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Reliance Jio accelerates customer growth to 26.5 mln net additions in Q1

(Telecompaper) Indian mobile operator Reliance Jio reported continued strong growth in its fiscal fourth quarter to March, adding a net 26.5 million new customers for a total 186.6 million. That’s up from 21.5 million net additions in the previous quarter. The company also claims it’s the biggest mobile data provider in the country, with nearly all its customers using mobile internet.  Source: Industry News (syndicated from Telecompaper.com)

Last week in telecoms: cross-Atlantic M&A having an impact

(Telecompaper) Last week (week 18), two cros- Atlantic takeovers made waves in the telecoms sector: Comcast confirming its offer for Sky and Deutsche Telekom’s T-Mobile US announcing a merger deal with Sprint. Our European telecoms index was up 1.0 percent, versus a rise of 0.7 percent for the EuroStoxx 50 index. Source: Industry News (syndicated from Telecompaper.com)

T-Mobile, Sprint agree all-stock merger

(Telecompaper) T-Mobile US and Sprint have agreed to merge in an all-share deal, creating a new major player in the US mobile market to rival Verizon and AT&T. Under the agreed terms, Deutsche Telekom will own 42 percent of the merged group, down from 62 percent in T-Mobile, and SoftBank Group will have a 27 percent stake, down from nearly 85 percent in Sprint. The group will be called T-Mobile, with the remainder of its

Charter loses 112,000 TV customers in Q1, revenues still up after price hikes

(Telecompaper) US cable operator Charter Communications reported a net loss of 112,000 TV subscribers in the first quarter. It also lost 25,000 telephony customers, while gaining another 362,000 broadband subscribers. It finished March with a total 27.5 million customers, after net additions of 261,000 in Q1, down from 355,000 in the year-earlier period.  Source: Industry News (syndicated from Telecompaper.com)

EC updates SMP guidelines for OTT services, joint dominance

(Telecompaper) The European Commission has approved new guidelines for national telecom regulators to identify significant market powers (SMP) when assessing the need for ex ante regulation of markets in order to improve competition. The updated guidelines take into account the latest EU case law as well as new market factors, such as competition from OTT service providers, the increased bundling of telecom services, growing competition from cable broadband and the transition of some markets from

NextGenTel agrees to sell Kvantel to Broadnet for NOK 250 mln

(Telecompaper) NextGenTel Holding said that it has agreed to sell its datacom provider Kvantel to Broadnet for NOK 250 million, even though it has a growth strategy for the corporate market. Kvantel generated NOK 210.6 million in revenues in 2017. It said Broadnet made it an attractive offer that will provide NextGenTel with significant liquidity, increasing its flexibility both financially and strategically in a changing telecoms market. Source: Industry News (syndicated from Telecompaper.com)

Sony posts Q4 loss after writedown on smartphone business

(Telecompaper) Sony reported results for its fiscal year to March up more than forecast. Revenues rose 12.4 percent to JPY 8.544 trillion, and net profit jumped to JPY 491 billion from JPY 73 billion a year earlier. The company forecast lower profits for the current year, as it focuses more on margins over volume for its TV and smartphone businesses, and also sees a negative impact from exchange rates and lower investment gains.  Source: Industry

T-Mobile, Sprint close to merger deal, could announce next week – report

(Telecompaper) T-Mobile US and Sprint have made progress in negotiating merger terms and are aiming to successfully complete the talks as early as next week, people familiar with the matter told Reuters. The news comes just a few weeks after reports the mobile operators had resumed merger talks and nearly six months after they abandoned earlier talks due to disagreement on price.  Source: Industry News (syndicated from Telecompaper.com)

Amazon Q1 sales grow 43% to USD 51 billion, beating guidance

(Telecompaper) Amazon.com saw its net sales increase 43 percent year-on-year in the first quarter to USD 51.0 billion, beating its guidance. Operating profit jumped 92 percent to USD 1.9 billion, also better than expected, and net profit more than doubled, to USD 1.6 billion or USD 3.27 per share, from USD 724 million or USD 1.48 per share a year earlier.  Source: Industry News (syndicated from Telecompaper.com)

EC proposes new rules for search engines to open up on ranking decisions

(Telecompaper) The European Commission has proposed a new regulation aimed at increasing transparency in the online search market. Following its EUR 2.4 billion fine against Google last year for abusing its dominant position, the Commission wants new rules to help business users understand better how they’re ranked on search engines and to give them the ability to appeal any delistings.  Source: Industry News (syndicated from Telecompaper.com)

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