(Telecompaper) The Telecommunications Regulatory Authority (TRA) has set Batelco a 06 September deadline to submit its plan for splitting the company into two separate entities, Gulf Daily News reported. The aim is to create two separate divisions, one responsible for Batelco's retail business, and a new entity charged with ensuring equal access to Bahrain's broadband infrastructure, including the fibre-optic network. Other deadlines related to licences, asset allocation, a cyber security plan and organisational structure, have also been put in place for between now and next February.
(Telecompaper) Earnings season was slowly coming to an end in week 33, leaving one eye-catching victim: Tele Columbus, which had to delay its Q2 report. Other than that, the German market demanded investor attention with fiber roll-out planning possibly going into a new stage. Our European telecom index was down 1.4 percent, whereas the EuroStoxx 50 index ended the week unchanged. Intelsat is still the year-to-date champion, but it lost some ground.
(Telecompaper) China Telecom reported first-half revenues up 4.7 percent year-on-year to CNY 193 billion. Service revenue was up 7.0 percent to CNY 177.6 billion and would have risen 8.5 percent without the impact of new accounting rules, the company said.
(Telecompaper) Thai mobile operators Dtac and AIS have won spectrum in the 1,800 MHz band with bids of THB 12.5 billion (EUR 330 million) each. The only two bidders in the auction each acquired 15-year licences for 2x5 MHz.
(Telecompaper) Vodafone Spain announced that it is giving all new and existing convergent clients access to its TV Total bundle of over 120 channels free of charge for one year.
(Telecompaper) Kalle Muhonen, broadband service business manager, said Hybrid Broadband will make surfing the web easier for more than 1 million Finnish households. It supports several users and makes it easier to watch TV, even in HD. Muhonen said that in Pori, for example, only about one in ten homes has been able to get fast and reliable fixed broadband from Telia, but the new hybrid network will enable nearly every household in the city to watch elite league ice hockey.
(Telecompaper) MTN Group is considering a sale of shares in African online retailer Jumia and values the company at as much as USD 1 billion, Bloomberg reported, citing sources familiar with the matter. An MTN spokeswoman said the operator currently has no plans to dispose of its investment in Jumia in the short term. Bloomberg cited its anonymous sources as saying MTN was considering an initial public offering of the e-commerce business on the Nasdaq or New York Stock Exchange.
(Telecompaper) ARM has unveiled its first public roadmap for its client business. Building on the recently launched Cortex A76, the processors are designed to support increased demands from larger smartphones, laptops and other new devices as 5G launches.
(Telecompaper) The activist investor Starboard has acquired a stake in Symantec and is seeking to place five of its representatives on the cybersecurity company's 11-person board. Symantec's share price has nearly halved in the past year after it announced accounting problems, and Starboard thinks it can lead a turnaround at the group.
(Telecompaper) Google is not close to launching a search engine in China, its chief executive said at a companywide meeting, according to a transcript seen by Reuters. Employees of Google called for more transparency and oversight of the project to launch again in China.
(Telecompaper) Swisscom's operating results were within expectations in the first half of 2018. In Q2, net revenue increased by 2.1 percent to CHF 2.92 billion. EBITDA dropped by 8.6 percent to CHF 1.09 billion in the second quarter, while in the Swiss core business, EBITDA dropped by only 3.2 percent to CHF 894 million but at Fastweb, it fell by 30.1 percent to CHF 195 million.
(Telecompaper) Lenovo reported a return to profit in its fiscal first quarter to June, driven by revenue growth and cost savings from the merger of its PC and mobile phone activities. Revenues rose 19 percent year-on-year to 11.91 billion, the gross margin increased to 13.7 percent from 13.6, and the net result improved to a profit of USD 85 million from a loss of USD 54 million a year ago.
(Telecompaper) O2 UK announced a trial of the new technology known as LiFi, which allows large volumes of data to be transmitted using LED lights instead of radio waves. The trial, conducted with the company PureLiFi, is part of a series of network tests the operator is conducting ahead of the launch of its 5G network.
(Telecompaper) Cisco Systems reported a strong increase in revenues for its fiscal fourth quarter to July, up 6 percent to USD 12.8 billion, at the high end of guidance. Net profit rose 57 percent to USD 3.8 billion, helped by the US corporate tax reform, and EPS was up 69 percent to USD 0.81, well ahead of the company's outlook.
(Telecompaper) Chinese internet group Tencent reported a slowdown in revenue growth in the second quarter to 30 percent, for total revenues of CNY 73.675 billion (USD 11.135 billion). While advertising, content and social media revenues grew strongly still, the company's mobile gaming business showed a marked slowdown.
(Telecompaper) Samsung Electronics announced its first 5G modem processor, the Exynos Modem 5100, compatible with 3GPP Release 15. The new modem built on 10-nm production supports the latest 5G New Radio standards as well as legacy mobile services on a single chip.
(Telecompaper) Verizon announced that it will offer Apple TV and YouTube TV when it launches its residential 5G broadband service later this year. The TV services will be bundled with internet access when the 5G service launches in the cities Houston, Sacramento, Los Angeles and Indianapolis.
(Telecompaper) Sprint announced it's working with LG Electronics on its first 5G smartphone, planned for release in the first half of 2019. The device specifications and exact timing of the launch will be announced later.
(Telecompaper) Turkey's President Recep Tayyip Erdogan has called for a boycott of American electronics, after the US imposed economic sanctions against the country and raised tariffs on Turkish goods. Erdogan said the country did not need Apple's iPhones, as it could opt for non-American producers like Samsung or the home-grown consumer electronics maker Vestel and its Venus range of smartphones, reports Ankara news agency.
(Telecompaper) Deutsche Telekom CEO Tim Hoettges has called on 1&1 to invest jointly in rolling out fibre in Germany. In an interview with the Funke group newspapers, Hoettges said the alternative operator should show it's ready to invest in infrastructure. He also warned against national roaming requirements in the upcoming spectrum auction, something 1&1's parent United Internet supports.