Category: Telecom Industry News

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Corning to lift dividends by 10%, distribute USD 8-10 bln to shareholders in 2020-2023

(Telecompaper) Corning has unveiled its Strategy and Capital Allocation Framework for 2020-2023, with new targets for the future. The latest framework follows the one from 2016-2019, which Corning said will be met. CEO Wendell Weeks explained that, by the end of the year, Corning have returned over USD 12.5 billion to shareholders, while investing USD 11 billion towards extending its leadership and delivering growth. For the years to 2023, the company intends to lift dividends

Broadcom lowers FY guidance by USD 2 bln on export restrictions

(Telecompaper) Broadcom reported higher revenues but lower profit in the second quarter, and reduced its full year revenue outlook by USD 2 billion on “anticipated headwinds from wireless.” CEO Hock Tan said demand is down on the back of continued geopolitical uncertainties and the effects of export restrictions at one of the company’s largest companies. During a call with analysts, Tan noted that 4.3 percent of Broadcom’s revenues for its fiscal year to November came

Masmovil to join Spain's Ibex 35 on 24 June

(Telecompaper) The shares of Masmovil, Spain’s fourth largest network operator, have been added to the Ibex 35 benchmark stock market index of Spain’s main companies. During a scheduled meeting, the Technical Advisory Committee of the Ibex decided to add Masmovil’s shares to the index and delete those of Tecnicas Reunidas as of 24 June. “Our incorporation into the Ibex 35 represents the recognition and consolidation of an industrial project that has led the growth of

Proximus launches new brand positioning, updates TV service as Pickx

(Telecompaper) Belgian operator Proximus has announced a new brand positioning, aimed at better responding to the digital demands of customers, the company said. In addition to the new tagline ‘Think Possible’, to highlight the possibilities of digital transformation, the company presented a new TV interface called Pickx, which will open the way to more third-party apps and services such as smart advertising and cloud gaming.  Source: Industry News (syndicated from

German 5G auction ends with EUR 6.5 bln in total bids

(Telecompaper) The German Federal Network Agency said that the 5G auction has ended with EUR 6.5 billion offered in total by the four bidders, after 497 rounds of bidding. After three months of bidding, the four operators signaled relief that the auction was over, while some were dissatisfied with the high price paid.  Source: Industry News (syndicated from

Facebook says Watch has 140 mln daily viewers, announces new content

(Telecompaper) Facebook has provided an update on its video service Watch and announced new features and contract. Launched worldwide last summer, Watch has grown to more than 720 million monthly viewers and 140 million daily users, the company said.  Source: Industry News (syndicated from

Only one in five EU households subscribe to 100 Mbps broadband

(Telecompaper) Only one in five EU households subscribe to broadband of at least 100 Mbps, well short of the EU’s goal of 50 percent with ‘ultrafast’ broadband by 2020. The figures are part of the latest Digital Economy and Society Index published by the European Commission and show the EU needs to do more to accelerate its digital transformation, the Commission said.  Source: Industry News (syndicated from

MultiChoice expects FY loss per share but higher core HEPS

(Telecompaper) The MultiChoice group said it expects a loss per share for the year ended 31 March at between ZAR 6.73 and ZAR 7.39 lower than last year’s reported earnings per share of ZAR 3.32. The headline loss per share for the current period is expected to be between ZAR 7.24 and ZAR 8.00 lower than the prior year’s reported headline earnings per share of ZAR 4.10. Source: Industry News (syndicated from

Sprint, T-Mobile US merger hit by lawsuit from 10 states, including NY and California

(Telecompaper) The merger between Sprint and T-Mobile US has hit a new roadblock, as the attorney generals of New York and California, along with eight other state attorneys, filed a lawsuit to block the deal. They said prices will go up and competition down if the transaction goes through.  Source: Industry News (syndicated from

Apple in talks to buy part of Intel smartphone modem business – report

(Telecompaper) Apple is in talks to buy a key part of Intel’s smartphone modem business, four people briefed on the discussions told The Information. The acquisition of the German operations could boost the iPhone maker’s plans to internally develop a modem for its devices, the report said.  Source: Industry News (syndicated from