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Kakao Pay m-payment platform hits 10 mln users
2016-06-30 09:25:00| Telecompaper Headlines
(Telecompaper) South Korean mobile messenger service operator Kakao has announced that its mobile payment platform dubbed 'Kakao Pay' has exceeded 10 million users, 19 months after its launch on the local market. Officially launched in September 2014, the Kakao Pay platform enables users to pre-register their credit and debit cards, and make transactions by typing in their passwords.
America Movil agrees to pay USD 1.1 mln to settle FCC probe
2016-06-29 09:08:00| Telecompaper Headlines
(Telecompaper) Puerto Rico Telephone Company (PRTC) and parent company America Movil have agreed to pay USD 1.1 million to settle a Federal Communications Commission (FCC) investigation into foreign ownership levels. In a statement the FCC said stock purchases of America Movil by its owner Carlos Slim and his family "repeatedly exceeded the foreign ownership levels approved by the Commission". The companies have each agreed to adopt compliance plans to prevent future stock purchases by the Slim family that would exceed foreign ownership limits without first receiving the agency's review and approval.
DNA joins Anvia Telecom bidding with EUR 120 mln offer
2016-06-28 14:17:00| Telecompaper Headlines
(Telecompaper) Finnish operator DNA said it has made a binding cash offer of EUR 120 million for Anvia Telecom and four other Anvia subsidiaries. This is above the EUR 107 million that Elisa agreed with Anvia to pay for Anvia Telecom, Anvia IT-Services, Anvia Hosting, Anvia TV and Watson Nordic.
Blackberry loss swells to USD 670 mln after writedowns
2016-06-23 15:07:00| Telecompaper Headlines
(Telecompaper) BlackBerry recorded a net loss of USD 670 million for its fiscal first quarter to May, reversing a profit of USD 68 million a year ago. The company took a number of writedowns in the quarter, including USD 501 million on assets, USD 57 million on goodwill and USD 41 million on inventory. Gross profit halved to USD 154 million, as revenue fell to USD 400 million from USD 658 million a year ago. BlackBerry said adjusted EBITDA remained positive for the tenth consecutive quarter and should remain so over the full year. Cash flow should also be positive over the full year, after a cash burn of USD 65 million in Q1, and the company said its more efficient operating model should mean an annual adjusted net loss half what the market currently expects, at around USD 0.15 per share.
Tags: loss
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blackberry
mln
Twilio raises USD 150 mln in IPO
2016-06-23 08:34:00| Telecompaper Headlines
(Telecompaper) Twilio, the maker of a platform for developing communication apps, has raised USD 150 million in its initial public offering of shares. The 10 million shares for sale were priced at USD 15 per share and will start trading 23 June on the New York Stock Exchange. The shares were priced above the indicated range of USD 12-14, and the pricing gives the company a market capitalisation of around USD 1.2 billion. Twilio has granted the underwriters a 30-day option to purchase up to 1.5 million additional shares at the initial public offering price.
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