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Telia sells Spotify stake with 2.4x return on purchase price

(Telecompaper) Telia Company said that it has gradually divested its entire holding in Spotify to institutional investors for USD 272 million or approximately SEK 2.3 billion, ahead of the streaming music company’s listing on the stock market. This is equivalent to a return on investment of approximately 2.4 times. Telia invested USD 115 million in Spotify for a 1.4 percent stake in June 2015, after having begun to include Spotify Premium in its services in October

Huawei's net profit jumps 28%, ships 153 mln smartphones in 2017

(Telecompaper) Huawei posted total annual revenue of CNY 603.6 billion (USD 92.5 billion) for 2017, which represents an increase of 15.7 percent from 2016. Net profit amounted to CNY 47.5 billion, up 28.1 percent year-on-year. Source: Industry News (syndicated from Telecompaper.com)

Orange Belgium confirms interest in Voo takeover

(Telecompaper) Orange Belgium has confirmed its interest in a merger with cable operator Voo. Following a report in business daily L’Echo, the company issued a statement confirming it’s informed Voo’s parent companies Nethys and Brutele about its “interest in an industrial partnership”, which has the backing of Orange group.  Source: Industry News (syndicated from Telecompaper.com)

Plantronics to acquire Polycom for USD 2 billion

(Telecompaper) Plantronics has agreed to acquire Polycom for USD 2 billion, the same price the company was sold to private equity firm Siris Capital two years ago. The deal sees Plantronics expand its product portfolio into the video conferencing and collaboration market.  Source: Industry News (syndicated from Telecompaper.com)

Facebook updates privacy settings, plans new terms of service

(Telecompaper) Facebook has confirmed an overhaul in privacy settings on the social network in order to make it easier for users to control their personal data. The company said it will also be proposing an update to its terms of service and data policy in the coming weeks to help customers understand better how it collects and uses personal data. Facebook said the updates “are about transparency – not about gaining new rights to collect, use,

Telstra launches 5G-enabled Wi-Fi hotspots, 5G connected car

(Telecompaper) Australian operator Telstra announced it has turned on the first precinct of 5G-enabled Wi-Fi hotspots, allowing Gold Coast locals and visitors to access free broadband while Telstra evaluates 5G services. Telstra is using the connectivity via its recently opened 5G Innovation Centre on the Gold Coast to power a series of Wi-Fi hotspots on Scarborough and Nerang Streets in Southport as well as a 5G connected car. Source: Industry News (syndicated from Telecompaper.com)

TIM notifies regulator of plan to spin off fixed network

(Telecompaper) Telecom Italia (TIM) has notified Italian communications regulator Agcom that it has formally begun the procedure to spin off its fixed access network and create a separate legal entity (Netco) that’s 100 percent controlled by the operator. In a statement, TIM said Netco would have its own assets (access network infrastructure, from the exchange to customers’ homes, as well as buildings, electronic equipment and IT systems) and the personnel necessary to provide wholesale services

Apple updates 9.7-inch iPad with lower price, targets education market

(Telecompaper) Apple has updated its 9.7-inch iPad, in a launch of a range of new products aimed at the education market. The new iPad is the first lower-cost model to come with support for the Apple Pencil to write and draw on the screen. It also features the upgraded A10 Fusion chip, Retina display, front and back cameras and more advanced sensors to support augmented reality apps.  Source: Industry News (syndicated from Telecompaper.com)

Oracle wins appeal over Java infringement by Google

(Telecompaper) Google’s use of Java APIs to develop Android went too far and was a violation of Oracle’s copyrights, according to a ruling by the US Court of Appeals for the Federal Circuit, reports Bloomberg. The case, first filed in 2010 by Oracle, was remanded to a federal court in California to determine how much Google should pay. Oracle had been seeking USD 8.8 billion.  Source: Industry News (syndicated from Telecompaper.com)

Orange to expand solar energy services in Africa with Orange Money

(Telecompaper) Orange has confirmed its desire to become a key player in the energy transition sector in Africa, by providing services directly to the general public or as a wholesaler to public operators. Orange already provides a service offering rural populations access to solar energy in the Democratic Republic of the Congo and Madagascar and is now announcing the launch of this service in Burkina Faso, and further ahead in Senegal, Mali, Guinea and Cote

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