All Corporate articles – Page 7
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Deutsche Telekomwatch roundup — June 2020
Deutsche Telekomwatch roundup — June 2020 Source: Deutsche Telekomwatch #94 Group Partnerships MobiledgeX, Deutsche Telekom’s edge computing platform spin-out, unveiled what it called a “demand-side” initiative, branded Seamster. The aim, said MobiledgeX, was to capture and model enterprise use-cases surrounding 5G and edge computing, and accelerate ...
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Vodafone Q4 FY19–20 management update: staying the course, post-coronavirus
Read infers Group is better placed, post-Colao for economic downturn. Della Valle confirms new, AT Kearney-inspired €1bn cost-cutting plan, after trailering move in late-2019. No disruption to Read’s M&A overhaul, beyond Egypt. Targets hit but glitchy performance, both at OpCos and Vodafone Business.
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Deutsche Telekom switches up BT board presence
BT confirmed that DT CEO Höttges will resign from the BT Group Board, to be replaced by T-Sys CEO Adel Al-Saleh.
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BT continues board refresh
Two appointees with substantial banking and government oversight experience joining ahead of 2020 AGM, as old guard steps away.
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BT reviews senior leadership pay
A change in remuneration policy currently under review, potentially restricting pension allowances.
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Al-Saleh retained for next phase of T-Sys reboot
CEO gets a two-year extension as results hold up during overhaul. Deal positions 2022 as target year for emergence of revamped T-Sys. Cash flow production remains the big unticked box. DT confirms coming extraction of division’s network activities.
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Deutsche Telekom Trust pulls away from Ströer SE & Co
Deutsche Telekom Trust (DT Trust), an asset manager for DT’s corporate pension schemes, reduced its stake in outdoor advertising company Ströer SE & Co from 11.3% to 10.1%, reinvesting the proceedings of the sale into other trust assets.
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Strategy & Change
Telefónica steps up response to coronavirus crisis
Group-wide commitments made to maintaining network capacity in light of changing demand. Cisco and Microsoft partnerships enabling additional enterprise customer support. Consumer benefits include temporary free content and information access, and leeway on data use. Cooperation with public administrations and local rivals seen across the Telefónica footprint.
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Telefónica’s FY19: building a hybrid engine for a juggernaut
Targets on profit and revenue for the year achieved, but Group now guiding for a period of ‘low and slow’ progress on key financial metrics. While financial growth looks hard to come by, Álvarez-Pallete is aiming to create a higher purpose for Telefónica and drive engagement with his transformation ...
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Deutsche Telekom expands scope of B2B reorg
Acronyms scrambled again as Group leadership pushes through B2B tidy-up. Leadership targets political battles between TDE and T-Sys. DT’s B2B focus remains somewhat fragmented.
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Strategy & Change
Vodafone's Read talks up tower power (again)
Germanisation of Vodafone continues with choice of Düsseldorf for TowerCo HQ. CEO continues to push for improved asset utilisation in mobile networks, plus sales opportunities. Sharing developments in Germany, India, Italy, Portugal, and UK.
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Telefónica IoT lauded by Gartner
Telefónica IoT was named a Leader for the sixth successive year in Gartner’s 2019 Magic Quadrant for IoT Connectivity Services, Worldwide report.
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Telefónica updates its CTIL oversight team
In January 2020, Telefónica Group refreshed its representation on its UK infrastructure-sharing joint venture (JV) with Vodafone UK, Cornerstone Telecommunication Infrastructure Limited (CTIL).
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Simon Lowth buys 425,000 BT shares
BT CFO Simon Lowth and Mary Lowth purchased shares in BT Group to bring his total shareholding to 165% of salary.
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Deutsche Telekom’s Gopalan meets Premier as exit speculation intensifies
DT board, Romanian Prime Minister discuss potential sale of TR. United Group solidifies as potential buyer seeking to extend reach, following recent Bulgarian acquisition.
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Strategy & Change
Magyar Telekom offloads property portfolio
MT sold its Budapest headquarters as part of extended portfolio re-jig.
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Álvarez Pallete into 5th gear on Telefónica transformation
‘Big Four’ operating businesses of Brazil, Germany, Spain and UK to be the focus of the Group, with Latin America operationally isolated, and potentially spun-off. New divisions Telefónica Infra and Telefónica Tech created. The former handling physical assets with Telxius as its cornerstone, while Telefónica Tech will drive commercial ...
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Openreach delays on-boarding full-fibre know-how
Openreach stalls boardroom re-jig to add more full-fibre expertise amid concerns of growing BT influence. Strategic thinker Sherman considered a risk to Openreach independence by key CP customers, although Ofcom management said to be on board.
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Vodafone Group Q2 FY19-20: Duo double down on reforms
Leadership reach for scalpel again; new savings plan in pipeline and asset sales remain high on agenda. Debt increase stresses diminishing cash wiggle-room; focus remains on cash flow improvement. Patchy Q2 trends: major OpCos spluttering, but Group inches back into growth.
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O2 Germany creates unified CTIO role
Mallik Rao now succeeds both Cayetano Carbajo Martin and Guido Eidmann. Germany follows suit from Group, with unified role.