Financial

America Movil addressed the “major change” impacting Mexico’s telecoms market, as the telecoms group reported Q2 results which reflected the “mixed bag” of economies in which it operates.

TeliaSonera said that it expects its earnings trend to “improve somewhat in the second half of the year”, but warned of increased risks related to its Eurasia business.

Intel said sales of its tablet products increased to 9. 9 million units in Q2 2015, a year-on-year growth of 11 per cent, as it looks to improve the performance of its loss-making mobile unit.

Digicel, a mobile operator across Caribbean and South Pacific markets, filed for an Initial Public Offering, with its documentation revealing some interesting details of its business plans.

BlackBerry announced Q1 results which showed its shift to focus on software is starting to take effect, with John Chen, the company’s CEO, describing this business as “key to BlackBerry’s future growth”.

BT and EE ramped-up the charm offensive as the companies’ planned £12. 5 billion deal goes through an assessment by the UK’s competition authorities, arguing that the merged company will create a “true UK digital champion”.

Emerging markets operator Millicom is to buy an 85 per cent stake in Zanzibar Telecom (Zantel) from Etisalat, describing it as “a natural fit for Millicom’s strategy”. Zantel is being bought for $1, with Millicom assuming debt obligations of $74 million.