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Telecom Italia 9-mth revenues down 3%, won't meet FY debt target

2018-11-09 08:35:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) reported consolidated revenues of EUR 14.2 billion in the 9 months to 30 September, up 1.1 percent year-on-year on an organic basis but down 3.1 percent on a comparable basis, hurt by regulatory impacts including a return to monthly billing in Italy, a weakening of the exchange rate in Brazil and an adverse competitive impact at home. The company said comparable earnings before interest, tax, depreciation and amortization (EBITDA) in the first nine months fell 2.9 percent to EUR 6.03 billion (up 0.4% organically), while adjusted net financial debt stood at EUR 25.19 billion at the end of September. As a result of these factors and a possible domestic fine of EUR 74.3 million imposed on the phone group after the Italian government activated the so-called "golden power" rule, TIM announced that it is no longer able to reaffirm its net debt to core earnings target for the end of the year.

Tags: meet target italia debt

Category: Telecommunications
 

TIM and Huawei join forces to accelerate 5G in Italy

2018-11-09 01:00:00| Total Telecom industry news

Italia Telecom (TIM) has revealled that it is ready to speed up its preparations for 5G rollout in Italy, as it looks to build on its recent success in San Marino.  TIM claims to have created the first 5G state in Europe, when it switched on a number of 5G sites in the tiny micro-nation of San Marino. Now, TIM says it is ready to ramp up its preparations for the arrival of 5G in Europe…read more on TotalTele.com »

Tags: in join italy forces

Category: Telecommunications
 

Orange deploys LTE-M network in France

2018-11-09 01:00:00| Total Telecom industry news

Orange has launched its Long Term Evoultion for Machines (LTE-M) network in France, opening the door to a whole range of IoT and connected device solutions.  The launch in France comes after Orange launched a similar LTE-M network in neighbouring Belgium…read more on TotalTele.com »

Tags: france network orange deploys

Category: Telecommunications
 

Vodafone Group makes strategic board appointment

2018-11-09 01:00:00| Total Telecom industry news

Vodafone Group has appointed Sanjiv Ahuja to the position of non-executive director with immediate effect.  Ahuja currently serves as the chairman of Tillman Global Holdings…read more on TotalTele.com »

Tags: group board makes strategic

Category: Telecommunications
 

Commscope confirms Arris takeover for USD 7.4 billion

2018-11-08 13:57:00| Telecompaper Headlines

(Telecompaper) Commscope has confirmed an agreement to acquire Arris for USD 7.4 billion including debt. The deal will more than double Commscope's annual revenues, strengthening its position in the wireless market with the takeover of Ruckus Networks and expanding its addressable market to the home gateway and video delivery markets. The Carlyle Group has agreed to invest USD 1 billion for a 16 percent stake in Commscope to help finance the acquisition. 

Tags: usd billion confirms takeover

Category: Telecommunications
 

German regulator asks EC for say on Vodafone takeover of Unitymedia

2018-11-08 13:04:00| Telecompaper Headlines

(Telecompaper) Germany's competition regulator has made a formal request to the European Commission to take over the investigation into Vodafone's proposed acquisition of cable operator Unitymedia. The Bundeskartellamt said the deal could lead to significant changes on the German cable TV and telecoms markets. 

Tags: of german asks vodafone

Category: Telecommunications
 

South African Reserve Bank says MTN's USD 10 bln Nigerian dispute poses risk to SA financial system

2018-11-08 09:13:00| Telecompaper Headlines

(Telecompaper) MTN Group's dispute with Nigerian authorities over USD 10 billion in repatriated funds and back taxes could increase risk in South Africa's financial system, depending on the outcome, the South African Reserve Bank said, according to Bloomberg. In its Financial Stability Review released in Pretoria, the bank said if MTN eventually repatriates the disputed amount to Nigerian authorities, this could affect its ability to meet its debt obligations, especially in South Africa. 

Tags: system south financial bank

Category: Telecommunications
 

Lenovo quarterly profits up as Motorola reaches breakeven

2018-11-08 08:57:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a strong improvement in results for its fiscal second quarter, supported by a return to breakeven at Motorola and continued growth in the PC business. Group revenue reached USD 13.4 billion, up 14 percent year-over-year, and operating profit more than tripled, to USD 290 million from USD 88 million a year ago. The net profit increased 21 percent to USD 168 million, and Lenovo proposed a stable interim dividend of HKD 0.06 per share.

Tags: motorola quarterly profits reaches

Category: Telecommunications
 

SingTel's half-year profit plunges 60%, revenue up 3%

2018-11-08 08:08:00| Telecompaper Headlines

(Telecompaper) Singapore operator Singtel saw its operating revenue grow 3 percent year-on-year in constant currency terms to SGD 8.40 billion in the half-year ended 30 September, underpinned by strong postpaid mobile customer growth and higher equipment sales across Singapore and Australia. EBITDA fell 3 percent in constant currency terms, driven by lower NBN migration revenues in Australia, lower voice revenue, as well as investments in the Group's digital businesses. 

Tags: up profit revenue plunges

Category: Telecommunications
 

Ericsson improves 2020 revenue outlook, aims for 12% margin by 2022

2018-11-08 08:06:00| Telecompaper Headlines

(Telecompaper) Ericsson has announced new financial targets ahead of its capital markets day on 08 November in New York. The outlook includes a higher sales target for 2020, as well as plans to reach its long-term operating margin target of 12 percent by 2022. 

Tags: revenue outlook ericsson aims

Category: Telecommunications
 

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