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☆ It might be time to rethink the smartphone — for real this time
▼ + stars: | 2024-03-14 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

Why do phones need apps? At this year's Mobile World Congress, the future of the smartphone and how we connect were firmly under the microscope. Deutsche Telekom and Brain.ai demoed one such instance at MWC: a smartphone with no apps. It's just an idea for now, but it's prompting an interesting question: Why assume the smartphone of the future has apps at all? But the smartphone industry is slumping, and there's a "need to invigorate the upgrade cycle," Milanesi told BI.

Persons: —, Sam Altman, There's, Altman, Jony, Meta's Mark Zuckerberg, Carolina Milanesi, Milanesi, Tom Butler, I'm, Butler, Lenovo's Butler, it's Organizations: Service, Congress, MWC, Las, CES, Deutsche Telekom, Brain.ai, Qualcomm, Bloomberg Locations: Carolina, PAU, AFP

☆ Telcos are barely done rolling out 5G networks — and they're already talking about '5.5G'
▼ + stars: | 2024-03-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

And yet bosses of major carriers are already talking about building something called "5.5G," or "5G Advanced." Carriers in China, South Korea, the United States, and Europe, properly got underway with launches of 5G networks in 2019. 5G Advanced, or the name for the next stage of 5G, is the next evolution of mobile networks. 5G advanced — 5G standalone, that's absolutely fine. Telcos haven't yet revealed how much more a 5G Advanced data plan will cost compared with 5G.

Persons: Angel Garcia, it's, GSMAi, Milind Kulkarni, Howard Watson, 5.5G, Watson, execs, Mats Granryd, Granryd, Karen Tso, Telcos, Philip Song Organizations: Bloomberg, Getty, Spain — Telecom, Mobile, Congress, MWC, Deutsche Telekom, Telefonica, BT, Vodafone, Facebook, YouTube, Netflix, Apple, Apple Vision, Meta Quest, Telecommunications, 3GPP, CNBC, telco, Huawei, 5G, 5.5G Locations: BARCELONA, Spain, Barcelona, Orange, China, South Korea, United States, Europe, East, Asia Pacific, America

☆ As AI takes hold of your smartphone, the end of the app era could be in sight
▼ + stars: | 2024-02-28 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

Smartphone makers flooded Mobile World Congress to show off new AI features. More AI tools are moving on to devices, which would make them faster and cheaper to run. Now, as the industry looks to capitalize on the AI boom and galvanize a stagnating mobile market, phone makers want the AI tools to run locally on the phone itself. The company attended MWC to tout how it's helping phone makers such as Samsung and Honor run more AI tools on their phones. Samsung was also there, previewing some of the AI tools it's begun to roll out on its phones, including a nifty live-translation feature.

Persons: —, chipmakers, it's, Morgan Stanley, Francisco Cheng, Hugh Langley, Cheng, Siri, Francisco Jeronimo, Jeronimo Organizations: Congress, Service, Mobile, Companies, Qualcomm, Samsung, Hugh Langley Qualcomm, MWC, Google, Motorola, IDC, Insider, Deutsche Telekom, Brain.ai Locations: Barcelona

☆ Deutsche Telekom CEO: Europe has lost its momentum in the digital world
▼ + stars: | 2024-02-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Telekom CEO: Europe has lost its momentum in the digital worldTim Hoettges, CEO of Deutsche Telekom, speaks to CNBC's Karen Tso from the Mobile World Congress in Barcelona.

Persons: Tim Hoettges, Karen Tso Organizations: Deutsche Telekom CEO, Deutsche Telekom, Mobile Locations: Europe, Barcelona

☆ EU clears up to 1.2 bln euros of aid for cloud computing
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBRUSSELS, Dec 5 (Reuters) - The European Commission approved on Tuesday up to 1.2 billion euros ($1.30 billion) of state aid for a European cloud computing project to try to boost the involvement of EU business in a field dominated by U.S. companies. Those countries will provide up to 1.2 billion euros in public funding, which in turn is expected to unlock 1.4 billion euros in private investments, the European Commission said. The European cloud technology project features 19 companies, including French companies Atos (ATOS.PA) and Orange (ORAN.PA), Deutsche Telekom (DTEGn.DE) and Germany's SAP (SAPG.DE), Telecom Italia (TLIT.MI) and Telefonica Espana (TEF.MC). The three biggest players in cloud computing are Amazon (AMZN.O), Microsoft (MSFT.O) and Google (GOOGL.O).

Persons: Yves Herman, Didier Reynders, Sudip Kar, Gupta, Piotr Lipinski, Philip Blenkinsop, Barbara Lewis Organizations: European Commission, REUTERS, Rights, U.S, Infrastructure, Services, IPCEI CIS, Union, Deutsche Telekom, SAP, Telecom Italia, Telefonica Espana, Microsoft, Google, Thomson Locations: Brussels, Belgium, France, Germany, Hungary, Italy, Netherlands, Poland, Spain

A number of companies have recently demanded that antitrust enforcers pay default interest on fines in annulled antitrust cases. Deutsche Telekom challenged the fine at the Luxembourg-based General Court, Europe's second highest, which cut it to 19 million euros in 2018, forcing the EU competition enforcer to repay the difference. Deutsche Telekom returned to the court after the EU competition enforcer refused to pay interest for the period between the payment and the reimbursement and got judges to back its fight. The Commission then appealed to the Luxembourg-based EU Court of Justice (CJEU). The case is C‑221/22 P European Commission v Deutsche Telekom AG.

Persons: Fabian Bimmer, Deutsche, Anthony Michael Collins, refunding, Foo Yun Chee, Kirsten Donovan Organizations: Deutsche Telekom, ITS, REUTERS, Companies Deutsche Telekom AG, Intel, Deutsche, European Commission, EU, Court of Justice, Deutsche Telekom AG, Thomson Locations: Hamburg, Germany, Slovakia, Luxembourg

☆ Not clear Big Tech need pay for 5G, broadband rollout, Belgian regulator says
▼ + stars: | 2023-11-13 | by ( Marine Strauss | ) www.reuters.com time to read: +2 min

An advertising board shows a 5G logo at the International Airport in Zaventem, Belgium May 4, 2020. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBrussels, Nov 13 - There is no clear need to make technological giants help to pay for 5G and broadband rollout, Belgium's telecoms regulator IBPT-BIPT said on Monday. Telecom operators, including Deutsche Telekom (DTEGn.DE), have called for what they describe as "fair share funding," which the Big Tech companies have said would amount to an internet tax. "IBPT-BIPT considers that the need to oblige internet platforms to pay network operators is not sufficiently demonstrated," Belgian industry regulator IBPT-BIPT said in a report on Monday. "IBPT-BIPT considers that the need to introduce a fee based on the volume of Internet traffic for the Belgian market has not been demonstrated," it added.

Persons: Yves Herman, BIPT, Thierry Breton, Marine Strauss, Barbara Lewis Organizations: International, REUTERS, Rights, 5G, Microsoft, European Commission, Telecom, Deutsche Telekom, Big Tech, Belgian, EU, Thomson Locations: Zaventem, Belgium, Rights Brussels, Belgian

☆ Morning Bid: Range-bound markets awaits Powell - again
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +3 min

Federal Reserve Board Chair Jerome Powell answers a question during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 1, 2023. At a separate event on Wednesday, European Central Bank chief economist Philip Lane said his bank needs to see further progress in dampening inflationary pressure, and companies along with governments need to chip in to prevent more policy tightening. "A decrease in the policy rate is not something that is likely to happen in the short term," he said. The approval paves the way for a powerful rival to blockbuster drug Wegovy in addressing record obesity rates. Ping An subsequently said in a statement to Reuters it had "not been asked by (the) Government to take over Country Garden".

Persons: Jerome Powell, Kevin Lamarque, Ankur Banerjee, Powell, Philip Lane, Patrick Harker, Huw Pill, Eli Lilly's, Ping, Merck KGaA, BOE, Christopher Cushing Organizations: Federal, Committee, REUTERS, Ankur, U.S, European Central Bank, . Federal Reserve Bank of Philadelphia, Bank of England, Investors, Novo Nordisk, Reuters, Ping An Insurance, Government, HK, AstraZeneca, Merck, Deutsche Telekom Speakers, Thomson Locations: Washington , U.S, Asia, Guangdong, Ping, Singapore

☆ Apple co-founder hospitalized in Mexico due to possible stroke, local media reports
▼ + stars: | 2023-11-08 | by ( ) www.cnbc.com time to read: 1 min

Steve Wozniak, co-founder of the technology company Apple, speaks on stage at Deutsche Telekom's Digital X conference. Apple co-founder Steve Wozniak was hospitalized in Mexico City on Wednesday due to a possible stroke, Mexican media outlets reported. The 73-year-old scientist and tech entrepreneur was scheduled to participate in a World Business Forum event in the Mexican capital's Santa Fe neighborhood. Wozniak had been set to speak at the conference at 4:20 p.m. local time. Reuters could not immediately confirm the reports that Wozniak had been hospitalized.

Persons: Steve Wozniak, Wozniak Organizations: Apple, Deutsche Telekom's Digital, Reuters Locations: Mexico City, Mexican, Santa Fe

Telefonica and Liberty Global have been working with advisers on the sale of up to half of their combined 50% stake in Cornerstone. Vodafone (VOD.L) owns the rest of the business through its Frankfurt-based subsidiary Vantage Towers (VTWRn.H). Spokespeople for Telefonica, Liberty Global, Virgin Media O2 and GLIL declined to comment. Cornerstone, established in 2012, is Britain's largest tower company, managing more than 20,000 sites, according to the company's website. In recent years infrastructure and private equity investors have competed for slices in some of the largest tower deals, including Deutsche Telekom's sale of a majority stake in GD Towers, because of their stable cash yield and long-term contracts.

Persons: Phil Noble, Amy, Jo Crowley, Andres Gonzalez, Paul Sandle, Helen Popper Our Organizations: REUTERS, Virgin Media O2, Liberty Global, Telefonica, Cornerstone, Vodafone, Deutsche, GD, Thomson Locations: Blackpool, Britain, Frankfurt

☆ Italy backs calls for tech firms to help fund EU telecoms networks
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

ROME, Oct 24 (Reuters) - Italy broadly supports proposals at European Union level to ensure that Big Tech firms partly finance telecoms infrastructure in the bloc, Industry Minister Adolfo Urso said in a statement on Tuesday. "All market players benefiting from the digital transformation must contribute fairly and proportionately to infrastructure costs," Urso said, intervening at an EU telecoms minister meeting in Leon, Spain. However, before introducing any legislation, the EU must carefully assess whether and to what extent network infrastructure is effectively overloaded by content and services generated by Big Tech firms, Urso added. Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Telecom Italia (TIM) (TLIT.MI) term it fair-share funding, while Big Tech says it amounts to an internet tax. "Italy believes the EU Commission should carry out further assessment and more time is needed to evaluate the extent of the impact of traffic generated on the network infrastructure" Urso said.

Persons: Adolfo Urso, Urso, Thierry Breton, Giuseppe Fonte, Elvira Pollina, Keith Weir Organizations: European Union, Big Tech, Industry, Google, Facebook, Netflix, Microsoft, Deutsche Telekom, Telefonica, Telecom Italia, France Telecom, Reuters, Thomson Locations: Italy, Leon, Spain, Orange

☆ Ericsson $3 bln hit ticks most boxes for M&A folly
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake Acquire Licensing RightsLONDON, Oct 12 (Reuters Breakingviews) - Börje Ekholm’s overpriced M&A has come home to roost. The $15 billion Swedish telco equipment maker’s chief executive said on Wednesday he was writing down 50% of the value of software company Vonage. While the 32 billion Swedish crowns ($3 billion) hit is a non-cash impairment, Vonage remains a major goof. Ericsson bought it for $6.2 billion as recently as November 2021, in cash, and the deal only closed three months ago. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Blake, Breakingviews, Ekholm, Karen Kwok, George Hay, Streisand Neto Organizations: T's, REUTERS, Reuters, Ericsson, Deutsche Telekom, Reuters Graphics Reuters, X, Qantas, Thomson Locations: San Diego , California, U.S, Brussels

Europe's telecoms operators say Alphabet's Google (GOOGL.O), Meta's (META.O) Facebook, Netflix (NFLX.O), Microsoft (MSFT.O) and Amazon (AMZN.O) should bear some of the costs because they make up a huge part of internet traffic. Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Telecom Italia (TLIT.MI) call it fair-share funding while Big Tech says it amounts to an internet tax. The French commissioner, a former chief executive at France Telecom and supporter of the operators' push, faced blowback from some of his fellow commissioners and some EU countries. Breton will likely voice concerns about the recent acquisitions of telecoms stakes by sovereign investment funds and private equity firms to EU telecoms ministers at an Oct. 23-24 meeting in Leon, Spain, another person said. ($1 = 0.9418 euros)Reporting by Foo Yun Chee; Editing by Tomasz Janowski and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Thierry Breton, Breton, Foo Yun Chee, Tomasz Janowski, Mark Porter Organizations: Big Tech, European Commission, Google, Facebook, Netflix, Microsoft, Deutsche Telekom, Telefonica, Telecom Italia, France Telecom, EU, Thomson Locations: BRUSSELS, Europe, Orange, Leon, Spain

OneWeb, the British satellite giant, completed its combination with French rival Eutelsat Thursday, setting the stage for a European challenger to Elon Musk's space internet venture Starlink. It comes as competition is heating up between different players in the multibillion-dollar space industry. Likewise, OneWeb also targets enterprise customers, but offers a different service capability thanks to its LEO network – similar to SpaceX's Starlink satellite internet. Eutelsat will remain headquartered in Paris, and OneWeb will continue operating in London with its name changed to Eutelsat OneWeb. Commercial deals are gaining traction in the space industry, with Musk's Starlink service working alongside businesses including Spain's Telefonica and French firms Marlink and Speedcast.

Persons: Elon, Morgan Stanley, OneWeb, Starlink, Eutelsat, Eva Berneke, Neil Masterson, Masterson, Musk's Organizations: Telecom Italia, Deutsche Telekom, Euronext Paris Stock, London Stock Exchange, Eutelsat, CNBC, Spain's Telefonica, SpaceX, SES Locations: British, Orange, Paris, London

☆ Deutsche Telekom: mooted timeline on German Huawei curbs unrealistic
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

The logo of Deutsche Telekom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTERS/Nacho Doce/File photo Acquire Licensing RightsFRANKFURT, Sept 20 (Reuters) - Deutsche Telekom (DTEGn.DE) on Wednesday said the mooted timeline on Germany imposing curbs on the use of China's Huawei (HWT.UL) in its network by 2026 were not realistic, highlighting Britain's drawn-out attempts to do so. In a statement to Reuters, Deutsche Telekom questioned the need to take action that could result in a significant drop in quality of service to customers. Earlier a government official said Germany's interior ministry plans to force telecoms operators to slash the use of equipment from Huawei and ZTE in their 5G networks after a review highlighted an over-reliance on these Chinese suppliers. Reporting by Hakan Ersen; writing by Matthias Williams; editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Nacho, Hakan Ersen, Matthias Williams, Rachel More Organizations: Deutsche Telekom, Congress, REUTERS, Rights, Huawei, ZTE, Thomson Locations: Barcelona, Spain, Germany

☆ Ericsson partners with Deutsche Telekom for network APIs
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: 1 min

[1/2] A logo of Ericsson is seen outside the company's office in Kanata, Ontario, Canada April 17, 2023. REUTERS/Lars Hagberg/File photo Acquire Licensing RightsSTOCKHOLM, Sept 20 (Reuters) - Sweden's Ericsson (ERICb.ST) said on Wednesday it has partnered with Deutsche Telekom (DTEGn.DE) to offer software tools for developers and business customers that will allow telecom operators to get more revenue. Known as network application programming interface (API), the software will use the Vonage platform -- a company Ericsson bought for $6.2 billion in 2022 -- to help developers create new use cases based on a mobile network. Reporting by Supantha Mukherjee in Stockholm, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Hagberg, Sweden's, Supantha Mukherjee, Terje Solsvik Organizations: Ericsson, REUTERS, Rights, Sweden's Ericsson, Deutsche Telekom, Thomson Locations: Kanata , Ontario, Canada, Rights STOCKHOLM, Stockholm

BERLIN, Sept 19 (Reuters) - Germany's interior ministry is planning to force telecoms operators to slash the use of equipment from Huawei (HWT.UL) and ZTE in their 5G networks after a review highlighted an over-reliance on these Chinese suppliers, a government official said. Huawei currently accounts for 59% of Germany's 5G RAN networks, according to a survey by telecommunications consultancy Strand Consult. The interior ministry wants to present its approach to cabinet from next week but could face resistance from the ministry for digital affairs due to concerns it might affect Germany's already slow progress with digitalization. Germany is considered a laggard in implementing the European Union's toolbox of security measures for 5G networks. The interior ministry did not immediately reply to a request for comment.

Persons: Nancy, Faeser, Reinhard Brandl, Andreas Rinke, Sarah Marsh, Sabine Wollrab, Mark Potter Organizations: Huawei, Deutsche Telekom, Vodafone, Germany's, Strand, ZTE, Thomson Locations: Berlin, Germany, China

☆ SAP buys software management company LeanIX
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: 1 min

A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 7 (Reuters) - German business software maker SAP (SAPG.DE) on Thursday said it has bought software management company LeanIX from investors to boost its business transformation portfolio. LeanIX investors include Insight Partners, Deutsche Telekom Capital Partners, Capnamic Ventures, Iris Capital, Goldman Sachs and Dawn CapitalThe transaction is expected to close in the fourth quarter. Terms of the deal were not disclosed. Reporting by Supantha Mukherjee in Stockholm, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Iris Capital, Goldman Sachs, Supantha Mukherjee, Terje Solsvik Organizations: Viva Technology, Porte de, REUTERS, Rights, SAP, Insight Partners, Deutsche Telekom Capital Partners, Capnamic Ventures, Iris, Dawn, Thomson Locations: Porte, Paris, France, Rights STOCKHOLM, Stockholm

SoftBank plans to sell about 10% of Arm's shares in the IPO at a valuation of $60 billion to $70 billion, Reuters has previously reported. SoftBank decided to sell fewer Arm shares in the IPO after buying the 25% stake in Arm it did not directly own from its Vision Fund unit. Arm and SoftBank have set aside 10% of the shares to be sold in the IPO for its clients. Arm's shares will be listed on the Nasdaq and trade under the ticker symbol 'ARM'. Bloomberg reported on Arm's IPO timeline earlier on Thursday.

Persons: Dado Ruvic, SoftBank, Goldman Sachs, JPMorgan Chase, Anirban Sen, David Gregorio Our Organizations: REUTERS, Arm Holdings Ltd, Labor, SoftBank Group Corp, Reuters, Vision Fund, Apple, Intel, Nvidia, Microsoft, Samsung Electronics, Alibaba Group, HK, Deutsche Telekom, Mobile U.S, Goldman, JPMorgan, Barclays, Mizuho Financial Group, underwriters, Nasdaq, Bloomberg, Thomson Locations: New York

☆ Google-backed Anthropic raises $100 mln from South Korea's SK Telecom
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

The logo of SK Telecom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTERS/Nacho Doce/File PhotoSEOUL, Aug 14 (Reuters) - South Korea's largest telco SK Telecom (017670.KS) said it will invest $100 million in U.S. artificial intelligence firm Anthropic to strengthen its telecommunications-driven AI business. SK Telecom, which also made a smaller investment in May, said on Sunday that the two companies plan to jointly develop a global telecommunications-oriented multilingual large language model and build an AI platform. SK Telecom declined to reveal the size of its May investment or the size of its stake in Anthropic. In July, SK Telecom agreed with Deutsche Telekom, e& and Singapore Telecommunications to form an alliance to jointly develop telecommunications-driven AI businesses.

Persons: Nacho, Anthropic, Claude, OpenAI's, Joyce Lee, Sam Holmes Organizations: SK Telecom, Congress, REUTERS, telco SK Telecom, OpenAI, Google, Spark Capital, Deutsche Telekom, Singapore Telecommunications, Thomson Locations: Barcelona, Spain, SEOUL, KS, Anthropic

If the negotiations lead to a deal, the Japanese tech investor would be delivering a major, immediate windfall to VF1 investors, including Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala. A big windfall for VF1 investors could boost SoftBank's chances of tapping them for capital again in the future. VF1's investment committee and SoftBank's investment advisory board, attended by fund investor representatives, are handling the negotiations, one of the sources added. SoftBank, VF1 and Arm declined to comment. SoftBank, which took Arm private for $32 billion in 2016, sold a 25% stake in the company to VF1 for $8 billion in 2017.

Persons: Dado Ruvic, Abu Dhabi's Mubadala, Didi Global, VF1, SoftBank, Masayoshi Son, Raine, VF2, Son, Echo Wang, Anirban Sen, Greg Roumeliotis, Mark Porter Organizations: REUTERS, SoftBank Group Corp, Vision Fund, Nasdaq, Saudi Arabia's Public Investment Fund, WeWork Inc, Alibaba Group, HK, Deutsche Telekom, Mobile U.S, Amazon.com Inc, Reuters, Nvidia Corp, Thomson Locations: Arm, New York

☆ European markets climb on strong earnings ahead of key U.S. inflation print
▼ + stars: | 2023-08-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were higher on Thursday as investors digested a fresh round of corporate earnings and looked ahead to a key U.S. inflation print that could provide hints about the Federal Reserve 's next monetary policy move. The pan-European Stoxx 600 index rose by 0.6% in early trade, with insurance adding 1.7% to lead gains while mining stocks fell 0.4% as the only sector in the red. The European blue chip index closed Wednesday's session up 0.4%, with oil and gas stocks adding 2.3% to lead gains as most sectors finished the day in positive territory. Stateside, stock futures were higher in early premarket trade after another negative session on Wall Street. Back in Europe, corporate earnings continue to roll in and influence individual share price action.

Persons: Dow Jones, Hong Organizations: Federal, Siemens, Zurich Insurance, Thyssenkrupp, Deutsche Telekom, HelloFresh Locations: U.S, London, Asia, Pacific, Europe

☆ Deutsche Telekom lifts 2023 guidance slightly again
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

The logo of Deutsche Telekom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTERS/Nacho Doce/File PhotoSummaryCompanies Now sees 2023 EBITDA AL of 41.0 bln euros vs 40.9 blnQ2 EBITDA AL 10.04 bln euros vs consensus 10.02 blnQ2 revenues 27.2 bln euros vs consensus 27.3 billionBERLIN, Aug 10 (Reuters) - Deutsche Telekom (DTEGn.DE) slightly lifted its 2023 operating profit target a second time on Thursday, boosted by its U.S. business T-Mobile US (TMUS.O), which raised its outlook for customer growth two weeks ago. Bonn-based parent Telekom said it now expects adjusted earnings before interest, taxes, depreciation and amortization after leases (EBITDA AL) to reach around 41 billion euros ($45.03 billion) this year, compared with previous guidance for about 40.9 billion. The group reported second-quarter EBITDA AL that rose 1.5% year-on-year to 10.04 billion euros, a tad above analyst consensus for 10.02 billion. Revenues slipped by 2.4% to 27.2 billion euros, slightly below consensus for 27.3 billion, as it withdrew from the terminal equipment business in the U.S. following its takeover of rival Sprint in 2020.

Persons: Nacho, Maria Sheahan, Friederike Heine Our Organizations: Deutsche Telekom, Congress, REUTERS, Mobile, Telekom, Sprint, Thomson Locations: Barcelona, Spain, U.S, Bonn

TOKYO, Aug 8 (Reuters) - Japan's SoftBank Group (9984.T) reported a surprise loss but saw its Vision Fund unit return to the black for the first time in six quarters, helped by an increased valuation for Arm, the chip designer slated for an initial public offering later this year. The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for the April-June. Without the fillip from Arm, the picture was less rosy with the company's Vision Funds reporting a combined loss of 13 billion yen. Overall, SoftBank reported a third consecutive quarterly loss, hit by declines in valuations for major investments such Alibaba Group (9988.HK), Deutsche Telekom (DTEGn.DE), and T-Mobile U.S. (TMUS.O). Its net loss came to 477.6 billion yen ($3.3 billion), smaller than its loss of 3.16 trillion yen for the same period a year earlier but a stark contrast to market expectations for a 75 billion yen net profit.

Persons: SoftBank, Anton Bridge, Sam Nussey, Miyoung Kim, Edwina Gibbs Organizations: Vision Fund, HK, Deutsche Telekom, Mobile U.S, Thomson Locations: TOKYO

☆ Huawei ban would cost German rail operator 400 million euros, der Spiegel reports
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

A Huawei logo is seen on a cell phone screen in their store at Vina del Mar, Chile July 18, 2019. REUTERS/Rodrigo Garrido/File photoBERLIN, Aug 4 (Reuters) - Germany's national railway operator would have to spend up to 400 million euros ($437.44 million) to replace all the components in its infrastructure supplied by Chinese tech giant Huawei Technologies [RIC:RIC:HWT.UL], Spiegel magazine reported on Friday. Deutsche Bahn, which is state-owned, would face delays of five to six years for its projects if the German government decided to ban Huawei components in the short term, the report said, citing an internal company document. A spokesperson for Deutsche Bahn said the company would not comment on internal documents. Any decision to ban Huawei outright would likely draw an angry response from Beijing, with the Chinese foreign ministry having urged Berlin to act in line with its own interests and international rules.

Persons: Rodrigo Garrido, Rachel More, Miranda Murray Organizations: Huawei, Vina del, REUTERS, Huawei Technologies, Spiegel, Deutsche Bahn, Deutsche Telekom, Thomson Locations: Vina del Mar, Chile, BERLIN, Beijing, Berlin

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