News
Huawei founder says US bans will cost company US$25B Chinese telecommunications equipment provider Huawei Technologies says it will suffer a drop of US$25 billion in projected revenue over the next two years, compared to its earlier forecasts, due to the American Government's actions against it.
19th June 2019
AGL Energy pulls out of bid for Vocus Communications Australia's fourth largest telecommunications operator Vocus Communications has lost another suitor, with AGL Energy announcing on Monday that it had withdrawn its non-binding, indicative proposal to acquire the firm.
18th June 2019
Broadcom says Huawei ban will mean US$2b less in revenue Semiconductor and hardware manufacturer Broadcom has said it will take a hit of about US$2 billion in annual sales for its current financial year which ends in November, due to the restrictions placed on Chinese telecommunications equipment vendor Huawei Technologies.
15th June 2019
TIO launches new website with ‘easier access’ for complaints The Telecommunications Industry Ombudsman has launched a new brand, logo and website with Ombudsman Judi Jones saying the new website makes it easier for consumers and small businesses to make a new complaint, update an existing complaint, understand what is involved and the next steps in the process.
14th June 2019
Energy firm AGL seeks to buy Vocus for $3b Vocus Communications has received another takeover offer, this time from AGL Energy, which has made a bid to buy all the shares in the company for $4.85 a share, meaning that the total bid would come to a shade over $3 billion.
12th June 2019
Russian carrier MTS signs 5G deal with Huawei Russian telecommunications operator MTS has signed a 5G deal with Chinese telecommunications equipment vendor Huawei Technologies, with the network to be developed over the next year.
8th June 2019
Trade war: Cook does not fear that China will target Apple Apple chief executive Tim Cook says he does not anticipate that China will target Apple as a means of retaliating for US actions in the ongoing trade war.
7th June 2019
Swedish firm EQT Infrastructure ends takeover talks with Vocus Swedish private equity firm EQT Infrastructure has ended talks with Vocus Communications over a possible takeover which valued the company at A$3.3 billion, the Australian firm says.
6th June 2019
Telstra makes big cuts in payphone call rates Telstra has announced that it would be sharply reducing the rates for calls placed from its 15,500 public payphones across the country. OPPO Reno 5G smartphone available for pre-order Chinese smartphone vendor OPPO will become the second manufacturer to release a 5G device in Australia, with the OPPO Reno 5G to go on sale on 11 June through Telstra and JB Hi-FI outlets.
4th June 2019
US-China trade war set to hit global smartphone market The global smartphone market faces another challenging year in 2019, with the US-China trade war the factor that will have the biggest say on whether the market returns to growth or not, the research firm IDC says.
1st June 2019