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Finland buys 3.3% stake in Nokia

2018-03-13 15:08:00| Telecompaper Headlines

(Telecompaper) The Finnish state investment fund Solidium has acquired a 3.3 percent stake in Nokia for approximately EUR 844 million. The fund said it used proceeds from selling its stake in Telia earlier this year in order to invest in Nokia, which is based on Finland. 

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Free posts 6% rise in annual EBITDA on steady mobile growth

2018-03-13 10:13:00| Telecompaper Headlines

(Telecompaper) French telecom group Iliad reported full-year revenues of EUR 4.99 billion, up by 5.6 percent on 2016. The mobile business saw revenues increase by 8.4 percent to EUR 2.21 billion, as the operator's customer base continued to grow at a steady pace and with a more favourable subscriber mix. The fixed line operations posted revenues of EUR 2.78 billion, up by 3.5 year-on-year. Full-year EBITDA rose by 6 percent to EUR 1.78 billion. This progression was attributed to a sharp increase in the profitability of the mobile business and was supported by the higher proportion of traffic carried directly on Free Mobile's own network.

Tags: free posts mobile growth

Category: Telecommunications



White House ends Broadcom bid for Qualcomm, citing security concerns

2018-03-13 08:53:00| Telecompaper Headlines

(Telecompaper) The US government will not allow the takeover of Qualcomm by Broadcom, due to national security concerns, according to a statement from the White House. An order signed by US President Donald Trump said there was "credible evidence" that Broadcom, a company based in Singapore, by exercising control over Qualcomm, "might take action that threatens to impair the national security of the United States". 

Tags: house white security bid

Category: Telecommunications



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