Tag: telecommunications

Consortium of China’s state-owned telecom and Davao-based firm named PHL provisional 3rd telco player

  (Eagle News) — A telecommunications consortium of Chinese state-owned China Telecommunications Corporation and of Udenna Corporation owned by a Davao-based businessman becomes the “provisional” third major player in the country’s telecommunications industry. This was according to a selection panel of the National Telecommunications Commission that screened bidders aspiring to become the third major telecommunications player in the country that would ultimately break the current duopoly in the industry. Mislatel Consortium involving businessman Dennis Uy […]

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Samsung Electronics flags 5.2% rise in Q2 profit

SEOUL, South Korea (AFP) — South Korean telecom giant Samsung Electronics on Friday flagged a 5.2 percent rise in second quarter operating profit from a year earlier, missing analyst estimates. Operating profit is expected to come to 14.8 trillion won ($13.2 billion) for the April-June period, higher than the 14.07 trillion won in the same period in 2017, but down from the record 15.64 trillion won of the previous quarter. The forecast came at the low end […]

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UK telecoms giant BT axes 13,000 jobs

LONDON, United Kingdom (AFP) — British telecoms and television broadcasting company BT announced Thursday that it will axe 13,000 jobs in administration and management. BT said in a statement alongside its annual results that it will shed the jobs over the next three years as it seeks to slice off an extra £1.5 billion ($2.0 billion, 1.7 billion euros) in costs. The latest revamp will mainly affect back office jobs, or support positions that tend […]

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Lacson pushes for removal of interconnection fees for calls, SMS

(Eagle News) — Senator Panfilo Lacson is pushing for the removal of interconnection fees that are charged to consumers for calls and text messages made across two different networks. For this, Lacson called for an amendment to Senate Bill 1636, or the Lifetime Cellphone Number Act. “We are here to protect the consumers. And the consumer, not being made aware he is calling through a different PTE (public telecommunications entity), is helpless in being charged with […]

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Waymo vs Uber trade secrets trial at starting line

by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — A billion-dollar trial pitting Alphabet-owned autonomous driving unit Waymo against Uber starts Monday, in what could be a blockbuster case between two technology giants over the alleged theft of trade secrets. The San Francisco courtroom battle will take place as Waymo and Uber race to perfect self-driving cars that people could summon for rides as desired in a turn away from car ownership. The […]

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Rep. Yap: NTC “failure to maintain competition in use of communication facilities” should be addressed prior to entry of third telco player

(Eagle News) – The National Telecommunications Commission’s “failure to maintain an effective competition among private entities in the use of communication and radio facilities” needs to be addressed prior to the entry of the third telco company. Tarlac  2nd District  Rep. Victor A. Yap said this was to ensure that the third player will not be “eaten by the existing telco giants.” “The entry of a new player will not only provide competition to the existing […]

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BlackBerry, Baidu announce autonomous vehicle partnership

MONTREAL, Canada (AFP) — Canadian telecommunications software company BlackBerry and China’s web giant Baidu on Wednesday announced a partnership for autonomous and connected vehicles. “The two companies will collaborate to accelerate the deployment of connected and autonomous vehicle technology for automotive OEMs and suppliers worldwide,” they said in a statement. BlackBerry’s operating system will be “the foundation for Baidu’s Apollo autonomous driving open platform,” the statement said. In September, Baidu announced a $1.5 billion investment […]

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DICT: Four other companies vying to be third telco player in PHL

(Eagle News) —  Four other companies are vying to become the third telecommunications player in the country, an official of the Department of Information and Communications Technology said. According to  DICT officer-in-charge Eliseo Rio Jr., the companies from  Japan, South Korea, US, and Australia’s Telstra Corp. Ltd. are interested in partnering with local firms for the possible venture. They are apart from  China Telecom, which was earlier reported to have been chosen as the third player. “Right now, […]

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Duterte offers third telecom slot to China

(Agence France Presse) — President Rodrigo Duterte has offered China Telecom a slot to be the country’s third telecom provider to break up the dominance of two local firms, his spokesman said on Tuesday. The offer was part of Duterte’s efforts to improve ties between China and the Philippines, taking into account political as well as economic considerations, Harry Roque told reporters. “It was brought up in bilateral negotiations between the Philippines and China. And […]

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Roque: President Duterte asked China to enter PHL telecommunications industry

(Eagle News) — President Rodrigo Duterte has offered China the opportunity to put up a telecommunications company that would rival PLDT and Globe. Presidential Spokesperson Harry Roque said the President made the offer during a bilateral meeting with Premier Li Keqiang. According to Roque, there had long been plans of breaking up the PLDT-Globe duopoly. Then-Informations and Communications Technology Rodolfo Salalima, however, he said did not act on this soonest. Salalima, a former Globe official, […]

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Samsung Electronics posts record Q3 profits of $10 bn

by Jung Ha-Won Agence France-Presse SEOUL, South Korea (AFP) — South Korean tech giant Samsung Electronics logged a record profit of 11.2 trillion won — $10.0 billion — in the July to September period, it said Tuesday, its best for any quarter. The world’s biggest memory chip and smartphone maker has had its de facto leader jailed for bribery and faced a recall of its flagship Galaxy Note 7 device. But its net profits soared […]

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Samsung Electronics expects record $12.8bn Q3 operating profit

Samsung Electronics said Friday it expected profits to hit an all-time high in the third quarter, as booming semiconductor sales boost the South Korean IT giant. The company estimated operating profits of 14.5 trillion won ($12.8 billion) in the July-September period, a record for quarterly profit and nearly three times the 5.2 trillion won earned a year earlier. Sales are expected to have surged 29.65 percent on-year to 62 trillion won. Samsung did not announce […]

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