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Tag: mln
Apple pays USD 500 mln to settle California class action lawsuit for slowing iPhones
2020-03-03 09:16:00| Telecompaper Headlines
(Telecompaper) Apple will pay up to USD 500 million to settle a case in the US, where consumers accused the company in a class action lawsuit of intentionally slowing down their older iPhones, Reuters reported. The preliminary settlement still requires approval by the US district judge in San Jose, California. It calls for Apple to pay plaintiffs USD 25 per phone, a number which may be adjusted up or down depending on how many iPhones are eligible, with a minimum payment of USD 310 million. Apple denied the accusations but settled the nationwide case to avoid the burdens and costs of litigation, court papers show.
Tags: action
class
california
pays
Masmovil buys MVNO Lycamobile Spain for EUR 372 mln
2020-03-02 10:11:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications group Masmovil, the country's fourth largest network operator, has announced an agreement to acquire 100 percent of the shares of MVNO Lycamobile Spain for a total of EUR 372 million, confirming earlier reports. The subsidiary of the UK-based Lycamobile group has been targeting the ethnic market in Spain since its launch in 2010 and reported revenues of EUR 132 million and an EBITDA of around EUR 45 million last year.
FCC fines carriers USD 200 mln for sharing customer location data
2020-03-02 08:43:00| Telecompaper Headlines
(Telecompaper) The Federal Communications Commission has fined four US mobile operators for failing to protect consumer real-time location data. The FCC has proposed fine of over USD 91 million for T-Mobile US, over USD 57 million for AT&T, over USD 48 million for Verizon and more than USD 12 million for Sprint. The operators were also admonished for disclosing customer location information without authorisation to a third party.
Tags: location
data
customer
usd
Masmovil FY revenues hit EUR 1.7 bln after adding 1.4 mln subs in 2019
2020-02-28 09:47:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 1.68 billion for 2019, up 16 percent year on year, and service revenues of EUR 1.46 billion, up 24 percent, after adding some 1.4 million mobile and fibre customers over the period. Adjusted EBITDA was up 42 percent year on year to EUR 468 million, with the company's EBITDA margin rising 5 percentage points to 28 percent. Full-year profit climbed 32 percent on a reported basis to EUR 93 million, impacted by EUR 108 million non-cash financial expenses related to a convertible bond acquisition in Q2 and a EUR 144 million capital gain derived from the sale of 1 million residential fibre units to Macquarie in Q4.
Spanish govt to bring fibre to 1.5 mln more people in underserved areas
2020-02-24 10:51:00| Telecompaper Headlines
(Telecompaper) The Spanish Ministry of Economic Affairs and Digital Transformation has announced that it plans to significantly expand the number of areas eligible for broadband subsidies with a view to bringing fibre connections to 1.5 million more people in the country. In a statement, the ministry said it's launching a public consultation on a proposal to include so-called 'grey areas' in its PEBA-NGA programme for 2020.
Tags: people
areas
bring
spanish
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