Business

Telefonica Posts Record Profit on Tower Sale

Telefonica Posts Record Profit on Tower Sale

31 Jul 2021 comment

Spanish based operator Telefonica raised its full year outlook after posting an all-time record net income.

Strong First Half for Nokia, 2021 Outlook Revised Upwards

Strong First Half for Nokia, 2021 Outlook Revised Upwards

31 Jul 2021 comment

Nokia's net sales grew 9 percent on constant currency in the second quarter of 2021.

Samsung's Revenue Went Up 20 Percent in the Last Quarter

Samsung's Revenue Went Up 20 Percent in the Last Quarter

30 Jul 2021 comment

During the second quarter of 2021, Samsung made a net profit of KRW9.6 trillion ($8.4 billion), up from KRW5.6 trillion in the same period last year.

HT Revenue Grew 3.4 Percent in the First Half of 2021

HT Revenue Grew 3.4 Percent in the First Half of 2021

30 Jul 2021 comment

Hrvatski Telekom closed the first half of 2021 on a positive note with a strong commercial performance, with revenue growth translating into solid EBITDA AL growth.

Microsoft Posts Record Profit Boosted by Cloud Services

Microsoft Posts Record Profit Boosted by Cloud Services

29 Jul 2021 comment

Microsoft posted most profitable quarter so far, beating expectations for revenue and earnings.

Alphabet Revenue Went Up on Advertising Rebound

Alphabet Revenue Went Up on Advertising Rebound

29 Jul 2021 comment

Sundar Pichai, CEO of Alphabet and Google, said that a rising online activity contributed to a surge in earnings in the second quarter of 2021.

Apple Reports 36 Percent Higher Revenue in the Third Fiscal Quarter

Apple Reports 36 Percent Higher Revenue in the Third Fiscal Quarter

28 Jul 2021 comment

Apple announced financial results for its fiscal 2021 third quarter ended June 26, 2021.

Alphabet Creates Industrial Robotics Business

Alphabet Creates Industrial Robotics Business

28 Jul 2021 comment

Alphabet announced the creation of Intrinsic, a division which will focus on the development of robotics for industrial use.

TSMC Considering its First Semiconductor Plant in Europe

TSMC Considering its First Semiconductor Plant in Europe

27 Jul 2021 comment

TSMC chairman Mark Liu reportedly confirmed the company was considering creating its first semiconductor plant in Europe.

EC Could Start Legal Action Against 23 Member States

EC Could Start Legal Action Against 23 Member States

27 Jul 2021 comment

A total of 23 EU countries could be taken to court for lacking to enact EU copyright rules into national law.

Nokia Gets a Boost in China

Nokia Gets a Boost in China

26 Jul 2021 comment

Nokia received a boost in the Chinese market after securing a 5G radio contract in one of three tenders held by operator China Mobile.

A Strong Result for Vodafone in the Last Quarter

A Strong Result for Vodafone in the Last Quarter

26 Jul 2021 comment

Vodafone Group had a strong opening to its fiscal year 2022.

BT Pushes Investments in Cybersecurity

BT Pushes Investments in Cybersecurity

25 Jul 2021 comment

BT announced a multi-million pound investment in Safe Security, a US-based cyber risk management company.

Qualcomm Expands the Wearables Segment

Qualcomm Expands the Wearables Segment

25 Jul 2021 comment

Qualcomm outlined its vision of the wearables space while highlighting several significant Snapdragon Wear Platform milestones.

Microsoft and NEC Expand Strategic Partnership

Microsoft and NEC Expand Strategic Partnership

24 Jul 2021 comment

Microsoft and NEC announced an expansion of their decades-long collaboration.

Flat Revenue and Lower Net Income for Intel in 2Q21

Flat Revenue and Lower Net Income for Intel in 2Q21

24 Jul 2021 comment

In the second quarter of 2021, Intel had flat revenue year over year, while net income fell 1 percent.

Ericsson and MIT Enter into New Collaboration

Ericsson and MIT Enter into New Collaboration

22 Jul 2021 comment

MIT and Ericsson are collaborating on two research projects that seek to help build a new network infrastructure needed to empower the truly revolutionary use cases the next generation of mobile networks will bring.

Samsung Announced Possible US Chip Fab Locations

Samsung Announced Possible US Chip Fab Locations

22 Jul 2021 comment

Samsung released info on US locations under consideration for a new chip fabrication plant.

Telecom Italia Updates Group Guidance

Telecom Italia Updates Group Guidance

21 Jul 2021 comment

Telecom Italia lifted its guidance for revenue and core earnings for the 2022 to 2023 period.

All Eyes Are on 5G Network and What it Brings to Everyone

All Eyes Are on 5G Network and What it Brings to Everyone

21 Jul 2021 comment

We see a future in 5G phones, and one of our main goals is to speed up the visibility of 5G smartphones, said in an interview for ICTbusiness.info Stephen Taylor, Marketing Director at HMD Global.

IBM's Revenue Jumps in Q2 Powered by Cloud and Services

IBM's Revenue Jumps in Q2 Powered by Cloud and Services

20 Jul 2021 comment

IBM reported a very good second quarter of 2021.

Telefonica Sells Stake in Colombia Fiber Network

Telefonica Sells Stake in Colombia Fiber Network

20 Jul 2021 comment

Telefonica struck a €200 million deal to sell a controlling stake in its fibre network in Colombia to investment company KKR, as part of the operator’s ongoing push to cut debt.

UK Tower Deal Stumbles

UK Tower Deal Stumbles

19 Jul 2021 comment

CK Hutchison and Cellnex Telecom were granted five days to address UK Competition and Markets Authority (CMA) concerns over a planned sale of tower assets to avoid a deeper probe into the deal.

Tele2 Has High Hopes for H2 After Q2 Profit Increase

Tele2 Has High Hopes for H2 After Q2 Profit Increase

19 Jul 2021 comment

Kjell Johnsen, CEO of Tele2 Group, noted there are improvements in business areas most hampered by COVID-19.

Intel to Acquire GlobalFoundries for $30 Billion

Intel to Acquire GlobalFoundries for $30 Billion

18 Jul 2021 comment

Intel entered talks to acquire semiconductor company GlobalFoundries.

Verizon and Ericsson Sign $8 Billion 5G Deal

Verizon and Ericsson Sign $8 Billion 5G Deal

17 Jul 2021 comment

Ericsson signed a multi-year contract with Verizon worth $8.3 billion.

CE China 2021 Cancelled

CE China 2021 Cancelled

17 Jul 2021 comment

CE China 2021, scheduled for 16-18 September in Guangzhou, will not take place.

EU Orders Probe on WhatsApp Data Usage

EU Orders Probe on WhatsApp Data Usage

16 Jul 2021 comment

EU’s data protection watchdog ordered an urgent probe into how Facebook uses data generated through its WhatsApp platform.

Revolut Valuation Jumps to $33 Billion after Softbank Funding

Revolut Valuation Jumps to $33 Billion after Softbank Funding

16 Jul 2021 comment

Digital banking app Revolut raised nearly $800 million in a new funding round led by Softbank's Vision Fund and Tiger Global Management.

Italian Court Annulled €230 Million Fines for Telecom Billing

Italian Court Annulled €230 Million Fines for Telecom Billing

14 Jul 2021 comment

Italian administrative court annulled fines totalling €228 million imposed by the competition watchdog on four major operators in 2020.