“The multi-technical services market is an up-and-coming one with strong growth potential, and will play a crucial role in the energy transition,” Chief Executive Officer Olivier Roussat stated with regards to the deal.

Generating over 12 billion euros in annual revenue, Equans specializes in installing air conditioning, electrical systems, and telecommunications equipment as well as overseeing their maintenance. As a result of the sale, Equans will become Bouygues’ largest business unit in terms of revenue.

While Bouygues has excelled at making large strides in the construction, telecommunications, and media space, it has struggled to leave its mark on the energy sector. As a result, Equans should help Bouygues to make significant inroads in this regard.

For Equans, the sale will largely boost the company’s potential to accelerate its transition to clean energy and renewable power generation, as well as establish car-charging networks.

The post Bouygues Purchases Engie’s Equans for $8.2 Billion appeared first on financialreader.com.

According to a consensus compiled by the company itself, market analysts forecasted a 5.15 billion pounds revenue for BT, with the company’s core earnings reaching a figure of 1.81 billion pounds.

According to Chief Executive Officer Philip Jansen, these results are in line with the company’s expectations and serve as proof that BT is overcoming the challenging economic conditions posed in markets that are covered by its Global Unit. “With trading conditions expected to see some improvement through the year, we have confirmed our outlook and remain confident that BT is on a path to growth,” Jansen explained.

Over the past operating period, Jansen revealed that the company had installed fiber broadband providing access to over five million premises. BT is aiming to provide fiber connections to 25 million homes by the end of 2026.

The post BT “Back On Track” After Q1 Earnings Increase appeared first on financialreader.com.

These figures are a vast year-on-year improvement for the telecommunications company, which lost 151,000 subscribers during the same quarter last year at the height of the coronavirus pandemic.

In an effort to recover from its coronavirus-triggered losses, AT&T has put a sizeable portion of capital towards upgrading its networks so as to accommodate the latest 5G technology. The demand for faster internet has spiked significantly due to consumers working and learning from home.

In addition to its 5G infrastructure, AT&T has also made inroads with its media unit, Warnermedia, which has landed 2.8 million new subscribers in the U.S. for its premium channel HBO as well as the HBO Max streaming platform. While the company initially expected between 67 million and 70 million subscribers for the HBO Max service this year, this estimate has been increased to between 70 million and 73 million.

The post AT&T Beats New Subscriber Forecasts Following 5G Demand Surge appeared first on financialreader.com.

According to the terms of the deal, Telecom Italia could cover up to 40% of the annual payments that DAZN is expected to make to Serie A. As a result, the antitrust regulator is concerned that the deal could hurt competition for the broadcast of live Serie A games.

Furthermore, the watchdog expressed concern over the potential harm that could come to the pay-TV market and other businesses that overlap with this sector as a result of the deal.

Prior to the probe, pay-TV operator SKY Italia, owned by Comcast, challenged the deal between DAZN and Telecom Italia on antitrust grounds. The television platform mentioned that a deal of this nature would only strengthen the position of Telecom Italia, which has already proven to be a dominant force in the market.

The post Italian Watchdog Launches Probe Into DAZN-Telecom Italia Deal appeared first on financialreader.com.

Back in October, the Finnish telecom company innovatively came up with an idea to streamline into four separate groups of business, believing that this would be the best way to tap into the 5G market. According to Chief Executive Pekka Lundmark, they would do “whatever it takes”.

After a few years that were less than satisfactory, Nokia investors will be happy to learn that their new strategy is actually paying off.

Not only did Nokia’s year-over-year net sales grow by 3%, but their comparable net profit hit the impressive number of €373 million ($452 million). This was primarily thanks to substantial sales in 5G equipment, as well as the network infrastructure that it’s a part of.

As a result of this major change in fortune, Nokia shares rose 14% in early trading. Investors were clearly happy with Nokia’s impressive performance, and others have been eager to jump on the bandwagon. It’ll be interesting to see if Nokia’s growth continues to rise in 2021, or if their Q1 success was just a fluke.

The post Nokia Stocks Soar After Shockingly Impressive Q1 appeared first on financialreader.com.

According to the report, €150 billion in funding is still required if the EU is to realize its goal of implementing 5G access across the European continent. Another setback is the delay in 5G spectrum auctions that resulted from governments shifting their focus to the fight against the coronavirus pandemic.

Taking such setbacks into consideration, BCG suggested several methods to assist in the execution of a successful 5G rollout. These include the pursuit of new ownership models such as infrastructure sharing, which would allow a quicker rollout of the technology and the efficient transfer of knowledge between partners not to mention limiting the infrastructure’s environmental impact.

The splitting of infrastructure construction among telecoms providers and the monetization of data traffic were also some of the suggestions provided in the study.

The post Europe In Need Of $355 Billion For 5G Rollout appeared first on financialreader.com.

Since launching three years ago, the PayPay app has attracted over 36 million unique users. Using SoftBank’s sales network and aggressive rebates, PayPay has influenced a massive consumer shift from traditional cash payments to digital money transfers.

In a joint interview with fellow co-CEO Takeshi Idezawa, Z Holdings co-CEO Kentaro Kawabe declared: “We want to double the user base during the investment phase.”

It was also announced that Line Pay, Z Holdings’ money transfer platform, would be merged with PayPay by the end of 2022. While Line Pay currently has 39 million users, it is less frequently used than PayPay and has also signed up fewer merchants.

Following the outbreak of QR code technology, Japan has experienced a surge of popularity for cashless payment options. Currently, QR code payment apps are leading the pack, particularly with features such as the waiver of transaction fees for merchants.

The post SoftBank to Double PayPay Users in Effort to Lead Battle Over Cashless Payments appeared first on financialreader.com.

With certain economies recovering fairly quickly from the ongoing coronavirus pandemic, certain sectors such as auto manufacturing are experiencing a chip shortage. This has resulted in a surge of demand on the part of chip manufacturers.

Given this increase, Tower is committed to ramping up the production of its analog chips at its production facilities in Israel, Japan, and Texas. These 200 to 300-millimeter chips are primarily used in cars, medical sensors, and power management.

“This equipment will begin to have incremental revenue impact during the second half of 2021,” Tower declared. The company is expecting to generate a revenue of 5% above or below $345 million; a year-over-year growth of 15%. Industry analysts are projecting a revenue of $330 million.

For the previous financial year, Tower raked in a revenue of $340.9 million. Given this information, CEO Russell Ellwanger declared, “We are confident that 2021 will be a record revenue year for the company.”

The post Israeli Chipmaker to Boost Capacity With Large-Scale Investment appeared first on financialreader.com.

As a property of Facebook, WhatsApp will now begin sharing users’ data with other platforms such as Facebook and Instagram as part of its updated privacy policy. With consumers increasingly alarmed over the unclear level of confidentiality of their data, downloads of the Signal app have reached an unprecedented high.

After being bombarded by an unforeseen surge of new users, Signal experienced technical glitches such as errors in certain chats. According to the company, such issues should be resolved in the next update of the app. Signal added that such technical difficulties have no effect on the security and confidentiality of customers’ chats.

Based in the Californian tech hub of Silicon Valley, Signal Foundation is a non-profit company that was founded in February 2018 by WhatsApp co-founder Brian Acton. After selling WhatsApp to Facebook, Acton injected a starting capital of $50 million into Signal.

The post Signal Restores Service In Effort to Challenge WhatsApp appeared first on financialreader.com.

This update has led to a vast amount of mistrust within several of WhatsApp’s leading marketplaces. One of those regions that have shown the most backlash is India, where users have been uninstalling the messaging app en mass.

As a solution, many past WhatsApp users in India have decided to migrate to more secure messaging apps such as Telegram and Signal; a trend that has enabled these apps to overtake WhatsApp in the download charts in India for the first time ever.

With over 400 million users in India, WhatsApp began its damage control swiftly, starting with an advertising campaign costing tens of millions of rupees this week alone. The company decided to post ads in at least 10 English and Hindi language newspapers, with announcements reading: “Respect for your privacy is coded into our DNA.”

WhatsApp representatives claim that the latest privacy policy update will not affect the privacy of messages with friends and family members and that the changes to its privacy policy only refers to users’ interactions with businesses.

The post WhatsApp In Hot Water As Indian Market Raises Privacy Concerns appeared first on financialreader.com.

“The multi-technical services market is an up-and-coming one with strong growth potential, and will play a crucial role in the energy transition,” Chief Executive Officer Olivier Roussat stated with regards to the deal.

Generating over 12 billion euros in annual revenue, Equans specializes in installing air conditioning, electrical systems, and telecommunications equipment as well as overseeing their maintenance. As a result of the sale, Equans will become Bouygues’ largest business unit in terms of revenue.

While Bouygues has excelled at making large strides in the construction, telecommunications, and media space, it has struggled to leave its mark on the energy sector. As a result, Equans should help Bouygues to make significant inroads in this regard.

For Equans, the sale will largely boost the company’s potential to accelerate its transition to clean energy and renewable power generation, as well as establish car-charging networks.

The post Bouygues Purchases Engie’s Equans for $8.2 Billion appeared first on financialreader.com.

According to a consensus compiled by the company itself, market analysts forecasted a 5.15 billion pounds revenue for BT, with the company’s core earnings reaching a figure of 1.81 billion pounds.

According to Chief Executive Officer Philip Jansen, these results are in line with the company’s expectations and serve as proof that BT is overcoming the challenging economic conditions posed in markets that are covered by its Global Unit. “With trading conditions expected to see some improvement through the year, we have confirmed our outlook and remain confident that BT is on a path to growth,” Jansen explained.

Over the past operating period, Jansen revealed that the company had installed fiber broadband providing access to over five million premises. BT is aiming to provide fiber connections to 25 million homes by the end of 2026.

The post BT “Back On Track” After Q1 Earnings Increase appeared first on financialreader.com.

These figures are a vast year-on-year improvement for the telecommunications company, which lost 151,000 subscribers during the same quarter last year at the height of the coronavirus pandemic.

In an effort to recover from its coronavirus-triggered losses, AT&T has put a sizeable portion of capital towards upgrading its networks so as to accommodate the latest 5G technology. The demand for faster internet has spiked significantly due to consumers working and learning from home.

In addition to its 5G infrastructure, AT&T has also made inroads with its media unit, Warnermedia, which has landed 2.8 million new subscribers in the U.S. for its premium channel HBO as well as the HBO Max streaming platform. While the company initially expected between 67 million and 70 million subscribers for the HBO Max service this year, this estimate has been increased to between 70 million and 73 million.

The post AT&T Beats New Subscriber Forecasts Following 5G Demand Surge appeared first on financialreader.com.

According to the terms of the deal, Telecom Italia could cover up to 40% of the annual payments that DAZN is expected to make to Serie A. As a result, the antitrust regulator is concerned that the deal could hurt competition for the broadcast of live Serie A games.

Furthermore, the watchdog expressed concern over the potential harm that could come to the pay-TV market and other businesses that overlap with this sector as a result of the deal.

Prior to the probe, pay-TV operator SKY Italia, owned by Comcast, challenged the deal between DAZN and Telecom Italia on antitrust grounds. The television platform mentioned that a deal of this nature would only strengthen the position of Telecom Italia, which has already proven to be a dominant force in the market.

The post Italian Watchdog Launches Probe Into DAZN-Telecom Italia Deal appeared first on financialreader.com.

Back in October, the Finnish telecom company innovatively came up with an idea to streamline into four separate groups of business, believing that this would be the best way to tap into the 5G market. According to Chief Executive Pekka Lundmark, they would do “whatever it takes”.

After a few years that were less than satisfactory, Nokia investors will be happy to learn that their new strategy is actually paying off.

Not only did Nokia’s year-over-year net sales grow by 3%, but their comparable net profit hit the impressive number of €373 million ($452 million). This was primarily thanks to substantial sales in 5G equipment, as well as the network infrastructure that it’s a part of.

As a result of this major change in fortune, Nokia shares rose 14% in early trading. Investors were clearly happy with Nokia’s impressive performance, and others have been eager to jump on the bandwagon. It’ll be interesting to see if Nokia’s growth continues to rise in 2021, or if their Q1 success was just a fluke.

The post Nokia Stocks Soar After Shockingly Impressive Q1 appeared first on financialreader.com.

According to the report, €150 billion in funding is still required if the EU is to realize its goal of implementing 5G access across the European continent. Another setback is the delay in 5G spectrum auctions that resulted from governments shifting their focus to the fight against the coronavirus pandemic.

Taking such setbacks into consideration, BCG suggested several methods to assist in the execution of a successful 5G rollout. These include the pursuit of new ownership models such as infrastructure sharing, which would allow a quicker rollout of the technology and the efficient transfer of knowledge between partners not to mention limiting the infrastructure’s environmental impact.

The splitting of infrastructure construction among telecoms providers and the monetization of data traffic were also some of the suggestions provided in the study.

The post Europe In Need Of $355 Billion For 5G Rollout appeared first on financialreader.com.

Since launching three years ago, the PayPay app has attracted over 36 million unique users. Using SoftBank’s sales network and aggressive rebates, PayPay has influenced a massive consumer shift from traditional cash payments to digital money transfers.

In a joint interview with fellow co-CEO Takeshi Idezawa, Z Holdings co-CEO Kentaro Kawabe declared: “We want to double the user base during the investment phase.”

It was also announced that Line Pay, Z Holdings’ money transfer platform, would be merged with PayPay by the end of 2022. While Line Pay currently has 39 million users, it is less frequently used than PayPay and has also signed up fewer merchants.

Following the outbreak of QR code technology, Japan has experienced a surge of popularity for cashless payment options. Currently, QR code payment apps are leading the pack, particularly with features such as the waiver of transaction fees for merchants.

The post SoftBank to Double PayPay Users in Effort to Lead Battle Over Cashless Payments appeared first on financialreader.com.

With certain economies recovering fairly quickly from the ongoing coronavirus pandemic, certain sectors such as auto manufacturing are experiencing a chip shortage. This has resulted in a surge of demand on the part of chip manufacturers.

Given this increase, Tower is committed to ramping up the production of its analog chips at its production facilities in Israel, Japan, and Texas. These 200 to 300-millimeter chips are primarily used in cars, medical sensors, and power management.

“This equipment will begin to have incremental revenue impact during the second half of 2021,” Tower declared. The company is expecting to generate a revenue of 5% above or below $345 million; a year-over-year growth of 15%. Industry analysts are projecting a revenue of $330 million.

For the previous financial year, Tower raked in a revenue of $340.9 million. Given this information, CEO Russell Ellwanger declared, “We are confident that 2021 will be a record revenue year for the company.”

The post Israeli Chipmaker to Boost Capacity With Large-Scale Investment appeared first on financialreader.com.

As a property of Facebook, WhatsApp will now begin sharing users’ data with other platforms such as Facebook and Instagram as part of its updated privacy policy. With consumers increasingly alarmed over the unclear level of confidentiality of their data, downloads of the Signal app have reached an unprecedented high.

After being bombarded by an unforeseen surge of new users, Signal experienced technical glitches such as errors in certain chats. According to the company, such issues should be resolved in the next update of the app. Signal added that such technical difficulties have no effect on the security and confidentiality of customers’ chats.

Based in the Californian tech hub of Silicon Valley, Signal Foundation is a non-profit company that was founded in February 2018 by WhatsApp co-founder Brian Acton. After selling WhatsApp to Facebook, Acton injected a starting capital of $50 million into Signal.

The post Signal Restores Service In Effort to Challenge WhatsApp appeared first on financialreader.com.

This update has led to a vast amount of mistrust within several of WhatsApp’s leading marketplaces. One of those regions that have shown the most backlash is India, where users have been uninstalling the messaging app en mass.

As a solution, many past WhatsApp users in India have decided to migrate to more secure messaging apps such as Telegram and Signal; a trend that has enabled these apps to overtake WhatsApp in the download charts in India for the first time ever.

With over 400 million users in India, WhatsApp began its damage control swiftly, starting with an advertising campaign costing tens of millions of rupees this week alone. The company decided to post ads in at least 10 English and Hindi language newspapers, with announcements reading: “Respect for your privacy is coded into our DNA.”

WhatsApp representatives claim that the latest privacy policy update will not affect the privacy of messages with friends and family members and that the changes to its privacy policy only refers to users’ interactions with businesses.

The post WhatsApp In Hot Water As Indian Market Raises Privacy Concerns appeared first on financialreader.com.