H1 earnings

Fintech player Wirecard upped its full year earnings forecast, with bosses’ confidence boosted by accelerating growth throughout its global footprint over the first half of the year.

Telecom Italia remained largely unaffected by a long-running feud between major shareholders, returning a broadly stable set of financials in the second quarter and first half of the year.

Huawei confirmed an expected revenue jump in the first half of 2019 as growth continued even after US trade restrictions, though chairman Liang Hua (pictured) warned future increases could be slowed by ongoing issues.

South African operator Cell C is planning to hold an IPO in 2020 as it seeks to raise funds for acquisitions, Bloomberg reported.

China Telecom, the country’s third largest mobile operator, posted brisk profit growth in the first six months of the year as it recorded double-digit gains in mobile revenue and a rising 4G market share. Net profit rose 8.

China Unicom posted a strong rise in profit for the first six months of the year, as its mobile business recorded nearly 10 per cent growth after ARPU stabilised.

French challenger brand Iliad continued to report growth in revenue, profit and subscriber numbers in its home market, and accelerated preparations for its forthcoming launch in Italy.