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Vodacom Group revenue growth improves to 6.6% in Q3

2020-02-04 09:28:00| Telecompaper Headlines

(Telecompaper) Vodacom Group improved its revenue growth to 6.6 percent in the company's fiscal third quarter ended 31 December, to ZAR 23.6 billion. Service revenue rose 5.7 percent to ZAR 18.9 billion, and Vodacom said it added 2 million customers during the quarter to serve a total of 117 million, including Safaricom. 

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Google revenue growth slows, new figures show YouTube, Cloud leading growth

2020-02-04 08:51:00| Telecompaper Headlines

(Telecompaper) Google's parent company Alphabet reported a return to profit growth in the fourth quarter, while revenue growth slowed from previous quarters. Sales increased 17 percent to USD 46.1 billion, operating profit rose 20 percent to USD 9.3 billion, and net profit improved to USD 10.7 billion from USD 8.9 billion in the year-earlier period.

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Baidu raises Q4 revenue guidance, postpones results amid coronavirus outbreak

2020-02-03 10:09:00| Telecompaper Headlines

(Telecompaper) Baidu has updated its guidance for the fourth quarter of 2019. Baidu has also postponed the date for reporting its financial results for the fourth quarter to 27 February, "due to the evolving situation brought upon by the outbreak of the novel coronavirus in China". This decision is expected to give Baidu "more time to observe the business condition for the first quarter of 2020", the company said.

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BT reports lower Q3 revenue, estimates network vendor cap costs at GBP 500 mln

2020-01-30 10:56:00| Telecompaper Headlines

(Telecompaper) BT has announced reported revenue of GBP 17.25 billion and adjusted revenue of GBP 17.19 billion for the nine months to 31 December 2019, both down 2 percent on the effects of regulation, competition and legacy product declines. The company also warned that the recent government decision on the use of certain network vendors would cost the company around GBP 500 million over five years. 

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OTT video revenue to grow to over $200 billion by 2024

2020-01-28 15:00:28| Digital TV News

The Over-the-Top (OTT) video market will surpass US$200 billion by 2024, with 90% of that value fueled by subscription and advertising revenue, according to ABI Research. Subscriptions in the Asia-Pacific region have grown significantly.

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