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Deutsche Telekom raises FY outlook again after Q3 growth

2017-11-09 08:15:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom has again raised its full-year outlook, after reporting solid growth in Q3 results, led by its activities in the US. Revenues rose 0.8 percent to EUR 18.3 billion, and adjusted EBITDA was up 3.3 percent to EUR 5.7 billion. On an organic basis, excluding notably the impact of the weaker dollar, revenues increased 3.3 percent and EBITDA 5.7 percent. 

Tags: growth deutsche outlook telekom

Category:Telecommunications

AT&T says Time Warner deal closing 'uncertain' amid DoJ talks

2017-11-08 16:57:00| Telecompaper Headlines

(Telecompaper) AT&T has pledged to invest an extra USD 1 billion in the US next year if Congress approves the corporate tax reforms proposed by the Trump administration. These would notably reduce the corporate tax rate to 20 percent from 35 percent and allow accelerated depreciation of investments over the next five years. 

Tags: time deal att closing

Category:Telecommunications

Ericsson scales back financial targets on RAN market slump

2017-11-08 15:13:00| Telecompaper Headlines

(Telecompaper) Ericsson has scaled back its financial targets as the contraction in the mobile network market is not expected to relent until 2020 when 5G sales start. At its Capital Markets Day, the company said it will focus on profitability over growth in the near term.

Tags: back market financial ran

Category:Telecommunications

Eniig opens up network to YouSee, TDC Business services from 2018

2017-11-08 12:10:00| Telecompaper Headlines

(Telecompaper) Regional utility and broadband supplier Eniig said it has signed an agreement enabling TDC Group to offer YouSee and TDC Business products through the Eniig fibre network from 2018. Eniig said this is the first such access deal in Denmark, after it announced in summer that it planned to open up its grid to external service providers. So far, Eniig has only provided services from Waoo, the fibre association of which Eniig is a member.

Tags: services business network opens

Category:Telecommunications

Snap plans app relaunch as growth slows, losses widen in Q3

2017-11-08 08:39:00| Telecompaper Headlines

(Telecompaper) Snap, the maker of the Snapchat app, saw its losses grow and revenue and user growth slow in the third quarter. The company reported a net loss of USD 443 million, more than triple the loss of USD 124 million a year ago. Revenues rose 62 percent to USD 208 million, after more than doubling year-on-year in the previous quarter.

Tags: plans growth losses app

Category:Telecommunications

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