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Tencent grows Q2 revenues 29% on demand for mobile games, media services

2020-08-12 14:33:00| Telecompaper Headlines

(Telecompaper) Tencent reported steady growth in the second quarter, with little sign of a slowdown due to the coronavirus. Revenues rose 29 percent year-on-year to CNY 114.9 billion, EBITDA increased 24 percent to CNY 40.5 billion, and the net profit was up 31 percent to CNY 32.5 billion. 

Tags: services media games mobile

 

Claro, TIM and Vivo enter exclusive talks to buy Oi mobile assets

2020-08-10 09:02:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi has granted the consortium formed by Telefonica Brasil (Vivo), TIM and Claro exclusivity in negotiations to sell its mobile business. They would also qualify as a 'stalking horse' bidder, with the right to top other bids received for the assets. 

Tags: buy enter mobile exclusive

 
 

Dish Network buys assets of Ting Mobile from Tucows

2020-08-03 14:20:00| Telecompaper Headlines

(Telecompaper) Dish Network has acquired the assets of MVNO Ting Mobile, including its customer relationships, from Tucows, for an undisclosed amount. Under the deal, most Ting Mobile customers across the US will become Dish customers from August. The customers will be able to access the new T-Mobile US network, continue using their own phones and keep their rates and customer experience, Dish said. 

Tags: network mobile assets dish

 

ITU: Harmonised mobile standards are integral telecoms development post-COVID-19

2020-07-29 02:00:00| Total Telecom industry news

Around the world, collaboration between governments and communications companies have been at the heart of national and international responses to the coronavirus pandemic. From social distancing and contact tracing apps, to telemedicine and remote schooling, joint action between the private and public sector has been key to containing the virus and ensuring the continuation of businesses and public life.   This, of course, has been no easy task, but stakeholders have been able to pivot so successfully in part due to the resilience and universality of global communications standards. But, with the telecoms world in turmoil not only from the effects of the pandemic but also from increasing political interference…read more on TotalTele.com »

Tags: development mobile standards integral

 

TIM, Telefonica and Claro update bid for Oi's mobile business to BRL 16.5 billion

2020-07-28 08:32:00| Telecompaper Headlines

(Telecompaper) TIM Brasil, Claro and Telefonica Brasil have submitted an updated binding bid for the acquisition of Oi's mobile assets worth BRL 16.5 billion (EUR 2.73 billion). The offer also envisages long-term agreements to use Oi's infrastructure. The bid is subject to the companies being named the 'stalking horse' in the bidding, which gives them the right to match or improve on any higher offers received by Oi. 

Tags: business mobile update bid

 

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