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Cisco published its third quarter financial results on Wednesday, beating market expectations despite revenue declines overall. The networking giant posted non-GAAP earnings of 79 cents per share on revenue of $12 billion, a decline of 8% year over year. Featured stories Analysts were expecting earnings of 71 cents per share on revenue of $11.88 billion. […] More
South Korean telco KT saw an operating profit of 383 billion won and revenues of 5.83 trillion won in the first quarter of 2020, the company said on Wednesday. Profits decreased 4.7% from a year prior, while revenue stayed level. KT said it saw sales from roaming and smartphones decline due to the COVID-19 pandemic, but […] More
The federal government announced on Tuesday it would be spending AU$37.1 million to improve the resiliency of the nation’s telco infrastructure in the wake of the Black Summer bushfires. The announcement was broken down into four parts, with the largest portion allocated towards upgrading battery backup power at mobile base stations under the Mobile Network […] More
In SoftBank’s FY19 earnings forecast briefing, the company revealed that all of its business segments experienced revenue growth for the fiscal year ended 31 March 2020, paving the way for the company to earn ¥4.86 trillion in revenue — an increase of 4% year on year. Tax-wise, the company paid ¥304.5 billion in taxes for […] More
The value of the Foxtel business had a combined AU$1.2 billion wiped from it on Friday morning, following the release of News Corp’s third-quarter earnings. News wiped AU$931 million off its balance sheet as an impairment charge related to “the goodwill and indefinite-lived intangible assets at Foxtel”. Following’s News’ announcement, Telstra followed suit with a […] More
The UK telecoms landscape is getting a refresh: Virgin Media and O2 have announced a joint venture that will create one of the UK’s largest fixed and mobile network services companies. Liberty Global and Telefonica, the respective parent companies of Virgin Media and O2, expect the move to generate £11 billion ($13.60 billion) annual revenue, […] More
StarHub’s businesses, with the exception of its enterprise business arm, have provided weaker results for the first quarter compared to the same period a year ago, resulting in total profit dropping by 14.6% year-on-year to SG$42 million. The Singaporean telco said it expected this decline in revenue and profitability would continue in 2020 due to […] More
Millions of Brazilians are still lacking access to the Internet, according to government figures. Some 45,9 million citizens are digitally excluded and factors include lack of interest, cited by 34,7% of those who remain unconnected. Not having the technical knowledge required to go online was cited by 24.3%. The high price of Internet services was […] More
