Displaying items by tag: United States
The parent company of the app Snapchat posted Q2 results on August 10 that disappointed investors. The company went public with an IPO in March last year, and reported sluggish user growth two months later in May. One year on, Snap reported net losses of $443 million, compared to $115.9 million in 2016.
Snap generated revenue of $181.7 million during its second quarter for 2017, which ended on June 30, compared to $71.8 million during the same period last year. The company’s net losses of $433 million are equal to a loss of $0.16 per share, compared to analysts who had expected revenue of $185.8 million, and losses of $0.14 per share.
Snapchat’s daily active users grew slightly in Q2 to reach 173 million, up from 166 million during Q1 and 161 million in December. But once again, Snap Inc. disappointed analysts who had hoped for 175 million daily active users.
Majority of Snap’s new users (4 million) came from the United States and Canada, the market that’s best monetized by the company. 2 million new Snapchat users came from Europe and the rest of the world.
An average of 20 images and videos or ‘Snaps’ are shared on the Snapchat app per day, according to Snap Inc. CEO Evan Spiegal, adding that users spend an average of 30 minutes on the app per day.
The company said revenue per user in the US increased to $1.05 after falling in Q1 to $0.90. The increase was driven by significant growth in Europe, Snap said, where the Snapchat app generated $0.39 per user in the second quarter, compared to $0.24 in the first quarter.
Losses are having a significant impact on the company. Snap reported a record net loss of $2.2 billion during the first quarter, but this was mostly due to stock-based bonuses for top Snap executives. But its second quarter losses of $443 million have troubled investors, and contributed to them lowering Snap’s stock 17 percent in after-trading hours.
German telecom giant Deutsche Telekom posted quarterly results showing core profits up 9 percent thanks to strength in the United States and modest increases in its home market. The company moved up its 2017 outlook for core profit to around €22.3 billion ($26.4) from a previous 22.2 €billion.
T-Mobile US, the third largest mobile operator in the United States, contributed to Deutsche Telekom’s rise in profits, as it maintains a 64 percent stake in the company. T-Mobile recently said it added over a million customers for the 17th quarter in a row, boosting confidence for Deutsche Telekom.
The US operator is reportedly seeking a merger with the fourth ranked mobile operator in the country, Sprint Corp., in a deal that could dramatically alter the US telecommunications market into three huge players, including AT&T and Verizon. However, Sprint’s majority owner, Japan’s SoftBank, is also considering a merger with cable communications provider Charter, Reuters recently reported.
T-Mobile’s possible tie-up with Sprint has seen Deutsche Telekom’s stock rise and fall, gaining up to 12 percent in May when the speculation began, but then tumbling down 4.4 percent in the year to date after no deal emerged. Overall, the company’s revenue increased to €18.89 billion, topping the high end of forecasts by 10 analysts polled by Reuters.
US telecom giant AT&T made several executive appointments in late July in preparation for completing its acquisition of Time Warner Inc., the global media and entertainment leader with HBO, Turner, and Warner Bros. The transaction is currently under review by the United States Department of Justice and competition authorities in certain foreign countries.
Effective August 1, new executives will assume new positions and will continue to report to AT&T Inc. Chairman and CEO Randall Stephenson. “We look forward to completing the deal and delivering for customers the many benefits of this merger,” said Stephenson.
John Stankey, previously CEO of AT&T Entertainment Group, will assume the lead of AT&T’s Time Warner Merger Integration Planning Team. He will work closely with Time Warner Inc. Chairman and CEO Jeff Bewkes to plan for a smooth leadership transition to Stankey as CEO of AT&T’s media company once the merger is complete.
Previously Chief Strategy Officer and Group President of AT&T Technology Operations, John Donovan was named CEO of AT&T Communications, once the merger is complete, which includes AT&T’s Business Solutions, Entertainment Group, and Technology & Operations groups.
In addition, Lori Lee, who previously led AT&T’s Time Warner Merger Integration Team, will assume leadership with AT&T International, and maintain her responsibilities as Global Marketing Officer.
AT&T provides mobile, broadband and video services to US-based consumers and serves nearly 3.5 million businesses, from the smallest companies to nearly all the Fortune 1000. The company provides mobile services to more than 13 million consumers and businesses in Mexico, and pay-TV service to more than 13 million subscribers across 11 countries and territories in Latin America and the Caribbean.
Apple chief executive Tim Cook has committed to building three large manufacturing plants in the United States, President Donald Trump said in an interview with The Wall Street Journal. Trump claims Cook has promised to build “three big plants, beautiful plants,” but didn’t go into more detail.
About 80,000 people work for Apple in the US and is said to employ about two million people in total. The company was criticized last year by Trump during his presidential campaign for outsourcing its manufacturing to factories in China. In an interview with TIME, Trump said he hoped Apple would shift its manufacturing to the US.
Only a small amount of Apple products are produced in the US, according to the WSJ, and are made in the country on contract. Flex has a deal with Apple to make Mac computers in Austin, Texas, while Quanta Computer produces Macs in Fremont, California.
However, majority of Apple products are being made in China, mainly by Foxconn Technology, a company that produces iPhone products and others. Trump also claims Foxconn has plans to build a large plant in the US and is considering locating it in Wisconsin.
Deep Blue Cable announced it has contracted TE SubCom to build and deploy the Deep Blue subsea cable system. The pan-Caribbean system design spans nearly 12,000km with initial landing points in 12 markets throughout the region, including the Cayman Islands, Curaçao, the Dominican Republic, Haiti, Jamaica, Puerto Rico, Trinidad & Tobago, and Turks & Caicos Islands, with dual diverse landings in the U.S., which will include the first landing of a cable on the Gulf Coast of Florida.
Speaking to Telecom Review, Deep Blue CEO Steve Scott said the Deep Blue subsea cable network will offer an initial capacity of 6 Tbps per fiber pair and is projected to be completed in Q4 of 2019. It will ensure availability, competitive pricing and capacity resilience, he said.
The Deep Blue network will benefit the region’s businesses and consumers by offering significantly higher design capacity, lower unit costs, lower latency through direct connectivity, and the ability to leverage advancements in reliability such as improved route planning and installation techniques.
Based in St. Lucia, Deep Blue cable is the developer, owner and operator of the system that will provide connectivity across the Caribbean islands and to the United States. By ensuring competitive pricing and resilience through alternative supply, Deep Blue cable will provide connectivity to international and regional telecommunications operators, regional network providers, Over-the-Top (OTT) providers, data centers, governments, and large enterprises, including financial services, and oil and gas companies.
“Deep Blue Cable has great confidence in TE SubCom and its ability to build a state-of-the-art subsea cable system that will provide long overdue advanced connectivity across the Caribbean islands and to the Americas,” said Scott. “The Deep Blue cable system will play a critical role in serving developing Caribbean countries that are now experiencing a surge in demand for advanced telecom services and currently rely on fibre-optic connectivity that is technologically and economically disadvantaged.”
The Deep Blue cable system will be a network providing direct fibre connectivity between major traffic hubs, as well as optical add/drop connectivity to many smaller markets throughout the region. Using TE SubCom’s proven OADM (optical add/drop multiplexer) branching unit technology, Deep Blue Cable can cost-effectively supply international bandwidth across a range of Caribbean markets, large and small, in a scalable manner over time.
“TE SubCom is pleased to be entrusted by Deep Blue Cable with the construction of their fibre-optic subsea cable system, which will expand and enhance connectivity across the Caribbean region and to the Americas,” said Mike Rieger, vice president of sales at TE SubCom. “In a region that has experienced no significant fibre-optic deployment in recent years, this submarine cable will satisfy not only the current spike in demand for connectivity in developing Caribbean countries, but also future requirements driven by projected growth.”
T-Mobile US posted strong results this quarter despite the fact that its competition went big on unlimited offers. The operator reported record low customer attrition and said it was considering a quarterly dividend.
Chief Financial Officer Braxton Carter said, "We're actually starting to have conversations about instituting a small quarterly dividend that we can grow in the future.”
Q2 2017 was a record-breaking quarter in a number of areas for T-Mobile, the company states. The operator delivered record service revenue, strong net income, record Adjusted EBITDA and record-low postpaid phone churn. T-Mobile added 1.3 million total customers, marking 17 straight quarters of adding more than 1 million every quarter.
The company expects to capture all of the industry's postpaid phone growth with 786,000 branded postpaid phone customers in the quarter. Customers are also staying longer, T-Mobile claims, reflected in its record-low branded postpaid phone churn of 1.10% in Q2 2017.
As a result of these strong customer metrics, T-Mobile grew service revenues to record levels, up 8% year-over-year in Q2 2017, it claims. The operator’s consistent level of outperformance has seen it gaining share from larger competitors AT&T and Verizon in a saturated US market through its network improvements and lower prices.
The company had said it was open to various strategic options and has acknowledged it would consider talks with rival Sprint about a potential merger, Reuters reported. However, discussions appear to be on hold, as Sprint, owned by Japan’s SoftBank, is also in negotiations with cable companies Charter Communications and Comcast.
T-Mobile’s net income rose to $581 million, or 67 cents per share, from $225 million, or 25 cents per share, a year earlier. Total revenue grew to $10.21 billion from $9.29 billion. The operator toppled analyst predictions of 38 cents per share on revenue of $9.81 billion, according to Thomson Reuters I/B/E/S.
"We just delivered a quarter with record service revenue, record-low churn, strong net income and record Adjusted EBITDA - all while leading the industry in postpaid phone growth," said John Legere, President and CEO of T-Mobile.
"On top of that, our network just keeps getting better and faster while the Duopoly's networks seem to be choking after we forced them to go unlimited. Make no mistake about it, the Un-carrier will not stop forcing change in this industry and our Q2 results are more proof that consumers are responding!"
What is a Un-carrier? T-Mobile defines the model as “listening to customers, solving their pain points and giving them unmatched value.” Focusing on these simple priorities has “completely disrupted the wireless industry” T-Mobile claims, “and forced the competition to respond to our moves.”
T-Mobile announced on June 26 it had completed the United States’ first mobile broadband data session live in the field using License Assisted Access (LAA) on its commercial network. The field testing, which began in Los Angeles, showed blazing 741 Mbps download speeds using 80 MHz of aggregated spectrum.
In addition, T-Mobile is the first national wireless provider to make LTE-U available to customers. LTE-U uses publicly available 5 GHz airwaves to bolster existing LTE capacity and give a speed boost to what is considered America’s most advanced 4G LTE network. T-Mobile LTE-U is live in select locations in Bellevue, WA; Brooklyn, NY; Dearborn, MI; Las Vegas, NV; Richardson, TX; and Simi Valley, CA, with more rolling out later this year.
For T-Mobile customers, LTE-U delivers even more capacity and faster speeds. And there’s no need to turn on or download anything. It just works for T-Mobile customers in LTE-U locations with compatible smartphones. LTE-U provides similar speed and capacity benefits for consumers as the trifecta of technologies T-Mobile launched last fall – Carrier Aggregation, 256 QAM (Quadrature Amplitude Modulation) and 4x4 MIMO (Multiple Input Multiple Output) – with less licensed spectrum.
“LAA is just the latest example of how T-Mobile is innovating the way forward. While our competitors scramble to deal with the way unlimited data plans are slowing down their networks, we’re already moving on to what’s next,” said Neville Ray, CTO at
T-Mobile. “This means that the fastest LTE network – that’s T-Mobile – will only get faster. I hope AT&T and Verizon like eating our dust!”
Earlier this year, the FCC cleared the way for LTE in unlicensed spectrum, enabling wireless providers to use unlicensed airwaves in the 5 GHz band that are frequently underutilized. LTE-U and LAA devices and equipment intelligently tap into and share underutilized unlicensed spectrum without affecting other users on the same band, including those using conventional Wi-Fi. Building on years of research, development and testing, T-Mobile immediately began the rapid rollout of new network hardware to support LTE in unlicensed spectrum.
LAA enables greater carrier aggregation than LTE-U, so mobile operators can combine larger amounts of unlicensed and licensed spectrum. LAA will allow T-Mobile to deliver even more bandwidth and faster speeds to customers in the future. T-Mobile is first to use this LTE Advanced technology. The Un-carrier plans to further densify its network with small cells which include LAA functionality starting later this year.
US President Donald Trump recently met with tech leaders at the American Leadership in Emerging Technology event which was attended by executives from the country’s leading operators such as AT&T CEO Randall Stephenson and Sprint CEO Marcelo Claure. Trump said he will give US companies the competitive advantage they need to lead the way in new technological development.
The White House event, which is part of FCC chairman Ajit Pai’s Tech Week in the US, centered on discussions about emerging technologies such as drones and 5G. In a speech addressing the executives at the event, Trump said, “We’re on the verge of new technological revolutions that could improve, virtually, every aspect of our lives.”
Trump promised he would support US companies by helping to “unleash the next generation of technological breakthroughs that will transform our lives and transform our country, and make us number one in this field.”
The President added: “This is a very, very competitive field. You see what’s going on in China and so many other countries and we want to remain number one. We want to go to number one in certain areas where we’re not number one and we’re going to give you the competitive advantage that you need.”
The event also included the US president meeting with other technology leaders such as representatives of Amazon, Google and Microsoft to discuss the government’s technology systems earlier in the week.
In a blog post published prior to Trump’s meeting, Ajit Pai expressed the importance of removing “barriers to innovation” – a topic frequently brought up by the chairman. He said: “In order for us to expand prosperity and extend economic opportunity to more Americans, we must remain on the cutting edge.”
Pai added: “This means that government at all levels must focus on removing barriers to innovation and ensuring that technological advances aren’t strangled by bureaucratic red tape.”
200 million US citizens have had their sensitive personal data exposed accidently by a marketing firm contracted by the Republican National Committee. The data – which included 1.1 terabytes worth of information such as birth dates, home addresses, telephone numbers, and political views of about 62 percent of the entire US population – was available on a publicly accessible Amazon cloud server.
The vulnerable data, according to a BBC report, was discovered by Chris Vickery, a cyber-risk analyst with the security form UpGuard. The huge amount of data appears to have been collected from a wide range of sources, including posts on controversial banned threads on social network Reddit, to committees that raised funds for the Republican Party.
The data was stored in spreadsheets uploaded to a server owned by Deep Root Analytics, a media analytics firm. According to the BBC, it has last been updated in January when President Donald Trump was inaugurated and had been online for an undisclosed period of time.
Alex Lundry, the founder of Deep Root Analytics, told tech website Gizmodo: “We take full responsibility for this situation. Based on the information we have gathered thus far, we do not believe that our systems have been hacked.” Lundry added: “Since this event has come to our attention, we have updated the access setting and put protocols in place to prevent further access.”
The data included very personal details about US citizens such as their suspected religious background and affiliations, their ethnicity and political stances, such as where they stood on controversial issues like gun control and abortion rights. The file names and directories suggested that the data was supposed to be used by Republican political organizers to create a profile on as many voters as possible by using all available data.
A blog post by Dan O’Sullivan on UpGuard’s website reads: “That such an enormous national database could be created and hosted online, missing even the simplest of protections against the data being publicly accessible, is troubling.”
O’Sullivan added: “The ability to collect such information and store it insecurely further calls into questions the responsibilities owed by private corporations and political campaigns to those citizens targeted by increasingly high-powered data analytics operations.”
The information leak is said to be the largest in the US to date and has caused grave concern among privacy experts because of the sheer scale of the data gathered. Privacy International’s policy officer, Frederike Kaltheneur told the BBC: “This is deeply troubling. This is not just sensitive, it’s intimate information, prediction about people’s behavior, opinions and beliefs that people have never decided to disclose to anyone.”
Telia Carrier announced that it has launched two PoPs in the Portland area in Oregon, US, bringing improved diversity and high speed connectivity to service, content and cloud providers in the Pacific Northwest.
Telia’s new PoP locations include Hillsboro, a key connection point for sea cable landings coming from the west as well as international traffic from Asia. Telia’s expansion to the Portland area gives (OTT) providers, hyperscale cloud networks and carriers the ability to directly connect in market rather than backhauling traffic to other regions, which adds latency.
The Portland metropolitan area or Silicon Forest as it is commonly referred to has become a hub for carriers and content providers as well as regional education and city networks connecting to greater Portland and Eastern Oregon. Tax incentives and green power sources have driven significant growth in the last two years. Large-scale data center construction in the region is accelerating due to terabit traffic demands and an abundance of sustainable, low cost hydro-power.
As a new market entrant, Telia Carrier’s two PoPs in the region provide unique network routing. The Hillsboro location is designed with long haul routes that establish diversity from downtown Portland, where many of the legacy carrier facilities are located. Careful selection of the routing at river crossings ensures additional reliability.
“With continued investment in large-scale data centers and as new sea cable landings come online next year to support traffic demand from the Asia Pacific region, Hillsboro is a prime location for us to introduce new PoPs,” said Art Kazmierczak, Telia Carrier’s director of business and network development.
“By expanding to Portland, we continue to deliver best-in-class IP transit performance for education and broadband customers with minimal network hops, high resilience and inherent route diversity. These capabilities ensure our customers get the best possible connectivity and ultimately, they enhance the online experience for end users.”