Mobile Telecommunications

Where a Financial Adviser Goes for Advice

9Dec

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World

Where a Financial Adviser Goes for Advice

Updated Dec. 9, 2023 12:17 am ETIn Personal Board of Directors, top business leaders talk about the people they turn to for advice, and how those people have shaped their perspective and helped them succeed. Previous installments from the series are here.Chris Donini is a man some of the biggest companies in the world turn to when they need help. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles

5Dec

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World

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles

SoftBank Corp.is set to invest 473 million euros, equivalent to $513 million, in Cubic Telecom, a provider of software that helps vehicles link to computer networks and analyzes data from connected vehicles, it said Tuesday.The mobile unit of Japanese technology investor SoftBank Group plans to take a 51% equity stake in Cubic Telecom, valuing the Dublin, Ireland-based company at more than EUR900 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Telefonica Proposes Workforce Restructuring for 5,124 Jobs in Spain

5Dec

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Technology

Telefonica Proposes Workforce Restructuring for 5,124 Jobs in Spain

Updated Dec. 4, 2023 1:44 pm ETTelefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization.The Spanish telecommunications company on Monday told unions that it aims to implement a labor force adjustment plan by 2026, due to organizational, technical and production needs, a spokesperson from trade union UGT told Dow Jones Newswires.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

4Dec

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World

Telefonica Proposes Workforce Restructuring for 5,124 Jobs in Spain

Telefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization.The Spanish telecommunications company on Monday told unions that it aims to implement a labor force adjustment plan by 2026, due to organizational, technical and production needs, a spokesperson from trade union UGT told Dow Jones Newswires.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Tech, Media & Telecom Roundup: Market Talk

30Nov

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World

Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0834 GMT – ASML Co-Presidents Peter Wennink and Martin van den Brink are set to retire upon completion of their current appointment terms, which creates some uncertainty, Citi analysts say in a note. However, Citi adds that it doesn’t anticipate any major change in ASML’s strategy or targets knowing that the Dutch semiconductor company has been preparing for such an event for some time, and with Christophe Fouquet—who has been at ASML for 15 years—assuming the role of president. Shares are down 1.21% at 53724.33 pence. ( najat.kantouar@wsj.com)Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...

Elliott Renews Push for Change at Big Wireless-Tower Owner

27Nov

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World

Elliott Renews Push for Change at Big Wireless-Tower Owner

Elliott Investment Management plans to push for changes at Crown Castle International after the activist failed to gain traction when it first took a stake in the big owner of wireless towers.Elliott has amassed a stake of more than $2 billion in Crown Castle, which has a market value of nearly $45 billion, and plans to engage with the company about ways to boost its shares, according to people familiar with the matter.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

24Nov

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World

Tech, Media & Telecom Roundup: Market Talk

Nov. 24, 2023 12:32 pm ETThe latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1110 ET – European telecommunications operators’ price increases over the past year are starting to pay off and revenue growth could pick up in 2024, Barclays analysts say in a research note. Telecom-service revenue rose across most major European markets in the third quarter, and growth accelerated compared with the first and second quarters, Barclays says. Revenue growth could come alongside lower energy costs next year, boosting earnings, but this improving outlook doesn’t seem to reflect in the sector’s market performance and valuation, Barclays says. The U.K. bank sees good investment opportunities in Deutsche Telekom,...

SoftBank Group Shares Slump After Second-Quarter Net Loss

10Nov

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World

SoftBank Group Shares Slump After Second-Quarter Net Loss

SoftBank Group shares fell sharply after the Japanese technology and investment company posted a second-quarter net loss due to weak tech investment results.The company’s shares were recently 6.0% lower at 5,924 yen after falling as much as 7.6% earlier Friday morning.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

SoftBank Loses $6.2 Billion in Quarter as WeWork Weighs on Investments

9Nov

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World

SoftBank Loses $6.2 Billion in Quarter as WeWork Weighs on Investments

TOKYO—SoftBank Group sank deeper into the red in the July-September period as it reported write-downs related to the bankruptcy of office-sharing company WeWork and technology shares stayed under pressure amid rising interest rates in the U.S.The Japanese technology investor posted a net loss of 931.1 billion yen, equivalent to $6.2 billion, for the quarter ended Sept. 30. That is compared with a 477.6 billion yen loss in the April-June quarter and 3.034 trillion yen profit a year earlier, when it unwound its stake in Alibaba Group Holding.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Australia’s Optus Sees No Sign of Cyberattack in Large-Scale Outage

8Nov

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World

Australia’s Optus Sees No Sign of Cyberattack in Large-Scale Outage

Updated Nov. 7, 2023 8:03 pm ETSYDNEY—Singapore Telecommunications-owned Optus has no evidence that a cyberattack was to blame for a network outage affecting millions of customers including emergency services, hospitals and transport systems.The cause of Wednesday’s outage at Australia’s second-largest mobile operator, which in 2022 was hit by a cyberattack in which customer details were stolen, had yet to be identified more than seven hours after customers first complained of problems. There was no sign of an attack and software issues were highly unlikely, Optus Chief Executive Kelly Bayer Rosmarin said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8