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Facebook to acquire stake in India's Jio Platforms for USD 5.7 bln

2020-04-22 08:57:00| Telecompaper Headlines

(Telecompaper) Facebook has agreed to invest INR 435.7 billion (approximately USD 5.7 billion) into India's Jio Platforms, the holding company of mobile operator Reliance Jio Infocomm. This investment gives Jio Platforms an enterprise value of INR 4.6 trillion (approximately USD 66 billion). Facebook's investment will translate into a 9.99 percent equity stake in Jio Platforms on a fully diluted basis. 

Tags: usd acquire platforms facebook

 

Huawei maintains revenue growth in Q1, sales up 1.4% to CNY 182 bln

2020-04-21 11:46:00| Telecompaper Headlines

(Telecompaper) Huawei said results for the first quarter were in line with expectations, despite the effects of the coronavirus pandemic. The company said its business is continuing as usual and provided some figures. Revenues for the quarter rose 1.4 percent from the year before to CNY 182.2 billion, while the net profit margin was 7.3 percent.

Tags: sales growth revenue maintains

 
 

Covid-19 travel restrictions to cost operators USD 25 bln in roaming revenues

2020-03-27 09:31:00| Telecompaper Headlines

(Telecompaper) The impact of coronavirus on the international travel industry could result in network operators losing over USD 25 billion in revenues over the next 9 months, according to a report from Juniper Research. Under the more likely high impact scenario, over 650 million passenger trips will be cancelled due to the pandemic before the end of the year, affecting over half of all roaming revenue for the period.

Tags: travel cost usd restrictions

 

Magyar Telekom, Telenor, Vodafone Hungary pay HUF 128.5 bln for 5G licences

2020-03-27 08:41:00| Telecompaper Headlines

(Telecompaper) Magyar Telekom, Telenor Hungary and Vodafone Hungary paid a total of HUF 128.5 billion (EUR 363 million) for 15 years of usage rights for the 700 MHz, 2,100 MHz and 3,600 MHz bands in telecom authority NMHH's latest auction. Due to the epidemic situation, the 5G auction took place under special circumstances.

Tags: pay hungary magyar telekom

 

Apple fined record EUR 1.1 bln in France over unfair sales practices

2020-03-16 16:08:00| Telecompaper Headlines

(Telecompaper) Apple and two of its wholesale distribution partners, Ingram Micro and Tech Data, received fines totalling EUR 1.24 billion from the French antitrust regulator, following an investigation started in 2012. The companies have been found guilty of operating a cartel for a range of Apple products including computers and tablets, but not the iPhone. The fine inflicted on Apple amounts to EUR 1.1 billion, the largest ever imposed by the French competition watchdog. Tech Data and Ingram Micro will have to pay sanctions of EUR 76 million and EUR 63 million respectively.

Tags: france sales eur record

 

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