All Restructuring (reorg) articles – Page 9
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PremiumVodafone strains Telecom Egypt out of Egyptian services arm
Awkward co-ownership with incumbent dealt with. A step in recalibration of Shared Services — and possibly VfEg too.
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PremiumVodafone Q2 FY19-20: Europe recovery drags at increasingly Germanic Region
Bulked-up Vodafone Germany now driving more than half of Europe Region cash flow, as other big OpCos’ struggle for form continues. Read’s commercial changes yet to ignite revival in Group’s core region. Drastic Spanish overhaul or exit still on cards. Group still to internalise Europe’s regulatory challenges.
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Suppliers & SCMVodafone Idea rallies the supplier troops
Mavenir, Nokia, Optiva, Red Hat, and TCS engaged via integration plan. CTO reasserts June 2020 deadline for accelerated programme.
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PremiumVodafone Group Q2 FY19-20: Duo double down on reforms
Leadership reach for scalpel again; new savings plan in pipeline and asset sales remain high on agenda. Debt increase stresses diminishing cash wiggle-room; focus remains on cash flow improvement. Patchy Q2 trends: major OpCos spluttering, but Group inches back into growth.
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PremiumVodafone Hutchison Australia axes 150 jobs
Australian joint venture axes call centre jobs, citing 5G rollout costs and regulatory obstacles.
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PremiumVodafone agrees to sell Malta unit
Vodafone’s leadership re-emphasised eagerness to pull back its front lines with an agreement to sell Vodafone Malta (VfM).
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PremiumO2 Germany creates unified CTIO role
Mallik Rao now succeeds both Cayetano Carbajo Martin and Guido Eidmann. Germany follows suit from Group, with unified role.
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Strategy & ChangeWayra re-org in Latin America
Telefónica Open Future is reportedly restructuring its Wayra startup accelerator in Latin America, and is set to shutter its facilities in Chile, Peru, Mexico, and Venezuela, and consolidate its operations in Argentina, Brazil, and Colombia.
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PremiumGoldman Sachs examining Telefónica mast sale prospects
It was reported that Telefónica appointed Goldman Sachs to examine its options for monetisation of its mobile mast sites.
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PremiumT-Systems retains UK outpost, despite challenges
Descent into loss blamed on contract and organisational restructuring. Questions pervade over management’s true interest in UK market.
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PremiumBT Group glad-hands investors as share pressure remains
While revised strategy plans for the UK were still bubbling, BT faced a tricky summer with a dwindling share price and investor concerns over operational challenges.
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PremiumBT España sale in final phase
Spanish challenger operator MÁSMÓVIL is now thought to be among four bidders remaining in the final phase of the sale of BT España, alongside US private equity firm Carlyle and Spanish venture capital firm Portobello Capital.
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PremiumBT Law under review as part of Group restructuring process
BT Group could be mulling wider changes to its BT Law operation that go beyond the managed legal services contract it recently signed with law firm DWF.
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PremiumCWU seeks assurance on BT’s ‘Colleague Board’
The Communications Workers Union (CWU) said it is seeking confirmation that BT’s proposal to establish a ‘Colleague Board’ from January 2020 would not affect existing relationships with “democratically elected union representatives”.
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Strategy & ChangeRedundancies as Vodafone Ghana streamlines
A restructuring exercise at Vodafone Ghana (VfGh) was said to have seen more than 100 redundancies at the OpCo.
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Strategy & ChangeTelefónica accelerates transformation as market worries
Accelerated transformation unveiled to ease investor worries prompted by Latin American turbulence and uncertainty on prospect of profit from digital transformation. Mast monetisation expected to provide €360m profit boost, with action to be taken within coming year. While Telxius expansion a clear path to raising funds, other options are ...
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PremiumO2 Germany dissolves NEXT
Development of German market sees Telefónica bringing its big data business more closely under Telefónica Deutschland control to accelerate commercialisation. Rumblings of internal disquiet surround the decision, and key NEXT projects may be sidelined to bring O2 Germany in line with Group strategy.
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Strategy & ChangeTelefónica Chile’s headquarters up for sale
Telefónica Chile has put its Santiago headquarters on the market.
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Strategy & ChangeTelefónica continues its exit from Central America
Telefónica Group completed the divestment of its interests in three of its central American operating businesses, in Guatemala, Nicaragua, and Panama, for $1.4bn (€1.3bn).
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Strategy & ChangeVodacom lifts Tanzanian interest back to magic 75%
Vodacom looks close to regaining full control of Tanzanian OpCo. Move could have strategy and M&A implications.