Snap rises in falling market as it introduces search feature to Snapchat
The function will give easier access to the content archives of Snapchat's “Stories” feature
Sector
Telecommunications
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Verizon names former Ericsson boss to head up fibre network business
Vestberg's team will be responsible for further developing the architecture of Verizon's fiber networks
Regulator tightens grip on BT as it mulls superfast broadband price cap
Ofcom is proposing to reduce the amount BT’s Openreach division can charge competitors for its superfast broadband service
Inmarsat unit chosen to provide satellite communications for US FirstNet emergency network
The FTSE 250-listed firm said Inmarsat Government will work with AT&T to deliver satellite communication solutions as part of the network.
Avanti Communications rises on Sub-Saharan partnership
Millicom will provide the infrastructure and Avanti the satellite communications
Cracking Snap pops higher as no fewer than 8 analysts start coverage, the majority with 'buy'
According to traders, five of the analysts tagged the social media group with the equivalent of a ‘buy’ rating, and three had ‘hold’ or equivalent ratings on the firm
BT Group fined record £42mln by Ofcom over Openreach broadband installation delays
Ofcom has fined BT Group £42mln for breaching rules that abused its market power as the owner of network division Openreach
Ofcom calls on broadband providers like BT Group to give customers ‘instant’ compensation
A total of £185mln of compensation could be paid out to UK customers, Ofcom said.
Frontier Communications big loser on Nasdaq on Goldman downgrade
The broker is concerned that the group's weakening fundamentals may cause it to suspend its divi payment after the first quarter payout.
BT’s Plusnet fined by Ofcom for overcharging customers
"This fine should serve as a reminder to telecoms companies that they must adhere to Ofcom's billing rules at all times, or face the consequences.”
Satellite Solutions sees revenues and customers triple in 2016
Revenues, underlying earnings and cash in the bank all came in ahead of market expectations
BATM Advanced Communications Limited lands US$2.8mln Kenya contract
It will upgrade the network infrastructure to increase bandwidth capacity so the client can expand the service offering.
Vodafone grabs India's telecoms tiger by the tail in merging its operations with rival Idea Cellular
More than 10 telecom operators are battling it out to try and attract India's one billion mobile users, forcing firms to keep tariffs low, significantly impacting their profitability
Vodafone confirms plans to create biggest telecoms player in India with merger of its business with Idea
The combined company will have nearly 400 mln customers, a 35% customer market share, and 41% revenue market share.
Flexiroam teams with ride-hailing platform Grab
Flexiroam offers globally unified mobile voice and data roaming.
AT&T's merger with Time Warner receives approval from European regulator
The European regulator has given the thumbs up to AT&T's planned merger with Time Warner but the deal still needs approval from the US Department of Justice
Profit-takers trim back BT shares after Openreach deal boost; brokers stay positive
In a note to clients published today, analysts at Barclays Capital reiterated its ‘overweight’ stance on BT Group with an unchanged price target of 475p.
Department 13 International demonstrates counter-drone product
Increased worldwide drone activity is creating security challenges.
BT's separation from Openreach seen as positive for investor sentiment
BT has agreed to separate from Openreach but will still retain assets, begging the question of whether it gives the network true autonomy
BT nabs Rio Tinto’s chairman
Jan du Plessis is to step down as chairman of the mining giant as he assumes a new position on the board of BT