Financial & Performance – Page 6
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Financial & PerformanceBT Consumer promises long-term growth revenue, but where from?
H1 FY24–25: Consumer suffering a hangover from several years of inflation‑fuelled excess, but expects to regain health before year is out…
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Financial & PerformanceSafaricom takes hit from Ethiopia biz but stays upbeat on long-term potential
More tumult from Safaricom’s Ethiopian venture as local currency depreciation pummels the Group’s earnings in H1 FY24–25, but Chief Executive Peter Ndegwa keeps eye on long-term prize from growing market.
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Financial & PerformanceOpenreach raises full-fibre target despite capex and headcount cuts
Openreach is doing more with less as it sets a higher bar for full-fibre coverage for the year while shrinking capex and cutting jobs. Learn more…
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Financial & PerformanceBT ‘pulling levers’ to account for UK Budget burden
CFO Simon Lowth puts annual additional cost at £100m for the Group, with transformation plans to be ‘brought forward’ to compensate.
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Financial & PerformanceKirkby: multinational B2B ‘ripe for consolidation’ as BT pursues exit
BT H1: mutlinational corporate segment no longer a telco’s game, says CEO Allison Kirkby, and a divestment will accelerate turnaround plans. Talks ongoing with several parties, with both Global and Portfolio channels up for sale. UK business not immune to decline in the meantime…
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Financial & PerformanceClock ticking for UK altnet Spring Fibre as administration looms
A notice of intention to enter administration has been submitted, with the altnet having until the end of the week to find a solution for its financial situation or appoint an administrator.
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Financial & PerformanceCommunity Fibre keeps focus on customer connections with £125m funding windfall
London-based fibre altnet Community Fibre has secured £125m in debt financing but does not plan to ramp up network build, will instead use funds to support customer acquisition drive.
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Financial & PerformanceGrain claims to beat Openreach connection costs as EBITDA breakeven nears
UK fibre altnet frontloads capex to build to property boundaries, making for cheap connections when customers sign up, but Grain may be playing a high-risk game…
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Financial & PerformanceOrange shrugs off concerns over rivals’ convergent offers
Orange France aims to stabilise its convergent customer base in Q4, although bats away talk of a turnaround.
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Financial & PerformanceBII weighs impact of Safaricom’s shakeup in Ethiopia
A British International Investment report finds that the UK government’s backing of Safaricom Telecommunications Ethiopia is adding energy to the market, but headwinds make for mixed picture for startup operator.
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Financial & PerformanceDeloitte slams TalkTalk’s financial controls, resigns auditor role
Deloitte quits as TalkTalk’s auditor after 22 years and issues damning statement about the broadband provider’s financial reporting controls.
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Financial & PerformanceCityFibre on the hunt for more cash to fund capital-intensive fibre rollout
UK altnet’s debt and equity funding due to dry up next year, but talks ongoing with prospective investors for new cash.
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Financial & PerformanceTesco–VM O2 MVNO cracks £1bn sales nut
Tesco Mobile reaches ten-digit revenue milestone for the first time, as premium handset and postpaid sales continue to grow, though profitability proving more challenging in UK’s cutthroat MVNO market…
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Financial & PerformancePared-back Plusnet knocked back after axing mobile
Newly fixed-only operator sees customer base drop nearly 30%.
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Financial & PerformanceUK altnet Spring Fibre seeks new investors as backers step away
With a near-£14m deficit on its balance sheet, the altnet stated in its FY23 accounts that it was seeking a new investor to support cashflow needs as its principal backer declines to cover plans.
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Financial & Performance‘Tough decisions’ ahead for Australia’s TPG amid cost-cutting
CEO Iñaki Berroeta announced jobs are going as latest part of multi-year cost-cutting programme.
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Financial & PerformanceVi plugs 4G network gaps to stem subscriber losses
Vi gets on the road to recovery in Q1 FY24–25 with spending on network upgrades and preparing for 5G after recent fundraising.
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Financial & PerformanceDT Q2 FY24 Highlights: ‘Flawless’ Q2 enhances the feel-good factor at DT
Q2 FY24: All major divisions record growth to keep DT’s ‘flywheel’ spinning as it approaches major strategy refresh.
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Financial & PerformanceDT Q2 FY24 In-depth: Four-sided forward movement
Revenue and earnings remain in forward gear across all four main divisions.
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Financial & PerformanceDT Q2 FY24 Spend: ‘AI still an ally’
End-Q2 financial and personnel numbers reflect Group onus on efficiency and cost control.