Latest Finance & Strategy Insight – Page 158
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Strategy & ChangeElsewhere in Vodafone Partner Markets: A1 stable; NZ changes abound
Developments from around Vodafone’s soft-power network: results stability for A1; Elisa works Vodafone Business ties for SD-WAN delivery; changes afoot for Vodafone New Zealand.
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Strategy & ChangeElsewhere in Vodafone Associates & JVs
Teoh junior faces TPG ire after assault conviction; INWIT’s Ferigo bemoans 5G rollout barriers.
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Strategy & ChangeElsewhere in Vodafone Europe: Italian 3G sunset
End of road for Italian 3G network; 5G used to combat COVID-19 in Spain; Turkey enterprise unit digitises cement mix.
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Strategy & ChangeElsewhere in Vodafone Africa
Vodafone launches Africa.Connected campaign to bridge the digital divide, while Joosub clears things up regarding Ghana in Q3 results.
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Financial & PerformanceBudget 2021: BT benefits but won’t move investment dial
Chancellor Sunak eyes investment-backed build-back. Short term tax break to bolster BT infrastructure expansion. However, gains will be “offset in later years”, and no movement on BT’s number one priority — business rates relief.
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PeoplewatchBT’s HR chief admits bumps in Better Workplace plan
Pandemic holds up plan to concertina down to 30 regional hubs, although some movement is expected in 2021. HR Director recognises the need to maintain hybrid working practices even after the pandemic has subsided.
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Network & InfraVivo taps CDPQ for fibre spin out, as KKR invests in Chile
Telefónica|Vivo signs a 50:50 deal with Quebec-based investor to launch FiBrasil. Wholesale fibre provider will expand Vivo’s geographic reach, while the OB focuses on upgrading its existing fixed-network footprint. Long-heralded $1bn Chilean InfraCo plans culminate with KKR taking 60% stake.
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Network & InfraMagyar Telekom CEO rules out tower tie-ups
Tibor Rékasi anticipates no strategic activity in the “near future”. 5G coverage target met in Budapest.
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Strategy & ChangeOTE: Romanian mobile remnant not on market, yet
Long subject of sale speculation, TRMC to focus on organic turnaround for now.
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Network & InfraDeutsche Telekom waiting in wings for TowerCo expansion
CFO Illek wants to see how Vantage Towers IPO pans out before making any big moves On prowl for investor partners through Digital Infrastructure Vehicle set up in collaboration with Cellnex. Flags Deutsche Funkturm’s “good price” and M&A possibilities. Selling tower assets to make a quick euro, à ...
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OperationsOTE hails completion of organisational revamp
Extraction of field and customer ops wrapped up as OTE seeks to bolster efficiency following challenging FY20. Early retirement programme continues to deliver savings.
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PeoplewatchDT’s tech and M&A chiefs earn contract extensions
Thorsten Langheim (USA & Group Development) and Claudia Nemat (Technology & Innovation) both pick up new five-year deals. CEO Höttges underlines stability and momentum for the Group.
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Strategy & ChangeElsewhere in Openreach: ADTRAN switched on
ADTRAN kit up and running; Ofcom Connected Nations report shows full-fibre progress; Gigabit Vouchers start showing worth.
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PremiumElsewhere in BT Group: BT Sourced gets hiring
New procurement team hiring; revamp of Plymouth office by 2022; BT hoping to go greener through PPAs.
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Network & InfraDT moves goalposts on German infrastructure mega-projects
Headline FTTH and cell site expansion roadmaps reworked. COVID-19 disruption, regulatory barriers, and bad weather cited as contributors. First signs emerge of the Group’s new, pandemic-influenced medium-term planning, due to be laid out later in 2021.
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Financial & PerformanceTelefónica wobbles over 2020 finish line, targets stability
Revenue and OIBDA drop 11% as double-whammy of COVID-19 and currency fluctuations hit. Guidance on cash flow just about achieved, while FY21 focus will be on stabilisation. Dividend reduced by 25% as COVID-19 challenges continue, and 5G auctions loom. Telefónica Infra picking up minority stakes in Group infrastructure as ...
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Partnerships & AlliancesVodafone NZ pivots to improve post-sale performance
Former Vodafone OpCo jumps on CX/digital transformation train in a big way, in bid to raise profitability. Quadruple IT stack legacy of time in Vodafone Group one area of inefficiency to be removed. Two of top team shuffled out amid commercial reset, including long-time Vodafone exec Antony Welton.
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InterviewOpenreach pushes ahead in journey to agile
CTIO Colin Lees discusses three-year transformation project across IT, network, and processes to support FTTP rollout. Independent Openreach Technology division treads in parent’s tech footsteps. Adopts agile development where it can and organises into Tribes and Squads. Data strategy seeks “single source of truth”. Takes pragmatic approach to cloud ...
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M&AVodafone readies cheque for Egyptian fintech players
Vodafone Egypt signs MoU for minority stakes in digital payment players Bee and Masary. New Vodafone Egypt CEO Abdallah seeks to paint deal as part of “promising” strategic investment plan, following Group’s failed exit.
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Strategy & ChangeVodafone CZ confirms strategic talks with ČEZ
Czech OpCo declines to divulge what the talks are about, after a local news report suggests a possible sale of the business is on the table.