Telia posts Q1 loss on divestments, starts share buyback as cash flow improves

(Telecompaper) Telia reported a net loss of SEK 600 million for the first quarter, versus a profit of SEK 7.05 billion a year ago, due to losses on divestments in central Asia. Revenues were still up 3.2 percent to SEK 19.85 billion, and adjusted EBITDA rose 7.4 percent to SEK 6.50 billion. Telia also announced plans to buy back SEK 5 billion in shares over the next three years. …read more

read more

South Korea sets 5G spectrum auction opening price at KRW 3.3 trillion

(Telecompaper) The three operators will compete for 28 blocks in the 3.5GHz spectrum and 24 blocks in the 28GHz spectrum, with the period of use starting in December for 10 years and five years, respectively, the ICT ministry said. The government set the minimum bidding price for the 3.5GHz blocks at KRW 2.65 trillion and for the 28GHz blocks at 621.6 billion after taking into consideration the last auction for 4G spectrum. In 2016, the opening price for the 4G spectrum auction was set at KRW 2.6 trillion. …read more

read more

Bouygues Telecom launches new fixed broadband plans, 4K STB, ‘guaranteed internet’ pledge

(Telecompaper) Bouygues Telecom will refresh its fixed broadband proposition on 23 April with the introduction of three new plans replacing its current Bbox offering. As part of this announcement, the operator has also officially launched an enhanced STB supporting 4K content and has integrated a ‘guaranteed internet’ pledge within its fixed broadband offering, based on a back-up of 60 GB of 3G/LTE data. …read more

read more

Qualcomm to refile NXP bid after China rejects initial remedies

(Telecompaper) Qualcomm has withdrawn its application for competition clearance in China for its takeover of NXP Semiconductors, after an initial negative reaction to its proposed remedies. The proposed acquisition would have a substantial impact on the technology industry and may have negative effects on the market, a spokesman for China’s Ministry of Commerce said, according to a report from Bloomberg. Qualcomm plans to refile the application with new terms, he said. …read more

read more

Iranian govt bans state bodies from using Telegram app, Khamenei shuts account

(Telecompaper) The Iranian government has banned state bodies from using the Telegram instant messaging app as Supreme Leader Ayatollah Ali Khamenei’s office said his account would shut down to protect national security, ISNA reported. The order came days after Russia, Iran’s ally in the Syrian war, started blocking Telegram in its territory after the company’s repeated refusal to give Russian state security services access to users’ secret messages. …read more

read more

Nigerian court stops sale of 9mobile after motion by shareholders

(Telecompaper) The Nigerian High Court has stopped the sale of 9mobile following opposition to the deal by some shareholders of the company, ThisDay reported.Justice Binta Nyako gave the order stopping the sale while ruling on an ex parte motion brought by the shareholders. One of the companies said to be a shareholder in 9mobile and a plaintiff in the suit is owned by Katsina businessman, Alhaji Dahiru Mangal. …read more

read more

AT&T cancels IPO of DirecTV LatAm stake

(Telecompaper) AT&T has postponed a planned IPO of a stake in Vrio, the holding company for its satellite television service DirecTV Latin America. In a brief statement, the company said it decided to withdraw its planned initial public offering of shares of Vrio, citing current market conditions. …read more

read more