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Sprint results up in Q3 but customer numbers fall

(Telecompaper) Sprint reported another strong increase in EBITDA for its fiscal second quarter to September and raised its annual forecast again, driven by cost reductions and higher hardware revenues. The company said it returned to underlying growth in wireless service revenue for the first time in nearly five years, excluding the impact of the new revenue-recognition accounting standards. However, its customer base was down by 20,000 compared to June, as losses at wholesale and reseller

Samsung Q3 profit grows on memory chip demand, offsetting lower smartphone results

(Telecompaper) Samsung Electronics reported a strong increase in third-quarter results, led by sales of its memory chips and growing demand for OLED panels. This helped offset a decline in profits from smartphones, hurt by tough competition and soft demand. Samsung said it expects a slowdown in results in the fourth quarter as seasonality affects the components business.  Source: Industry News (syndicated from Telecompaper.com)

Telefonica raises outlook as organic revenue growth improves to 2.7% in Q3

(Telecompaper) Telefonica raised its full-year outlook for organic revenue growth to around 2 percent from 1 percent, after results strengthened in the third quarter. While total revenues at the Spanish operator were down 8.3 percent year-on-year to EUR 11.699 billion, organic growth was 2.7 percent, up from 2.0 percent in the previous quarter. Growth was led by South America and the UK, while the biggest markets Spain and Brazil were also in positive territory. Source:

Facebook revenue growth slows further in Q3, user numbers still growing

(Telecompaper) Facebook reported a further slowdown in growth in the third quarter. Revenues rose 33 percent to USD 13.7 billion, compared to growth of 42 percent in Q2 and 49 percent in Q1. Net profit increased 9 percent to USD 5.1 billion. Facebook said higher costs and taxes weighed on profits, with the operating margin falling to 42 percent from 50 percent a year ago Source: Industry News (syndicated from Telecompaper.com)

Apple upgrades iPad Pro with faster chip, bigger screen, Face ID

(Telecompaper) Apple unveiled at an event in New York an updated version of its iPad Pro. The tablets come with the new Liquid Retina displays, a faster processor, Face ID replacing the Touch ID to unlock the device, a new USB-C Connector, gigabit LTE and the magnetic Apple Pencil. Available in 11- and 12.9-inch models, the new iPads go on sale 07 November in stores.  Source: Industry News (syndicated from Telecompaper.com)

UK Chancellor commits GBP 200 million to rural fibre broadband

(Telecompaper) UK Chancellor Philip Hammond has used the Budget to confirm additional funding of over GBP 200 million to help full fibre broadband networks reach rural areas. In response, the National Farmers’ Union (NFU) welcomed the news but stressed that it should not be a one-off investment and must be part of continued efforts to provide rural businesses with improved connectivity. Source: Industry News (syndicated from Telecompaper.com)

Sony raises outlook again as Playstation growth offsets mobile losses

(Telecompaper) Sony has again increased its full-year outlook and raised its interim dividend after a strong set of results for its fiscal second quarter to September. Despite another writedown of its smartphone business, profits increased thanks to steady growth in the gaming and pictures businesses.  Source: Industry News (syndicated from Telecompaper.com)

Telefonica Deutschland improves FY outlook as merger synergies come faster

(Telecompaper) Telefonica Deutschland has slightly improved its outlook for full-year results, after its figures in the first nine months received a boost from faster-than-expected synergies from network integration. The German operator now expects a “slightly positive” development in annual adjusted EBITDA, excluding regulatory effects, compared to an earlier forecast of flat to slightly positive. In the first nine months of 2018, adjusted EBITDA was up 6 percent to EUR 1.42 billion, supported by the synergies

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