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Vodacom Group revenue rises 4.5% to ZAR 42 bln in H1

2017-11-13 09:15:00| Telecompaper Headlines

(Telecompaper) Vodacom Group has reported a 4.5 percent increase in revenue to ZAR 42.0 billion in the first half-year ending 30 September compared with ZAR 40.15 billion in the same period in 2016. The group added 4.3 million customers during the first half, 2.9 million in South Africa and 1.4 million in its international operations, to reach just over 71 million customers, up 11.8 percent. Group EBIT decreased 0.2 percent, and the EBIT margin decreased by 1.2 percentage points to 25.8 percent.  

Tags: in group revenue rises


Vodafone, Idea Cellular sell towers to ATC for INR 78.5 billion

2017-11-13 08:36:00| Telecompaper Headlines

(Telecompaper) Vodafone India and Idea Cellular have agreed to sell their tower businesses to ATC Telecom for INR 78.5 billion (USD 1.2 billion). This is part of Vodafone and Idea's planned merger. 

Tags: sell idea billion cellular


Ice negotiates extension to 2nd stage of investment in Nextel Brazil

2017-11-10 14:23:00| Telecompaper Headlines

(Telecompaper) Ice Group said that it has requested an extension of time to exercise its option to increase its ownership in Nextel Holdings, the company that indirectly owns Nextel Brazil. Ice and Nextel Holdings have started discussing the terms of an extension to the "Step 2 investment" of the Nextel Brazil transaction, it said.

Tags: stage investment brazil 2nd


Nigerian govt to roll out 18,000 km of fibre optic cable

2017-11-10 11:13:00| Telecompaper Headlines

(Telecompaper) The Nigeria Industrial Policy and Competitiveness Advisory Council, set up in March 2017 and running under the Ministry of Industry, Trade and Investment, has commenced initiatives to accelerate the country's industrialisation by installing 18,000km of fibre optic cable nationwide to improve broad band penetration.

Tags: roll cable fibre govt


Telecom Italia revenue growth slows to 1.3% in Q3, EBITDA lower

2017-11-10 10:40:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) reported a 1.3 percent year-on-year rise in revenues to EUR 4.91 billion in the third quarter, up from EUR 4.84 billion a year earlier, fuelled by continuous high demand for high-speed mobile and fixed services and the ongoing recovery at its TIM Brasil unit. However, the results were slightly below expectations in view of annual revenue rises of 6.4 percent and 8.5 percent in the previous two quarters. In September, Vivendi's chief convergence officer Amos Genish replaced Flavio Cattaneo as CEO in a further sign of the French media giant's influence over the company.

Tags: lower growth italia revenue


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