Three major Australian telcos have been fined by the Australian Federal Court over misrepresenting the download speeds their systems offer and obligations to test such speeds to users. On their websites and in emails to existing and potential clients the three – namly Telstra, Optus Internet and TPG Internet – have been found guilty of […]
Satellite operator Thaicom’s 30-year concession to access certain orbital rights ended in September 2021. The Thai government took two satellites – half the fleet – back on September 10th 2021. In a new statement to the Thai stock exchange the satellite operator said that current major shareholder, Intouch Holdings, would sell its 41.13 per cent […]
Deutsche Telekom continues its stable growth course. Net revenue at the German telco increased by 8.8 per cent year-on-year in the third quarter of 2022 to €29 billion. Even higher was the growth in service revenues, which increased by 12.5 per cent to €23.6 billion. Adjusted EBITDA AL increased by 8.5 per cent in the […]
A consortium of funds led by Global Infrastructure Partners (GIP) and KKR has entered into a strategic co-control partnership with telco Vodafone for Vodafone’s c. 81.7 per cent stake in Vantage Towers, a leading telecoms tower company in Europe. Vodafone will transfer its stake in Vantage Towers to a holding company (Oak BidCo), which will […]
The Federal Communications Commission asked Congress earlier in 2022 for authority to make content companies such as Netflix pay into the Universal Service Fund (USF) to help subsidise Internet access for households that can’t afford it. But the economics of Internet traffic dictate that idea would backfire by raising prices for consumers and lowering the […]
Global spending on telecommunications and pay-TV services will be nearly $1.6 trillion (€1.6tn) in 2022, representing a year-over-year increase of 1.9 per cent, according to the International Data Corporation (IDC) Worldwide Semi-annual Telecom Services Tracker. The latest forecast is a bit more optimistic than the version published in May as it assumes growth in total market […]
Scottish network provider Lothian Broadband Networks Limited (LBNL) is extending its partnership with telco TV specialist Netgem by offering not only TV but also voice in addition to its ultrafast fibre broadband. This is a natural extension of the usual bundles developed for ISPs by Netgem, working alongside its partner Netsapiens – allowing LBNL to […]
BT Group Chief Executive Philip Jansen says the telco remains on the front foot in “turbulent times”. Announcing its half year results, Jansen said: “Our strategy is working, we’re executing against our plan and we’re confident that we’ll deliver our long-term ambition while underpinning economic growth in the UK. “ “Our financial performance is on […]
Liberty Global has published its Q3 2022 financial results. Mike Fries, CEO, commented: “Despite the macroeconomic challenges in Europe we clearly have a resilient business model, as demonstrated by our solid results in Q3. Connectivity remains an essential service with strong demand across our footprint for reliable and seamless access to high-quality fixed and mobile […]
Free cash flow (FCF) for European telecoms will remain constrained in 2022, according to credit rating agency Fitch’s European Telecoms Watch – 4Q22, with risks to short-term forecasts likely to be low. FCF will remain constrained as capex investments for fibre deployments, 5G mobile networks, spectrum payments and IT overhauls peak during the course of […]