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Altice France posts 15.6% drop in EBITDA in Q4, expects return to growth in 2019

(Telecompaper) Altice expects a return to revenue and EBITDA growth in 2019 for its French operations, as SFR continued to add customers in both the consumer fixed and mobile markets during the fourth quarter. The company is guiding for revenue growth between 3 and 5 percent for the current year, after a fall of 4.3 percent in 2018, and adjusted EBITDA of EUR 4.0-4.1 billion, up from EUR 3.8 billion last year. The operating free

Huawei grows revenues 20%, profit 25% in 2018

(Telecompaper) Huawei said revenues for 2018 advanced 19.5 percent from the year before to CNY 721.2 billion while the net profit jumped over 25 percent to CNY 59.3 billion. The company gave the numbers in its 2018 Annual Report, showing it maintained growth despite pressure from the US and growing international scrutiny. Source: Industry News (syndicated from Telecompaper.com)

Denmark completes auction of 700, 900, 2,300 MHz bands, TDC takes most lots

(Telecompaper) Denmark has completed its auction of the 700, 900 and 2,300 MHz bands, raising total proceeds of DKK 2.21 billion (EUR 296 million), the Danish Energy Agency announced. All four operators won frequencies in the 700 and 900 MHz band, while market leader TDC took the available lots in the 2,300 MHz band and 700 MHz SDL range.  Source: Industry News (syndicated from Telecompaper.com)

UK report criticises Huawei for continued network security failings

(Telecompaper) The latest annual report from the UK’s Huawei Cyber Security Evaluation Centre (HCSEC) Oversight Board warns that no material progress has been made by Huawei to remedy issues reported in 2018. The Oversight Board said that it cannot change the level of assurance from 2018 or comment on potential future levels of assurance. Source: Industry News (syndicated from Telecompaper.com)

ON Semiconductor to acquire Quantenna for USD 1 billion

(Telecompaper) ON Semiconductor has agreed to acquire Wi-Fi performance specialist Quantenna for USD 1.07 billion. The company said the takeover will significantly enhance its connectivity portfolio with the addition of Quantenna’s leading Wi-Fi technology and software capabilities. Source: Industry News (syndicated from Telecompaper.com)

German 5G auction passes EUR 1 billion in bids

(Telecompaper) The German Federal Network Agency said that EUR 1.03 billion was offered by the four bidders in the 75th round of the 5G spectrum auction. Source: Industry News (syndicated from Telecompaper.com)

BT Group considering more job cuts to reduce workforce by 25% – report

(Telecompaper) BT Group is considering reducing its 100,00-strong workforce by 25 percent over five years, reports Bloomberg citing unnamed people familiar with the matter. This would be on top of the 13,000 job cuts announced in spring 2018.  Source: Industry News (syndicated from Telecompaper.com)

AT&T to offer Magic Leap One from April at USD 2,295

(Telecompaper) AT&T will offer from 1 April the Magic Leap One, a wearable headset that stimulates end-users’ senses through spatial computing. Its cameras, sensors, and speakers add a layer of graphics over real objects, melding what’s imagined with what’s real. The initial launch will operate over a Wi-Fi connection and provide new communication and entertainment experiences at a whole new level, the operator said. Source: Industry News (syndicated from Telecompaper.com)

CCS Insight cuts mobile phone market outlook, sees sales down 3% in 2019

(Telecompaper) Market researcher CCS Insight has downgraded its five-year outlook for the mobile phone industry. The group expects sales to fall 3 percent this year to 1.8 billion units and lowered its outlook for 2023 to 1.9 billion from a previous forecast to pass 2 billion units by 2022.  Source: Industry News (syndicated from Telecompaper.com)

ST Engineering to acquire Newtec for EUR 250 million

(Telecompaper) Singapore Technologies Engineering announced an agreement to acquire Belgium-based Newtec for EUR 250 million cash in order to expand in the satellite communications market. The company expects to acquisition to help it profit from the growing market for low-earth-orbit satellites and related broadband and IoT services.  Source: Industry News (syndicated from Telecompaper.com)

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