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Indian operator Aircel files for insolvency

(Telecompaper) The Indian mobile operator Aircel has filed for bankruptcy after failing to reach a deal on restructuring its debt with its lenders and main shareholder, Malaysian operator Maxis. The insolvency proceedings cover the companies Aircel, Aircel Cellular and Dishnet Wireless.  Source: Industry News (syndicated from Telecompaper.com)

Baidu's VoD service iQiyi files for USD 1.5 bln IPO in US

(Telecompaper) iQiyi, the Chinese VoD service owned by Baidu, has filed for an initial public offering of shares in the US. The company claims over 50 million subscribers and said it wants to raise USD 1.5 billion to help expand its content offering.  Source: Industry News (syndicated from Telecompaper.com)

IDC confirms drop in smartphone sales in 2017, sees return to growth in 2018

(Telecompaper) The first-ever contraction in the global smartphone market was confirmed by IDC, with the market researcher estimating a 0.5 percent fall to 1.46 billion phones shipped in 2017. A small return to growth is predicted for 2018, driven by improved growth at Apple.  Source: Industry News (syndicated from Telecompaper.com)

TiVo starts strategic review to boost value

(Telecompaper) TiVo announced the start of a strategic review that could lead to the company being acquired or going private. Releasing its annual results, the company said its stock price did not reflect the full value of the business and it would look at a “wide range of strategic alternatives to realize long-term shareholder value”. Source: Industry News (syndicated from Telecompaper.com)

Asus introduces Zenfone 5 smartphones at MWC

(Telecompaper) Asus presented at Mobile World Congress in Barcelona its new Asus Zenfone 5 series of smartphones. The range comes with the Zenfone 5 and 5Z, which are nearly identical, as well as the Zenfone 5 Lite.  Source: Industry News (syndicated from Telecompaper.com)

Masmovil posts EUR 97 mln FY profit, expands Orange roaming deal

(Telecompaper) Spanish telecommunications provider Masmovil, the country’s fourth largest network operator, has reported net revenues of EUR 351.8 million for the fourth quarter of 2017, up 17 percent year on year, with quarterly recurring EBITDA rising to EUR 69.7 million on a reported basis compared to EUR 28.7 million year earlier. The company also turned to profit, with full-year net income climbing to EUR 96.9 million for the year compared to a EUR 36.6 million

Amazon buys video doorbell maker Ring for reported USD 1 billion

(Telecompaper) Amazon has agreed to buy video doorbell maker Ring in order to expand its smart home product line-up. The product is expected to help the e-commerce giant deliver packages, even when customers are not home.  Source: Industry News (syndicated from Telecompaper.com)

T-Mobile US confirms 5G roll-out to start in 2018

(Telecompaper) T-Mobile US announced at Mobile World Congress in Barcelona that it plans to start rolling out a 5G network this year. The company will cover an initial 30 cities this year, and customers in New York, Los Angeles, Dallas and Las Vegas will be the first to experience it, when the first 5G smartphones launch early next year. Source: Industry News (syndicated from Telecompaper.com)

Qualcomm introduces Snapdragon 700 chips for high-end smartphones

(Telecompaper) Qualcomm has introduced a new tier of its Snapdragon smartphone processors targeting the high-end market. The new Snapdragon 700 series offers features and performance previously only available in the premium Snapdragon 800 series, for the growing number of phones looking to add features such as on-device AI and advanced cameras. Qualcomm expects to ship commercial samples of the new processors in the first half of this year.  Source: Industry News (syndicated from Telecompaper.com)

EC considers tax of up to 5% of revenues on tech giants – report

(Telecompaper) The European Union is considering a tax of up to 5 percent on the revenues of multinational digital service providers, according to European Commission documents seen by Reuters. The proposal is part of plans to tax digital companies like Google and Facebook where their users are located rather than where they are headquartered, in order to increase tax returns from the providers.  Source: Industry News (syndicated from Telecompaper.com)

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