All Capex (capital investment) articles
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Partnerships & AlliancesOrange ties with Synamedia to extend CDN platform
Telco aims to give content providers a simplified way to extend their reach through integration with Synamedia’s platform. The deal comes as Orange plots a strategic shift in its CDN approach…
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Suppliers & SCMVodafone’s buying platform signs up Nomia for ‘strategic’ tail spend management
Vodafone Procure & Connect has enlisted Bell Integration spin-out Nomia to manage its tail spend with a view to turn the ‘tactical’ procurement into a ‘strategic’ asset…
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Financial & PerformanceTPG: Vodafone up for £360m windfall as Oz outpost splashes the cash
Following the multi-billion-dollar sale of its fixed assets, TPG Telecom is initiating a major capital return. The “novel and complex” AUD 3bn plan is designed to reward major shareholders while courting minority investors and improving the telco’s stock exchange and credit profile. It also boasted a cracking H1…
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Network & InfraBlow for Vodafone as Türk Telekom secures 25-year fixed infra licence extension
State-controlled telco extends fixed infra concession, committing $20bn into network expansion and improvements over next 25 years. Renewal runs counter to rival Vodafone Turkey’s calls for greater collaboration in sector. Investors not impressed by stressed leverage, either…
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Deep DiveLegendary corporate raider reveals 3% Vodafone stake
Deep Dive: Following Liberty Global’s sharp exit, billionaire Martin Ebner has emerged as a prominent shareholder. The investor, known for forcing major change at Swiss firms, is now fourth on the shareholder roster, leaving the market to ponder the activist’s next move.
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Financial & PerformanceGuidance: Telefónica enjoys FY25 free hit
Telefónica confirms it is on course to meet FY25 guidance, although current goals offer limited visibility into Group’s financial or strategic outlook, amid ongoing wait for completion of strategic review…
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Financial & PerformanceTelefónica Q2 spend: copper maintenance drops off the bill
Telefónica’s home market OB gains the spotlight for cost efficiency efforts linked to completion of copper shutdown during Q2…
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Financial & PerformanceQ1 In depth: BT boss claims ‘solid start’ despite shaky numbers
Q1 FY25–26: CEO Allison Kirkby persistent in long term strategy, but first quarter results put things in perspective. BT Business the usual headache; BT Consumer finds positives despite the headlines; and Openreach cements its reputation as a resilient source of resilient good news…
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Financial & PerformanceQ1 guidance: UK on track to deliver earnings boost
Q1 FY25–26: combined VodafoneThree is performing as expected in its first few months, giving Group management confidence in FY forecasts.
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Financial & PerformanceQ1 spend: Vodafone stays the course on capex total and mix
Q1 FY25–26: market by market capital allocation untouched, and management ‘very happy’ with current setup’s capacity to leverage strengths. Asset sales in Europe has given the Vodafone ‘strategic flexibility’, which may open options for greater investment under the next CFO…
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M&AVodacom welcomes antitrust reversal as fibreco deal revived
Maziv merger, which will see Vodacom take a 30% stake in a standalone South African fibre operator with Vumatel and Dark Fibre Africa, now back on the table after remedies appease Competition Commission.
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OperationsVodafone’s plan to keep up with AI through democratisation, value-hunting
DTW Ignite: Vodafone execs discuss AI adoption at scale, raising concerns that the technology is moving ‘too quickly’, but confident that the group’s overriding strategic direction will enable it to keep ahead of the curve.
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Financial & PerformanceTelefónica Q1 spend: thrifty group nears single-digit intensity
Drops in capex and capital intensity re-emphasise Telefónica’s lead over many European telco peers when it comes to moving into new, more outlay-light era…
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Financial & PerformanceVodafone FY24–25 spend: investment on the rise
Capex jumps 8% after a drop-off, with network investment among the priorities. Troubled German OpCo maintained spend despite losing €1bn from earnings in two years…
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Network & InfraEurope’s edge ambitions: IPCEI CIS pump-priming AI, cloud sovereignty at regional scale
In depth: As the EU intensifies efforts to foster sovereign, multi-provider edge cloud, IPCEI CIS emerges as a cornerstone for regional AI and digital infra via 8ra initiative with around €8bn of public-private investment. Including insights from Orange, DT, other industry leaders…
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Financial & PerformanceDT Q1 FY25 Spend: more AIs in pipeline as DT ramps digital diet
Q1 FY25: Leadership stresses need to up delivery of cost-focused tech initiatives as commercial growth becomes harder to come by, and DT’s investment requirements remain.
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M&AVodafone, Three complete UK merger to create ‘multi-dimensional’ mobile leader
Combination creates new UK mobile top dog with more than 27 million subscribers. Vodafone’s Margherita Della Valle has declared her European reshaping programme as ‘complete’ as the Group locks in VodafoneThree’s financial plans…
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Network & InfraEnduroSat fuels European, US expansion with fresh Founders Fund backing
Bulgarian satellite manufacturer and operator seeks to ramp up production of its next-generation Endurance constellation, after closing a €43m financing round led by the USA’s Founders Fund.
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Network & InfraTelefónica says adios to copper after completing switch-off
Spanish operator is officially in post-copper era after switching off its last legacy exchanges, putting it in pole position among European telcos to benefit from capex and opex savings.
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Financial & PerformanceBT Consumer returns to multi-brand approach to ‘defend and win’ against altnet incursion
FY24–25: BT CEO Allison Kirkby has found an ally in new Consumer boss Claire Gillies as they work to undo ‘underweight investment’ in BT and Plusnet brands of recent years. U-turn on New EE strategy sees multi-brand approach ‘reactivated’, regional campaigns to beat local altnet competition…