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Zoom raises FY outlook after revenues, profit soar in Q2

2020-09-01 09:31:00| Telecompaper Headlines

(Telecompaper) Zoom Video Communications raised its forecast for the full year after reporting much higher than expected second quarter results, with revenues leaping 355 percent from the year before to USD 663.5 million, the operating profit increasing to USD 188.1 million from 2.3 million and the adjusted operating profit going higher to USD 277 million form 20.7 million. The net profit jumped to USD 185.7 million or USD 0.63 per share, from 5.5 million and 0.02 per share, with the adjusted net profit leaping to USD 274.8 million or USD 0.82 per share, from 24 million and 0.08 per share.

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FCC raises nearly USD 4.6 billion in 3.5 GHz auction

2020-08-26 08:57:00| Telecompaper Headlines

(Telecompaper) The US Federal Communications Commission raised nearly USD 4.6 billion in the auction of mobile spectrum in the 3550-3650 MHz band. The mid-band spectrum is expected to help operators enhance their 5G coverage, as well as support local networks throughout the country. 

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SpaceX raises USD 1.9 bln in new funding, launches more Starlink satellites

2020-08-19 08:58:00| Telecompaper Headlines

(Telecompaper) SpaceX also announced another successful launch with its Falcon 9 rocket. It launched from Cape Canaveral, Florida 58 satellites for its Starlink broadband network and three observation satellites for PlanetLabs. This was the sixth launch with this booster and it was again recovered at sea after the launch. 

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Brookfield Raises $23 Billion, Expects to Ramp Up Pace of Deals

2020-08-13 20:20:00| National Real Estate Investor

We are being patient with our capital, but we expect the pace of investment to increase over the next 12 months as opportunities present themselves, said CEO Bruce Flatt.

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Nokia phone maker HMD Global raises USD 280 mln to expand business

2020-08-11 15:42:00| Telecompaper Headlines

(Telecompaper) HMD Global, the maker of Nokia brand phones, announced it has raised USD 280 million in new financing from investors. The money will go to strengthening its product offering, including 5G devices and new services, and expanding in new markets, such as Brazil, India and Africa. 

Tags: business phone global expand

 

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