All Financial & Performance articles – Page 9
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Financial & PerformanceVi eyes $2bn cash injection
Reports suggest Vodafone’s Indian joint venture will announce funds from a consortium of investors imminently. Fundraising initiative began in September to ease Vi’s debt burden, with 4G expansion also expected to get a boost.
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Financial & PerformanceTelefónica Group Q3 FY20
Worries persist about Group debt, a tanking share price, and continued exposure to troubled LatAm markets, but Telefónica insists that €100bn of assets on the balance sheet that could be monetised should calm nerves. “Double dip” challenge of pandemic and FX fluctuations acknowledged by management, but Group positioned as ...
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Financial & PerformanceOpenreach fibre thrives but volume deal prospects fade
A strong quarter and half-year for the access services business demonstrates building momentum for fibre services in the face of the pandemic. Anticipated long-term volume deals may not materialise, but associated competitive pressure may help BT arguments on the need for a ‘fair bet’ from Ofcom.
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Financial & PerformanceBT cash to take a hit on Brexit and Huexit stockpiling
An improved earnings forecast at BT is not expected to generate more cash as the operator buys up Huawei gear ahead of the 5G ban. Ericsson highlights its own efforts to ensure it can meet BT’s needs in uncertain times ahead.
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Financial & PerformanceJio turns into Vodafone Idea’s worst digital nightmare
Massive Google investment underscores both Jio’s domination and its ambition to develop wide range of popular digital services. Who’s Who of foreign investors, which includes digital-savvy Facebook, now accounts for nearly a third of Jio Platform equity. Vodafone’s long-term outlook in India looks even more perilous than before, after ...
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Financial & PerformanceONS data errors reshape UK telecoms landscape
The Office for National Statistics new methods marks change for the past 20 years’ price decline, but promise more accurate inflation and GDP readings. Change backs telcos’ claims that they are meeting demands of ‘more for less’ in tougher circumstances than assumed.
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Financial & PerformanceVodafone Idea down to third spot in Indian mobile
Airtel moves ahead of troubled joint venture, which has jettisoned more than a quarter of its wireless subscriber base since being formed.
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Financial & PerformanceSAP called in as BT addresses “material weakness” in reporting
Ongoing inadequacies in financial controls have resulted in BT submitting its consolidated accounts with caveats. IT system weaknesses, and insufficiently robust review of elements of financial information are the source of concerns. Governance and compliance solutions from SAP have been flagged as supporting greater resilience for the Group’s future ...
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Financial & PerformanceTelefónica talks up increasing digital relevance
Group believes seismic societal change will emphasise the relevance of emerging digital services. However, in recent months the rate of growth has been slowing, not accelerating. Corporate digitalisation still where the money’s at for Telefónica, with changes in the consumer market focused more on updating sales channels and improving ...
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Financial & PerformanceVodafone Idea loses leadership in all three Metros
Indian JV relinquishes last urban stronghold and set to lose second spot overall.
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Financial & PerformanceTMUS’ Sievert: AT&T and Verizon privately fought Sprint merger
Q1 call sees new CEO Sievert riff on familiar Legere-era themes, taking aim at rival duo on pricing and service. COVID-19 impact still being assessed, but mixed. TMUS responds with operational “re-evaluation” but cites commercial upside too. Sprint merger: buying economies being accelerated, brands to be melded to support ...