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Masmovil adds over 500,000 clients in Q3, profits up 27% to EUR 152 mln

2020-11-23 16:01:00| Telecompaper Headlines

(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues up 20 percent year on year to EUR 1.27 billion in the first 9 months of the year after adding over 500,000 customers in the third quarter alone. Recurring 9-month EBITDA was up 27 percent year on year to EUR 428 million and also rose by 27 percent in the third quarter to EUR 152 million, with the quarterly EBITDA margin rising to 31 percent. The operator, which has recently been acquired by the Lorca Telecom consortium of buyout funds KKR, Cinven and Providence, described the results as "solid" and "in line with forecasts" in spite of the special circumstances arising from the pandemic.

Tags: to eur clients adds


OneWeb emerges from bankruptcy with new CEO

2020-11-22 20:40:00| Telecompaper Headlines

(Telecompaper) Broadband satellite company OneWeb has successfully emerged from US Chapter 11 bankruptcy protection after securing all relevant regulatory approvals. 

Tags: ceo bankruptcy emerges oneweb


SFR unveils 5G plans as network goes live in Nice

2020-11-20 11:27:00| Telecompaper Headlines

(Telecompaper) French operator SFR said that Nice is to become the first city in the country to see the arrival of its 5G services, which coincided with the announcement of 5G-compatible commercial offers. Customers can choose from four voice and data plans, which are eligible for the operator's SFR FAMiLY and Multi-Pack discounts. At the entry-level price point, subscribers will pay EUR 40 per month for a plan offering unlimited calls/texts and 80 GB of 5G data. This represents an additional EUR 5 per month compared with the standard price of an LTE plan including the same data and calls/texts allowance.

Tags: in live network nice


Altice France returns to EBITDA growth, as revenues rise 4% in Q3

2020-11-20 10:44:00| Telecompaper Headlines

(Telecompaper) Altice Europe's French operations reported an improving trend in financial performance for the three months to September, while the customer base experienced significantly lower net additions, particularly in the mobile segment. Revenues progressed 4.0 percent year-on-year to EUR 2.75 billion (+0.2% in Q2), as growth picked up in telecom activities and the contraction in the Media business eased considerably. Adjusted EBITDA rose 2.8 percent to EUR 1.08 billion, following the 1.0 percent drop reported in the June quarter.

Tags: in france returns growth


Telit receives all-share takeover bid from U-blox

2020-11-20 09:41:00| Telecompaper Headlines

(Telecompaper) Telit Communications has announced the receipt of a preliminary all-share bid approach from Swiss company U-blox. Under the terms of the Proposal, Telit shareholders would receive U-blox shares with a value of GBP 2.50 per Telit share, which would result in Telit shareholders owning approximately 53 percent in the combined company, said Telit in a brief statement. "The board of Telit is considering the proposal and a further announcement will be made when appropriate," said Telit, adding that "the proposal assumes any such merger would be structured as an offer for Telit by U-blox."

Tags: bid receives takeover telit


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