Financials

Bharti Airtel set to cover the salaries of nearly 30,000 distribution partners in May
The company made a similar move in April, to help its distribution partners survive the economic impact of the Covid 19 pandemic
Liberty Global to raise around $1 billion through recapitalisation of Virgin Media in Ireland
The move comes as Liberty Global is set to merge its operations in the neighbouring UK with Telefonica for around £31bn
ZTE to cut 30% of jobs in India, as impact of Covid 19 begins to show
ZTE works closely with at least three of India’s big four telcos
Ambani secures $1.5bn investment into debt laden Reliance Industries
The investment will be made by a private equity firm into the company’s digital platform division, Jio Platforms
Telefonica Deutschland posts strong Q1 figures, despite Covid 19 disruption
Telefonica Deutschland saw revenues grow by 3.4 per cent in Q1 2020 on a year on year basis
Safaricom’s profits jump nearly 20% following M-Pesa purchase
Kenya’s biggest telco saw a sharp rise in profits last year, thanks in part to a strong performance from its mobile money platform, M-Pesa
Tech Mahindra sees a boost in FY20 revenues, despite Covid 19 disruption
Tech Mahindra saw sharp growth in its digital revenues in Q4 of FY 2020, to stand at 44 per cent of total revenues
Qualcomm cashes in on 5G demand, with strong set of financials
The US firm saw revenues increase off the back of strong demand for its portfolio of 5G chipsets