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Quibi Quits: Streaming service folds after just six months

2020-10-22 02:00:00| Total Telecom industry news

In what is being described by some as the first big failure of the streaming era, Quibi announced yesterday that it is closing down. The streaming service, which focussed on delivering short-form quick bites (or ‘Quibis’) in under 10 minutes, was the brain child of Disney’s chairman Jeffrey Katzenberg, who managed to raise a staggering $1.75 billion in funding since its conception in 2018. Launched back in April this year…read more on TotalTele.com »

Tags: service months six streaming

Telefonica rolls out EUR 7 a month e-health service

2020-10-21 15:43:00| Telecompaper Headlines

(Telecompaper) Telefonica said its new telemedicine service for Spanish users is now available at prices starting at EUR 7 a month. First unveiled at the start of the month, the service is dubbed 'Movistar Salud' and is designed to give people from all over Spain, even those living in remote areas, access to health professionals from the comfort of their homes. Users will be connected to a primary care doctor 24 hours a day, 7 days a week, for EUR 6.95 a month for an individual subscription and EUR 10.95 a month for a basic family subscription, plus a one-off EUR 10 activation fee.

Tags: service month eur rolls

Verizon improves FY outlook as wireless service revenue improves in Q3

2020-10-21 14:48:00| Telecompaper Headlines

(Telecompaper) Verizon has issued a modest improvement in its full-year outlook, after a better-than-expected performance in Q3. The company now expects annual adjusted EPS flat to 2 percent higher, compared to its previous guidance for an up to 2 percent fall. This follows stable adjusted EPS of USD 1.25 in Q3 and a return to wireless service revenue growth of 0.4 percent as stores re-opened during the quarter. Wireless service revenues are expected to strengthen to at least 2 percent growth in Q4, supported by new device launches like the latest iPhones.

Tags: in service wireless revenue

America Movil results rebound in Q3, organic service revenues up 1.5%

2020-10-21 10:06:00| Telecompaper Headlines

(Telecompaper) America Movil reported an improvement in third-quarter results compared to Q2 trends, as confinement measures began to be lifted in its footprint and commercial activity rebounded in most markets. Revenues rose 4.7 percent year-on-year to MXN 260 billion, and EBITDA increased 10.1 percent to MXN 86.5 billion. At constant exchange rates, service revenues rose 1.5 percent year-on-year, nearly double the growth rate in Q2, as mobile service growth improved to 3.5 percent from 2.3 percent in the previous quarter.

Tags: up service results america