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Financial & PerformanceQ4 FY20–21 — Enterprise judders; next stop Shuter’s refit
Hybrid display of worst of Consumer and best of Enterprise. Shuter’s makeover blueprint to be unveiled at Business Briefing. Almost entirely ignored by Jansen and Lowth on analyst’s call.
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Financial & Performance
Q4 FY20–21 — Hot property Openreach unruffled as ever
Smoothly navigating fibre, pandemic and all‑IP. Gearing up to steamroll the fibre landscape. Altnets seen taking great share of Openreach fibre.
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Financial & Performance
Q4 FY20–21 — Global’s resilience sapped by pandemic
COVID-19 impact hitting more KPIs. Jansen and Lowth retain faith. Growth plans pinned on SD-WAN, managed security, and now 5G FWA.
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Financial & Performance
Q4 FY20–21 — Consumer’s sporting chances
Pandemic is serialising Consumer’s A Tale of Three Brands in quarterly instalments. Two steps backward: premium vision at odds with painful realities of ARPU and competitive reality. 2021 bounce (and digitalisation progress) cannot come soon enough, but growth seen backloaded. Latest FTTP chapter set to ...
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Financial & Performance
Q1 FY21: final coronavirus quarter packs a punch
Spain and Germany OBs stabilise as first wave of coronavirus shocks works its way through results. Vivo displaying underlying strength, but currency fluctuations continue to turn positives to negative. With strong returns on falling revenue O2 UK bows out as a ‘core four’ market Hispam edges back ...
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Financial & Performance
Q1 FY21: resilience building for slimmed down division
Telefónica upbeat on commercial performance in tough markets but contributions to Group coffers continue to shrink on weak currencies. Argentinian OB making a comeback. Mexican MVNO model yet to translate into improved financial performance. Chile and Colombia among the OBs seeing success with a pursuit of ...
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Financial & Performance
DT’s top team drops €4m on shares
Leadership puts money where its mouth is following ambitious mid-term strategy update. German operator seeking to boost T‑Share perceptions and align with T‑Mobile US’ rising valuation.
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Financial & Performance
Q4 FY20–21: Vodacom turns to M&A to turbo-charge change
Fibre expansion back on as Vodacom steps up diversification plans . Operator negotiating potential strategic partnerships across infrastructure assets, as it develops own take on Vodafone’s leaner and lighter TechCo vision . South African group-within-a-group being offered greater freedom by Vodafone than increasingly tightly-controlled businesses in ...
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Financial & Performance
T‑Systems turnaround match goes to a replay
Patience again called for as T‑Sys presents COVID‑19 -afflicted medium-term figures. Chief Al‑Saleh wins postponement of positive cash flow target to FY23 as he seeks to realign T‑Sys for new normal. More cost cuts coming in IT, infrastructure, and staff as T‑Sys seeks to meet expanded savings ...
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Financial & Performance
Q4 FY20–21: Vodafone Group goes off thrift script in Read ‘phase two’
FY20–21 presentation sees reins eased off investment, but to an unknown degree, and with a focus on select target areas within leadership’s comfort zone . Increasingly dominant German operations to get a capex boost, along with ever-expanding central functions. Announcement of strategy tweak falls on stony ground, ...
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Financial & Performance
Q4 FY20–21: Vodafone Group lines up for NextGenerationEU subs
Leadership pins hopes on European Union twelve-figure cash injection to breathe new life into troubled Mediterranean markets. Group prepping its own capex uplift in tandem with EU’s, but focus is primarily on German ‘safe zone’. While operator is positive on European prospects, little is offered to convince ...
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Financial & Performance
Vodafone Q4 FY20–21 headlines: footing regained and Group ready for climb
Top execs keen to portray Vodafone as ready for bounce-back. Top-line recovery remains Africa- and Germany-centric. Signs domination of efficiency drives may have run course and revenue base needs a boost.
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Financial & Performance
Vodafone Q4 FY20–21 guidance: capex bill causes pushback
Group opens up with medium-term growth commitments. However, City analysts appear irked by cash flow uncertainties stemming from spend to fuel that growth.
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Financial & Performance
Vodafone Q4 FY20–21 spend: a rare loosening of the purse strings
Leadership keen to assure that RoI will dictate where capex flow is directed. Lack of opex focus suggests digital efficiencies programmes could be in for a reboot.
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Financial & Performance
Mystery of Telefónica’s vanishing digital revenue as Tech takes off
Hard‑fought progress at the start to the year looks set to provide a base to hit guidance, with management seeming open to improving outlook as the year progresses. Group keeping its options open on monetising Hispanoamérica interests and its fibre infrastructure in Europe. Telefónica Tech is open ...
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Financial & Performance
Destination: new BT; ETA 2026
Jansen again evangelising glorious digital future: five‑year timescale reiterated, with promises of peak fibre investment passing and financial nirvana arriving. Stability predicted for FY21–22. Investors more interested in gruel on today’s menu rather than jam promised tomorrow. The court of public opinion may ultimately rule on ...
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Financial & Performance
RingCentral 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.
