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Avaya posts quarterly loss of USD 633 mln on impairment, sees takeover talks concluded in month
(Telecompaper) Avaya reported a net loss of USD 633 million for its fiscal third quarter to June, hurt by an impairment charge of USD 657 million to write down goodwill at its Products & Solutions division due to reduced prospects. The company also withdrew its long-term outlook, saying this will be updated after it completes its evaluation of takeover offers, expected in the next 30 days.
France Televisions, M6 and TF1 to launch Salto SVoD service in Q1 2020
(Telecompaper) The commercial launch of SVoD platform Salto has been scheduled for the first quarter of 2020, after the joint venture received the green light from the French competition authority, subject to conditions. In a statement, France Televisions, M6 and TF1 said that their initiative will provide a French answer to new expectations from TV viewers, in light of competition from international streaming platforms.
Verizon sells Tumblr to WordPress owner Automattic
(Telecompaper) Verizon has agreed to sell the blogging website Tumblr to Automattic, the owner of online-publishing tool WordPress.com. A source familiar with the deal put the price-tag “well below” USD 20 million, while another source put it below USD 10 million, Axios reported separately.
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Drei, ZTE and the Federal State of Carinthia start 5G operations in the digital showcase region “Wörthersee”
Drei, ZTE, SURAAA and the Federal State of Carinthia are bringing 5G, the technology of the future, to lifeWill showcase new opportunities for digitisation, tourism and the environmentReal 5G, instead of 5G ready – real applications in the 5G network, 5G smartphone and will top transfer speeds up to one Gigabit per secondIn 2016, ZTE and the federal state of Carinthia entered into a digitisation partnership with the aim of making Carinthia the digital flagship…
Source: RealWire