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Naspers revenue rises 29% in H1, classified advertising becomes profitable

(Telecompaper) African media and e-commerce firm Naspers said its revenues increased 29 percent to USD 11.0 billion in the first six months to 30 September from USD 9.0 billion in the same period in 2017. Profit grew 34 percent year on year to USD 2.0 billion from USD 1.7 billion in 2017. Core headline earnings grew 39 percent to USD 1.7 billion from USD 1.2 billion in 2017. Source: Industry News (syndicated from Telecompaper.com)

US consumers streaming 8 bln hours a month on connected TVs – study

(Telecompaper) US consumers are collectively spending nearly 8 billion hours a month consuming content on connected TV devices such as Roku, Apple TV and Amazon Fire, according to a new study from Nielsen. Although traditional linear TV still accounts for the majority of viewers’ time, more than two-thirds of US homes now have devices that are capable of streaming video content, converting the living room into a true multi-platform environment, said the report. Source: Industry

T-Mobile US starts trial for Money mobile banking service

(Telecompaper) T-Mobile US has started a trial of T-Mobile Money, a mobile banking service it says will give a 4 percent annual percentage yield (APY) on balances of up to USD 3000, for people putting at least USD 200 per month in their checking account. Users will be able to access over 55,000 no-fee ATMs worldwide with the Allpoint ATM Network. The service is FDIC insured and provides 24/7 customer support. T-Mobile US says the

SAS, Globalsat ink LatAm nano-satellite distribution deal

(Telecompaper) Sky and Space Global (SAS) has signed a distribution agreement with Globalsat for the provision of narrow-band telecommunication services via nano-satellites. The deal establishes non-exclusive commercial terms for Globalsat to distribute, sell, market and promote SAS’ narrow-band connectivity solutions and products to customers and end-users in Latin America. In a statement, SAS said it expects to generate revenues of USD 5 million within the first two years of the agreement, based on a conservative

Altice France agrees EUR 3.6 bln equity partnership to roll out FTTH network

(Telecompaper) Altice France has entered into an exclusivity agreement with a group of investors to sell a 49.99 percent stake in SFR FTTH, a new fibre venture that will bring fibre connectivity to 5 million French premises. Allianz Capital Partners (ACP), AXA Investment Managers and Canadian investment firm Omers Infrastructure will acquire the stake for a total cash consideration of EUR 1.8 billion, based on a EUR 3.6 billion equity value. SFR FTTH will sell

Telefonica launches 'Reconnect' plan to consolidate growth

(Telecompaper) Telefonica’s chairman and CEO Jose Maria Alvarez-Pallete has launched a 3-year internal plan dubbed “Reconecta” (“Reconnect”) focused on consolidating the group’s recent growth. The company programme for the 2019-2021 period was presented at an event in Madrid to almost 900 executives and streamed to a further 120,000-plus Telefonica employees around the world. It follows the “Elegimos todo” (“We Choose It All”) initiative in force over the previous 3 years. Source: Industry News (syndicated from

AT&T forecasts stronger cash flow in 2019 to help reduce debt

(Telecompaper) AT&T forecast a strong increase in free cash flow next year, to USD 29.5 billion from a targeted USD 22 billion in 2018. The extra cash from the takeover of Time Warner should help the company meet its target to reduce debt to around 2.5x adjusted EBITDA by the end of 2019, the US operator announced at a meeting with analysts.  Source: Industry News (syndicated from Telecompaper.com)

EU report marks progress on 5G action plan with 114 trials underway

(Telecompaper) There were 114 operator 5G trials underway in the EU as of mid-September, according to a 5G Observatory by iDate for the European Commission. The report details the progress in developing the next-generation mobile networks, two years since the EU launched its 5G action plan.  Source: Industry News (syndicated from Telecompaper.com)

Facebook app installs drop by 1.1 mln in Netherlands in less than a year

(Telecompaper) The penetration of the Facebook app on Dutch smartphones fell by 1.1 million installations since the fourth quarter of last year, according to the Dutch Apps Market report from Telecompaper. In total, 68 percent of Dutch smartphones had the app installed in Q3 2018, down from 74 percent in Q4 2017.  Source: Industry News (syndicated from Telecompaper.com)

Swiss Parliament passes Telecom Act reform without wholesale fibre access regulation

(Telecompaper) The Swiss Council of States, the lower chamber of parliament, has rejected a proposal to regulate wholesale access to Swisscom’s fibre-optic network by 22 votes to 19, despite alternative operators push for the regulation. The regulation was proposed by the Federal Council. Source: Industry News (syndicated from Telecompaper.com)

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