Changes revealed, charges concealed
Mark Bridge writes:
Things didn’t look so bad in the mobile industry last week. After the shock of BlackBerry’s job losses and restructuring, it seemed as though the saga could be reaching a conclusion. On Monday shareholder Fairfax Financial announced a bid to buy the company. BlackBerry’s board of directors has approved the terms of the agreement, although it’s still able to consider alternative proposals as well.
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Highest proportion of complaints from T-Mobile
Ofcom’s quarterly report of complaints against major UK telecoms and pay TV providers shows an overall drop between April and June 2013, mainly due to a fall in the number of landline and broadband complaints.
It’s the regulator’s tenth quarterly report.
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HTC is selling its final share in audio product manufacturer Beats Electronics back to the company.
It bought a majority share in Beats two years ago but later sold some of its stake back to the founding members. This final deal for 24.84% of Beats is worth $265 million (£164 million), resulting in a £53 million profit.
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Following the release of preliminary quarterly figures last week, BlackBerry has published formal results for the three months until 31st August 2013.
Revenue was approximately $1.6 billion (£992 million), down 45% year-on-year.
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This week Amazon has introduced the third generation of its Kindle Fire tablets.
The Kindle Fire HDX family uses new hardware, the latest version of the Android-based Fire OS and a new ‘Mayday’ button for customer service.
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