Telefónica’s redundancy plan will finally affect 2,418 workers at a cost of €1.4 billion. It represents 81 per cent of the total planned dismissals (2,982), and is lower than the previous redundancy plan in 2019. The Spanish telco will pay 68 per cent of the salary for those dismissed who were born in 1967 or […]
A report by the European Audiovisual Observatory aims to shed light on the structure of the AV industry in Europe in terms of revenues as well as other performance indicators specific to key audiovisual market segments. The analysis provides snapshots of the top AV players and explores concentration, statute, and origin of ownership by revenues, […]
4iG is expanding its telecom portfolio in the Western Balkans region, after entering into a definitive sale and purchase agreement to acquire an 80.27 per cent stake in ALBtelecom from Cetel Telecom, a majority-owned subsidiary of Turkey’s Çalik Holding. The Albanian state will continue to exercise its minority ownership rights in the company through the […]
Researchers at Analysys Mason (AM) says the gaming sector will see more direct activity from major telcos. AM predicts that 2022 will see operators diversifying their strategies to try and capture a slice of the $180 billion being generated by gaming businesses. Martin Scott, lead analyst for AM’s media and pay-TV research division believes that […]
BT Group has launched a new business-wide plan to focus and accelerate its efforts to build a better business for its customers, the economy and society at large. BT Group says the new manifesto outlines the action the business is taking, and the measurable commitments it has put in place, to create greater impact with […]
BT has opened its new global headquarters in Aldgate, London, as part of the telco’s ongoing root and branch transformation programme, which includes its offices across the UK. The building, known as One Braham, has now opened with nearly all colleagues already working from the site. Housing around 3,500 colleagues, the new HQ will be […]
Orange Belgium is in negotiations with Nethys for the acquisition of 75 per cent of VOO – a telco that owns the cable network in the Walloon region and part of the Brussels region. VOO offers a portfolio of fixed and mobile telephony, broadband Internet and television services. Following a competitive selection process, Orange Belgium […]
Leichtman Research Group findings suggest that the largest cable and wireline phone providers in the US – representing about 96 per cent of the market – acquired about 630,000 net additional broadband Internet subscribers in Q3 2021, compared to a pro forma gain of about 1,525,000 subscribers in Q3 2020, about 615,000 in Q3 2019, […]
Millicom has signed an agreement to acquire the remaining 45 per cent equity interest in its joint venture businesses in Guatemala (collectively, ‘Tigo Guatemala’) from its local partner for $2.2 billion (€1.9bn) in cash. As a result, Millicom will own a 100 per cent equity interest in Tigo Guatemala. The transaction is expected to be […]
Research has revealed that, on average, European telcos plan to invest £16 million (€18.5m) in tech and service development over the coming three years. The research, carried out in the UK, France and Germany on behalf of telecoms technology company Telness Tech, found that virtually all telcos (97 per cent) pledged to make immediate investments […]