Millicom Stops Telefonica Costa Rica Acquisition
Millicom backed out of a US$570 million deal to acquire Telefonica’s mobile business in Costa Rica, explaining it had failed...
CORPORATE FORTUNES
Reliance Raises Additional US$750M For Technology Arm
Reliance Industries secured additional funding for its tech subsidiary less than two weeks after Facebook acquired a 10 per cent...
Ericsson Looks To Cash In On Iconectiv With US$2B Deal
Ericsson reportedly initiated a process to sell US call routing subsidiary iconectiv for between US$1.5 billion and US$2 billion, in...
Costs, Covid-19 Contribute To Twitter Loss In Q1
Twitter slipped into the red during Q1, as higher costs offset user growth which contributed to an overall increase in...
Reliance Jio Profit Nearly Triples As Subcribers Soar
Reliance Jio, the largest mobile operator in India, added 81 million mobile users in the year to end-March and nearly...
Apple Profit Falls On Hardware Hit
Services proved a bright spot for Apple in the company’s fiscal Q2 2020 (covering 29 December 2019 to 28 March),...
S&P Publishes Annual Assessment Of African Trade Insurance Agency
By Emmanuel Oluebube S & P just published its annual assessment in which the African Trade Insurance Agency(ATI) is projected...
Orange Group Releases Financial Results For March 31, 2020
By Emmanuel Oluebube Orange Group revenues were up 1.0 per cent year on year in the 1st quarter, driven by...
Digi Profit Slips Despite Device Sales Surge
Malaysia operator Digi booked robust device sales in the first quarter of 2020, bucking a global downward trend and offsetting...
India Smartphone Market Braces For Fall After Strong Q1
India’s smartphone market posted double-digit growth in the first quarter of 2020, but Canalys expects shipments to plunge in Q2...
