News highlights – 19 January

Written by on January 20, 2017 in News with 0 Comments

News highlights for 19 January

Telia considering a bid for TDC

STOCKHOLM (Reuters) – Swedish telecom operator Telia is mulling a bid for Denmark’s TDC, Swedish business daily Dagens Industri reported on Thursday, citing unnamed sources. Read more…

Avaya files for Chapter 11 bankruptcy

WILMINGTON, Del (Reuters) – Telecommunications company Avaya Inc filed for Chapter 11 bankruptcy on Thursday to reduce its debt load of about $6.3 billion but said it would not sell its call center business, which it had tried to do last year. Read more…

IBM posts 19th quarter of declining revenue, but says will beat estimate

(Reuters) – International Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics. Read more…

Thai consumer group to launch class action against telcos over billing

Thailand’s Foundation For Consumers plans to launch a class action lawsuit against four telcos with the goal of forcing them to obey an earlier order from the telecoms regulator to adopt per-second billing. Read more…

Toshiba gloom deepens, shares down again

TOKYO (Reuters) – Shares in Japan’s Toshiba Corp extended losses on Friday, weighed down by concern over a potentially bigger-than-expected $6 billion writedown triggered by cost overruns at its U.S. nuclear business. Read more…

An app to track stock market impact of Trump tweets

LONDON (Reuters) – Just in time for his inauguration, London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump. Read more…

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