All Financial & Performance articles – Page 2
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Financial & PerformanceVodafone faces volume trade-off in latest Germany turnaround attempt
FY25–26: Group CEO Margherita Della Valle defends value-over-volume play as Germany OpCo closes in on a turnaround, of sorts, despite persistent customer losses and further earnings decline forecast.
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Financial & PerformanceBrazil’s Vivo calls on AI to aid fight with inflation
Chief Executive Christian Gebara surveys “vast number of opportunities” from AI tech, including an upcoming major customer support revamp, as operator seeks to restrict inflation impact on margin.
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Financial & PerformanceSafaricom Ethiopia moves ‘from startup to scale’ with breakeven in touching distance
Ethiopian operator is entering its scale-up phase, with rapid revenue growth, losses falling, and investment slowing to put EBITDA breakeven within sights…
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Financial & PerformanceSafaricom shrugs off M-PESA carve-out talk as m-money closes in on connectivity
CEO Peter Ndegwa dismisses recurring talk of an m-money spin-off as M-PESA closes in on traditional Connectivity Business revenue. Further integration on the cards, he says, to leverage strengths of each…
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M&ASFR takeover: Bouygues says talks remain in ‘active mode’ amid reports of delay
€20bn-plus preliminary agreement for SFR break-up said to be unlikely by deadline of 15 May. Four-to-three MNO consolidation play set to see much of the acquired network and IT asset base junked…
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Financial & PerformanceTelefónica is starting to ramp up return from home security sideline
Telco’s property monitoring venture with Prosegur boosts profitability in Q1, aided by ongoing user growth, increased focus on client value, and tight managerial control of cash inflows and outflows at arms-length joint business. Other telcos have started to take notice of the JV’s momentum…
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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…