LG kicks off massive game of management musical chairs
With a new CEO, CFO and CSO, as well as new Presidents for the Home Entertainment and Mobile Communications units, the LG management team is looking very different.
Telecoms.com
restructure
Telefónica enters ‘new era’ with major business restructure
Group CEO José María Álvarez-Pallete has unveiled a five-point strategy which include prioritising Telefónica’s growth markets.
Elliott starts calling for AT&T CEOs head – report
Elliott Management, the activist investor which steamrolled into the AT&T business, has reportedly called for the replacement of CEO Randall Stephenson.
Change is on the Telefónica horizon with towers and workforce restructure
Telefónica has announced plans to accelerate the strategy of monetizing its tower assets after getting the green light from the Board of Directors.
Huawei founder has been expecting 5G conflict for a decade
After Motorola pulled out of discussions to purchase Huawei more than a decade ago, Huawei founder Ren Zhengfei warned executives of a conflict, but this has exceeded what he had in mind.
Ren confirms Huawei restructure on the cards with memo
An internal memo from Huawei founder Ren Zhengfei has been doing the rounds, suggesting a major business restructure to ensure the business can survive US aggression.
Vodafone ponders spin off of European tower business
After reporting declines in group revenues, Vodafone needed to bring some good news to the earnings call, and it seems the creation of a standalone tower business has done the job.
Verizon hits reset button with 2.0 launch
Verizon has announced it is now a new business, one which is customer centric and ready for the digital world of tomorrow. Smells like a polite way of announcing a restructure.
Investment bank backs the BT waiting game
Don’t expect BT to give too much away over the next couple of months, but investment bank Jefferies thinks there is enough there to make the telco a good bet.
Verizon reworks the corporate jigsaw puzzle in the name of 5G
Verizon has unveiled a new corporate structure in an attempt to make a lean, mean, money-making machine at the dawn of the 5G era.
Ericsson Chairman steps aside as company ‘enters a new phase’
Chairman of the Ericsson Board of Directors Leif Johansson has announced that he will not make himself available for re-election at the 2018 Annual General Meeting.
Avaya reveals new turnaround strategy: go bankrupt
Struggling unified comms vendor Avaya has announced a cunning new business strategy consisting of filing for bankruptcy, then rising once more like a phoenix from the flames.
O2 denounced for ruining Christmas
The Communication Workers Union (CWU) has decided to prove its worth by shaming O2 as the Christmas Grinch with its redundancy message to employees.
Ericsson succumbs to salami slicing in Sweden
The networking giant continues to respond to challenging times by restructuring, streamlining, right-sizing and countless other euphemisms for shrinking the company.
Intel cutting 12,000 jobs from PC and mobile to refocus on IoT and the cloud
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.
Qualcomm decides not to split up after strategic review
Following a five-month review of its corporate and financial structure, mobile chip giant Qualcomm has decided to persist with the current model rather than split the company up.
HTC Q3 not quite as bad as feared
Taiwanese smartphone maker HTC has released its Q3 numbers and, while they were pretty ugly, they were towards the top end of its guidance.
Marvell to refocus on IoT as mobile profits drop
Chip maker Marvell Technology has announced a ‘significant restructuring’ programme as mobile revenues disappoint and the Internet of Things offers better growth prospects.
HTC announces further restructuring including 15% headcount reduction
Taiwanese smartphone maker HTC has announced a ‘business realignment’ as part of its efforts to diversify away from the difficult smartphone sector, which will include a 15% reduction in headcount.
Google creates Alphabet holding company to aid diversification
US search giant Google has announced the creation of a holding company called Alphabet that it’s claimed will enable its founders to better pursue non-core initiatives.
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