4:27 am - Sunday July 21, 2019

Google shares soar `all-time high` in Q3

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Google may have nothing to fear from Europe’s stricter data protection law
Google may have nothing to fear from Europe’s stricter data protection law

London – Google has reported a profit of 2.97 billion dollars during the July -September period.

Shares in the company jumped to an all-time high in after hours trading, rising six percent to 941.25 dollars.

According to the BBC, Google boss Larry Page said that the company had another strong quarter with great product progress.

Overall, paid clicks – how much advertisers pay to place an advert – increased by 28 percent from the same time last year, and were up eight percent from the previous quarter.

However, the company’s Motorola unit continued to be a drag on the figures.

It lost Google 248 million dollars, despite the launch of the flagship Moto X phone in August.

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Telecom major Bharti Airtel on Thursday announced it has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by U.S. chipmaker Qualcomm. The company had acquired a 49 per cent stake in WBSPL in May 2012 for $165 million. At that price, the additional stake purchase would have cost Airtel an estimated $165 million, or Rs. 1,008.1 crore at Friday’s exchange rate. However, the company did not disclose the financial details of the deal. In a statement, Airtel said that it has “completed the acquisition of 100 per cent equity shares of Wireless Business Services Private Limited, which holds BWA Spectrum in the Indian telecom circles of Mumbai, Delhi, Haryana and Kerala”. Airtel acquired a majority stake in WBSPL in July by increasing its stake to 51 per cent from 49 per cent. WBSPL has spectrum that can be used for high-speed 4G services in New Delhi, Mumbai, Haryana and Kerala. Airtel has the similar spectrum in Punjab, Maharashtra, Kolkata and Karnataka. Airtel has already launched 4G services in Bangalore, Pune, Kolkata, Chandigarh, Mohali and Panchkula. Shares of Airtel were trading at Rs. 353.80, up by 1.46 per cent, in the afternoon session at BSE.

Airtel acquires Qualcomm’s 4G company

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