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Samsung shuts factories in Brazil, India due to coronavirus

2020-03-25 11:00:00| Telecompaper Headlines

(Telecompaper) The Samsung factory in Manaus (Brazil) has stopped production during the period 24-29 March, as a preventive measure against the coronavirus, reports O Globo. The employees of the factory are on paid leave. Samsung also halted production at its smartphone factory in India, in compliance with the government-imposed lockdown there to stem the spread of the virus. 

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Altice France meets FY targets as EBITDA growth accelerates to 19.6% in Q4

2020-03-25 10:24:00| Telecompaper Headlines

(Telecompaper) Altice Europe posted fourth-quarter results ahead of market expectations after revenue and EBITDA growth accelerated in its core market of France. The group met its full-year free cash flow objective, as EBITDA from the French operations slightly exceeded 2019 guidance. For 2020, it expects to generate higher revenues and EBITDA, targeting faster residential revenue growth in its key geographies.

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Facebook reports jump in messaging, softer ad revenues in countries hit by Covid-19

2020-03-25 08:45:00| Telecompaper Headlines

(Telecompaper) Facebook said it's seen an increase in usage of its services during the coronavirus crisis, especially in hard-hit countries such as Italy. However, the increase is mainly in messaging, a service it does not monetise, while ad revenues on the social network have softened due to the slowdown in economic activity. 

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Category: Telecommunications

 

 

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