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BT CEO launches 50m shared ownership model

2019-05-16 02:00:00| Total Telecom industry news

BT's new chief exec, Philip Jansen, has outlined plans to invest £50 million per year in a scheme that would make BT's employees shareholders in the company. The scheme is part of BT's plans to create a leaner…read more on TotalTele.com »


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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. 

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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

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