Financial & Performance – Page 2
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Financial & PerformanceDT Q1 FY25 Guidance: €20bn barrier to break
Q1 FY25: Despite murky macro outlook, DT reaffirms expectations of jumps in revenue, earnings, and cash flow during FY25, and beyond.
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Financial & PerformanceBT FY24−25 Spend: ‘on and off’ contractors help keep cost-cutting on track
BT’s long-running cost-cutting campaign is in full swing, with headcount cuts driving the savings. Capex continues to rise despite earlier promises, but the (revised) peak is in sight…
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Financial & PerformanceBT FY24−25 In-depth: another year of transition
Group CEO Allison Kirkby has called the past year one of ‘transition’, but insists a turnaround is imminent. ‘Revenue pressure’ (see, decline) reflects a challenging FY for all divisions, but strategic and structural change at the Group may have set it up for delivery next FY and beyond…
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Financial & PerformanceBT FY24−25 Guidance: free cash flow ‘inflection point’ in touching distance
Group misses revised revenue targets, and expects another fall to come, but groundwork has been laid for elusive ‘predictable growth’ two years out…
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Financial & PerformanceBT FY24−25: no longer a newcomer, CEO Kirkby begins to make her mark
A year of mixed results, but CEO Allison Kirkby claims the strategic tweaks of her first 15 months are having an impact. A management team overhaul, a renewed domestic focus, and an apparent ability to capture investors’ imagination has set the Group on an upward trend, albeit with plenty of work to do to deliver on her vision…
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Financial & PerformanceBT holds off on international B2B sale until division proves its worth
FY24–25: BT Group CEO Allison Kirkby says carved-out BT International must show its value, with ‘runway’ needed for Global Fabric to do the same, ahead of a prospective offload. UK M&A remains on the cards too as BT looks to capitalise on SMB opportunity…
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Strategy & ChangeHénique signs off from Orange MEA on a high note
France-bound Jérôme Hénique discusses the challenges of managing Orange’s sprawling Middle East & Africa business, and asserts the importance of a division that has contributed significantly to Orange’s results in recent times, delivering double‑digit revenue growth for eight consecutive quarters.
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Financial & PerformanceBT Consumer returns to multi-brand approach to ‘defend and win’ against altnet incursion
FY24–25: BT CEO Allison Kirkby has found an ally in new Consumer boss Claire Gillies as they work to undo ‘underweight investment’ in BT and Plusnet brands of recent years. U-turn on New EE strategy sees multi-brand approach ‘reactivated’, regional campaigns to beat local altnet competition…
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Financial & PerformanceOpenreach seeks another gear as altnets gain and CPs flop
FY24–25: BT CEO Allison Kirkby has tossed earlier promises of lower capex, instead fuelling an accelerated fibre build “now that we’ve got the engine humming” to bolster a defence against altnet incursions, and make up for CP shortcomings…
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Financial & PerformanceVodafone Germany hits new lows as management tees up a turnaround
FY24–25: Group management insists that annual results were the nadir for its flailing German OpCo, as another fall in service revenue and earnings makes for an even lower baseline to which a future turnaround can be compared.
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Financial & PerformanceCommunity Fibre take-up rate hits 25% after strategic shift
Altnet hits 25% full-fibre take-up rate, placing it third only to Openreach and nexfibre/VM O2 among UK fibre majors.
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Financial & PerformanceVodafone sees the bright side of global chaos
FY24–25: As Vodafone Business surpasses €8bn in revenue, driven by Digital Services, anticipated hikes in cybersecurity, defence, and sovereignty spending in politically uncertain times is expected to provide another boost.
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Partnerships & AlliancesTelefónica and CaixaBank rejig device finance tie-up
CaixaBank and Telefónica combine two separate financing joint ventures into their Telefónica Renting tie-up in Spain in latest development between the long-time partners.
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Financial & PerformanceVodafone braces for UK merger impact, lines up €1.5bn investment for inaugural year
FY24–25: Vodafone CEO Margherita Della Valle teases imminent deal completion and rapid integration to follow.
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Financial & PerformanceDigi ‘adapting as we go’ after a testing start in Belgium
Closely-watched new entrant has already been forced to “resize” and “rescale” its business in the first few months of operation.
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Financial & PerformanceSouth Africa: energy challenges push rivals Vodacom and MTN to collaborate on power
Vodacom FY24–25: operators in early stages of infra-sharing under Energy Users regulation.
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M&AUnited Internet raises 1&1 stake ahead of further network spend
Germany’s United Internet splashing out €300m to increase 1&1 holding to 90%; claims “particularly important” ahead of mobile network expansion.
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Financial & PerformanceSafaricom plots bolt-on M&A to strengthen Kenyan and Ethiopian core
FY24–25: CEO Peter Ndegwa indicates willingness to look further afield for growth opportunities once Ethiopian venture reaches self-sufficiency.
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Strategy & ChangeBT to carve out International in next step of B2B grand plan — report
Reports cite an internal memo that tees up a spin-off of overseas B2B, headed by Bas Burger, as Group CEO Allison Kirkby puts her foot down on UK retrenchment aspirations.
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M&AVirgin Media O2 still eyeing altnet buys despite pressing pause on NetCo plan
Virgin Media O2 remains hungry for fibre altnet M&A while its NetCo sale plans are put on ice and its own fibre build rate cools off this year.