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Financial & PerformanceRingCentral expects Vodafone dividends in 2022
Cloud-based comms provider does not expect strategic partnership with Vodafone Business to start bearing fruit until “ beyond 2021 ”. RingCentral COO says tie-up “ on track to launch this year in multiple countries across Europe ”.
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Financial & Performance
Spend: investment taps kept open, despite pressure
New TDE CEO Gopalan to search behind sofa for capex and opex savings for fibre push.
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Financial & Performance
Headline data: COVID covered
COVID‑19 impacts figures but massively outweighed by Sprint deal and tempered in Europe by NatCo resilience. Group juggernaut rolls on as all key forecasts comfortably surpassed. Höttges goes NSFW to stress DT’s outsized strength versus atrophying European rivals.
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Financial & Performance
Guidance: all levers set to growth mode
Earnings growth expected from both US‑ and Europe-side businesses. Sprint-boosted revenue base forecast for further expansion. TMUS to fuel revival from cash flow dip.
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Financial & Performance
FY20: Deutsche Telekom taxis for cash flow take-off
DT expects post-Sprint upwelling of cash flow to begin during current fiscal year, laying basis for next phase of investments. Europe now conquered, says Group CEO as he sets sights on American leadership too. Group’s top line passes €100m with further growth expected in FY21.
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Financial & Performance
Vodafone reels in €2.3bn from Vantage Towers IPO
Proceeds to pay down Group debt. IPO share price holds steady on the Frankfurt Stock Exchange.
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Financial & Performance
Q4 FY20: New Telekom CEO wants to muscle-up on fibre
Gopalan gets top-level billing in Q4 session as leadership shows confidence in new CEO to up DT’s domestic game. Group resets fibre mega-project goals. Apparently more sustainable FTTH plan puts ultrafast as central plank of future go-to-market strategy. New entity GlasfaserPlus emerges within Gopalan toolset. ...
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Financial & Performance
Q4 FY20: Shrinking Telxius focused on serving the core
Telefónica Infra’s biggest asset demonstrates worth ahead of its sale, while the remainder of the Telxius business is primped for a possible offload. Infra set to focus on development and management of fibre InfraCos to ease Group capital demands and accelerate fibre rollout, while serving the need of ...
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Financial & Performance
Q4 FY20: Telefonica Tech still growing into its role
Telefónica Tech described as “ most resilient ” area of the business, although growth appears below initial expectations. Licensing and reselling virtualised services key growth drivers, and enterprise offerings propelling divisional growth.
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Financial & Performance
Q4 FY20: lightweight Hispam division swimming against the tide
FX once again crushes a period of robust defensive plays by Hispanoamérica operating businesses. Argentinian currency devaluation weighs heavily. Restructuring in Mexico provides a gloss to profitability for the final quarter. Management expectations moving on from a sale or spin‑out towards development an insulated asset‑light unit ...
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Financial & Performance
Q3 FY20–21: Top team turn bullish as growth returns, just
Nick Read and Margherita Della Valle claim Group set for acceleration after sneaking back into growth territory during quarter. European macro and M A questions continue to overhang claims of confidence in regional prospects, however. Amid continued talk of yet more in‑country consolidation, “ pragmatic ” Vodafone ...
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Financial & Performance
Budget 2021: BT benefits but won’t move investment dial
Chancellor Sunak eyes investment‑backed build‑back. Short term tax break to bolster BT infrastructure expansion. However, gains will be “ offset in later years ”, and no movement on BT’s number one priority — business rates relief.
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Financial & Performance
Telefónica wobbles over 2020 finish line, targets stability
Revenue and OIBDA drop 11% as double‑whammy of COVID‑19 and currency fluctuations hit. Guidance on cash flow just about achieved, while FY21 focus will be on stabilisation. Dividend reduced by 25% as COVID‑19 challenges continue, and 5G auctions loom. Telefónica Infra picking up minority stakes in ...
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Financial & Performance
Telefónica raises €1bn through sustainable bond issue
Sustainability financing includes social impact and environmental targets. Proceeds to fund fibre networks and connectivity in unserved areas.
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Financial & Performance
BT Enterprise Q3 FY20–21 — down but not yet out
Enterprise continues struggle.
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Financial & Performance
Openreach Q3 FY20–21 — what disruption?
Business as nearly normal at Openreach.
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Financial & Performance
BT Global Q3 FY20–21 — still hitting the hard numbers
Global benefits from past surgery.
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Financial & Performance
BT Q3 FY20–21 results: gone today, (hopefully) here tomorrow
Nobody obviously interested in Q3, but shares down sharply. Calendar of optimism around pandemic bounce back and fresh starts. Jansen despairingly concedes transformation will take at least five years. BT doing best to railroad Ofcom on fibre-critical WFTMR.
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Financial & Performance
Go-to-market stasis hits Talkmobile numbers
Vodafone UK’s in‑house MVNO yet to report uplift from u‑turn on customer acquisition and implementation of new platform.
