Globe Telecom forecasts lower revenue for 2020
Globe Telecom president and CEO Ernest Cu forecast a low single-digit drop in full year revenue given the impact of community quarantine restrictions, as the operator reported a H1 decline which was lower than predicted in May.
China Unicom mobile weakness continues
China Unicom, the second-largest mobile operator in the country, recorded double-digit profit gains in the first six months of 2019, but consolidated revenue dipped on the back of a significant drop in mobile service turnover.
MTN thrives despite domestic challenges
MTN Group CEO Rob Shuter (pictured) hailed growth in the company’s domestic South Africa operation over the first six months of 2019, noting it overcame several headwinds including a weak economy and regulatory changes covering subscriber contracts.
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