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Tag: maintains

ACM maintains KPN wholesale broadband regulation

2014-10-31 08:35:00| Telecompaper Headlines

(Telecompaper) Dutch regulator ACM has decided to maintain wholesale access regulation on incumbent KPN's networks for another three years. Ziggo, which is merging with UPC to become a national cable operator, will not be subject to access regulation. By opening up KPN's networks to competing providers such as Vodafone and Tele2, consumers can save at least EUR 250 million a year, according to the ACM. KPN currently serves around 40 percent of Dutch broadband customers and Ziggo 44 percent. Two nationwide players is not enough to ensure competition, the ACM found. Alternative providers on KPN's DSL and FTTH providers ensure the market remains competitive. The ACM found that requiring resale or wholesale access on cable was technically difficult to realise, while the regulation of KPN's networks is a continuation of the existing situation. Market parties will have several weeks to comment on the ACM's proposed decision for ULL, after which it will be sent to the European Commission. The regulator aims for the decision to take effect in Q1 2015. At the same time as the regulatory decision, the ACM published its competition decision on KPN's plan to increase its stake in Reggefiber. KPN is allowed to buy another 9 percent in the FTTH operator, giving it management control with a total 60 percent in Reggefiber. As the FTTH network is covered by the existing regulation of KPN, no additional conditions were applied to the acquisition.

Tags: regulation wholesale broadband maintains

Orange slows fall in revenues, maintains outlook

2014-10-23 08:14:00| Telecompaper Headlines

(Telecompaper) Orange reported third-quarter results in line with its full-year outlook, citing a better underlying revenue and customer growth trend. Revenues were down 3.5 percent year-on-year to EUR 9.805 billion. On a comparable basis, excluding regulatory effects, the drop was only 1.4 percent. Sales in its home market France were down 2.6 percent on an underlying basis to EUR 4.826 billion, Spain fell 5.0 percent to EUR 977 million, and Poland declined 2.8 percent to EUR 730 million. The rest of the world grew by 2.2 percent to EUR 1.808 billion, while Enterprise revenues were down 1.7 percent to EUR 1.525 billion. Orange said the performance was better than previous quarters, mainly due to improvements in France, Belgium and Enterprise. The operators adjusted EBITDA fell 3.6 percent year-on-year to EUR 3.245 billion and was down just 0.9 percent on a comparable basis excluding regulatory effects. Capital expenditure rose 1.1 percent year-on-year to EUR 1.307 billion or 13.3 percent of revenue. The group confirmed its target for adjusted EBITDA of EUR 12.0-12.5 billion over the full year and a stable margin. The annual dividend is still expected at EUR 0.60 per share, with an interim payment of 20 cents in December. 

Tags: fall orange outlook revenues

Brown maintains huge fundraising lead

2014-10-07 09:05:54| Energy - Topix.net

Gov. Jerry Brown will enter the final stretch of his campaign for an unprecedented fourth term with an enormous fundraising lead over Republican Neel Kashkari, according to campaign finance statements filed Monday with the Secretary of State. Brown reports that he had $23.6 million in the bank as of Sept.

Tags: lead brown huge maintains

Despite Detroit's flooding issues, most of region maintains power, DTE Energy says

2014-08-12 18:10:29| Energy - Topix.net

Metro Detroit's record level of single day rainfall on Monday surprisingly didn't appear to lead to widespread power outages by Tuesday morning.

Tags: power region issues says

Deutsche Telekom maintains outlook on stable Q2 results

2014-08-07 08:37:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom reported second-quarter revenue down 0.3 percent year-on-year to EUR 15.11 billion, while adjusted EBITDA rose 0.3 percent to EUR 4.42 billion. The company's EBITDA margin improved to 29.3 percent from 29.1 a year ago. Net profit increased by 34.2 percent to EUR 711 million, helped by a gain from the spectrum swap with Verizon in the US. Excluding one-time items, net profit declined 21.5 percent to EUR 636 million, due to increased depreciation and amortization after the MetroPCS takeover and the investment drive in the US. Overall, DT increased capital expenditure by 6.2 percent to EUR 2.20 billion in Q2, led by a 58 percent increase in Germany to EUR 1 billion. Free cash flow was down 5.4 percent to EUR 1.05 billion. The company said it's strategy of investing in networks to gain customers was starting to pay off and also grow revenues.  Deutsche Telekom confirmed its guidance for the full year 2014, with adjusted EBITDA flat at around EUR 17.6 billion and free cash flow lower at EUR 4.2 billion.

Tags: results deutsche stable outlook

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