(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 per share by at least 10 percent per year and to buy back shares; it will distribute USD 8-10 billion to shareholders and put about 10-12 billion into RD&E (research and development and engineering), capital and mergers, plus acquisitions. The focus will still go towards organic growth.
(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 from Huawei, or about USD 900 million, the Wall Street Journal reported.
(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 addition to the Ibex 35 represents the recognition and consolidation of an industrial project that has led the growth of the telecommunications market in Spain over the past two years," said Masmovil CEO Meinrad Spenger in a statement welcoming the decision.
(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.
(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.
(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.
(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.
(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.
(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.
(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.
(Telecompaper) The Dutch government has released its long-awaited mobile policy paper, laying the groundwork for two 5G spectrum auctions. The white paper from telecoms secretary Mona Keijzer aims to ensure healthy competition with three network operators and a continued high level of mobile broadband coverage.
(Telecompaper) Telecompaper's Dutch Mobile Operators Q1 report shows Vodafone had a 22.6 percent share of retail postpaid subscribers, moving ahead of KPN with 22.4 percent. KPN has lost 2.0 percent points of market share in the past year, while Vodafone added over 160,000 postpaid subscribers in the same period.
(Telecompaper) The Swedish private equity fund EQT Mid Market has announced the sale of Swedish fibre infrastructure provider IP-Only to EQT Infrastructure. The enterprise value amounts to SEK 18.25 billion (EUR 1.7 billion) and an earn-out of up to SEK 1.0 billion. The deal is expected to close in June 2019 and follows a competitive auction with both industry and financial buyers.
(Telecompaper) Ericsson has again revised its forecast of global 5G adoption over the next 5 years and is now predicting some 1.9 billion subscriptions by 2024, up from 1.5 billion in its previous report. The company expects the technology to be available to more than 45 percent of the world's population in 5 years' time, a figure that could surge to 65 percent as spectrum sharing technology enables 5G deployments on LTE frequency bands.
(Telecompaper) Swedish company myFC will cease developing its own consumer products such as its JAQ Hybrid powerbank, following the strategic review commissioned in May. It will focus on selling its technology and expertise to companies planning to add hydrogen drive to their products. The main market segments will remain the smartphone and automotive industries, based on myFC's Lamina fuel cell modules, fuel, and control processes.
(Telecompaper) AGL Energy had earlier considered making a takeover offer for Australian operator Vocus. However, the non-binding offer was withdrawn after the companies could not reach agreement on the terms for conducting due diligence.
(Telecompaper) Vodafone Spain has confirmed that it will be launching the country's first commercial 5G network in 15 cities on 15 June. The number of launch cities is more than double the 7 announced by the company's CEO Antonio Coimbra last month, bringing initial speeds of up to 1 Gbps to customers in Madrid, Barcelona, Valencia, Seville, Malaga, Zaragoza, Bilbao, Vitoria, San Sebastian, La Coruna, Vigo, Gijon, Pamplona, Logrono and Santander. Speeds will rise to 2 Gbps by the end of the year, some 10 times the current 4G maximum, with latency reduced to less than 5 milliseconds in ideal conditions.
(Telecompaper) Telefonica has announced plans to bring fibre-optic connections to the entire Spanish population, including all localities with less than 5,000 inhabitants, within the next 5 years. "Movistar plans to reach 100 percent of Spanish citizens in 2024," said the company in a blog post entitled "Internet for all, breaking the digital divide in rural areas". The company already has the largest FTTH network in Europe, reaching 21.8 million Spanish premises at the end of March, with its own retail fibre accesses up 13 percent year on year to over 4 million. It also recently announced plans to close over 1,200 ADSL exchanges that are no longer in use by 2024 due to the rapid expansion of its FTTH network.
(Telecompaper) 3 UK announced it will launch its 5G services in August, starting with a home broadband service in London. Mobile and home broadband offerings over the 5G network will then expand to 25 towns and cities across the UK before the end of the year.
(Telecompaper) Microsoft announced that it will preview a new streaming service for its Xbox customers from October. With console streaming, gamers will have access to their Xbox One game library and Xbox Game Pass titles on the go, streamed directly from an Xbox One console to a mobile device.