LightCounting has released its June 2018 Quarterly Market Update Report. Amongst the key findings, the specialist market research company cites ZTE as ‘an early casualty of the unfolding trade war’ and warns that some sales will be impacted in Q2 of 2018.

Telstra has announced a new strategy – Telstra2022 – which is designed to simplify its operations and product set in the Australian market.

AT&T has now completed its acquisition of Time Warner following a legal suit brought by the US Department of Justice to block the merger as a violation of Section 7 of the Clayton Act.

Cabo Verde Telecom and EllaLink have signed a Memorandum of Understanding to deliver subsea fibre connectivity to Cabo Verde.

Verizon Communications has named Hans E. Vestberg, executive vice president and president of global networks and chief technology officer. Vestberg will succeed Lowell C. McAdam as CEO, effective 1 August 2018. McAdam – who was named CEO on August 1, 2011, and chairman on January 1, 2012 – will serve as executive chairman of the board through his retirement from the company at the end of the year, after which he will become non-executive chairman.

Having now completed its acquisition of General Cable, Prysmian Group is launching a new organisation to begin the company’s integration.

Prysmian described the newly created group as a ‘world leader in the energy and telecom cable systems industry.’ It has global headquarters in Milan and reported sales of more than €11 billion (pro-forma as of 31 December 2017). There are approximately 30,000 employees across 112 plants and 25 research and development centres in more than 50 countries.

Gavin Patterson, chief executive at BT Group is to step down from his role later this year. The board has begun to the recruitment process for Patterson’s successor, whom the company says is expected to be in place during the second half of 2018. Until then Patterson will remain in the role.

In a statement, chairman, Jan du Plessis said: ‘Gavin has been with BT for just over 14 years and I want to thank him for his contribution to our business during that time, in particular during the almost five years that he has served as chief executive.

Virgin Media is taking legal action legal proceedings against Durham County Council, for what the provider calls a ‘blockade’ on its delivery of ultrafast broadband by asking for increased payments to access the land upon which it hoped to increase its network by laying new fibre optic cable.

Prysmian Group has now completed its acquisition of General Cable, the company has announced. Prysmian Group signed the definitive agreement to acquire General Cable at the end of last year in a deal that valued the latter at $3 billion, including debt and certain liabilities.