Qualcomm rejects latest Broadcom offer

(Telecompaper) Qualcomm has rejected the latest takeover offer from Broadcom. After Broadcom raised its bid and the companies met, Qualcomm said it still thinks the offer “materially undervalues” its shares and has an “unacceptably high level of risk”. …read more

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Last week in telecoms: 5G, capex budgets and an offer for TDC drive share prices

(Telecompaper) It was a week of recovery, both in the general market and in the European telecoms sector. Our index gained 1.7 percent, versus +3.0 percent for the Eurostoxx 50 Index. One common theme in the recent quarterly results seems to be capex budgets increasing. Also, investors are still grappling with the consequences of satellite companies offering spectrum for 5G usage in the US. And TDC benefited one last time from Macquarie’s offer, leaving the share price just below the value of the offer. Year-to-date our basket is lagging the general market. …read more

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Facebook loses Belgian privacy case, faces up to EUR 100 mln fine

(Telecompaper) A judge in Brussels has told Facebook to destroy all unlawfully obtained personal data in Belgium, saying the social network failed to provide sufficient information to people about how it collects and stores data. The judgment came in favour of the Belgian Privacy Commission, which has been pursuing the company for several years over unauthorised tracking of both Facebook users and others through cookies. …read more

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MWC2018 preview: Samsung S9 flagship expected, as well new LG, Sony, Nokia, Moto smartphones

(Telecompaper) The Mobile World Congress in Barcelona, the world’s biggest trade show for mobile telecoms, starts on 26 February, and like every year, the smartphone makers will use the event to launch their latest flagship devices. New products are expected from Samsung, LG, Sony, HMD Global (Nokia) and Motorola, as well as smaller brands such as Alcatel, Asus, Wiko and Bullitt Group. …read more

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Italian operators face antitrust probe over billing practices

(Telecompaper) Italy’s antitrust and competition authority, AGCM, has announced the launch of an investigation into possible collusion by the operators Telecom Italia (TIM), Wind Tre, Vodafone Italia and Fastweb over their controversial 28-day billing practices. The probe also includes industry group Assotelecomunicazioni (Asstel), with the antitrust watchdog already having carried out inspections in that regard at Asstel’s Rome office. In a statement, AGCM said it’s looking into whether the operators “coordinated their commercial strategy in relation to the frequency of renewals and billing of offers in the market of fixed and mobile telecommunications retail services following the introduction of new regulatory obligations.” …read more

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