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Kaspersky Lab moves core processes from Russia to Switzerland

2018-05-15 10:28:00| Telecompaper Headlines

(Telecompaper) Kaspersky Lab is adapting its infrastructure to move a number of core processes from Russia to Switzerland. This includes customer data storage and processing for most regions, as well as software assembly, including threat detection updates. By the end of 2019, data from customers in Europe, North America, Japan, Singapore, Australia and South Korea will be stored and processed in Zurich. To ensure full transparency and integrity, Kaspersky Lab is arranging for this activity to be supervised by an independent third party, also based in Switzerland.

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Category:Telecommunications

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China Tower files for Hong Kong IPO worth possible USD 10 bln

2018-05-15 08:46:00| Telecompaper Headlines

(Telecompaper) China Tower, a mobile infrastructure operator owned by the state, has filed for an initial public offering of shares in Hong Kong. China Mobile has a 38 percent stake in China Tower, with China Unicom and China Telecom each holding around 28 percent and China Reform Holdings, a state-owned investment fund, owning 6 percent. The three carriers pay leasing fees to use China Tower's facilities.

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Vodafone meets FY outlook, sees EBITDA growth slowing in new year

2018-05-15 08:29:00| Telecompaper Headlines

(Telecompaper) Vodafone said it expects a slowdown in underlying profit growth this year, after meeting its outlook for the fiscal year to March 2018. Last year, organic adjusted EBITDA grew 11.8 percent to EUR 14.74 billion, ahead of its outlook for around 10 percent growth, while this year growth will slow to 1-5 percent, as the company faces growing competition in key markets such as Spain and Italy. 

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Category: Telecommunications

 

 

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