Sony spins off IoT chip division to restore Altair Semiconductor brand
Altair Semiconductor is operating as an independent company again after Sony executed a spin-off agreement and restored the cellular IoT chip-making brand it acquired for USD 212 million in 2016. Sony Semiconductor Solutions has kept hold of an equity holding of undisclosed size in Altair Semiconductor, which emerges from the spin-off with USD 50 million in initial stage funding led by the Israeli venture capital fund Pitango Group. The company was formally known as Sony Semiconductor Israel.
Sony spins off IoT chip division to restore Altair Semiconductor brand
Altair Semiconductor is operating as an independent company again after Sony executed a spin-off agreement and restored the cellular IoT chip-making brand it acquired for USD 212 million in 2016. Sony Semiconductor Solutions has kept hold of an equity holding of undisclosed size in Altair Semiconductor, which emerges from the spin-off with USD 50 million in initial stage funding led by the Israeli venture capital fund Pitango Group. The company was formally known as Sony Semiconductor Israel.
Telenor trims FY EBITDA growth outlook as stronger krone pares Q1 reported figures
Telenor Group has reported year-on-year dips in its revenue and adjusted EBITDA for the first quarter of 2026 as the Norwegian krone strengthened, but there were increases on an organic basis. It reported a 2.0 percent rise in operating profit. CEO Benedicte Schilbred Fasmer said Telenor retains its medium and long-term financial ambitions while lowering its organic EBITDA growth outlook for 2026 because of top-line headwinds in Finland and Bangladesh. The second quarter will be particularly challenging com
Telenor trims FY EBITDA growth outlook as stronger krone pares Q1 reported figures
Telenor Group has reported year-on-year dips in its revenue and adjusted EBITDA for the first quarter of 2026 as the Norwegian krone strengthened, but there were increases on an organic basis. It reported a 2.0 percent rise in operating profit. CEO Benedicte Schilbred Fasmer said Telenor retains its medium and long-term financial ambitions while lowering its organic EBITDA growth outlook for 2026 because of top-line headwinds in Finland and Bangladesh. The second quarter will be particularly challenging com
Spotify expands into fitness with Peloton deal
Spotify has announced an agreement with Peloton Interactive to expand into the wellness space, as it looks to diversify beyond its core music and podcast revenue streams. The partnership will give Spotify Premium users access to Peloton's catalogue of more than 1,400 ad-free, instructor-led classes, including strength training, yoga, Pilates, barre and meditation, directly within the app.
Spotify expands into fitness with Peloton deal
Jio's quarterly profit jumps 13%, tops 524 million subscribers in March
India's Jio Platforms posted operating revenue of INR 449.2 billion for its fourth quarter ended 31 March 2026, which represents an increase of 12.6 percent year-on-year. Quarterly net profit was INR 79.3 billion, up 13 percent year-on-year, while EBITDA jumped 17.9 percent to INR 200 billion. The EBITDA margin also increased to 52.4 percent from 50.1 percent one year earlier.
Jio's quarterly profit jumps 13%, tops 524 million subscribers in March
Solutions by STC revenue rises 6% in Q1, plans 1-for-1 bonus share issue
Solutions by STC said its revenue increased by 6 percent year-on-year to SAR 3.0 billion in the first quarter ended March compared with SAR 2.82 billion in the same period in 2025, driven by Core ICT services that showed 10 percent revenue growth. EBITDA rose by 10 percent to SAR 492 million from SAR 448 million and the EBITDA margin was 16.4 percent compared with 15.9 percent. Net profit surged slightly by 3 percent to SAR 370 million from SAR 361 million. Capex (organic) declined by 69 percent to SAR 18 m
Solutions by STC revenue rises 6% in Q1, plans 1-for-1 bonus share issue
Tecnotree records higher Q1 profits ahead of takeover deal
BSS and telecoms IT vendor Tecnotree reported a first-quarter net income totalling EUR 2.1 million, an increase of around 40 percent annually. Earnings per share rose EUR 0.02 to EUR 0.11 year-on-year and Tecnotree's order book grew markedly, reaching EUR 105.4 million from EUR 70.3 million in Q1 FY24, driven by bookings in Africa and Latin America. The results come as Tecnotree looks toward a takeover by Resilience Investment Holdings, a UK-domiciled consortium vehicle involving its existing CEO Padma Ravi
Tecnotree records higher Q1 profits ahead of takeover deal
Freshwave boosts 4G connectivity at Leeds Bradford Airport
Freshwave Group has delivered multi-operator 4G mobile connectivity for the refurbished terminal and new extension at Leeds Bradford Airport, deploying the Omni Network 4G solution as a managed service. Freshwave has connected 85,000 sq ft across three floors of the terminal extension - including new food/beverage areas, baggage reclaim and retail outlets. The deployment will be expanded to cover a further 44,000 sq ft of the terminal extension in the near future, including the new security area.
Freshwave boosts 4G connectivity at Leeds Bradford Airport
Spotify beats Q1 outlook with 10 mln new users, operating profit up 40%
Spotify reported stronger-than-expected growth in its user base in the first quarter, helped by a growing range of entertainment options and more personalised experience for both free and paid subscribers on the digital music platform. Monthly active users increased by around 10 million compared to the end of 2025, better than the 8 million forecast, for a total base of 761 million in Q1. Premium (paid) subscribers rose by 3 million, in line with the company's target, to 293 million, and were up by 9 percen
Spotify beats Q1 outlook with 10 mln new users, operating profit up 40%
Telenor Denmark lifts Q1 service revenue 1% organically amid tough competition
Telenor has reported a 1.3 percent year-on-year decline in first quarter Danish service revenue to NOK 1.16 billion but said service revenue was up by 1.2 percent on an organic basis. The Danish subsidiary says service revenue in local currency was 1 percent higher at DKK 759 as it maintained a strong top line in a "period of change". Competition was intense, said Telenor.
Telenor Denmark lifts Q1 service revenue 1% organically amid tough competition
EE expands 5G+ network to more than 50 million people
BT Group subsidiary EE has completed major mobile network upgrades ahead of the summer, making 5G+ available to over 50 million people across more than 610 UK towns and cities. This exceeds its original target of reaching 41 million people by spring 2026, with EE aiming to deliver 5G+ connectivity to 99 percent of the UK population by end-March 2030.
EE expands 5G+ network to more than 50 million people
Wom Chile inks deal to offer users permanent discounts at Cinepolis cinemas
Chilean operator Wom has announced a commercial agreement with Cinepolis to offer customers a series of benefits at the latter's movie theatres all over the country. The offer includes a 40 percent discount for all users on tickets for 2D and 3D screenings, plus a 20 percent discount on food and beverage combos.
