EE sees revenue growth in Q2 – just

EE trumpeted a “return to growth in operating revenue” during the second quarter of 2015, up a slim 0.1 per cent to £1.51 billion. Growth was up 2.2 per cent year-on-year when excluding regulatory impacts. Olaf Swantee, the company’s CEO, said: …

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EC clears Nokia/Alcatel-Lucent deal

The European Commission gave the green-light to Nokia’s proposed multi-billion dollar acquisition of Alcatel-Lucent, stating that the deal “would not raise competition concerns”. This is because “the parties are not close competitors and since a number of strong global competitors …

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Vodafone sees signs of European recovery in Q1

Vodafone Group talked up the positives in its quarterly update, although it is still clearly facing challenges in its core European markets – and the company offered no further updates on its asset exchange discussions with Liberty Global. Group service revenue decreased 2.9 …

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Qualcomm confirms restructure plan as Q3 profit drops

Qualcomm confirmed the implementation of a “Strategic Realignment Plan”, which Steve Mollenkopf, its CEO, said represent “fundamental changes” for the company. This includes “aggressively right-sizing” the company, with the removal of $1.4 billion in spending, including a $300 million reduction …

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Dish told ‘No’ to $3.3B in spectrum discounts

The Federal Communications Commission (FCC) told Dish that its two affiliates are ineligible for $3.3 billion in small-business discounts they claimed after a mega auction of spectrum in the US earlier this year. The US broadcaster met FCC staff to …

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Apple sees strong iPhone sales; deems Watch launch a “great start”

Tim Cook, CEO of Apple, said the company had seen an “amazing quarter”, with strong sales growth for its iPhone line – but all eyes were on the “great start” for Apple Watch. Unsurprisingly, the company did not give much …

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Airtel not planning African exit – report

Bharti Airtel insists it has no plans to exit Africa, despite holding exclusive talks with Orange over the sale of four of its units in the continent. Orange announced late on Monday it was in discussions to acquire subsidiaries in …

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4G drives 43% profit growth for ZTE

ZTE said that 4G growth gave a strong boost to both profit and revenue in the first half of 2015. According to preliminary results released today, the company is expecting first half profit attributable to shareholders of CNY1.61 billion ($259.69 million), …

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Qualcomm may break up, prepares to lay off thousands of employees — reports

Qualcomm is set to conduct a strategic review which could see the chipmaker broken up, and is separately considering wide-ranging redundancies, as it releases its quarterly results tomorrow (22 July). According to a Wall Street Journal (WSJ) report, the review …

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