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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.
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Category:Telecommunications
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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."
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Category: Telecommunications
Ice Group says CFO resigns to take up new role elsewhere on 01 March
2020-11-20 09:38:00| Telecompaper Headlines
(Telecompaper) Ice Group has announced the resignation of CFO Henning Karlsrud with effect from 01 March 2021, saying that he has accepted a position elsewhere. Karlsrud will continue as CFO during his notice period, or until a successor is in place. If necessary, he will support Ice on an ad-hoc basis after that date.
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Category: Telecommunications