Category: Telecom Industry News

Latest Industry News content provided is syndicated from Telecompaper.com

Masmovil buys Lebara Spain for EUR 55 mln, adds 423,000 customers

(Telecompaper) Spanish telecommunications group Masmovil, the country’s fourth largest network operator, has announced the acquisition of ethnic MVNO Lebara Spain for EUR 55 million, adding a total of 423,000 new prepaid clients to a customer base that recently passed 7 million. Lebara started operations in Spain back in 2007 and reported revenues of around EUR 50 million in the past 12 months. In a statement Masmovil said it expects to obtain operational synergies from the

Samsung to offer 'punch hole' display, 5G, six cameras on Galaxy S10 – report

(Telecompaper) Samsung Electronics is expected to adopt a full-screen display for the upcoming flagship Galaxy S10 smartphone that will come with a “punch hole” at the top for the front camera, Yonhap news agency reports, citing unnamed industry sources. The Wall Street Journal reports separately that the S10 range will include a total four models, including a top device with 5G and six cameras.  Source: Industry News (syndicated from Telecompaper.com)

EU internet industry pushes for lighter touch in copyright directive reform

(Telecompaper) Internet service providers in Europe have submitted comments to the EU institutions calling for a compromise on proposed changes to the EU copyright directive. They want news publishers to be able to opt out of the proposed compensation regime for online aggregators, as well as changes to limit the liability of online content-sharing platforms. The comments come ahead of the next trilogue between the European Commission, Parliament and Council on the legislation on 27

Technicolor confirms early-stage talks over possible M&A options

(Telecompaper) Technicolor issued a statement in response to a recent press report from Reuters, which quoted unnamed sources indicating that the company is exploring its strategic options, including a full or partial sale. The statement confirms that discussions over possible M&A transactions are at a preliminary stage, but that no strategic decision or commitment has been made. Source: Industry News (syndicated from Telecompaper.com)

LG launches new smart display with Google Assistant

(Telecompaper) LG Electronics started rolling out an intelligent speaker with an 8-inch touch display that combines the functionalities of the Google Assistant with Meridian Audio sound technology to create a device designed for the smart home. The LG XBoom AI ThinQ model WK9 will be available starting in the US and later on in other regions. Source: Industry News (syndicated from Telecompaper.com)

Apple lowers production orders for last iPhone models – report

(Telecompaper) Apple has had a particular problem setting expectations for the iPhone XR and cut its production plan late last month by up to a third of the 70 million units it had asked some suppliers to produce between September and February, the sources added. In the past week, Apple informed several suppliers it expects even lower supplies of the XR, faced with a maturing smartphone market and tough competition from Chinese producers. Apple declined

Xiaomi revenues lift 49% in Q3, boosted by international shipments

(Telecompaper) Xiaomi said revenues for the third quarter rose over 49 percent from the year before to CNY 50.846 billion. The company’s net profit went to CNY 2.481 billion, a slide from the 14.6 billion recorded in the previous quarter. The adjusted net profit reached CNY 2.885 billion, up 17.3 percent year-on-year and 36.3 percent quarter-on-quarter. Smartphone shipments year-to-date passed 100 million units, reaching the company’s target two months ahead of schedule. Source: Industry News

Former Wind chief Gubitosi named new Telecom Italia CEO

(Telecompaper) Telecom Italia (TIM) announced that its board of directors appointed Luigi Gubitosi as chief executive in a meeting held a few days after Amos Genish was relieved of his duties. However, Genish, who remains on TIM’s board, immediately announced that he’s seeking investor support to call an extraordinary shareholder meeting to contest changes in the company’s direction. Source: Industry News (syndicated from Telecompaper.com)

Last week in telecoms: regulation, Italy, BT and Telenet in focus

(Telecompaper) The European telecoms sector managed last week to outperform the broader market. The Telecompaper sector index ended the week up 0.7 percent, versus a 1.5 percent loss for the EuroStoxx 50 index. Vodafone and Deutsche Telekom, our index’s heaviest contributors, ended the week with gains of 6.6 and 3.0 percent, respectively. Two microcaps delivered the best results: Tiscali (+20%) and Forthnet (+9.8%). Gamma Communications, without significant news, lost 12 percent, erasing a large part

German regulator approves 5G auction plan with increased coverage, roaming obligations

(Telecompaper) Germany’s Federal Network Agency has published its final plan for the 5G spectrum auction scheduled for spring 2019. Following political pressure, the regulator expanded the coverage requirements for licence holders and introduced an obligation for operators to negotiate on roaming and infrastructure and spectrum sharing as a means of improving mobile coverage in rural areas.  Source: Industry News (syndicated from Telecompaper.com)

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