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EU confirms in-depth investigation into Amazon use of sellers data

2019-07-17 12:17:00| Telecompaper Headlines

(Telecompaper) The European Commission has confirmed the start of a formal antitrust investigation into Amazon's use of sensitive data from independent retailers who sell on its marketplace. The Commission said Amazon's agreements with sellers may breach EU competition rules and the company could be abusing its dominant position. 


Category:Telecommunications

Vodafone ratings put on Creditwatch negative by S&P

2019-07-17 10:19:00| Telecompaper Headlines

(Telecompaper) S&P has put Vodafone Group's BBB+ debt ratings on Creditwatch negative, suggesting the operator will have difficulty reducing leverage after completing the takeover of Liberty Global's assets in Germany and Eastern Europe. The ratings agency said the deal is likely to receive regulatory approval, and the additional debt will see Vodafone's leverage peak at 3.4-3.5x adjusted EBITDA in fiscal 2020. 

Tags: put sp ratings negative

Category:Telecommunications

Tele2 Q2 revenue drops 2%, underlying EBITDA rises 3% as Com Hem consolidation progresses

2019-07-17 10:10:00| Telecompaper Headlines

(Telecompaper) Tele2 has reported a 2 percent decline in second quarter group revenue to SEK 6.79 billion, with end-user service revenue falling by 1 percent to SEK 5.08 billion. Net profit was SEK 2.1 billion, boosted by the capital gain from the sale in Kazakhstan but dented by goodwill impairment in Estonia. In Sweden, the Com Hem integration is progressing, and it reached its FY run-rate synergy target after only six months.

Tags: hem revenue underlying consolidation

Category:Telecommunications

Ericsson maintains organic growth at 7% in Q1, margins improve

2019-07-17 09:01:00| Telecompaper Headlines

(Telecompaper) Ericsson maintained its organic sales growth at 7 percent in the second quarter, driven by a solid performance at its Networks division with growth in North America and Asia. Reported sales grew 10 percent to SEK 54.8 billion, helped by currency effects, and the gross margin rose to 36.6 percent from 34.8 percent a year ago. 

Tags: improve growth organic ericsson

Category:Telecommunications

America Movil underlying service revenue growth improves to 2.3% in Q2

2019-07-17 08:37:00| Telecompaper Headlines

(Telecompaper) America Movil said its underlying service revenue growth improved to 2.3 percent in the quarter, from 0.8 percent growth in the Q1. This excludes the effects of the stronger Mexican peso and Argentina, which is subject to hyper-inflation. Stronger mobile revenues, in Mexico, Colombia and the US, as well as continued expansion in fixed broadband drove the underlying growth. 

Tags: service america growth revenue

Category:Telecommunications

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