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Lenovo Q4 results hit by Wuhan production shutdown, product shortages

2020-05-20 09:15:00| Telecompaper Headlines

(Telecompaper) Lenovo reported revenue for its fiscal fourth quarter down 9.7 percent year-on-year to USD 10.6 billion. The company was hurt by the shutdown of its main smartphone production site in Wuhan due to the covid-19 pandemic as well as slower sales at its main PC business. Operating profit fell 39 percent to USD 166 million, and the net profit was down 64 percent to USD 43 million. 

Tags: results product hit production

Category: Telecommunications
 

Digicel files for bankruptcy under debt restructuring plan

2020-05-20 09:13:00| Telecompaper Headlines

(Telecompaper) Caribbean-focused operator Digicel has filed for bankruptcy court reorganisation as part of its plan to reduce debt, cut financing costs and extend debt maturities, reports ABC News, citing company spokesman Pat Walsh. "It is business as usual," said Walsh, adding that the Chapter 15 filing in New York would not affect operations in the 32 markets that the company serves from its headquarters in Jamaica. A hearing in the Chapter 15 bankruptcy case is scheduled for June, added the report.

Tags: plan files debt bankruptcy

Category: Telecommunications
 

Facebook expands in e-commerce with new shopfront offer

2020-05-20 08:47:00| Telecompaper Headlines

(Telecompaper) Facebook is expanding into e-commerce with the launch of a new shopfront feature on the social network and Instagram.  Businesses will be able to set up their own shop on Facebook and Instagram free, talk with customers over Facebook Messenger or WhatsApp and even make payments for goods purchased with Facebook's checkout service. 

Tags: offer ecommerce facebook expands

Category: Telecommunications
 

SK Telecom relieving health services with AI check-in calls during quarantine

2020-05-20 02:00:00| Total Telecom industry news

In South Korea, use of technology to enforce a strict quarantine and thorough disease tracing has exceeded that of almost any other country. A mandatory 14-day quarantine period is imposed on those travelling to the country from abroad, or anybody who is known to have come into contact with a confirmed coronavirus patient…read more on TotalTele.com »

Tags: services health calls telecom

Category: Telecommunications
 

Africell wins Angolas fourth operating licence

2020-05-20 02:00:00| Total Telecom industry news

Around a year ago, Angola’s fourth telecoms licence was issued to a virtually unknown entity called Telstar, set to take on existing operators Angola Telecom, Movicel, and Unitel. However, the licence was revoked just days after its allocation, with the Angolan president, Joao Lourenç…read more on TotalTele.com »

Tags: operating fourth wins licence

Category: Telecommunications
 

UNICEF joins with Airtel to facilitate remote education in Africa

2020-05-20 02:00:00| Total Telecom industry news

When it comes to education, Africa has greatly improved in recent years, but much remains to be done to ensure a complete education is available for all. Unfortunately, the coronavirus outbreak has forced the closure of schools across the continent…read more on TotalTele.com »

Tags: education africa remote facilitate

Category: Telecommunications
 

Govt backs Manx Telecom for 10m for Isle of Man broadband

2020-05-20 02:00:00| Total Telecom industry news

Currently, the Isle of Man has only around 25% fibre penetration, but this could be about to change with a new £10 million contract being awarded to Manx Telecom today by the local government. …read more on TotalTele.com »

Tags: man telecom broadband isle

Category: Telecommunications
 

Govt backs Manx Telecom 10m for Isle of Man broadband

2020-05-20 02:00:00| Total Telecom industry news

Currently, the Isle of Man has only around 25% fibre penetration, but this could be about to change with a new £10 million contract being awarded to Manx Telecom today by the local government. …read more on TotalTele.com »

Tags: man telecom broadband isle

Category: Telecommunications
 

Telia licenses standalone OTT rights for Sweden and Finland to Discovery Networks

2020-05-19 09:31:00| Telecompaper Headlines

(Telecompaper) Telia Company has announced that it is licensing out its standalone OTT rights for Sweden and Finland to Discovery Networks. Telia had offered a commitment to license out those rights to one other market player in the two countries last November, in order to secure the commission's approval for Telia's acquisition of the Bonnier Broadcasting companies TV4, C More and MTV.

Tags: rights networks sweden finland

Category: Telecommunications
 

Salt, Sunrise to start joint venture to roll out fibre broadband in Switzerland

2020-05-19 09:28:00| Telecompaper Headlines

(Telecompaper) Swiss operators Salt and Sunrise announced plans to partner on rolling out fibre broadband services. They will set up a joint venture company to manage the roll-out of the broadband network, called Swiss Open Fiber. The roll-out is expected to begin in the fourth quarter of this year. Swiss Open Fiber plans a total investment of up to CHF 3 billion over the next 5-7 years to reach 1.5 million households in areas of Switzerland not adequately supplied with broadband. 

Tags: start roll joint switzerland

Category: Telecommunications
 

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