All Financial & Performance articles – Page 3
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Financial & PerformanceAltice France clears €8.6bn in debt and opens door to SFR sale
Embattled French group firms up major business restructure seeing founder Patrick Drahi reduce his stake, group of creditors gain a 45%-holding, and former Vodafone CEO Nick Read join Board of Directors as part of a governance rejig.
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Financial & PerformanceEutelsat shareholders inject funds to cut debt, boost LEO buildout
Satellite operator’s Board of Directors given the go-ahead for capital increase at Annual General Meeting, with plans to utilise funding to deleverage and advance satellite constellation ambitions.
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Financial & PerformanceSafaricom scaleup Circle Gas faces ‘severe but plausible’ funding crunch
Kenyan cooking gas investment continues to post substantial losses despite showing some fruit from a major restructure, with new funding required to ensure expansion plans can go ahead…
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EventwatchTelco CEOs turn up heat on Europe’s regulators as Draghi report turns one
FT Connect Europe Forum: Discussions turn technical as telco CEOs call for fundamental changes to the way sector regulations are applied, including a move from ex ante to ex post.
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Financial & PerformanceDT resets on cost and consumers, after German jolt
Q2 FY25: Enlarged, US-driven telco titan remains on track for near- and mid-term goals. But with DT experiencing a slowdown in competition-hit home market, and with macro worries pervading, execs indicate they may now push harder on cost reduction and AI-led transformation.
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Public AffairsBT’s Kirkby pulls no punches in review of UK regulatory, fiscal policy
Connected Britain: Allison Kirkby lets loose on Downing Street policy, with greater fiscal certainty needed to fund much-needed infra investment and AI adoption. Regulatory policy comes in for inevitable criticism too, as the BT boss sets the scene for the Chancellor’s upcoming Budget and Ofcom’s pending Telecoms Access Review…
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PeoplewatchMagenta Telekom boss freshens team with new finance, HR chiefs
Austrian operator’s recently-appointed chief exec Thomas Kicker draws on parent Deutsche Telekom’s talent pool to fill CFO and CHRO vacancies.
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Financial & PerformanceSpend: DT's Höttges previews ‘audacious’ new AI goals
Q2 FY25: Group Chief Executive indicates fresh, high-level talks are taking place within DT on an ambitious revamp of AI savings targets. How far to raise the bar remains an open question among top execs, though.
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Financial & PerformanceGuidance: DT jolted, but still in the comfort zone
Squall in Germany insufficient to blow DT supertanker off course, especially with T-Mobile US continuing to perform strongly and expand through M&A.
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Financial & PerformanceHeadlines: DT keeps poise despite German stumble
Q2 FY25: Group remains on track for key annual and mid-term targets despite drop in form in home market.
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Financial & PerformanceFibrus focuses on journey towards breakeven as revenue and EBITDA grow
In conversation: Fibrus CFO talks virtues of the altnet’s integrated business model as it reports steadily rising earnings and nears positive cash flow. Fibre ARPU ‘walk-up’ ongoing, but potential bolt-ons are under consideration…
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Public AffairsOrange faces union disquiet over plan to simplify French operations
The ‘Regain’ plan is now in the consultation phase, but unions are unhappy with multiple aspects of the proposals. No job cuts are planned, but the number of departments could be slashed to four, and five major centres replaced by nine smaller ones.
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Financial & PerformanceTesco Mobile delivers on growth despite ‘highly competitive’ conditions
UK’s largest MVNO reports forward progress on users, sales, and profit in the face of strong competition.
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Financial & PerformanceTPG: Vodafone up for £360m windfall as Oz outpost splashes the cash
Following the multi-billion-dollar sale of its fixed assets, TPG Telecom is initiating a major capital return. The “novel and complex” AUD 3bn plan is designed to reward major shareholders while courting minority investors and improving the telco’s stock exchange and credit profile. It also boasted a cracking H1…
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Deep DiveLegendary corporate raider reveals 3% Vodafone stake
Deep Dive: Following Liberty Global’s sharp exit, billionaire Martin Ebner has emerged as a prominent shareholder. The investor, known for forcing major change at Swiss firms, is now fourth on the shareholder roster, leaving the market to ponder the activist’s next move.
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Financial & PerformanceVi shares plummet: no further state support for Vodafone’s India affiliate
With share price diving after government indicated no further state help, at least on current basis, beleaguered Vi under renewed pressure to secure future and fund critical 5G rollout…
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Financial & PerformanceTelefónica said to prep capital raise to fuel Murtra’s new strategy
€3bn–€4bn funding option just latest suggested manoeuvre to support upcoming reset with its control and industrial strategy backdrop, amidst tight financials, defence and European telecoms consolidator ambitions…
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Financial & PerformanceQ2 FY25: DT moves to put more fibre in T-Mobile diet
Deutsche Telekom sees potential for more ‘clean, incremental’ buyouts in American fibre space, to keep growth engine at T-Mobile US stoked. Comments come as T-Mobile ups expectations for FY25 on back of takeover spree, string of new industry tie-ups, and further customer base expansion.
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M&ADigi seeks to regain momentum in Belgium after taking control of local JV
Things have not gone as planned for Digi Belgium in its first six months of operation, but its parent group hopes a recent “simplification” of its management structure (and assumption of majority control of the unit) will put it back on track…
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Financial & PerformanceRe-booting Plusnet cuts jobs, ‘streamlines’ operations
BT’s no-frills broadband brand posts another year of decline as it resets and restructures.