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Ooredoo Group net profit grows 16% in first 9 months, revenue down 3%

2020-10-29 09:17:00| Telecompaper Headlines

(Telecompaper) Ooredoo Group said its net profit increased by 16 percent to QAR 1.47 billion in the first nine months to 30 September from QAR 1.26 billion in the same period in 2019 in a more favorable foreign exchange environment. Revenue declined by 3 percent year-on-year to QAR 21.41 billion from QAR 21.96 billion because of Covid-19, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some markets. This was partially offset by growth in Indonesia. 

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Australia's wine producers toast bumper 12 months - data

2020-10-23 14:34:00| Daily beverage news and comment - from just-drinks.com

Wine exports from Australia have hit their highest level in value terms for 13 years, according to the country's wine trade association.

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Quibi: 'Snackable' video app to close after six months

2020-10-22 12:34:33| BBC News | Business | UK Edition

The mobile-focused streaming service says it failed to attract subscribers during the pandemic.

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Short video service Quibi gives up after 7 months

2020-10-22 08:25:00| Telecompaper Headlines

(Telecompaper) The short video streaming service Quibi has announced plans to shut down the service, just over seven months after its launch. The combination of the coronavirus pandemic, which pushed viewers towards longer form content for home viewing, and an unsuccessful business plan means an end to the 'quick bites' service started by former Disney executive Jeffrey Katzenberg and the former HP and eBay CEO Meg Whitman. 

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Quibi Quits: Streaming service folds after just six months

2020-10-22 02:00:00| Total Telecom industry news

In what is being described by some as the first big failure of the streaming era, Quibi announced yesterday that it is closing down.   The streaming service, which focussed on delivering short-form quick bites (or ‘Quibis’) in under 10 minutes, was the brain child of Disney’s chairman Jeffrey Katzenberg, who managed to raise a staggering $1.75 billion in funding since its conception in 2018. Launched back in April this year…read more on TotalTele.com »

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