Reuters.

Tags: business sign order set

Category:Telecommunications

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