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  • JOHANNESBURG, March 7- Africa's biggest mobile phone operator MTN Group said on Tuesday that Mteto Nyati, the chief executive of its South African unit, will be resigning on March and will be replaced by Godfrey Motsa on the same day. Motsa is currently a vice president at MTN Group, and has more than 10 years of experience in the mobile telecoms industry.

  • *MTN's 2016 earnings hit by $1.1 bln Nigeria fine. JOHANNESBURG, March 2- Africa's biggest mobile phone operator MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory fine in Nigeria and unfavourable currency moves but its shares soared after it kept a dividend. The fine by Nigeria, MTN's most lucrative but increasingly...

  • *Digital commissioner meets mobile industry heads. BARCELONA, Spain, Feb 28- The European Commission is opening up to some policy changes that telecoms companies want but is still but resisting mobile operators' efforts to merge with competitors inside national markets, executives said on Tuesday. The meeting participant quoted Ansip as saying he was open to...

  • BARCELONA, Feb 27- The brave new world of remote-controlled cars is now technically possible using wireless technologies which are set to be commonplace early in the next decade, two major telecoms companies said at a test drive staged on Monday during an industry conference in Barcelona. The driver of the vehicle took the wheel from the floor of the Fira...

  • BUENOS AIRES, Feb 21- Mobile phone company Nextel has been authorized to provide 4 G service in Argentina, becoming the fourth provider in the market, communications regulator Enacom said on Tuesday. In January 2016 Cablevision, a subsidiary of media firm Grupo Clarin, bought Nextel Communications Argentina, the No. 4 mobile phone operator in the country with 3...

  • Feb 21- Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company. Time Warner is the parent of cable channels HBO and CNN, as well as film studio Warner Bros. The combined Yahoo and AOL businesses will help...

  • Feb 21- Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company. Verizon's shares rose 0.6 percent to $49.50 in early trading, while Yahoo's shares were up 0.3 percent at $45.25. Yahoo, however, will continue to be...

  • Feb 21- Verizon Communications Inc, the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, about $350 million less than the original price. The deal will combine Yahoo's search, email and messenger assets as well as advertising technology tools with Verizon's AOL unit. Yahoo will continue to be...

  • Feb 21- Verizon Communications Inc, the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, reflecting a $350 million cut to the original price. The deal, which is expected to close in the second quarter, will combine Yahoo's search, email and messenger assets as well as advertising technology tools...

  • NEW YORK, Feb 17- Japan's SoftBank Corp Group may have renewed interest in combining its Sprint Corp with Deutsche Telekom AG's T-Mobile US Inc, but a deal between the No. 3 and No. 4 U.S. wireless carriers may not make it past U.S. regulators, antitrust experts and industry watchers said. The companies are expected to begin negotiations in April after the Federal...

  • NAIROBI, Feb 17- Kenya's biggest telecoms operator, Safaricom, voiced "strong reservations" on Friday over the regulator's plan to monitor mobile phones on networks to detect counterfeits. The Communications Authority of Kenya wants to install equipment in the networks of the country's three mobile operators, to improve its monitoring of counterfeit...

  • NEW YORK, Feb 16- AT&T Inc said on Thursday it would make its unlimited data plan available to all wireless customers who pay a monthly bill, days after rival Verizon Communications Inc announced an unlimited option. Previously, AT&T's plan, which includes unlimited data, talk and text for $100 a month for a single line, only applied to its DirecTV and U-Verse...

  • WELLINGTON, Feb 16- Telecommunications company Spark New Zealand Ltd reported a 12.6 percent rise in half-year net profit on Thursday, weathering increased competition in the mobile market. "It is clear the intense ongoing price competition, particularly at the lower end of the market, is driving margin pressure and reinforcing the need for us to increase our...

  • WELLINGTON, Feb 16- Telecommunications company Spark New Zealand Ltd reported a 12.6 percent rise in half-year net profit on Thursday, weathering increased competition in the mobile market. "It is clear the intense ongoing price competition, particularly at the lower end of the market, is driving margin pressure and reinforcing the need for us to increase our...

  • On a conference call with analysts and investors, Chief Executive Officer John Legere dismissed such concerns. Net income rose to $390 million, or 45 cents per share, for the quarter from $297 million, or 34 cents per share, a year earlier. Analysts, on average, were expecting a profit of 30 cents per share and revenue of $9.84 billion, according to Thomson Reuters...

  • Net income rose to $390 million, or 45 cents per share, for the quarter from $297 million, or 34 cents per share, a year earlier. Total revenue rose 23.4 percent to $10.18 billion. Analysts, on average, were expecting a profit of 30 cents per share and revenue of $9.84 billion, according to Thomson Reuters I/B/E/S.

  • Net income rose to $390 million, or 45 cents per share, for the quarter from $297 million, or 34 cents per share, a year earlier. Analysts, on average, were expecting a profit of 30 cents per share and revenue of $9.84 billion, according to Thomson Reuters I/B/E/S. The guidance may be viewed as disappointing but the company often tends to give conservative forecasts at...

  • Chatter around a deal between T-Mobile and Sprint Corp resurfaced in December after Masayoshi Son, whose SoftBank Group Corp is a majority shareholder in Sprint, pledged a $50 billion investment in the United States. The company's net income rose to $390 million, or 45 cents per share, for the quarter from $297 million, or 34 cents per share, a year earlier.

  • Feb 14- T-Mobile US Inc, the No. 3 U.S. wireless carrier, reported a 23.4 percent rise in quarterly revenue as it continued to win customers from bigger rivals AT&T Inc and Verizon Communications Inc.. The company's net income rose to $390 million, or 45 cents per share, for the fourth quarter ended Dec. 31 from $297 million, or 34 cents per share, a year earlier.

  • NEW YORK, Feb 13- Verizon Communications Inc's announcement that it will once again offer an unlimited pricing plan marks a shift in its thinking as a price war among the four biggest U.S. wireless carriers accelerates. The biggest wireless carrier in the United States said on Sunday that it will offer an unlimited data plan for the first time in more than five...

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