Financial & Performance – Page 3
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Financial & PerformanceVi secures government dues breather as attention turns to infra investment
Vodafone-backed Indian operator confirms AGR liabilities slashed by a quarter to ease debt burden and offer some relief for the challenged MNO as it invests in significant 4G/5G expansion.
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Network & InfraT-Mobile to plough another $2.7bn into fibre through two new JVs
US operator takes investment in fibre expansion push beyond $9bn, with formation of two new private equity-backed takeover vehicles.
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Financial & PerformanceFrance’s SFR in holding pattern as sale talks continue
Altice France stays coy on possible purchase price as parameters of the deal remain under discussion.
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Financial & PerformanceEuropean fibrecos warned of ‘enormous’ 2027 debt crunch
Europe’s fibre industry is heading into a critical two-year period with half of all fibreco debt due, warns ING’s Jeroen Kleinjan. Rising geopolitical tensions and fears over inflation and competition from other digital infra asset classes could hinder altnets’ ability to overcome a looming ‘refinancing wall’.
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Analyst BriefingDeutsche Telekomwatch: re-platforming plans
Analyst Briefing: With Europe continuing the flounder, DT is said to be prepping a major M&A move to strengthen its foothold in America and tightening links with state-side tech partners. In Europe DT ups its data sovereignty credentials with a revamped business cloud service and unveils what it calls a ‘blueprint’ for telco cloud deployments…
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M&AOrange’s Heydemann is confident on new SFR takeover bid
CEO of French incumbent is hoping for a positive response to its second bid for assets from distressed rival SFR, alongside Bouygues and Iliad. As well as dangling a higher, €20bn+ offer in front of seller Altice, she notes a change to the deal’s structure would help the French trio mitigate some execution risk. She also remains confident of the case for consolidation.
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Financial & PerformanceDT ups the intensity to maintain momentum
FY25: DT’s divisional leaders are being pressured to maintain progress on spend efficiency and commercial impact as the Group seeks to keep its business ‘flywheel’ spinning in an uncertain and challenging macro and market environment.
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Financial & PerformanceDT FY25 guidance: growth goes on
DT expects further significant earnings growth in FY26, despite economic and competitive uncertainties in Germany and USA.
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Financial & PerformanceDT FY25 spend: capex lid kept tight amid macro and market murk
Group evidently remains micro-focused on cost efficiency across opex and capex, with continued belief in potential of AI and caution on fibre spend.
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Financial & PerformanceDT FY25 in-depth: home front vulnerabilities ease
DT ends FY25 on a positive note, seeing seeds of recovery in Germany and maintaining momentum across other segments.
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Financial & PerformanceMacquarie takes a hit as it considers KCOM exit
Investment group writes down more than half a billion pounds on Hull-based operator as reports swirl of imminent sale.
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Financial & PerformanceUK fibre: lenders seize control of Gigaclear following debt restructure, Infracapital wipeout
In depth: rural provider handed over to lenders in sweeping recapitalisation, following £0.5bn+ debt and equity write-down, with cashflow inflection point said to be on the horizon. Investors zeroed out, following abandoned trade sale, with spotlight also on National Wealth Fund sector exposure…
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Financial & PerformanceTelefónica eyes more areas to chop spend, concoct cash flow
FY25: After spending much of last year stewing over the ingredients of its new Transform & Grow revival plan, Telefónica indicates it is now ready to begin cooking. The five-year programme looks set to kick off with some substantial wins on opex savings and capital intensity.
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Network & InfraINWIT fights back as anchor tenants threaten to dismantle Italian towerco business model
In-depth: Towers showdown erupts in Italy as Fastweb + Vodafone looks to pull out of its INWIT MSA and is met by ‘conflict’ accusations and a legal response. With Vodafone still exposed indirectly, and peers observing with interest, Europe’s once-staid infra sector continues to reset…
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Financial & PerformanceTelefónica FY25 spend: Group eyes ‘big year’ on savings
With building blocks now in place for much of Telefónica’s multi-billion-euro ‘totex’ reduction plan, execs promise ‘significant’ progress on savings drive in FY26…
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Financial & PerformanceTelefónica FY25 guidance: cutting towards growth
Telefónica’s progress on spend efficiency enables execs to lay out a faster-than-anticipated uptick in free cash flow during FY26…
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Financial & PerformanceTelefónica FY25 in-depth: Transform & Grow to-do list remains long
Group maintains growth across FY25, but underneath headline numbers reports another mixed performance across ‘core’ quad of European OBs and Vivo, with Brazil and Spain in growth but Germany and UK searching for revival.
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Strategy & ChangeLondon fibreco G.Network emerges from administration debt-free
B2B-focused altnet appoints new CEO, having “successfully reorganised”. The altnet now aims to accelerate take-up over its infra…
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InterviewHelios CFO on tower group’s people-powered growth plan
Interview: Helios Towers’ finance chief Manjit Dhillon has long-term confidence in the outlook for MEA’s mobile industry as it gains lift from demographic and commercial tailwinds.
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Strategy & ChangeTOTEM CEO highlights 100-client milestone: ‘the priority is to continue growing’
Interview: Still less than five years’ old, Orange tower spinout TOTEM has ample opportunity to drive expansion in existing markets through client diversification and tenancy growth, affirms Chief Executive Emmanuel Rochas. After taking over at the business in mid-2025, he is maintaining focus on customer acquisition, digitisation of internal systems, and execution on several infra build projects at high-profile city venues.