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Airtel Ghana MD resigns ahead of merger with Tigo

2017-10-11 11:23:00| Telecompaper Headlines

(Telecompaper) Airtel Ghana CEO Lucy Quist has announced her departure from the telecommunications company ahead of Airtel's merger with Tigo, Myjoyonline reported. In her Facebook post, Quist announced that the time was right for her to move on to the next chapter. Quist joined Airtel Ghana in 2014 as the first Ghanaian female CEO of a major multinational telecom company. 

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Category:Telecommunications

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LG Electronics posts Q3 sales up 15%, higher operating profit

2017-10-11 10:07:00| Telecompaper Headlines

(Telecompaper) LG Electronics reported higher third-quarter results in its preliminary report. Revenues are expected to grow 15.2 percent year-on-year and 4.6 percent quarter-on-quarter at nearly KRW 15.22 trillion, and the operating profit is expected to jump 82.2 percent year-on-year to KRW 516.1 billion. However, quarter-on-quarter, operating income is expected to plunge 22.3 percent from 664 billion in the second quarter of 2017.

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Category: Telecommunications

 

 

Alibaba to double R&D spending to USD 15 bln, with eye towards 'moonshot' projects

2017-10-11 09:16:00| Telecompaper Headlines

(Telecompaper) Alibaba said it will be doubling its R&D spend over the coming three years to USD 15 billion in order to develop next-generation technology and explore moonshot projects aimed at upending industries, Bloomberg reported. Alibaba plans to set up seven research labs and hire 100 scientists around the world to push further into artificial intelligence, the Internet of Things and quantum computing, the company said in an emailed statement. Specific fields include machine learning, visual computing and network security.

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Category: Telecommunications

 

 

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