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A1 CEO submits resignation

2017-10-17 13:56:00| Telecompaper Headlines

(Telecompaper) Margarete Schrambock, CEO of the Austrian operator A1, has resigned. She had been in the position since May 2016. Until a successor is appointed, Marcus Grausam will take over her duties as interim CEO. Schrambock's possible resignation was reported earlier.


Seamless plans to drop SEQR and focus on MeaWallet, eProducts

2017-10-17 11:08:00| Telecompaper Headlines

(Telecompaper) Seamless Distribution said it considering selling or winding down its SEQR mobile payment code service and focusing on Meawallet and eProducts instead, and is considering a rights issue to raising funding. The board intends to call an EGM within the coming two weeks, where the considered proposals will be presented.


Italy applies special powers on TIM to scale back Vivendi influence

2017-10-17 08:43:00| Telecompaper Headlines

(Telecompaper) The Italian government has notified Telecom Italia (TIM) that Prime Minister Paolo Gentiloni signed a decree activating the so-called "golden power" rule of 2012 that allows the state to intervene in strategically important companies. The government's unprecedented move to apply the golden power comes after Italian markets watchdog Consob ruled that France's Vivendi had "de facto control" of TIM via a 24 percent stake and two-thirds of the company's board. 


Qualcomm achieves 5G data connection with first modem chipset

2017-10-17 08:40:00| Telecompaper Headlines

(Telecompaper) Qualcomm has claimed an industry first, with a successful 5G data connection on a 5G modem chipset for mobile devices. The Qualcomm Snapdragon X50 5G modem chipset delivered gigabit speeds and a data connection in the 28GHz mmWave radio frequency band. Additionally, Qualcomm previewed its first 5G smartphone reference design for the testing and optimization of power and form-factor constraints for the next generation of smartphone.


Netflix adds 5.3 million subscribers in Q3, sales up 30%

2017-10-17 08:27:00| Telecompaper Headlines

(Telecompaper) Netflix added a net 5.30 million new streaming subscribers in the third quarter, including 4.45 million outside the US. This gives the company a total 109.2 million customers, of which around half (56.5 million) at its international operations. Netflix's sales rose 30 percent to USD 2.98 billion in the quarter, giving an ARPU up 7.2 percent to USD 9.85. 


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