Netflix is to spend over $1 billion on marketing this year as it looks to boost subscriber numbers.
Romania-based operator DIGI Communications is launching an IPO on the Bucharest stock exchange as its owners seek to capitalise on growing revenues and EBITDA.
Telenor is selling another tranche of its shareholding in VEON, formally VimpelCom, as it looks to exit the operator that has caused it much angst.
Ericsson and Cisco have won a contract to supply and install IP routers for Brazil’s Nextel as their fledging partnership continues to make headway.
Telia has written off the value of its holding in Tcell after its agreement to dispose of the Tajik operator fell through.
Huawei recorded flat profits and slowing growth at its consumer arm in 2016, as the China-based vendor unveiled its latest rotating CEO.
Telekom Austria has made its first investment in a company fostered by its start-up program.
Ericsson is exploring strategic options for its media and IT cloud infrastructure hardware businesses as part of a new strategy unveiled by CEO Börje Ekholm.
The launch of Wind Tre in Italy pushed up Three Europe’s revenues and earnings last year, while the company’s UK arm said legal action was a possibility if the next spectrum auction didn’t go its way.
Vittorio Colao has described the $23.1 billion merger of Vodafone India and Ideal Cellular as a “pretty momentous” deal.
Finland’s Elisa has acquired part of IT network and data centre company Santa Monica Networks as it looks to strengthen its offering to enterprise customers.
Bouygues Telecom and Orange have denied another media report that they are engaged in merger talks.
ZTE is set to pay a record fine to the US government over claims it exported telecoms equipment to Iran and North Korea.
Iliad said growth in the volume of mobile traffic on its own network pushed up profits in 2016, as its latest financials delivered more impressive figures.
Deutsche Telekom has posted surging annual revenues driven by “unabated growth” in the US, but its shareholding in BT saw profits slide.
Ericsson’s new CEO is “drinking through a firehose”, while Cisco’s CEO admitted employees are working “round the clock” to make the two vendors’ nascent partnership a success, discussions at Mobile World Congress have revealed.
Telia has called for an urgent meeting with the Prime Minister of Tajikstan claiming a delayed sale, unpaid debt and illegal tax claims has put a “severe financial strain” on its Tajik subsidiary Tcell.
VimpelCom said it is fighting back against “Silicon Valley upstarts” by reinventing itself as global tech company VEON providing a “revolutionary internet mobile platform” to hundreds of millions of customers.
Proximus’ international wholesale arm pushed overall revenues down last year, but the Belgium-based operator delivered on profit growth.
Telenor has agreed to sell its Indian operating company to Bharti Airtel for an undisclosed fee.
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