All Results articles – Page 5
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Financial & PerformanceDT Q4 FY21 Headlines: cash flow back on course, before spectrum
Headlines: cash flow back on course, before spectrum Source: Aaron Burden / Unsplash The Group’s FY21 results again drove home the dramatically increased scale and power of DT’s Transatlantic platform, following the Sprint takeover. DT ended the FY strongly, recording a 4.7%-rise in net revenue, to €28.9bn, ...
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Financial & Performance
DT Q4 FY21 Spend: strategy on track
Spend: strategy on track Source: Wolfgang Rottmann / Unsplash Spending-wise, FY22 appears set for more of the same, with DT expecting to continue increasing capital expenditure (capex) during the current year, driven by mega-projects at TDE and (particularly) TMUS. It is forecasting €19.3bn in capex during the ...
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Financial & Performance
Vodafone Q3 FY21–22 Guidance: Déjà vu as Group eyes “sustainable growth”
Top brass remains optimistic as COVID-19 recovery continues.
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Financial & Performance
Vodafone Q3 FY21–22 Spend: CPI+ a “necessary logic”
Price rises planned across Europe, in response to rising costs. Della Valle outlines strategy, but remains vague on details. CPI+ formula embedded in five markets, with more to follow.
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Strategy & Change
M&A? We’re on it, insists Vodafone CEO
Activist investor Cevian Capital reportedly wants Vodafone management to push harder on in-market consolidation. Read reiterates claim that “pragmatic” and “open-minded” M&A has always been the plan under his watch, with returns-focused deals in Italy, Portugal, Spain, and the UK in the crosshairs. Vodafone knocks back Iliad bid for ...
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Financial & Performance
Vodafone Q3 FY21–22 Headlines: Germany struggles, Africa bubbles
Group service revenue growth for fifth successive quarter. German user experience blunder takes gloss off solid set of numbers. Read continues to blame COVID-19 for German struggles, despite rivals’ success. Vodacom makes “very good progress” as Vodafone Egypt deal nears.
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Financial & Performance
Vodafone Q3 FY21–22: Read asserts “proactivity” on M&A
Management seeks to seize back agenda amid growing City pressure for urgency on assets sales. Minimal progress appears to have been made on Read’s long-term push for four-to-three consolidation. German operation unsurprisingly draws questions following embarrassing missteps.
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Financial & Performance
DT’s FY21 report: events intervene but an empowered Höttges talks tough on towers
Another strong year of growth for Group, led by USA. Unfortunate clash with Ukraine invasion dulls shareholder reaction. Executives stress openness and flexibility when it comes to a big TowerCo deal, but want full recognition of DT assets’ worth. Muddiness on future of BT holding. Inflationary pressures said to ...
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M&A
INWIT eyeing European towers for potential M&A
Vodafone and Telecom Italia TowerCo joint venture lays out framework for “financial flexibility”, enabling M&A when opportunities arise. CEO Giovanni Ferigo claims organic growth remains the focus, but admits interest in smaller European players. Capital allocated to enable inorganic options.
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Financial & Performance
Telefónica’s FY21 comms decrypted: anticipating a new, asset-light dawn
Solid organic performance fuels management confidence in Telefónica’s ability to maintain growth and regain traditional swagger. New Spain and UK FibreCos to round off Group infrastructure monetisation programme. Near-term growth may still be dependent on inorganic activity in Brazil and JV success in UK.
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Financial & Performance
BT Q3: king of a still-wobbly hill
Corporate weakness postpones recovery, with BT Global recuperating and BT Enterprise still in surgery. Rational rivals embraced, but warned of “Armageddon scenario”, with Sky current BFF. Discovery tie-up a win-win for BT Sport (but what about for BT itself?). Openreach charges on, hitting new records for FTTP connections and ...
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Financial & Performance
Vodafone’s Q3 deciphered: glad-handing activists; German misfire; IoT, Africa fintech blossom
Management seeks to seize back agenda amid growing City pressure for urgency on asset sales. CEO Nick Read assures Group will be “proactive” in finding returns-focused deals. German user experience misstep takes gloss off solid set of numbers. Price rises planned across Europe, in response to rising costs.
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Financial & Performance
Vantage tweaks schedule after ‘annoying’ builder delays
TowerCo’s build-to-suit programme hit by labour and material supply crunch. Management responds with move to simplify supply and logistics. Execs assure headline operational and financial goals remain in reach.
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Financial & Performance
BT Q3 FY21–22: king of a still-wobbly castle
Rational rivals embraced, but warned of “Armageddon scenario”, with Sky current BFF. Mixed results force management to cling to customer satisfaction and market share security blankets. Inflation a bonus for Consumer’s linked pricing. ‘Jam tomorrow’ outlook reiterated.
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Financial & Performance
BT Q3 FY21–22 Spend: costs under control
Cost-savings transformation programme continues to earn accolades among management, despite necessary investment in infrastructure. Broader market factors felt.
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Venturing & Investments
hubraum progeny Blinkist turns a profit
Book-summarising startup gets into the black for the first time. Milestone reached decade into life of the business. Deutsche Telekom incubator hubraum exits startup on the cusp of profitability. Operator was early investor in 2012.
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Financial & Performance
BT’s M&A chaperone boosts takings
Boutique advisory firm Robey Warshaw reports a 50% jump in sales from corporate deal-making tasks. Partner of BT and Vodafone appears primed to benefit from industry’s new wave of consolidation.
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Financial & Performance
H1 FY21–22: Openreach enters fibre build phase two
Lonely position as sole BT unit posting positive results for the half year. CEO Clive Selley confident of future return on investment: FTTP rollout moving ahead of expectations; uptake supported by Equinox pricing deal and growing consumer demand.
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Financial & Performance
H1 FY21–22: Jansen trusts BT Global plan, despite setbacks
CEO focuses on the strategy, rather than current performance, to paint a picture of a viable future for the MNC-focused digital solutions unit. NPS remains a bright spot for Global, highlighting material gains from the BT transformation plan. Declining margins suggest work still to be done on recovery.
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Financial & Performance
Vodafone H1 FY21–22 guidance: on-point numbers prompt upward correction
Group gains confidence from “in line” H1 numbers to raise floors on earnings and cash flow.
