Telecompaper Headlines

Comcast says peak internet traffic up 32% since start of March

11 hours 21 minutes ago
(Telecompaper) Comcast, the largest ISP in the US, said its peak internet traffic has increased 32 percent since the start of March, but the usage remains within the overall capacity its network. The increase in people working at home has shifted the downstream peak to earlier in the evening, while upload traffic is growing during the day in most cities. The company also announced new offers of free educational TV content for its cable subscribers and two months free internet access for college students. 

Ericsson sees no impact on business yet from Covid-19

11 hours 37 minutes ago
(Telecompaper) Ericsson has not seen any major impact on its business yet from the Covid-19 pandemic. CEO Boris Ekholm told shareholders at the company's annual meeting that the "top priority at the moment is the health and safety of our employees, customers, and other stakeholders. So far, we have not seen any material impact on our business, but we are closely following the developments in society."

More EU 5G auctions face delays, Netherlands and Poland to go ahead by June

15 hours 37 minutes ago
(Telecompaper) A growing number of countries are delaying 5G spectrum auctions, as restrictions related to the Covid-19 pandemic make it difficult to maintain planning. The EU's deadline of June for the release of the 700 MHz band for 5G will be missed by several states as a result, including Spain and Austria. The Netherlands and Poland said they still aim to go ahead with auctions in the coming months. 

Proximus lowers dividend to accelerate investment in fibre roll-out

18 hours 34 minutes ago
(Telecompaper) Belgian operator Proximus has unveiled its new strategic plan #inspire2022 at its Capital Markets Day. The new CEO Guillaume Boutin plans to focus on increased capital investment in order to accelerate growth. The company is launching 5G services using existing spectrum, plans to add up to 1 million more fibre premises passed to its targets and is seeking a greater presence in the wholesale and business markets. The extra investment will result in a lower dividend in the year to come, while the aim is to return the company to profitable revenue and EBITDA growth in its domestic operations by 2022.

Spain postpones auction of 5G-ready frequencies in 700 MHz band

18 hours 48 minutes ago
(Telecompaper) Spain's Ministry of Economic Affairs has notified the European Commission that it will be unable to hold its auction of 5G-ready spectrum in the 700MHz band before the scheduled EU deadline of 30 June 2020, confirming earlier reports. In a statement, the ministry said the current "State of Alarm" caused by the coronavirus pandemic has led to the decision to suspend the country's digital dividend plan to free up the 700 MHz band for 5G mobile services with a view to ensuring that digital terrestrial television (DTT) reception is not affected by the need to retune antennas.

Apple releases Covid-19 app, website with White House, FEMA

1 day 14 hours ago
(Telecompaper) Apple has released a Covid-19 app together with the White House Coronavirus Task Force and the US's Federal Emergency Management Agency, to make it easier for people across the country to access reliable information and guidance. The app and website give information about risk factors, recent exposure and symptoms, and explain when a person should contact a medical provider. They also direct users to other information resources. 

Teleste withdraws FY financial guidance due to uncertainty caused by Covid-19

1 day 18 hours ago
(Telecompaper) Finnish network equipment specialist Teleste said it is withdrawing its financial guidance for 2020 issued on 13 February, because of the potential impact of the Covid-19 pandemic and economic uncertainty. Teleste had predicted that net sales would not deviate materially from the EUR 235.5 million achieved for the 2019 full year, and predicted an adjusted operating profit of EUR 6-10 million compared with EUR 7.7 million in 2019.

SK Telecom tops 2 mln 5G subscribers, nearly 45% 5G market share in first year

1 day 20 hours ago
(Telecompaper) South Korean operator SK Telecom has reached 2.22 million 5G subscribers and 44.7 percent 5G market share, according to a report from the Korean Ministry of Science and ICT released in January. SK Telecom commercially launched its 5G service on 3 April 2019. SK Telecom also reports it has created around 70 5G Clusters in key commercial districts and densely populated areas throughout the nation. To date, around 1 million customers visited SK Telecom's 5G Clusters to test 5G services such as 'Jump AR Zoo' and '5G LoL Park.'

Xiaomi unveils cheaper Mi 10 Lite 5G, along with more connected devices

4 days 11 hours ago
(Telecompaper) Xiaomi has officially added more products to its Mi portfolio, including the Mi 10 Lite, along the further expansion of its Mi 10 and Mi 10 Pro smarpthones, plus five more products, including a few routers, an air purifier and earphones. The Mi 10 and Mi 10 Pro were earlier unveiled, and launched in China last month. They will now become available, along with the other devices, in more global markets, Xiaomi said, without giving further specifications.

Singtel's Hooq Digital files for liquidation

4 days 15 hours ago
(Telecompaper) Hooq Digital, 76.5 percent owned by Singapore operator Singtel, said it has filed for liquidation, the Singapore Business Times reported. Sony Pictures and Warner Bros Entertainment also have stakes in the joint venture, which failed to take off after launching five years ago. Hooq said the OTT video market has undergone significant structural changes since then.

Facebook mulls acquisition of Reliance Jio stake – report

4 days 15 hours ago
(Telecompaper) Facebook seeks to acquire a multibillion-dollar stake in Reliance Jio. The Indian operator's mobile internet service has attracted nearly 370 million Indian customers in just three years, The Financial Times reports, citing two unnamed sources with knowledge of the discussions. According to one of these sources, Facebook nearly signed a preliminary deal for a 10 percent share in Jio, but the deal timetable was negatively impacted by the global lockdowns caused by the coronavirus outbreak.

Sinch to buy Brazil's Wavy from Movile, sees up to BRL 20 mln synergies in 2 years

4 days 19 hours ago
(Telecompaper) Swedish mobile messaging service provider Sinch said it has signed a definitive agreement to acquire Brazilian messaging company Wavy for BRL 355 million in cash and 1.53 million new shares issued to owner Movile, and expects to complete the deal in the second half of 2020. Merger synergies are expected to reach BRL 15-20 million over the coming 24 months. Sinch has increased its credit facility by SEK 600 million for future acquisition opportunities, too.

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

4 days 19 hours ago
(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.

Huawei unveils new P40 flagship smartphone series

5 days 14 hours ago
(Telecompaper) Huawei has unveiled its new P40 flagship smartphone range. The P40 Lite, P40 and P40 Pro models will be available from 07 April starting at respectively EUR 299, EUR 799 and EUR 999, and the P40 Pro+ with five cameras will follow in June for EUR 1,399. 
1 hour 4 minutes ago
Telecompaper Headlines
Business information about the telecom industry, an extensive overview of telecom-related articles
Subscribe to Telecompaper Headlines feed