Tele2 lift sales 5%, EBITDA 7% in Q1 pulled up by Baltics, Kazakhstan, Croatia

(Telecompaper) Tele2 reported net sales for the first quarter up 5 percent, also like-for-like, to SEK 6.22 billion, while EBITDA lifted 7 percent to SEK 1.63 billion, with results again getting a boost from operations in Kazakhstan and the Baltics, as well as from Croatia. The company said it will keep its quarterly dividend at SEK 4 per share but has announced a new shareholder remuneration and leverage policy as it looks forward to its merger with Com Hem. …read more

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DoJ investigates AT&T, Verizon, GSMA for possible eSim collusion

(Telecompaper) The US Justice Department (DoJ) s looking into whether AT&T, Verizon and GSMA made it difficult for people to easily switch mobile carriers by blocking or hindering the use of eSims, the New York Times reported, citing six sources with knowledge of the inquiry. The DoJ) asked the parties in February for information on potential collusion to thwart eSim, a technology that lets people remotely switch mobile provider without having to insert a new Sim card into a device, two of the sources said. AT&T and Verizon face accusations that they colluded with the GSMA to try to establish standards that would allow them to lock a device to their network even if it had eSim technology. …read more

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China Mobile’s Q1 profit, EBITDA grow 4%

(Telecompaper) China Mobile reported operating revenue of CNY 185.5 billion for the first quarter of 2018, which represents an increase of 0.8 percent year-on-year. First-quarter EBITDA reached CNY 69.7 billion, up by 3.9 percent year-on-year, while profit amounted to CNY 25.8 billion, up by 4.1 percent over the same period of 2017. …read more

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Last week in telecoms: Q1 reports, Russian recovery and a Vodafone/Liberty report after the close

(Telecompaper) Last week’s main news came after Friday’s close. It was a report in the Financial Times on progression in the merger talks between Vodafone (+1.5%) and Liberty Global (+3.2%). After confirming the talks in early February, Vodafone would be coming closer to buying Liberty’s assets in Germany and Eastern Europe. The Telecompaper telecoms index closed the week with a gain of 1.9 percent, outperforming the EuroStoxx 50 index’s +1.3 percent. Year-to-date both are still in negative territory, our telecoms index down 3.3 percent and the general market index down 0.3 percent. …read more

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Ericsson narrows losses in Q1, to continue R&D push for 5G

(Telecompaper) The company noted that the cornerstone of its strategy is to invest in R&D in order to boost the company’s leadership and generate higher gross margins. This means Ericsson will continue to increase investments in Networks to lead in 5G. In Digital Services, money will go the company’s new cloud-native portfolio and to boost efficiency by changing some ways of working. At Managed Services, the focus will remain on machine intelligence, automation and analytics. …read more

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Ericsson narrows losses in Q1, to continue R&D push for 5G

(Telecompaper) The company noted that the cornerstone of its strategy is to invest in R&D in order to boost the company’s leadership and generate higher gross margins. This means Ericsson will continue to increase investments in Networks to lead in 5G. In Digital Services, money will go the company’s new cloud-native portfolio and to boost efficiency by changing some ways of working. At Managed Services, the focus will remain on machine intelligence, automation and analytics. …read more

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ZTE to seek talks, legal action against ‘unfair’ US export ban

(Telecompaper) ZTE said it will seek talks with US officials and take legal action if necessary, after the US government “unfairly” imposed a ban on components from the US to the Chinese company. In its first official statement since the ban was announced, ZTE said the seven-year order will “not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of US companies”. …read more

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