Internet News

Altice USA CEO calls for fixed-wireless consolidation in the U.S.

Altice USA Chief Executive Officer Dexter Goei called on Wednesday for the consolidation of fixed and wireless telecoms businesses in the United States....

Exclusive: Snap reveals U.S. subpoenas on IPO disclosures

The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday....

Netflix tests cheaper mobile-only plan in Malaysia

Netflix Inc is testing a mobile-only subscription plan in Malaysia priced at roughly half its current basic plan in the country, the global leader in video streaming said on Wednesday....

Doubts over China online sales of group tours to South Korea

Chinese online travel agency Ctrip on Wednesday resumed offering group tours to South Korea on its platform but the packages were later pulled from the company's website, Yonhap news agency said....

Online ad group Criteo confident it can remain independent

Online advertising and technology company Criteo expressed confidence it could continue to operate on a standalone and independent basis, even as tech start-ups get targeted by bigger, more established companies....

Verizon looks to expand 5G home broadband offering

Verizon plans to target a broader audience for its new 5G home broadband product following the adoption of global standards for the technology, CFO Matthew Ellis said on Wednesday....

AT&T CFO cautions on how quickly 5G revenue will come

AT&T is upbeat on long-term revenue prospects for 5G services but expects it to take years before 5G-enabled devices predominate, CFO John Stephens said on Wednesday....

Germany's Merkel sees digital tax proposal by December: media report

German Chancellor Angela Merkel said a European Union digital tax would be proposed at a meeting of EU finance ministers in December at the latest....

Spotify launches in the Middle East and North Africa

Spotify, the world's most popular paid music streaming service, officially launched in the Middle East and North Africa on Tuesday....

Cathay Pacific executives grilled over data breach 'crisis'

Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled the incident....

Amazon picks New York City, Washington D.C. area for new offices

Amazon.com Inc picked America's financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C....

Cloud security firm Netskope raises $169 million , valuation tops $1 billion

Cloud-security firm Netskope said on Tuesday it has raised $169 million in a deal that will help fund global expansion and pushed its valuation over $1 billion....

Brazil's Movile says it has raised $500 million for its iFood delivery app

Brazilian technology firm Movile on Tuesday said it had raised $500 million of fresh funds for its iFood app, aimed at making it one of the world's biggest players in the meals delivery market....

German officials sound China alarm as 5G auctions loom

Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country's 5G infrastructure amid concerns this could compromise national security....

CEO of Walmart's India venture resigns after sexual assault accusation: source

The chief executive of Flipkart Group, Walmart Inc's Indian e-commerce business, resigned following an internal probe into accusations of "serious personal misconduct," Walmart said Tuesday....

Nigerian firm takes blame for routing Google traffic through China

Nigeria's Main One Cable Co took responsibility on Tuesday for a glitch that temporarily caused some Google global traffic to be misrouted through China, saying it accidentally caused the problem during a network upgrade....

Factbox: Amazon to get billions in breaks for HQ2 development

Amazon.com Inc said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City's Queens borough and a Northern Virginia suburb of Washington, DC....

Amazon to announce investments in NY, Virginia, Nashville: source

Amazon.com Inc is announcing on Tuesday a major investment in Nashville, Tennessee along with confirming it is adding two new headquarters in New York and northern Virginia, a person briefed on the matter said....

Flipkart CEO Bansal resigned after sexual misconduct claim: source

The investigation into Flipkart Group chief Binny Bansal that led to his resignation on Tuesday stemmed from an allegation of sexual assault that dates back a few years, a person familiar with the matter told Reuters....

China scours social media, erases thousands of accounts

China's top cyber authority has scrubbed 9,800 social media accounts of independent news providers deemed to have posted sensational, vulgar or politically harmful content on the Internet, it said late on Monday....

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