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Ericsson improves sales, margin targets as 5G roll-out takes off

2019-10-17 08:45:00| Telecompaper Headlines

(Telecompaper) Ericsson has lifted its sales target for 2020 on a faster-than-expected expansion of the 5G market and said it also targets a higher margin from 2022 thanks to investments in growth. The new forecasts came alongside third-quarter results showing a small slowdown in organic growth and losses due to its legal troubles with US authorities. 

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FCC gives its approval for T-Mobile's merger with Sprint but the deal isn't signed off yet

2019-10-17 02:00:00| Total Telecom industry news

The Federal Communications Commission (FCC) has voted to approve the proposed merger between US carriers T-Mobile and Sprint, by a margin of 3 votes to 2…read more on TotalTele.com »

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Kontoor Brands says cost-cutting is paying off

2019-08-08 15:18:00| Daily apparel & textile news and comment - from just-style.com

Kontoor Brands, the owner of the Wrangler and Lee brands that was recently spun-off from VF Corp, has reported a fall in revenues and profits for the second quarter but insists the restructuring and cost-saving actions it has taken to stabilise the business are paying off.

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Last week in telecoms: Vodafone and Telenor receiving approval for takeovers, as earnings season kicks off

2019-07-22 07:05:00| Telecompaper Headlines

(Telecompaper) A number of mergers and investments, as well as Q2's first earnings reports, set the tone in the telecoms sector, last week. The winners included Turk Telekom (+5.8%), Rostelecom (+5.5%), Intelsat (+5.4%) and Altice Europe (+5.4%). That could however not prevent the Telecompaper Stock Index European Telecoms Services to end week 29 down 1.4 percent, lagging the EuropStoxx 50 (-0.5%). Several German shares were the biggest losers, including 1&1 Drillisch (-13%), United Internet (-10%) and Tele Columbus (-7.7%).

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KFC's vegan burger: could it wean you off chicken?

2019-06-18 01:00:35| BBC News | Business | UK Edition

The fried chicken firm is the latest fast food chain to join the vegan bandwagon, with mixed results.

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