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SDN will bring Doom for consumers and revenues for telcos

2017-10-12 02:00:00| Total Telecom industry news

There has been much talk in the industry about whether or not consumers really want multiple gigabits of bandwidth into their homes and, more to the point, whether they are willing to pay for it. The answer, according to one industry expert, is a resounding 'yes', and far from bringing about a situation in which operators roll out fatter pipes only to see the revenues syphoned off by over…read more on TotalTele.com »


Category: Telecommunications
 

AT&T warns of earnings hit, video customer losses in Q3

2017-10-12 02:00:00| Total Telecom industry news

Natural disasters across its operating footprint will impact on AT&T's revenues and earnings in the third quarter of this year, the U.S. telco warned on Wednesday, adding that it will also report hefty video customer losses, in part due to the recent hurricanes and also as a result of market competition…read more on TotalTele.com »

Tags: video customer hit att

Category: Telecommunications
 

Danske Bank shuts MobilePay in Norway, holds talks with Vipps

2017-10-11 12:41:00| Telecompaper Headlines

(Telecompaper) Danske Bank said it is shutting down MobilePay in Norway and is negotiating a distribution agreement with rival Vipps, which was spun off by DNB (formerly Den norske Bank) earlier this year. Rival bank Nordea Norway announced separately that it has joined forces with Vipps.

Tags: bank holds norway talks

Category: Telecommunications
 

Airtel Ghana MD resigns ahead of merger with Tigo

2017-10-11 11:23:00| Telecompaper Headlines

(Telecompaper) Airtel Ghana CEO Lucy Quist has announced her departure from the telecommunications company ahead of Airtel's merger with Tigo, Myjoyonline reported. In her Facebook post, Quist announced that the time was right for her to move on to the next chapter. Quist joined Airtel Ghana in 2014 as the first Ghanaian female CEO of a major multinational telecom company. 

Tags: with ahead ghana merger

Category: Telecommunications
 

LG Electronics posts Q3 sales up 15%, higher operating profit

2017-10-11 10:07:00| Telecompaper Headlines

(Telecompaper) LG Electronics reported higher third-quarter results in its preliminary report. Revenues are expected to grow 15.2 percent year-on-year and 4.6 percent quarter-on-quarter at nearly KRW 15.22 trillion, and the operating profit is expected to jump 82.2 percent year-on-year to KRW 516.1 billion. However, quarter-on-quarter, operating income is expected to plunge 22.3 percent from 664 billion in the second quarter of 2017.

Tags: sales posts electronics higher

Category: Telecommunications
 

Alibaba to double R&D spending to USD 15 bln, with eye towards 'moonshot' projects

2017-10-11 09:16:00| Telecompaper Headlines

(Telecompaper) Alibaba said it will be doubling its R&D spend over the coming three years to USD 15 billion in order to develop next-generation technology and explore moonshot projects aimed at upending industries, Bloomberg reported. Alibaba plans to set up seven research labs and hire 100 scientists around the world to push further into artificial intelligence, the Internet of Things and quantum computing, the company said in an emailed statement. Specific fields include machine learning, visual computing and network security.

Tags: double projects eye usd

Category: Telecommunications
 

Dell unveils new USD 1 bln IoT division

2017-10-11 08:35:00| Telecompaper Headlines

(Telecompaper) Dell Technologies has announced a new Internet of Things (IoT) division designed to integrate existing products and tools across the company and develop new Internet-connected devices and software. To that end, the company revealed plans to spend USD 1 billion on IoT-focused research and development over the next three years. The new division will be led by VMware CTO Ray O'Farrell, and is tasked with orchestrating the development of IoT products and services across the Dell Technologies family, including units such as units such as Dell EMC, VMware, RSA and Pivotal.

Tags: dell division usd unveils

Category: Telecommunications
 

European telcos 'ready' for 5G, but financial questions remain

2017-10-11 02:00:00| Total Telecom industry news

European telecoms operators are pushing ahead with preparations for fifth-generation mobile services, with some even claiming ot be ready to go, but there are some thorny issues regarding the monetisation of 5G, and the generatons that went before it, to be tackled first. "We are ready for 5G," Alexandre Fonseca, chief technology officer at Portugal Telecom, declared at the opening session of Total Telecom's Connected Europe event in Lisbon on Wednesday…read more on TotalTele.com »


Category: Telecommunications
 

Zain sells Kuwait towers for $165 million

2017-10-11 02:00:00| Total Telecom industry news

Zain has agreed to sell its telecoms towers portfolio in Kuwait to infrastructure specialists IHS Holding and Towershare Management for US$165 million (€140 million). The deal will create a new towers business in Kuwait…read more on TotalTele.com »

Tags: million kuwait sells towers

Category: Telecommunications
 

Bharti, investment firms working on $11bn towers deal

2017-10-11 02:00:00| Total Telecom industry news

Bharti Airtel and a consortium of global investment funds are working on a takeover deal for the former's towers assets that will value the business at US$11 billion (€9.3 billion), according to Indian press reports on Wednesday. On completion of the multi-stage deal, a group led by U…read more on TotalTele.com »

Tags: working deal investment firms

Category: Telecommunications
 

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