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Google fined RUB 438 mln over app deals on Android phones

2016-08-12 08:35:00| Telecompaper Headlines

(Telecompaper) The Russian Federal Antimonopoly Service has issued a fine of RUB 438 million (USD 6.8 million) against Google for abusing its dominant position in the Android smartphone market. This follows an investigation completed last September, in which Google was found to be violating competition law by making device manufacturers pre-install its apps. FAS said this mean other app developers were prevented from having their products on Android phones. The investigation had started following a complaint from Yandex, Russia's leading search engine. Yandex has since started pre-installing its own apps on a number of Android devices.

Tags: google deals phones app

 

Apple buys AI startup Turi for USD 200 mln - report

2016-08-08 09:14:00| Telecompaper Headlines

(Telecompaper) Apple has bought machine learning and artificial intelligence startup Turi, formerly known as Dato and GraphLab and founded by Carlos Guestrin, GeekWire reported. No financial details were given but sources with knowledge of the deal put the purchase price at around USD 200 million. The acquisition reflects a larger push by Apple into artificial intelligence and machine learning. It also promises to further increase its presence in the Seattle region. Both Apple and Turi declined to comment.

Tags: report usd apple startup

 
 

Japan tops 157 mln mobile subscribers in June quarter

2016-08-03 15:43:00| Telecompaper Headlines

(Telecompaper) Japan ended June with 157.5 million mobile customers, up from 151.4 million in December 2015. Mobile operator Softbank had 39.3 million mobile subscribers in the quarter ended 30 June, down from 39.5 million in December 2015, according to a report from the Telecommunications Carrier Association (TCA).

Tags: june mobile japan quarter

 

Zain Group H1 revenue falls 2% to KWD 552 mln, EBITDA up 6%

2016-08-01 09:03:00| Telecompaper Headlines

(Telecompaper) Zain Group reported revenues for the first six months of 2016 of KWD 552 million, down 2 percent year-on-year. EBITDA rose by 6 percent to KWD 255 million compared with the same period in 2015. The EBITDA margin increased to 46.2 percent from 42.8 percent for the same period of 2015.

Tags: up group falls revenue

 

Icann sells .web domain for record USD 135 mln

2016-07-29 15:34:00| Telecompaper Headlines

(Telecompaper) The .web domain has sold for a record USD 135 million in an auction by Icann. A company called Nu Dot Co won the auction and can now offer firms the chance to own a domain ending .web. The figure is three times as much as was paid for the previous record holder, .shop, which went for USD 41.5 million, the BBC reports. Losing bidders for the domain included Google and net registry firms Afilias, Radix and Donuts. It was not known who is behind the company Nu Dot Co, but it faced pressure to be excluded from the auction by the other bidders.

Tags: web record domain usd

 

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