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Softbank announces Q2 results with an upswing in financial activity

SoftBank Group reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as tech stocks rally and…

Samsung net profits plummet as chip market weakens

The world's biggest smartphone and memory chip maker Samsung Electronics reported second-quarter net profits slumping by more than half in…

Indian operator sees its profits plunge as price war takes its toil

Indian telecommunications incumbent Bharti Airtel has once again seen its profits plummet as the ongoing price war in Indian continues…

New Zealand operator sees profits slide as transformation plan kicks in

New Zealand’s second-largest telecommunications operator Spark has suffered a double-digit decline in its profit following the publication of its financial…

Australian operator confirms it will axe 400 jobs

Australian operator Optus has confirmed that it will cut its workforce by 400 due to increased competition caused by a…

Investment in broadband services ensure revenue growth for SK Telecom

South Korea’s telecommunications incumbent SK Telecom has enjoyed a significant increase in its profits, which it has largely attributed to…

Japan’s largest mobile operator sees profits surge in Q3

Japan’s largest mobile operator has reported strong growth across almost all of its business lines in what was a rip-roaring…

Samsung announces new CEO following record Q3 financial results

Samsung Electronics have selected their replacement for the outgoing vice chairman and CEO Kwon Oh-hyun, who surprised many industry analysts…

Chinese e-commerce firm sees net profit double due to growth in online shopping

Chinese e-commerce colossus Alibaba has revealed that it has almost doubled its net profit due to phenomenal growth in online…

Blow for Australian telecommunications firm as profits slump

Australia’s leading telecommunications company Telstra has reported a slump in first half profit - as the combination of increased competition…