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HPE starts 3-yr cost reduction plan after Q2 hit by supply shortages

2020-05-22 09:32:00| Telecompaper Headlines

(Telecompaper) HPE reported generally lower results for its fiscal second quarter to end April, greatly hit by the global economic lockdowns enacted since February. HPE GreenLake provided a boost to the company, as did its Intelligent Edge Business in North America. But to help navigate the tough times, HPE started a new plan to reduce costs and prioritise investments and resources. Under the three-year Cost Optimization and Prioritization Plan, to run through fiscal year 2022, HPE aims to generate gross savings of at least USD 1.0 billion, with annualised net run-rate savings of at least USD 800 million. It also expects cash funding payments of USD 1-1.3 billion.

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Category:Telecommunications

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Altice France's EBITDA growth slows to 1.6% in Q1

2020-05-21 10:39:00| Telecompaper Headlines

(Telecompaper) Altice Europe's French operations generated revenues of EUR 2.64 billion in the first quarter, up 3.6 percent year-on-year (+13.3% in Q4). EBITDA rose 1.6 percent to 975 million, marginally below analysts' consensus forecast. The EBITDA growth rate slowed down sequentially from 19.6 percent in the previous quarter. The French subsidiary continued to account for 73 percent of Altice Europe's revenues, broadly stable year-on-year. 

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Category: Telecommunications

 

 

Virgin Telco launches in Spain with 300Mbps fibre, 20GB data for EUR 39

2020-05-21 08:51:00| Telecompaper Headlines

(Telecompaper) Spain's fifth largest operator Euskaltel has revealed the launch offer for its new Virgin Telco brand, available in 85 percent of the Spanish market where it's not currently present via the Orange Spain network. The flexible range of tariffs include an FTTH offer at speeds of up to 300Mbps for EUR 33 a month, rising to EUR 39 for 600Mbps broadband. This can be converted into a convergent plan with the addition of a mobile line with 20GB of 4G data and unlimited calls for an extra EUR 6 a month, rising to EUR 29 for a mobile line with unlimited calls and data.

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Category: Telecommunications

 

 

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