Nokia sales growth strengthens in Q3 while restructuring costs weigh on margins, cash flow
Nokia reported solid growth for the third quarter, led by demand for its IP networking products as well as increase in mobile network sales. Total revenues increased 10 percent year-on-year to EUR 5.15 billion and rose 9 percent on an organic basis. Adjusted operating profit jumped 35 percent to EUR 605 million, and Nokia said it was on track to meet its full-year target for a higher margin.
Nokia sales growth strengthens in Q3 while restructuring costs weigh on margins, cash flow
Nokia reported solid growth for the third quarter, led by demand for its IP networking products as well as increase in mobile network sales. Total revenues increased 10 percent year-on-year to EUR 5.15 billion and rose 9 percent on an organic basis. Adjusted operating profit jumped 35 percent to EUR 605 million, and Nokia said it was on track to meet its full-year target for a higher margin.
Meta ordered to pay USD 25 bln to New Mexico for Facebook privacy violations
Meta must pay the US state of New Mexico USD 25 billion after a jury found the company liable for deceiving users about privacy on Facebook. Facebook's deception was intentional and executives consistently misled users about how the platform worked, according to the ruling issued by state district court judge reported by AP.
Meta ordered to pay USD 25 bln to New Mexico for Facebook privacy violations
Meta must pay the US state of New Mexico USD 25 billion after a jury found the company liable for deceiving users about privacy on Facebook. Facebook's deception was intentional and executives consistently misled users about how the platform worked, according to the ruling issued by state district court judge reported by AP.
Apple ordered to open iOS to rival app stores in Australia
Apple must allow rival app distribution channels and alternative in-app payment systems on iOS devices in Australia after the Federal Court ordered changes to its App Store rules, following findings that the company misused its market power. Most of the changes are due to take effect on 1 March 2027, although Apple can seek an extension to 3 May.
Apple ordered to open iOS to rival app stores in Australia
Farice merges with Oryggisfjarkipti and Neydarlinen technical ops to form Korda Networks
Farice has completed its merger with Oryggisfjarskipti and the technical arm of Neydarlinan and began trading as Korda Networks on 01 September. Korda will operate the submarine cables Farice-1, Danice and Iris, connecting Iceland with Europe. Preparations are also under way for Audur, a new subsea cable from southern Iceland to Scotland, which is expected to enter service in 2030. Scottish newspaper The Herald reports that Korda has appointed Pioneer Consulting as lead adviser for Audur.
Farice merges with Oryggisfjarkipti and Neydarlinen technical ops to form Korda Networks
Amazon announces new Blink home security cameras
Blink, Amazon-owned provide of wireless and plug-in smart home security solutions, has announced an extended product offering - launching five new cameras, including its first 4K, spotlight and pan-tilt models. Two new extended-range cameras are targeted at customers with larger properties and hard-to-reach areas, both of which pair with the Sync Module XR+ hub to extend Wi-Fi coverage.
Amazon announces new Blink home security cameras
Mauritius reviews framework for mobile number portability
Telecommunications stakeholders in Mauritius concluded a three-day validation workshop focused on reviewing and finalizing the Draft Call for Applications for a Mobile Number Portability (MNP) service provider licence. The meeting brought together key telecommunications stakeholders to shape the framework for its implementation in Mauritius.
Mauritius reviews framework for mobile number portability
Orange ordered to stop FTTH roll-out in Mayotte in antitrust challenge
Mayotte THD, a subsidiary of Reunicable, and the elected representatives of Mayotte have secured the enforcement of interim measures against local operator Orange after lodging separate complaints with the French competition authority. The dispute centres on Orange's controversial decision to bring FTTH connectivity to five of Mayotte's seventeen municipalities. The watchdog sided with the complainants and ruled that these deployments, which started in March 2025, were likely to constitute an abuse of a dom
Orange ordered to stop FTTH roll-out in Mayotte in antitrust challenge
Telia says TV and broadband businesses support Q3 revenue growth in Norway
Telia Company has reported a like-for-like increase in Norwegian third quarter revenue as service revenue was lifted by strong performances by its television and broadband operations. Lower interconnection income dented mobile service revenue. The rise in service revenue drove an upturn in adjusted EBITDA.
Telia says TV and broadband businesses support Q3 revenue growth in Norway
Spotify forecasts strong finish to 2026 after Q3 revenues grow 16%
Spotify added around 6 million new paid subscribers in the third quarter, better than its target and taking the total base of Premium Subscribers to 306 million. The ad-supported base grew by 5 million in the three months to 399 million. As a result, Spotify had a total of 788 million monthly active users worldwide, an increase of 11 percent year-on-year, and the company said it sees room for more growth ahead.
Spotify forecasts strong finish to 2026 after Q3 revenues grow 16%
Canadian mobile industry worth over CAD 165 billion - GSMA
Canada's mobile industry generated USD 120 billion (CAD 165.7 billion) in economic value in 2025, equal to 5.4 percent of the country's GDP, according to the new 'Mobile Economy Canada 2026' report from the GSMA. Of this, USD 70 billion (CAD 96.67 billion) can be attributed to productivity efforts. The GSMA expects Canada's mobile industry to be worth USD 170 billion (CAD 234.7 billion) by 2030, growing over 3-times faster than the wider economy.
Canadian mobile industry worth over CAD 165 billion - GSMA
Tecnotree raises FY sales projection on promising Q3 data
Tecnotree has raised its full-year revenue outlook for 2026, now predicting constant currency growth in mid-to-high single-digit percentage figures as opposed to low-to-mid single-digit growth previously. The estimate reflects management's assessment of preliminary results for January to September, inclusive of particularly promising figures for the third quarter. Order intake is set to surpass projections with strong customer execution likely to last into the final three months of 2026, the company said.
