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Amazon.com sales jump 22% to USD 36 bln in Q4
2016-01-29 08:02:00| Telecompaper Headlines
(Telecompaper) Amazon.com saw its net sales for its fourth quarter to 31 December increase 22 percent year-on-year to USD 35.7 billion. Net income more than doubled to USD 482 million in the fourth quarter, or USD 1.00 per diluted share, compared with net income of USD 214 million, or USD 0.45 per diluted share, in fourth quarter 2014. The company expects net sales in Q1 2016 to be between USD 26.5 billion and USD 29.0 billion, or to grow between 17 percent and 28 percent compared with first quarter 2015.
Sony to buy Altair Semiconductor for USD 212 mln
2016-01-26 08:21:00| Telecompaper Headlines
(Telecompaper) Sony has agreed to buy Altair Semiconductor for USD 212 million, expanding in the LTE chip market. Based in Israel, Altair owns modem chip technology and related software for LTE. Its modem chips stand out for their low power consumption, high performance and competitive cost, Sony said. In addition to strengthening Sony's mobile phone business, the acquisition is expected to help Sony develop in the Internet of Things market. Sony expects to close the acquisition in early February.
Tags: buy
sony
usd
semiconductor
Google paid Apple USD 1 bln for search on iPhone - report
2016-01-22 09:51:00| Telecompaper Headlines
(Telecompaper) Google received USD 1 billion from Apple in 2014 to carry its search bar on the iPhone, reports Bloomberg, based on transcripts of a court proceedings from Oracle's copyright lawsuit against Google. Speculation about how much Google pays have circulated for years, but the firms never disclosed it publicly. Oracle attorney Annette Hurst said a Google witness questioned during pre-trial information disclosed that at one time the revenue share was 34 percent. The transcript did not make it clear whether the percentage is the amount paid to Apple or kept by Google.
Tags: search
report
google
paid
FreedomPop raises USD 50 mln, launches global hotspot
2016-01-21 08:42:00| Telecompaper Headlines
(Telecompaper) MVNO FreedomPop said it's raised another USD 50 million in financing, bringing its total funding to over USD 109 million. The new funding will be used to accelerate its international expansion in markets in Europe, Asia and South America, including the launch of its new Global hotspot and SIM. Started in the US, FreedomPop launched in its first foreign market last year, the UK, and claims over 1 million customers. The Global hotspot is available to US and UK users roaming in 25 countries across Europe. It comes with 200 MB per month of free data roaming in the countries, and users can buy additional data at a cost of USD 10 for 500 MB. FreedomPop plans to expand coverage to over 40 countries by year-end, including parts of Asia and Latin America. The Global hotspot is available for a special launch price of USD 49.99, and the SIM will be sold for USD 10 on FreedomPop's website.
Tags: global
usd
raises
launches
Deezer raises USD 100 million from Access Industries, Orange
2016-01-20 13:29:00| Telecompaper Headlines
(Telecompaper) On-demand music streaming service Deezer has secured a EUR 100 million investment led by Access Industries, with participation from Orange. The financing will be used to increase customer acquisition efforts around the world and to accelerate the introduction of new products, features and growth initiatives. It will also serve to build more programmed experiences for its customers.
Tags: access
million
orange
usd
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