According to UK digital infrastructure provider Openreach, its roll-out of Full Fibre technology saved £10 million (€11.6m) in build costs in Fiscal Year 22/23, while extending Full Fibre broadband to remote communities that were previously out of commercial reach. The company is deploying ‘SHE’ (Subtended Headend) where new fibre-optic cables can be built out from […]
e&, previously known as Etisalat, has acquired a controlling stake in PPF Telecom Group’s assets in a transaction valued at €2.15 billion – with additional earn-out payments of up to €350 million within three years after closing of the deal if PPF Telecom hits certain financial targets. There is a clawback of €75 million if […]
Improved rural connectivity could boost the UK economy by £65.1 billion (€76bn), new economic modelling from economics consultancy the Cebr for multiplay telco Virgin Media O2 has found. The report, The Great Rural Revival, addresses four sectors central to the UK’s rural economy – tourism, agriculture, manufacturing, and small businesses – and finds connectivity improvements […]
BT Group has appointed Allison Kirkby as its next Chief Executive, taking over from Philip Jansen in January 2024. Kirkby has been a non-exec director of BT since 2019. Kirkby has served as President & CEO of Telia Company since early 2020. Telia, headquartered in Sweden, is the market leading digital communications and telecommunications provider […]
UK telco BT has issued a trading update for the three months to June 30th 2023, with Philip Jansen, Chief Executive, commenting: “We’ve made a strong start to the year, in what remains a very competitive market, with improved customer satisfaction, pro forma revenue growth in all of our business units and pro forma group […]
UK telecoms and broadcast regulator Ofcom has published the latest figures for complaints received about the UK’s main landline, mobile, broadband and pay-TV providers. This latest quarterly report covers the period from January to March 2023. During this period, complaints to Ofcom increased slightly on the previous quarter (October to December 2022), with slight increases […]
SK Telecom, Deutsche Telekom, e& and Singtel have formed the Global Telco AI Alliance designed to create a new customer experience and make a difference in the lives of global citizens using AI technology. The four members of the Global Telco AI Alliance agreed to make joint efforts to accelerate AI transformation of the existing […]
Iridium Communications, despite going through a Chapter 11 bankruptcy some 20 years ago, has in general since gone on from strength to strength. However, its second-quarter numbers reported a loss of $30.7 million (€27.6m) when analysts were expecting profits. Its shares fell 13 per cent on July 25th. Iridium is a pioneer in providing satellite-based […]
Liberty Global has announced its Q2 2023 financial results, with CEO Mike Fries stating: “We saw improved sequential Adjusted EBITDA performance in Q2, underpinning the confirmation of all full-year guidance targets across our core FMC operations. Demand for reliable high-speed connectivity remains strong and despite communicating price adjustments across our footprint, we delivered broadly stable […]
UK multiplay operator Virgin Media O2 has released its Q2 results which show that its fixed network rollout accelerated with 175,500 additional homes serviceable. Its 5G services are now available in over 2,800 towns and cities. Lutz Schüler, CEO of Virgin Media O2, said: “As we navigate a tough economic climate, we have a clear […]