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Orange comparable revenues dip lower in Q1 as French market struggles

(Telecompaper) Orange reported a slowdown in first-quarter results, hurt by tough competition in its main markets France and Spain. Revenues were up just 1 percent to EUR 10.195 billion, and adjusted EBITDA was up 0.7 percent to EUR 2.583 billion. Orange maintained its outlook for slower EBITDA growth and lower capex this year.  Source: Industry News (syndicated from Telecompaper.com)

Alphabet lifts revenues in Q1 but profit hit by EU fine, higher R&D

(Telecompaper) Alphabet, the parent company of Google, said revenues for first quarter lifted to USD 36.339 billion from 31.146 billion the year before, an increase of 17 percent that was a bit slower than previous quarters. Profit was hit by the EUR 1.5 billion fine from the European Commission for anti-competitive practices with its AdSense for Search product. This meant that the operating profit fell to USD 6.608 billion from 7.633 billion, while the net

Telenor's results drift lower in Q1, maintains outlook for modest FY growth

(Telecompaper) Telenor reported a small increase in revenues in the first quarter, while underlying service revenue growth was flat and EBITDA lower due to continued weakness in Thailand and Myanmar. The company said it still expects a small increase over the full year, although has yet to include the Thai operation in that forecast.  Source: Industry News (syndicated from Telecompaper.com)

Samsung Q1 profits fall on weak memory, display results, lower smartphone sales

(Telecompaper) Samsung Electronics confirmed a sharp fall in profit in the first quarter, hurt by the drop in memory chip prices, losses at its display business and lower margins in smartphones after a revamp of its lower-end models. Samsung said it expects memory and display demand to improve from the second half of the year, but the smartphone and TV business will remain “challenging” due to the intense competition and uncertain economic environment.  Source: Industry

Spotify Q1 results top forecast as paid subscribers pass 100 mln

(Telecompaper) Spotify hit 100 million paid subscribers in the first quarter, at the high end of its outlook, supported by its tie-in with Google speakers and launch in India. The company also reported better-than-expected profitability, leading to a small improvement in its full-year outlook for reduced operating losses.  Source: Industry News (syndicated from Telecompaper.com)

ZTE returns to profit in Q1, revenues fall 19%

(Telecompaper) ZTE confirmed a return to net profit in the first quarter, at CNY 863 million compared to a loss of CNY 5.4 billion a year earlier. The result was at the low end of its outlook of CNY 0.8-1.2 billion, and ZTE said it expects the result to reach a profit of CNY 1.2-1.8 billion over the first half of 2019, versus a loss of CNY 7.8 billion a year earlier. Source: Industry News

China Telecom Q1 revenues fall 0.5% on sharp drop in handset sales

(Telecompaper) China Telecom reported a small decrease of 0.5 percent in first-quarter revenues, to CNY 91.53 billion, hurt by a sharp fall in handset sales. EBITDA increased 14.1 percent to CNY 30.24 billion, helped by the new accounting standards and lower operating costs, and net profit rose 4.5 percent to CNY 5.96 billion. Source: Industry News (syndicated from Telecompaper.com)

Oppo becomes official smartphone partner for Wimbledon

(Telecompaper) Chinese technology company Oppo has become the first official smartphone partner, and first-ever Asian partner, of the Wimbledon Championships through its partnership with the All England Lawn Tennis Club (AELTC).  Source: Industry News (syndicated from Telecompaper.com)

Virgin Media announces new fixed-mobile bundle for GBP 99 per month

(Telecompaper) UK operator Virgin Media has announced a new bundle line-up, available from 29 April, bringing all its fixed and mobile services together for the first time. This bundle will combine broadband, TV, mobile and landline products. New and existing customers can access broadband speeds of up to 500 Mbps, add a mobile SIM to any broadband bundle, and build their own personalised TV service with a selection of new channel packs, which will be

Apple defends decision to pull 'risky' screen-time apps from store

(Telecompaper) Apple has defended its recent removal of certain parental control apps from its App Store, following an article in the New York Times suggesting the company may be favouring its own systems. Apple said the apps were removed due to security and privacy risks, with some apps using invasive mobile device management techniques.  Source: Industry News (syndicated from Telecompaper.com)

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