All Strategy & Change articles – Page 116
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PremiumOutlook: Cash is king
Telefónica appears just about on track to meet guidance on operating cash flow during this uncertain year. The weak share price is adding to worries on debt, but generating more free cash flow is the Group’s preferred response to pressure. Management tight-lipped on future dividend payments.
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PremiumHeadline data: Another quarter of belt-tightening and falling revenue for Telefónica
Telefónica’s narrative of core market strength yet to fully win over doubters. Restructuring remains work-in-progress in Hispam, Tech, and Infra.
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Financial & PerformanceTelefónica Group Q3 FY20
Worries persist about Group debt, a tanking share price, and continued exposure to troubled LatAm markets, but Telefónica insists that €100bn of assets on the balance sheet that could be monetised should calm nerves. “Double dip” challenge of pandemic and FX fluctuations acknowledged by management, but Group positioned as ...
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Strategy & ChangeJansen floats potential for Openreach stake sale
“Open-minded” Jansen may see an Openreach stake sale as a way to relieve pressure on investor demands for a quicker transformation. While CEO’s tone more positive on an asset sale, the challenges of extricating elements of the Group for a sell-off may limit options.
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Strategy & ChangeSafaricom still keen on Ethiopia entry
Safaricom blocked from operating fintech service in Ethiopia, potentially making case for entry shakier, but operator reaffirms Ethiopian commitment and intention to enter bidding war. ECA offers spectrum auction update, amid escalating regional conflict.
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M&AForthnet share shuffle puts United Group in charge
Pending takeover ends will-they-won’t-they saga of possible Vodafone and Wind buyout. Forthnet MVNO supported by Vodafone Greece yet to be launched commercially, but reflects competitive threat for OpCo to ponder. Move for Wind rumoured as next step for United.
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Public AffairsTelefónica Peru defends new city unit amid Twitter storm
Caught in political cross-fire, Peruvian operating business fends off flak over award of telecoms concession.
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Network & InfraOrange CEO open to pan-European TowerCo idea
Stéphane Richard sees “interesting opportunity” in possible tie-up with Deutsche Telekom or Vodafone. CEO wants to do “something smarter” with tower assets than selling masts to accumulator Cellnex.
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Strategy & ChangeElsewhere in Telefónica Group: Prisa stake options mooted
Prisa stake potentially in play; Cisco trumpets Telefónica sell-with relationship; next stop USA for content?
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Network & InfraDeutsche Telekom takes rain-check on full-fibre target
Rethink on mix of German next-gen deployment will see Group need a year more than expected to get up to full roll out speed.
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Strategy & ChangeCWU plots against BT transformation plans
Union’s Bonfire Night declaration promises fireworks as BT attempts to simplify processes linked to redundancies. BT management under opposing pressure from investors to move more quickly to reduce headcount.
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Venturing & InvestmentsWayra joins €2.5m ticket for rural Wi-Fi partner
Wi-Fi solution startup Galgus closes Series-A funding round led by Conexo Ventures, with Wayra investing too. Galgus is a Telefónica partner on public Wi-Fi in under-served areas.
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Strategy & ChangeCFO Werner in box seat on Telekom’s data strategy revamp
Telekom Deutschland’s money man overseeing data-driven modernisation programme, including effort to meld siloes through over-riding data lake. Data strategy seen as key to growth, efficiency, and customer experience goals.
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Strategy & ChangeTelefónica bulks up cybersecurity unit with Brazilian assets
Group further sharpens its focus on security services. ElevenPaths adds Peru to its local operations.
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Strategy & ChangeIoT.nxt rejigs management to further exploit Vodafone links
Vodacom acquisition anticipates faster international growth, prompting operational changes along territorial lines. Among the trio of internal appointments is Mark Beets, handed responsibility for developing business with Vodafone’s Partner Markets organisation.
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Network & InfraVodafone in “no rush” to deploy XGS-PON
Cornaglia says GPON fibre architecture is “probably sufficient” to meet bandwidth needs until 2025. Executive sees some promise in TWDM-PON technologies in longer term, but high costs and system instability causes for concern.
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Products & ServicesTPG woos eco-conscious consumers with felix sub-brand
Carbon-neutral sub-brand signals fresh start for newly merged TPG Telecom. TPG steps up customer acquisition push with green and unlimited data offers and gets busy on convergence. Australian sub-brand follows Vodafone playbook.
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Suppliers & SCMDeutsche Telekom to harness machine learning-based buying
DT’s finance and human resources shared services unit builds process mining expertise with Celonis. By 2025, DTSE aims to have machine learning-based recommendations for “Procure-to-Pay” process.
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Network & InfraVodafone UK unveils plans to kick-start open RAN
OpCo commits to 2,600-site rollout; suppliers in evaluation stage. VfUK aims for at least 20% of UK sites based on disaggregated architectures, but not until 2027. Timeline dovetails with Huawei kit removal roadmap. Investment geared towards encouraging more participation from operators, suppliers, and government to get open RAN ball ...
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Strategy & ChangeVodafone Ireland pushes for greater digital engagement
OpCo has deployed the first 50 Broadband Connection Points as the long-gestated National Broadband Plan starts to take shape. Reveals measures that were required to deal with the effects of the coronavirus pandemic.