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Tag: mln
Yahoo! more than doubles profit to USD 163 mln in Q3
2016-10-19 08:31:00| Telecompaper Headlines
(Telecompaper) Yahoo reported a net profit of USD 163 million in the third quarter, more than double the year-earlier total of EUR 76 million, on earnings of USD 1.305 billion, up from USD 1.226 billion in Q3 2015. Earnings per share came in at 20 cents compared to 15 cents a year earlier, while adjusted EBITDA dipped to USD 229 million from USD 244 million. Yahoo's display advertising revenue was down 7 percent year on year to USD 476 million due to a 5 percent fall in the number of ads sold, while mobile revenue increased to USD 396 million from USD 271 million and accounted for 32 percent of traffic-driven revenue. CEO Marissa Mayer announced that she was pleased with the results and said the company was still "busy preparing for integration with Verizon," after the telecommunications giant agreed to buy Yahoo for USD 4.8 billion in July.
Tags: yahoo
usd
profit
doubles
G.Fast tech to reach nearly 30 mln users by 2021 - study
2016-10-17 10:32:00| Telecompaper Headlines
(Telecompaper) New G.fast copper technology services will be serving nearly 30 million subscriber homes and businesses around the world by 2021, according to an Ovum report for NBN and BT. Although the first commercial G.fast services aren't due to launch until next year, the report predicts that the technology will rapidly expand to support 29 million subscribers, or 3 percent of the global fixed broadband market, in just four years. Take-up of G.fast is expected to be particularly strong in Europe, with operators including BT, Swisscom, Deutsche Telekom, Telekom Austria and Proximus (Belgium) all planning to deploy G.fast technology to deliver affordable broadband connectivity quickly and cost-effectively, said the report, adding that about 11 percent of broadband services in Western Europe may be delivered via G.fast within five years.
Novatel sells mobile ops, MiFi spots to TCL for USD 50 mln
2016-09-23 09:29:00| Telecompaper Headlines
(Telecompaper) Novatel Wireless has agreed to sell its mobile broadband operations, including its MiFi branded hotspots and USB modem lines, to Hong Kong's TCL for USD 50 million in cash. The deal is subject to the usual regulatory approvals, as well as the approval of Novatel stockholders and convertible noteholders. The deal is expected to close in the first quarter of next year. Novatel will now put its attention on creating a new public holding company and a new operating structure. The company is currently considering several names and logos to be adopted by the new company going forward.
Yahoo! confirms over 500 mln users' data hacked
2016-09-23 08:24:00| Telecompaper Headlines
(Telecompaper) Yahoo! has confirmed that details of over 500 million of its users' accounts were stolen by what it believes was a state-sponsored attack. The account information may have included names, email addresses, phone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. Yahoo said it does not believe any credit card or other payment details were taken, as this is not stored in the same system found to be hacked. The company added that it looks as if the hacker is no longer in its network, and it's working closely with law enforcement authorities on the investigation. Affected users will be notified and steps taken to secure their accounts.
Tags: data
users
yahoo
confirms
Google to buy Apigee API management platform for USD 625 mln
2016-09-08 17:00:00| Telecompaper Headlines
(Telecompaper) Google has agreed to acquire Apigee, the developer of an API management platform, for USD 625 million. Google offered USD 17.40 per share for the company, a small premium on its last closing price. Pending approval from Apigee stockholders and regulators, the takeover is expected to close by the end of 2016.
Tags: buy
management
google
usd
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