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Tele2 raises FY EBITDA target after growth accelerates in Q2

2017-07-19 08:25:00| Telecompaper Headlines

(Telecompaper) Tele2 has raised its guidance for EBITDA this year, driven by improving results in its growth markets the Netherlands and Kazakhstan and success with its challenger programme in Sweden and the Baltic markets. The company now expects annual EBITDA of SEK 6.26.5 billion compared to previous guidance of SEK 5.96.2 billion, while the capex budget was trimmed to SEK 3.63.9 billion from SEK 3.84.1 billion.

Tags: in growth target raises


America Movil Q2 results improve, service revenue up 8%

2017-07-19 07:54:00| Telecompaper Headlines

(Telecompaper) America Movil reported improved results for the second quarter, with revenues up 6.9 percent year-on-year to MXN 250 billion. Service revenues rose 8.1 percent and were up 4.2 percent on at constant exchange rates, its best performance in ten quarters. The growth was led by mobile data services, which grew revenues 21.8 percent. EBITDA increased 13.7 percent year-on-year to MXN 69.4 billion and rose 10.4 percent at constant exchange rates. The company said all operations posted sequential increases in EBITDA, with very significant moves in Peru, Chile, Argentina, Europe, Mexico and Colombia. The EBITDA margin stood at 27.8 percent, up 0.7 percentage points from the prior quarter and up 1.7 percentage points from a year earlier.

Tags: service up results improve


NetLink IPO oversubscribed, raises SGD 2.35 billion

2017-07-18 14:21:00| Telecompaper Headlines

(Telecompaper) Singapore's NetLink NBN said its initial public offering of shares was two times oversubscribed, with demand for SGD 4.7 billion in shares. The wholesale network operator offered a total 2.713 million units to institutional investors and 185 million to the public in Singapore, at a price of SGD 0.81 per unit. This gives it gross proceeds of SGD 2.35 billion and a market capitalisation of SGD 3.1 billion.

Tags: billion ipo raises sgd


Liberty Global invests in new production studio with TPG

2017-07-18 12:04:00| Telecompaper Headlines

(Telecompaper) Liberty Global is starting its own TV production and distribution studio, with support from venture capital group TPG. Liberty Global will have a minority stake in the company Platform One Media, and TPG will fund their investment through Evolution Media, an investment partnership with CAA and Participant Media. Additional terms of the investment were not disclosed.

Tags: with global production studio


Russia orders end to national roaming charges within 2 weeks

2017-07-18 09:21:00| Telecompaper Headlines

(Telecompaper) Russian federal competition watchdog FAS has ordered the four major Russian mobile operators to stop charging extra for national roaming within 14 days. Beeline, MTS, Megafon and Tele2 Russia were ordered to apply the same rates for their services as in the customer's home region when the customers are traveling within the country. The regulator said that the differences in price were groundless, both from an economic and technological point of view.

Tags: end national weeks orders


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