All Financial & Performance articles – Page 8
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Financial & Performance
Telefónica adds €750m to growing sustainable bond bank
Group takes total financing raised through sustainability-linked bonds to €3.25bn over two years. Funds ringfenced for legacy network upgrades and rural connectivity builds in Germany, Spain, and (potentially) Brazil.
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Financial & Performance
Openreach accelerates provisioning to leave rivals in starting blocks
CEO Clive Selley on fibre build: phase one is “done”; now onto “selling and populating” stage. Bullish Business Briefing shows Openreach determined to establish its ‘fibre franchise’ as a marketplace while rivals strive for scale. Build process moving towards cruise control with Openreach cornering the market in skills.
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Financial & Performance
Vodafone: DT and Orange are ‘credible’ tower merger partners
Read confirms either of Vodafone’s big European rivals could end up being an ally as noise continues to increase around an “industrial merger” for Group’s Vantage Towers business.
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Financial & Performance
Accenture taps into DT’s tech revamp with ERP takeover
DT CEO highlights “specific” outsourcing move as an example of Group’s progress and focus on cost reduction. Deal forms part of €100m–€200m IT value chain recalibration DT planning by FY24. Q3 results see DT continuing US-led growth, raising guidance on back of revenue and cash flow boost.
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Financial & Performance
Safaricom confident on Ethiopia despite ‘staff evacuation’
Staff safety and security a priority in Ethiopia, says Safaricom’s Peter Ndegwa, but progress remains on track despite distractions. Break-even forecasts braced for impact of conflict. Employees evacuated from Addis Ababa, according to reports.
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Financial & Performance
Telefónica prescribes digitalisation as Europe’s inflation antidote
Telefónica’s Argentinian inflation battle shows digitalisation value in markets facing cost challenges. Group management also seeks to ease qualms over rising energy costs and wage inflation in Europe through digitally driven efficiency drive.
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Financial & Performance
Telefónica passes €1bn in shape shifting Tech push
Telefónica Tech division hitting €1bn in annualised revenue flagged as a highlight in Group’s Q3 results presentation. Growth business’s expansion still being significantly driven by M&A, obscuring ‘organic’ progress. Operator maintains rebound from pandemic with growth in earnings and revenue, and confirmation of guidance.
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Financial & Performance
T-Mobile rides cyberattack storm
Operator’s Q3 numbers indicate few customers ditched its services in wake of high-profile data breach in August. Competitor exploitation of Sprint integration challenges highlighted as bigger issue, albeit one T-Mobile intends to make “short-lived”. T-Mobile highlights organisational and cultural changes in response to attack.
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Financial & Performance
Tesco Mobile results: JV shines positive light on challenging period
Mixed bag for joint venture throughout UK lockdowns. “Highly competitive” twelve months sees operating profit rise 20%.
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Financial & Performance
BT highlights cost-cutting progress as Drahi waits in wings
Group confirms it has achieved its headline £1bn savings target well ahead of original March 2023 deadline. Announcement is an attempt to display strengths ahead of this week’s Q2 results and in the face of potential Altice takeover bid before the end of the year.
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Financial & Performance
Hrvatski Telekom continues to eye regional M&A
Croatian operator sees an uptick in business during summer months, leading to raised forecasts. Management remains keen on building HT into a regional telco/IT business, saying dealmaking opportunities are being monitored.
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Financial & Performance
Vi AGR appeal torpedoed; Birla seeks to jump ship
Vi challenges Supreme Court decision to stick with DoT’s AGR liability calculation. Vodafone’s junior partner Kumar Mangalam Birla resigns as Vi Chairman shortly after India’s top court sides with DoT. Vi CEO Takkar claims private investors are more put off by India’s floor pricing than AGR dispute.
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Financial & Performance
Telefónica’s alarms JV accelerates sales
Partner Prosegur sees JV outpacing growth of its standalone alarms business. Security group open to alliances in areas where it is not already present.
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Financial & Performance
Vodafone, ABG keep funding taps closed for beleaguered Indian JV
Vi shareholders wash their hands of JV’s plight. Insist that private investment is the only way for Vi to remain going concern. Vi CEO Ravinder Takkar claims private investors are more put off by India’s floor pricing than AGR dispute.
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Financial & Performance
BT Q1 FY21–22: another toughie, but with promise(s)
Q1 reiterated as a road to a recovery that will materialise in H2. Consumer reviving but Global eponymously damned. Microsoft deal more than slideware. Virgin Media–O2 FTTP investment could be a backhanded compliment and gift to BT.
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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
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
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 Group infrastructure as ...
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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.