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Facebook revenues surge 72% in Q1

(Telecompaper) Social media company, Facebook reported first quarter revenue of USD 2.50 billion, representing a significant year-on-year increase of 72 percent from USD 1.46 billion. Revenue from advertising rose 82 percent to USD 2.27 billion, with advertising revenue representing approximately 59 percent of advertising revenue, up from 30 percent. Payments and other fees revenue totalled USD 237 million. 

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Apple posts revenue increase, widened net profit in Q2

(Telecompaper) Apple’s second quarter revenue rose year-over-year to USD 45.6 billion from USD 43.6 billion. Net profit was up to USD 10.2 billion, or USD 11.62 per diluted share from net profit of USD 9.5 billion, or USD 10.09 per diluted share. Gross margin in the quarter was 39.3 percent, up from 37.5 percent. International sales amounted to 66 percent of quarterly revenue. 

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Dimension Data snaps up Nexus, enhances U.S. IT capabilities

Dimension Data has purchased all of Nexus, an IT network integrator, a move that deepens its presence in the U.S. and broadens its services portfolio for high growth vertical segments like education, retail, hospitality and healthcare.

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Maine Fiber Co. says middle mile network audit is completed, sees growth in dark fiber leasing

Maine Fiber Company (MFC), the owner and operator of Maine’s “Three Ring Binder” middle mile network, announced that BerryDunn has completed its audit of its Broadband Technology Opportunities Program (BTOP) grant.

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International bandwidth grew 39% to 138 Tbps in 2013, says TeleGeography

Growth of international bandwidth is no longer just a traditional carrier’s game, but increasingly a factor for content providers like Google, Microsoft and Facebook when expanding their internal networks. 

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Amazon agrees multi-year content deal with HBO

(Telecompaper) Amazon.com has announced a content licensing agreement with HBO, making Prime Instant Video the exclusive online-only subscription home for select HBO programming. The collection includes shows such as “The Sopranos,” “Six Feet Under,” “The Wire,” “Big Love,” “Deadwood,” “Eastbound & Down,” “Family Tree,” “Enlightened,” Treme,” early season of “Boardwalk Empire” and “True Blood,” as well as mini-series such as “Band of Brothers” and “John Adams,” among others. Previous seasons of the other HBO shows, such as “Girls,” “The Newsroom” and “Veep”, will become available over the course of the multi-year agreement, approximately three years after airing on HBO. The first wave of content will arrive on Prime Instant Video 21 May. 

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Juniper’s Q1 revenue rises 10% to $1.17B, beats estimates

Juniper reported that first-quarter 2014 revenue rose 10 percent year-over year-to $1.17 billion, slightly surpassing its expectations. The vendor initially forecast first-quarter revenue of $1.12 billion to $1.16 billion and adjusted gross margin of 6…

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China Mobile sees profit drop in “increasingly fierce” environment

Chinese operator China Mobile has reported an increase in operating revenue in 1Q14, although profit suffered as the firm struggled with cost control measures in an “increasingly fierce” environment.

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China Mobile sees profit drop in “increasingly fierce” environment

Chinese operator China Mobile has reported an increase in operating revenue in 1Q14, although profit suffered as the firm struggled with cost control measures in an “increasingly fierce” environment.

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Bahamas sets up advisory committee for liberalisation

The Bahamian government has appointed a committee of advisers from the public and private sector, headed by former financial secretary Ruth Miller, to provide guidance regarding the liberalisation of the telecoms sector, the Bahamas Weekly writes, citing prime minister Perry Christie. The PM confirmed that the government was looking to introduce a new player to the market, with Bahamas Telecommunications Company’s (BTC’s) exclusivity in the wireless sector having ended at the start of this month. Christie added that cheaper prices for services and improved services were expected to follow the launch of a second player.

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