Telecompaper Headlines

Ethiopian government suspends entry of foreign telecom infrastructure firms

5 hours 30 minutes ago
(Telecompaper) The Ethiopian government has suspended the entry of foreign telecom infrastructure companies to the country, The EastAfrican reported. The decision may not affect foreign telecom service providers and operators that have submitted expressions of interest in buying a stake in Ethio Telecom, it added. The decision came after the government reviewed the list of companies intent on buying a 40 percent stake in the monopoly provider.

Gogo looks to sell commercial aviation Wi-Fi business as Q2 sales fall 55%

22 hours 59 minutes ago
(Telecompaper) Gogo said its revenues fell 55 percent year-on-year to USD 97 million in the second quarter, after the sharp slowdown in air travel during the coronavirus pandemic dampened its sales of in-flight connectivity. While the business aviation market shows some signs of recovery, the company has started to look at selling its commercial aviation business. 

Avaya beats Q3 guidance with return to annual revenue growth

23 hours 32 minutes ago
(Telecompaper) Avaya reported a strong improvement in results for the fiscal third quarter to June, well ahead of its own guidance. Revenues returned to annual growth, at USD 721 million versus USD 717 million a year ago, and the net result moved to a profit of USD 9 million from a loss of USD 633 million a year earlier. 

Huawei confirms Mate 40 to run last Kirin processor as US ban takes effect

1 day 5 hours ago
(Telecompaper) Huawei will stop making its Kirin chipsets from next month, as US sanctions limit its ability to source materials, the company confirmed. That means Huawei's new high-end Mate 40 handsets debuting this fall will be the last smartphones featuring the company's most advanced processor, Yu Chengdong, CEO of Huawei's consumer business, said at an event in Shenzhen reported by Caixin Global. 

Austria 5G auction to start shortly with aim to finish in Q3

1 day 5 hours ago
(Telecompaper) The 5G auction in Austria will start "shortly" and run until the end of September at the latest, according to Klaus M Steinmaurer, managing director of regulator RTR. Steinmauer added that the auction aims to support the expansion of "ultra-fast" mobile broadband. The frequencies on auction range from 700 MHz (6 blocks), 2100 MHz (12 blocks) and 1500 MHz (9 blocks). The allocation process should be completed in Q3.

Trump issues orders banning TikTok, WeChat in US

4 days 6 hours ago
(Telecompaper) The US President Donald Trump has issued two executive orders essentially banning the apps TikTok and WeChat in the US. When they take effect in 45 days, US businesses and citizens will be prohibited from interacting with ByteDance and Tencent, the respective. parent companies of the two apps. Trump said the apps pose a threat to national security, foreign policy and the economy in the US. 

T-Mobile US becomes number two on US market after reaching 98.3 mln customers in Q2

4 days 15 hours ago
(Telecompaper) T-Mobile US said revenues got a boost in the second quarter from its merger with Sprint, while the net profit got hit by the effects of the coronavirus pandemic and one-off costs related to the merger. The number of customers added came well within the company's wide guidance, with total customers reaching 98.3 million at the end of the quarter, pushing the company to second place on the US market after Verizon, overtaking AT&T. This is T-Mobile US' first quarter since closing its merger with Sprint. 

Vodafone switches on live OpenRAN 4G site, claiming UK first

4 days 23 hours ago
(Telecompaper) Vodafone said it has become the first UK mobile operator to switch on a live Open radio Access Network (OpenRAN) 4G site, enabling the introduction of more suppliers for mobile networks. The first site is now connecting the Royal Welsh Showground in Powys, Wales, with the help of Mavenir. Vodafone will now focus on seeing where it can introduce more of these type of sites, for more economical voice and high-speed connectivity.

TikTok to house all European user data in new Irish data centre

5 days ago
(Telecompaper) After moving its European privacy base in June to Dublin, TikTok said it will establish a new data centre in Ireland, its first in Europe, with an investment value of EUR 420 million. TikTok has come under fire in the US where it is facing a possible ban on security grounds, and a potential class action suit from people who believe the company is collecting their personal data without proper consent. This latest move shows the company wants to reassure European users that its service is safe. The company has denied claims it is controlled by the Chinese government.

MTN Group revenue rises 9% in H1, announces plans to exit Middle East

5 days 5 hours ago
(Telecompaper) MTN Group reported service revenue growth of 9.4 percent to ZAR 80 billion in the first six months to 30 June, and EBITDA up 10.9 percent year-on-year to ZAR 42 billion, as efficiency initiatives drove improvement in margins. The South Africa-based mobile operator also said it plans to exit the Middle East over the medium term to focus on Africa and is in advanced talks to sell its majority stake in MTN Syria. 

Veon Q2 results hit by Covid-19 restrictions, hopes for gradual recovery in H2

5 days 6 hours ago
(Telecompaper) Veon reported second-quarter revenues down 16.3 percent year-on-year to USD 1.89 billion, hurt by store closures and reduced roaming due to Covid-19 restrictions. EBITDA was down 18.7 percent to USD 809 million. The operator said it expects a gradual recovery in sales and EBITDA in the second half of the year, assuming lockdown restrictions are slowly lifted. 
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15 minutes 40 seconds ago
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