Romanian telco Digi is performing well in Spain. significantly increasing its number of customers and revenues. The company has announced that it now has 6.1 customers after gaining 337,000 in the third quarter, making it the fourth largest telco in the country. Year-on-year Digi’s customer basis has grown by 32 per cent, over 1.5 million, […]
Following the UK fund Zegona’s takeover of Vodafone Spain, trade unions fear a massive wave of job cuts affecting up to half of its 4,000 workers. Zegona is looking to mimic MásMóvil which, with just 2,000 workers, is producing firm results – and also the example of Euskaltel. Vodafone’s financial results show that revenues fell […]
With the growing impact of climate change worldwide and a collective commitment to achieving Net Zero by 2050, the Digital Connectivity Forum (DCF) has published new guidelines for the telecoms sector to reach net zero targets: the Telco SME Net Zero Guidance. Telecommunications in the UK currently connect 97 per cent of homes and serve […]
BEUC – The European Consumer Organisation and ecta, the European competitive telecommunications association, have expressed their concerns and observations on the current discussions regarding the future regulatory framework governing the EU telecoms sector. In an open letter, they say they are worried by statements made by the Presidency of the Council of the European Union […]
French telecom regulatory body Arcep has sanctioned telco Orange, fining it €26 million for non-compliance with the first deadline of its FTTH commitments in the AMII zone, which comprises private initiatives in moderately dense zones. Orange has responded by planning to take the State Council to court in order to overrule a sanction it deems […]
Deutsche Telekom has reported it continues to grow in all key performance indicators, and has raised its guidance for the full year and plans to pay out a higher dividend. In Q3 revenue increased by 0.7 per cent year-on-year in organic terms – i.e., excluding exchange rate fluctuations and changes in the composition of the […]
Telefónica Group has launched a takeover bid for its subsidiary in Germany Telefónica Deutschland. The Spanish group wants to acquire a futher 28.19 per cent to take full control at an estimated cost of nearly €2 billion. Telefónica Group currently has a 71.81 per cent stake in Telefónica Deutschland, one of Telefónica’s global crown jewels […]
BT has reported H1 revenue (to September 30th) of £10.4 billion (€11.9bn), in line with the prior year. Adjusted revenue was also at £10.4 billion, up 3 per cent on a pro forma basis due to increased fibre-enabled product sales, inflation-linked pricing and improved lower margin trading in Business partially offset by legacy product decline. […]
New Vodafone owner Zegona has suggested that MásMóvil resume the proposed integration between the pair – they were set to merge in 2021 and 2022 – if the merger with Orange ultimately fails, according to Expansión. Zegona considers that a possible Vodafone-MásMóvil merger would be much easier since it would not need authorisation from the […]
Swisscom, the Switzerland-based telco provider, has reported Q3 group revenue rose slightly by 0.3 per cent to CHF 8,202 million (€8.5bn), which translates to an increase of 0.9 per cent at constant exchange rates. In the Swiss core business, revenue fell slightly by 0.6 per cent to CHF 6,067 million. Revenue from telecommunications services decreased […]