Latest Finance & Strategy Insight – Page 155
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PeoplewatchSchüler coronated as VM-O2 CEO
Lutz Schüler, dynamic Virgin Media chief, with a track record at O2 Germany, is to lead the new VM-O2 joint venture, subject to competition clearance. O2 CFO and experienced merger overseer Patricia Cobian to take on the JV finance role. No room for O2 CEO Mark Evans.
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Network & InfraT-Mobile Netherlands bulks up on fibre via new KKR venture
Dutch NatCo builds on Primevest investments as first anchor tenant of Open Dutch Fiber. New fibre venture taps former CEO and CCO of Vodafone Germany partner Deutsche Glasfaser. Move raises further questions over Group plans for its Dutch business.
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Suppliers & SCMBT Sourced embarks on buyside disruption
Low-key launch for BT’s “standalone” procurement company. Time will tell if greater reliance on digital tools will turn BT Sourced into “procurement disruptors and trailblazers”.
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OperationsBT’s revamped Newcastle office set for re-opening
Operator to inaugurate opening of “one of first” upgraded offices under Better Workplace scheme. “First phase” of site redevelopment completed, with hybrid working practices helping maintain operations in meantime. Gosforth to prioritise employee welfare as a means to boost customer service.
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PeoplewatchDT’s long-running search for new chair continues
A replacement for Deutsche Telekom’s outgoing Supervisory Board Chairman Lehner continues after tight-lipped incumbent gave nothing away at Group AGM. External candidates considered. Disappointment of scuppered Harald Krüger appointment not yet rectified.
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B2BBT Enterprise eyes 2023 for 5G lift-off
Spencer says better performing 5G standalone networks needed to kick-start market. Operator inexperience in provisioning spectrum for private networks another brake on enterprise adoption. University Hospitals Birmingham and Belfast Harbour again hailed as BT’s main B2B 5G success stories.
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PremiumFY20: Deutsche Telekom taxis for cash flow take-off
DT expects post-Sprint upwelling of cash flow to begin during current fiscal year, laying basis for next phase of investments. Europe now conquered, says Group CEO as he sets sights on American leadership too. Group’s top line passes €100m with further growth expected in FY21.
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PremiumSpend: investment taps kept open, despite pressure
New TDE CEO Gopalan to search behind sofa for capex and opex savings for fibre push.
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PremiumGuidance: all levers set to growth mode
Earnings growth expected from both US- and Europe-side businesses. Sprint-boosted revenue base forecast for further expansion. TMUS to fuel revival from cash flow dip.
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PremiumColao proposes 1Gbps for all Italians by 2026
Minister for Innovation and Digital Transition Vittorio Colao outlines his ambitions for Italy’s economic recovery. Rapid roll out of gigabit broadband is essential to the plan. But the stalled national broadband network plan must be resolved soon.
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PremiumHeadline data: COVID covered
COVID-19 impacts figures but massively outweighed by Sprint deal and tempered in Europe by NatCo resilience. Group juggernaut rolls on as all key forecasts comfortably surpassed. Höttges goes NSFW to stress DT’s outsized strength versus atrophying European rivals.
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PremiumVodafone reels in €2.3bn from Vantage Towers IPO
Proceeds to pay down Group debt. IPO share price holds steady on the Frankfurt Stock Exchange.
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Strategy & ChangeQ4 FY20: Group thinks out of the box
DT’s new Head of Europe argues that the bloc’s fragmented market is ripe for change. Romania and Netherlands remain in DT’s M&A spotlight. FY20 results show Europe holding steady for DT, despite pandemic. Share buybacks increase holdings in Hrvatski Telekom, Magyar Telekom, and OTE.
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Strategy & ChangeQ4 FY20: T-Sys not for sale despite another FY of drag
Höttges wants to keep T-Sys in the DT family despite ongoing wait for the enterprise division to meet positive cash flow ambition. Pandemic-induced order entry and revenue drops laid out in FY20 results. Impact of crisis cushioned by efficiency measures and majorly tightened capex.
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Strategy & ChangeQ4 FY20: TMUS highlights DT’s ‘positive headache’
Group leadership relaxed on quandary of when to push button on re-acquisition of majority control in powerhouse NatCo. TMUS on track with Sprint integration, emphasising huge cash flow potential DT could tap into for expansion across Group.
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Strategy & ChangeElsewhere in Vodafone Europe: EU cluster partnerships and TechCo ambitions spread
Vodafone Turkey lays out four-pillar 2025 ambition as it steps into TechCo territory; Czech and Irish OpCos draw back high street presence; Vodafone Romania pilots TIP-built kit.
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Strategy & ChangeElsewhere in Vodafone Africa: Safaricom seeks partners
Safaricom looks to expand app ecosystem; Vodacom wins Cell C traffic but loses state mobile exclusivity.
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Strategy & ChangeElsewhere in Telefónica’s Core Markets: Digital Workplace opens up
Movistar+ adds edutainment for at-home learning; O2 UK offers device-as-a-service for remote-working employees.
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Strategy & ChangeElsewhere in Telefónica Hispanoamérica: 4.5G in Mexico
Progress on OTT bundling in multiple markets; SME channel opened with BBVA; tax disputes continue in Peru.
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Strategy & ChangeElsewhere in Vodafone Group: Tomorrow Street partner bags investment
Innovation partner SecurityScorecard lands more cash; TiVo maintains TV relationshi