Australia's second largest telco Optus suffered a drop in profits for the quarter ending 30 June despite increasing revenue and subscriber numbers. The company's latest financial report for the quarter to the end of June this year revealed net profits for the three months dropped by 3.5% to $154 million from $160 million for the corresponding period in 2017.
The US-based global Information Technology and Innovation Foundation research and educational institute claims that joining the Information Technology Agreement — an international pact eliminating tariffs on hundreds of information and communications technology products — could boost the economies of developing countries by billions of dollars.
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