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Netflix reaches 125 mln subscribers after strong Q1

2018-04-17 10:00:00| Telecompaper Headlines

(Telecompaper) Netflix said it reached a first quarter record of 7.41 million streaming subscribers added, with 1.96 million coming from the US and 5.46 million elsewhere. The total number of subscribers amounted to 125 million, up from over 117 million in the previous quarter and almost 98 million a year ago, including almost 57 million in the US and over 68 million outside. The results passed company expectations of 6.3 million additions. Netflix also reached record revenue growth, pushed by its strong show at international, which now accounts for 50 percent of revenues and 55 percent of subscribers.


Category:Telecommunications

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Bouygues Telecom denies SFR takeover rumour

2018-04-17 09:54:00| Telecompaper Headlines

(Telecompaper) Bouygues Telecom's parent company issued a statement denying it was holding talks over a possible acquisition of a market rival. This was in response to information gathered by Bloomberg from unnamed sources regarding "early talks" over a possible bid for Altice's French assets between Bouygues and other investors, including private equity firm CVC Capital Partners. Altice told Bloomberg that SFR was one of its essential assets and a long-term project of the group.


Category: Telecommunications

 

 

ZTE banned from buying US components for 7 years

2018-04-17 08:58:00| Telecompaper Headlines

(Telecompaper) ZTE has been banned from buying components or parts from the US for seven years, after the US Commerce Department said the company violated the terms of a settlement reached last year with the US government, the Wall Street Journal reported. ZTE was fined for shipping equipment to Iran and North Korea in times of sanction. It then paid a full bonus to the employees that engaged in these practices and gave false information, moves the US found to be against the settlement terms agreed upon. Separately, the UK has also warned UK telecom companies to not use ZTE equipment and services, on security grounds. Cybersecurity officials in the country are concerned that China could force ZTE to infiltrate or sabotage telecom equipment. 


Category: Telecommunications

 

 

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