Shares in UK telco TalkTalk plummeted after it warned on profits and said it would cut its dividend, while it looks to raise £200 million from investors to shore up its balance sheet and fund a new fibre broadband rollout. The company said full-year earnings before interest, tax, depreciation and amortisation would now be £230 […]
According to Paolo Pescatore, VP, Multiplay and Media, CCS Insight, BT’s Q3 results indicate a “somewhat challenging” quarter for the company, especially for Global Services. Reported revenue was down 3 per cent to £5.97 billion (€6.8bn) and underlying revenue down 1.5 per cent. “Worrying times for the consumer unit, with another quarter of line losses […]
International digital entertainment group Modern Times Group (MTG) has agreed to accept a €2 billion bid from Danish telco TDC that will see it merge its Nordic Entertainment and MTG Studios businesses with TDC Group, in order to create what the pair say is Europe’s first fully-convergent media and communications provider with an enhanced and […]
Openreach, the infrastructure subsidiary of BT, has launched a ‘fibre first programme’ – which it says starts a potentially huge upgrade of critical UK infrastructure. ‘Potentially’ as it seems to be making its commitment conditional on ‘a supportive public policy and regulatory environment that encourages infrastructure investment.’ It also called for the support of broadband […]
Vodafone Spain increased its subscribers in the third fiscal quarter (October 1st – December 31st 2017) but its total revenues remained almost flat. The company’s revenues grew by 0.3 per cent to €1.2 million. The number of subscribers significantly grew –mainly for its convergent package Vodafone One with a gain of 45,000 subscribers against the […]
Telefónica, Vodafone and Orange are hiking the prices of their convergent packages in an attempt to get higher revenues. The combination of low cost promotions and the high bill they’re paying for football TV rights is driving them down a dead end in terms of profitability. To mitigate this, they increasing prices by up to […]
Telenor, the Norwegian multinational telco, has reported that full year revenues increased by 1 per cent to NOK 32.1 billion (€3.36bn). In a statement, the company said: “In 2017, Telenor delivered a solid set of results due to strong execution from across the company and continued follow-through on efficiency measures and our strategy. We met […]
The UK Government has delivered on its manifesto commitment to extend superfast broadband to 95 per cent of the UK by the end of 2017, DCMS Secretary of State Matt Hancock has revealed. Figures published by www.thinkbroadband.com have confirmed that more than 19 out of 20 UK homes and businesses now have the opportunity to […]
Georgian multiplay telco Silknet has acquired Geocell, the second-largest mobile telecommunications operator in the Republic of Georgia from Geocell’s shareholders, Telia Company and Turkcell in a $153 million (€123m) transaction which combines Silknet’s broadband, pay-TV and fixed telephony operations with Geocell’s mobile operations, creating a major convergent telecoms company. The acquisition will be financed through […]
Randall Stephenson, AT&T Chairman and CEO, says that Congressional action is needed to establish an ‘Internet Bill of Rights’ that applies to all Internet companies and guarantees neutrality, transparency, openness, non-discrimination and privacy protection for all Internet users. Writing an open letter published on the AT&T website, Stephenson notes that Government rules for the Internet […]