Daily Archives: May 4, 2018

Telecom sector’s gross revenue dropped 8.5% in 2017: Trai

The gross revenue of the telecom service sector declined from Rs 279,591 crore in 2016 to Rs 255,655 crore in 2017 with a yearly decline rate of 8.56 per cent, data released by the Telecom Regulatory Authority of India (TRAI) said here on Friday. Also the adjusted gross revenue declined from Rs 198,207 crore in

China raises ZTE sanctions with visiting US trade delegation

China raised with a visiting U.S. trade delegation the issue of a ban by the United States on its companies selling components and software to ZTE Corp for seven years, the Ministry of Commerce said on Friday. Washington imposed sanctions on ZTE last month for breaking an agreement to punish employees after the Chinese maker

Facebook focuses on making AI fair

Facebook wants to ensure that its Artificial Intelligence (AI) system comes across as neutral to everyone so that nobody feels discriminated against in all the things that it does – from job recommendations to removal of posts that violate the policies of the social network. The company has built a system called Fairness Flow that

US hedge fund in showdown with Vivendi over Telecom Italia

Telecom Italia shareholders are to decide whether the activist hedge fund Elliott Management has the power to revamp the board against the controlling stakeholder, French entertainment group Vivendi. Elliott is seeking to remove five directors with strong ties to Vivendi at a meeting Friday. The battle over control of Italy’s former telecom monopoly has intensified