All Financial & Performance articles – Page 51
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T-Mobile US holds the fort while merger proceedings drag on
Go-to-market growth momentum maintained, easing concerns around new December 2019 completion target for deal.
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Strategy & Change
T-Systems’ reboot rebooted as Höttges cracks down
Restructuring change-up yet to be fully outlined, but could reduce T-Sys to a shadow of former self.
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Public Affairs
German operators soften 5G cash blow with mobile pact
Operators secure improved payment terms for 5G frequencies. Added 4G and 5G rollout commitments made in return.
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Strategy & Change
Telekom Deutschland’s 5G service stalled by spectrum logjam
Initial false 5G dawn down to 3.6GHz delay. Höttges open to expanded tower sharing with other German operators.
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Orange sells remainder of shares in BT Group
Orange, DT’s partner in former UK joint venture EE, sold the remainder of shares received in BT Group as part of the deal that saw the UK incumbent acquire EE in 2016.
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Vodafone Group management update: Q1 FY19–20
Pickup seen following revenue slump, but leadership still focused on asset sales to reduce debt and preserve cash flow. Read primes stakeholders for multi-billion euro tower reorg.
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Vodafone Group awarded compensation from the UK Government
Vodafone received £740,000 in costs, after UK Government’s error assessing bids.
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Vodafone Idea looking to close M-PESA payments platform
VfI hinted at plans to close M-PESA payments platform, after booking hefty impairment charge.
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Public Affairs
Vodafone Hutchinson Australia fined for misleading billing service
VHA admitted it had made false or misleading representations about its third-party direct carrier billing service, agreeing to refund customers.
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Products & Services
Vodacom South Africa launches m-payment offering
VdSA collaborated with MasterCard to create VodaPay Masterpass.
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Vodafone Ghana and Zenith Bank begin mobile financial services partnership
VfGh and Zenith Bank begin partnership to offer mobile financial services.
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Suppliers & SCM
TDE likely suspect as Adtran trims revenue guidance
Supplier anticipates revenue dip after ‘European tier-one’ customer tightens purse strings.
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H1 FY19: confident Telefónica cruising on
Telefónica on track for year, with management confident long-running strategy is beginning to pay off. Revenue and profit growing organically, but change in accounting standards may be flattering numbers. Operating costs floating up on digital transformation projects and to fuel the value-add commercial strategy. Latin America enterprise business growing ...
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Public Affairs
NAO signals headwinds for ESN
New report from the National Audit Office (NAO) highlights further risks with the Emergency Services Network (ESN), but BT/EE on track. The Home Office subsequently extended the ESN contract with Motorola Solutions to include the Kodiak push-to-talk (PTT) product for critical communications with front-line staff.
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BT consumer plans to increase prices
The media widely flagged BT Consumer plans to increase prices for its BT TV and BT Sport services by up to 67% from the end of July 2019.
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Strategy & Change
Jansen pitches share ownership to shift BT Group culture
A new scheme aims to award £500-a-year in shares to each of the Group’s 100,000 employees, as Jansen encourages cultural change at BT.
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Many potential buyers for BT Ireland
A number of companies are considering bidding for BT Ireland after the unit was recently put up for sale, according to reports, with indications that the process has moved beyond first-round bids. The business was said to have been put up for sale at €400m (£358m), although sources expect ...
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BT Group confirmed agreement to sell headquarters in St Paul’s, London
BT Group confirmed that it has agreed the £209.5m sale of its headquarters (HQ) building in St Paul’s, London.
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Government releases £40m more for 5G trials
Latest £40m for 5G use case development applied to logistics and manufacturing. DCMS also flags promises of simpler planning, and more spectrum, although plans remain vague. Operators still waiting for clarity on government’s 5G supplier review.
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Telefónica financial roundup, July 2019
Norway increases stake in Telefónica. KPN completes offload of Telefónica stake.