News highlights – 25 October

Written by on October 26, 2016 in News with 0 Comments

News highlights – 25 October

Borje Ekholm

Borje Ekholm

Ericsson appoints Investor AB veteran Borje Ekholm as new CEO

STOCKHOLM (Reuters) – Swedish mobile telecoms gear maker Ericsson appointed Borje Ekholm to take over as chief executive on Wednesday as the firm grapples with tough cost cuts and deteriorating market conditions. Read more…

EU to investigate Czech telecoms operators’ network-sharing deal

BRUSSELS (Reuters) – The European Commission said on Tuesday it is to investigate whether a mobile telecoms network-sharing deal between O2 CZ/CETIN and T-Mobile CZ restricts competition in the Czech Republic. Read more…

For Apple, surprise hunger for big phones leaves money on table

(Reuters) – Apple Inc said it was caught off guard by how many people want to buy its biggest smartphone, the iPhone 7 Plus, and the miscalculation may hit profits this holiday season. Read more…

Amazon beefs up Paris express delivery service with partnerships

PARIS (Reuters) – Online retailer Amazon said on Wednesday it was partnering with luxury food group Fauchon, organic food chain Bio c’Bon and wine retailer Lavinia to extend the product range of its Prime Now express delivery service in Paris and its suburbs. Read more…

Yahoo scanning order unlikely to be made public: sources

WASHINGTON (Reuters) – Obama administration officials briefed key congressional staffers last week about a secret court order to Yahoo Inc  that prompted it to search all users’ incoming emails for a still undisclosed digital signature, but they remain reluctant to discuss the unusual case with a broader audience. Read more…

BlackBerry launches last phone it will carry on its books

TORONTO (Reuters) – BlackBerry Ltd launched its third Android-based phone on Tuesday, the last device whose success will be the company’s financial responsibility, opting to price its top-end device well below Apple Inc’s iPhone 7. Read more…

Singapore telecoms group StarHub says hit by cyber attacks

SINGAPORE (Reuters) – Singapore telecom operator StarHub Ltd said on Tuesday intentional cyber attacks had caused web connection disruptions for some of its home broadband customers on October 22 and October 24. Read more…

Samsung chip supplier AMS warns of customer setback, shares plunge

(Reuters) – Austrian sensor chip maker AMS AG has warned of a setback with one of its customers which could hit revenues and force a writedown in its accounts, sending its Swiss-listed shares down by as much as 23 percent on Tuesday. Read more…

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