EE sale props up $3.5bn profits at Orange
Orange has released financials for the first half of 2016 where the team reported profits of $3.48 billion, largely due to the $12.5 billion sale of EE to BT, which was completed in late January.
Orange has released financials for the first half of 2016 where the team reported profits of $3.48 billion, largely due to the $12.5 billion sale of EE to BT, which was completed in late January.
Sprint has released its quarterly figures which demonstrated healthy gains in the postpaid business, up 173,000 connections, but did post a $302 million loss for the period.
Huawei has released financials for the first half of 2016 demonstrating a 40% revenue boost to $37 billion, partly owing to a healthy performance in the consumer business unit.
AT&T has reported a year-on-year revenue hike of 23% to $40.5 billion, largely due to the integration of DirecTV, however there was a net-loss of 49,000 TV subscribers across the quarter.
Intel has reported 3% growth, including a 5% boost in its data centre business, though the client computing unit continues its slow decline.
Microsoft has reported 5% revenue growth to $22.6 billion as the Intelligent Cloud business unit led the charge, with the Azure cloud offering more than doubling in revenues and compute usage.
TalkTalk delivered mixed news at its end of year financial report as the fixed operator continues to recover from last year’s hefty cyber attack, claiming impressive growth in its Business business.
Nokia has reported a growth in operating profit for Q1 2016 despite a drop in sales and revenue for the quarter, and will be accelerating its cost-cutting plans following the Alcatel-Lucent acquisition.
BT has announced a major new investment plan to boost broadband speed and availability across the country and consequently stave off regulatory pressure over Openreach.
Sprint has announced it will be trialling 5G millimetre wave technology at the Copa America football tournament this June.
T-Mobile US has announced an impressive range of Q1 2016 results including subscriber gain, revenue growth, churn reduction and an improved forecast for the rest of the year.
Two major global operators are among the backers of a drone-based data analytics firm, which recently received $18million in venture capital funding.
Giant US operator Verizon reported Q1 2016 numbers broadly in line with analyst consensus, although revenues fell a bit short, pushing its shares down 3% at time of writing.
US chip giant Intel has announced it will be cutting 11% of its workforce – 12,000 employees – over the next year to enable a shift away from client computing and towards IoT and the cloud.
Verizon is lining up a bid to acquire Yahoo’s web business next week, according to reports.
Samsung is expecting a 10% rise in operating profit as it released preliminary financial results for Q1 2016.
ZTE has posted a 23% revenue growth for its full-year 2015 results, pointing to growth in its international consumer business and carrier networking gear.
Nokia has announced it will be reducing its workforce to cater for the Alcatel-Lucent integration and future market challenges or trends.
Huawei has posted year-end results showing impressive 33% YoY profit growth across the entire group, fuelled by the rise of its consumer devices business.
In a protracted M&A saga, Telecom Italia (TIM) has completed the sale of its stake in Telecom Argentina parent company Sofora to investment firm Fintech, while also pledging nearly €12bn to network investment initiatives.
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