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Baidu's Q4 revenues jump 29%, profit up 1%; plans IPO for iQiyi

2018-02-14 07:58:00| Telecompaper Headlines

(Telecompaper) Chinese search provider Baidu reported total revenues of CNY 23.6 billion (approximately USD 3.62 billion) for the fourth quarter of 2017, a 29 percent increase year-on-year and just ahead of its guidance. Mobile revenue represented 76 percent of total revenues, compared to 65 percent for the fourth quarter of 2016. Net income amounted to CNY 4.2 billion, representing 1 percent growth year-on-year, and adjusted EBITDA increased 78 percent year-on-year to CNY 6.9 billion. 

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Court of appeal rejects Three's case for lower spectrum

2018-02-14 01:00:00| Total Telecom industry news

Ofcom is to proceed with its 5G spectrum auction, after the Court of Appeal rejected a suit brought by Three. Three argued against a 37% cap on the amount of spectrum that any operator can own.  “The Court of Appeal has very firmly rejected Three&rsquo…read more on TotalTele.com »

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