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Brookfield mulling bid for KPN – report

(Telecompaper) Canada’s Brookfield Asset Management is mulling an offer for Dutch carrier KPN, Bloomberg reported, citing sources. The asset manager is talking with Dutch pension funds PGGM and APG about partnering on the bid. The company had a market value of EUR 10.6 billion at market close on 30 January, before reports of the talks came up. The sources noted however that Brookfield has not approached KPN itself yet and that the process is at

Nokia meets 2018 guidance after Q4 sales grow 3%, sees better results in 2019

(Telecompaper) Nokia reported a solid finish to 2018, with fourth-quarter revenues up 3 percent year-on-year on both a reported and organic basis to EUR 6.87 billion. The company forecast results to improve further in the course of 2019 as 5G roll-outs gather momentum, and increased its dividend by 5 percent to EUR 0.20 per share. Source: Industry News (syndicated from Telecompaper.com)

Samsung says weak results to continue into 2019 after Q4 profit falls 31%

(Telecompaper) Samsung Electronics reported lower fourth-quarter results in line with its earlier guidance, blaming the weaker economic climate and lower demand for its semiconductor and smartphone products. The company expects earnings to fall in 2019 again, due mainly to a weaker performance at its memory chip business. Demand for memory products and OLED panels is expected to pick up from the second half of the year, Samsung said. Source: Industry News (syndicated from Telecompaper.com)

Qualcomm results fall in line with outlook, reaches interim licensing deal with Huawei

(Telecompaper) Qualcomm reported revenues for its fiscal first quarter to December down 20 percent from a year earlier to USD 4.8 billion, in line with its outlook. The company said it reached an interim agreement in its licensing dispute with Huawei to receive partial payment of royalties, but was still not receiving any revenue from Apple. Revenues are forecast to fall again in the March quarter, by up to 16 percent.  Source: Industry News (syndicated

Facebook grows Q4 revenues 30%, net profit up over 60% as user growth undiminished

(Telecompaper) Facebook’s fourth-quarter results showed little signs of a slowdown, with revenues up 30 percent year-on-year to USD 16.91 billion. The company’s net profit soared 61 percent to USD 6.88 billion, helped by a sharp fall in its tax bill. Operating profit rose a slower 6 percent to USD 7.82 billion, and the margin fell to 46 percent from 57 percent a year ago.  Source: Industry News (syndicated from Telecompaper.com)

Alibaba revenue growth slows, margins decline in December quarter

(Telecompaper) Chinese e-commerce group Alibaba reported a slowdown in revenue growth and lower margins in the December quarter, suggesting it is also feeling the effects of the slowdown in the Chinese economy. Sales rose 41 percent year-on-year to CNY 117.28 billion (USD 17.06 billion), compared to growth 54 percent in the previous quarter and 61 percent the quarter before.  Source: Industry News (syndicated from Telecompaper.com)

AT&T posts 4% fall in domestic telco revenues in Q4

(Telecompaper) AT&T reported a further fall in revenues from its communications business in the fourth quarter, as it lost customers across postpaid mobile, fixed voice and TV activities in the past year. Operating profit still improved, thanks to cost reductions, and overall group results were up following the growth at WarnerMedia and acquisitions. AT&T confirmed its outlook for 2019, as it looks to use the content and advertising business to restore growth in its telecom

Altice France enters exclusive talks to acquire OTT platform Molotov

(Telecompaper) OTT platform Molotov announced on Twitter that it is holding exclusive talks with SFR’s parent Altice France on the future development of its streaming service. As part of the negotiations, Altice France plans to acquire a majority stake in Molotov, which will continue to operate under its own brand. Source: Industry News (syndicated from Telecompaper.com)

Samsung starts mass production of 1TB storage chips for phones

(Telecompaper) Samsung has revealed that mass production of the first 1TB eUFS (embedded Universal Flash Storage) for smartphones is underway. In a statement, the company said the new 1TB eUFS 2.1 offers smartphone users 20x more storage than a 64GB internal memory and is set to play a critical role in bringing a more “notebook-like user experience” to the next generation of mobile devices. Within the same package size (11.5mm x 13.0mm), the 1TB eUFS

KPN hits targets for 2018, maintains guidance for 2021 in line with strategic plan

(Telecompaper) KPN revenues in the fourth quarter fell 1.1 percent to EUR 1.436 billion on the back of declining revenue from traditional services and mobile, although there was growth in bundled consumer services and Professional Services for the business market. The adjusted EBITDA lifted 1 percent to EUR 572 million due to cost savings. The net profit result went 10 percent higher to EUR 62 million thanks to a one-off revaluation of the Dutch Tax

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