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Net Insight names Amazon as Sye buyer, completes transaction with SEK 200 mln profit in Q1
2020-01-06 09:26:00| Telecompaper Headlines
(Telecompaper) Net Insight has named Amazon as the buyer of its Sye consumer streaming business for approximately SEK 350 million in cash and said the transaction has been completed. It had announced that it had found a buyer in December but said at the time only that it was a Fortune 500 company.
Samsung ships over 6.7 mln Galaxy 5G devices in 2019, to launch 5G tab in Q1
2020-01-03 08:54:00| Telecompaper Headlines
(Telecompaper) Samsung shipped over 6.7 million Galaxy 5G devices last year. The company said that at November 2019, it accounted for over half (53.9%) of the global 5G smartphone market.
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Dutch mobile operators fined EUR 13 mln for incorrect sales info on websites
2019-12-30 10:16:00| Telecompaper Headlines
(Telecompaper) Dutch telecom operators KPN, Tele2, T-Mobile and Vodafone have been fined a total of EUR 13.2 million for providing incomplete and incorrect information to customers on their websites. The consumer regulator ACM said the companies did not adhere to regulations requiring complete and correct information on their services offered for sale.
French competition authority fines Google EUR 150 mln over Google Ads rules
2019-12-20 15:04:00| Telecompaper Headlines
(Telecompaper) The French competition watchdog said that Google abused its dominant position in the search advertising market, by enforcing opaque and difficult to understand rules on users of its Google Ads service. The company also failed to provide non-discriminatory access to the ad platform and unfairly suspended the accounts of clients such as directory enquiry specialist Amadeus, which had previously lodged a successful complaint against Google. The watchdog has imposed a EUR 150 million fine on the company, and has requested the introduction of clearer Google Ads rules.
Vodafone exits Malta in sale to Monaco Telecom for EUR 250 mln
2019-12-19 09:54:00| Telecompaper Headlines
(Telecompaper) Vodafone Group announced an agreement to sell all of of Vodafone Malta to Monaco Telecom. The cash purchase price gives the Maltese mobile operator an enterprise value of EUR 250 million, equal to 7.8x EBITDA for 2019.
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