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 […]

UK telco BT and low-earth orbit (LEO) satellite company OneWeb, in partnership with the UK government, are now delivering high-speed, low-latency Internet connectivity to Lundy Island, North Devon, providing it with reliable connectivity for the first time. Sitting 19 kilometres off the coast of North Devon, Lundy is the first real-world example of how BT […]

Nokia, the Finnish multinational telco, and consumer electronics corporation, has reported Q2 revenue declined 3 per cent to €5.7 billion in Q2 2023, with operating profit going down 12 per cent from €714 million in Q2 2022 to €626 million euro in Q2 2023. As announced on July 14th, Nokia now expects full year 2023 […]

Telenor, the Norwegian multinational telco, has reported Q2 service revenue of NOK 15.8 billion (€1.42bn), an increase of NOK 0.8 billion or (5 per cent) compared to the same period last year. On an organic basis, service revenues increased by 4 per cent. EBITDA before other items was NOK 8.8 billion and increased by 4 […]

Telia Company, the Swedish multinational telco, has reported that Q2 revenue increased 4.5 per cent to SEK 23,297 million (€2,031.9m) and like for like, revenue increased 2.2 per cent. Service revenue increased 4 per cent to SEK 19,914 million and like for like, service revenue increased 1.9 per cent. For the Telco operations, service revenue […]

As of Q1 2023, global fixed broadband connections reached 1.377 billion, reflecting a growth rate of 1.59 per cent compared to Q4 2022, according to broadband data specialist Point Topic, who also recorded a decline in fixed broadband subscriptions in 18 countries, which mainly include emerging markets, as well as some saturated markets such as […]

The UK’s rollout of gigabit-capable broadband and 5G connectivity would benefit from improvements in communication, collaboration and consistency between local authorities and the telecoms industry, according to a new report, Local Authorities as Connectivity Enablers, produced for the Digital Connectivity Forum (DCF), the leading advisory body to the UK Government on connectivity, by the consultancy […]

Tele2 has announced its consolidated results for Q2 2023. The Sweden-based multi-national telco reported end-user service revenue of SEK 5.3 billion (€0.46bn) increased by 4 per cent organically compared to Q2 2022 due to strong performance in the Baltics and Sweden B2B. Total revenue was at SEK 7.2 billion, up 3 per cent organically compared […]