Latest Finance & Strategy Insight – Page 178
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PremiumDeutsche Telekom Trust pulls away from Ströer SE & Co
Deutsche Telekom Trust (DT Trust), an asset manager for DT’s corporate pension schemes, reduced its stake in outdoor advertising company Ströer SE & Co from 11.3% to 10.1%, reinvesting the proceedings of the sale into other trust assets.
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PremiumTelefónica guidance: 2019 targets met, just about
Telefónica claims to have met its FY19 guidance, frowing by 3.2%. 2020 stability promised, but Covid-19 means all bets are off.
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PremiumTelefónica Transformation: ahead of schedule but hitting a bump
Digital services revenue hits 17% revenue increase year-on-year, with the bulk coming from video services. Telefónica Infra remains barebones, but the future looks promising.
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PremiumTelefónica’s FY19: building a hybrid engine for a juggernaut
Targets on profit and revenue for the year achieved, but Group now guiding for a period of ‘low and slow’ progress on key financial metrics. While financial growth looks hard to come by, Álvarez-Pallete is aiming to create a higher purpose for Telefónica and drive engagement with his transformation ...
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Strategy & ChangeTelefónica steps up response to coronavirus crisis
Group-wide commitments made to maintaining network capacity in light of changing demand. Cisco and Microsoft partnerships enabling additional enterprise customer support. Consumer benefits include temporary free content and information access, and leeway on data use. Cooperation with public administrations and local rivals seen across the Telefónica footprint.
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PremiumFinancial performance: growth peters out for ‘old Telefónica’
Telefónica heralds organic growth in revenue and operating income, but reported figures less glowing with OIBDA and cash flow decline. Enterprise business remains a bright spot for the Group.
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PremiumRegional performance: Group savours European stability
FY19 results the first since a tightened focus on four major markets. Volatility in Hispam business seen as justification for focus on key regions.
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Products & ServicesTelefónica España launches alarms JV with Prosegur
Movistar Prosegur Alarmas JV started operations in March 2020. Prosegur becomes minor Telefónica Group shareholder as part of transaction.
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PremiumVodafone leadership awaits COVID-19 diagnosis
Share price nose-dives below £1 for first time since 1997. Impact on financial and strategic plans yet to emerge. OpCos focus on network resilience and employee welfare.
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PremiumVHA gets into efficiency mode ahead of TPG merger
Commercial spend tightening and digital transformation on agenda.
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PremiumAnalyst worries build as BT plans for the future
Confidence in BT’s ability to provide shareholder returns while embracing a full-fibre future is low among the financial community. Longer term prospects may be brighter.
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Strategy & ChangeOpenreach rivals in expansive mood
Liberty Global reignites M&A talk around Virgin Media. CityFibre CEO in bullish mood after being freed from Vodafone shackles. Sky reportedly keen on full-fibre infrastructure investment.
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Strategy & ChangeMoody’s negative outlook on BT borrowing
Moody’s reviewed its principal debt rating for BT Group in February 2020, and affirmed the headline Baa2 rating for the operator. However, the accompanying outlook for BT credit was downgraded from “neutral” to “negative”.
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Strategy & ChangeEverything Everywhere, over and out
Everything Everywhere Limited, the original entity behind the Deutsche Telekom and France Télécom merged mobile venture that became EE, was finally dissolved through a voluntary strike-off action
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PremiumDeutsche Telekom expands scope of B2B reorg
Acronyms scrambled again as Group leadership pushes through B2B tidy-up. Leadership targets political battles between TDE and T-Sys. DT’s B2B focus remains somewhat fragmented.
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Network & InfraMagenta Telekom quietly sets up own TowerCo
Group coy on plans but move opens up partnership and monetisation opportunities.
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PremiumVodafone’s Q3 FY19–20 management update
Group sneaks another par score but still not really on-form. Call comes too early for coronavirus impact discussion. Focus remains on Read’s drive to minimise Vodafone. Gradual steadying of ship enables another quarter of slim growth. Churn reduction remains the key goal in Vodafone’s chosen battleground of Europe. RoW ...
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Strategy & ChangeVodafone's Read talks up tower power (again)
Germanisation of Vodafone continues with choice of Düsseldorf for TowerCo HQ. CEO continues to push for improved asset utilisation in mobile networks, plus sales opportunities. Sharing developments in Germany, India, Italy, Portugal, and UK.
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PremiumVodafone to set out stall in SoHo market
Small businesses to be targeted with a diversified product portfolio and an added-value mindset as Vodafone attempts to reinforce the consumer-enterprise divide.