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WindTre's Very Mobile brand launches first official plans from EUR 5 for 30GB
2020-03-17 08:58:00| Telecompaper Headlines
(Telecompaper) Very Mobile, the new low-cost brand of Italian operator WindTre, has launched its first range of permanent plans following the recent introductory offer for the first 20,000 subscribers. The basic plan costs EUR 4.99 a month for unlimited calls and SMS plus 30GB of data at 4G speeds, and is available online and in physical stores to customers porting their number from most MVNOs including Fastweb Mobile, CoopVoce, PosteMobile, Digi Mobil, LycaMobile, Rabona Mobile and Tiscali, but excluding Vodafone's Ho Mobile and TIM's Kena Mobile brands.
Apple fined record EUR 1.1 bln in France over unfair sales practices
2020-03-16 16:08:00| Telecompaper Headlines
(Telecompaper) Apple and two of its wholesale distribution partners, Ingram Micro and Tech Data, received fines totalling EUR 1.24 billion from the French antitrust regulator, following an investigation started in 2012. The companies have been found guilty of operating a cartel for a range of Apple products including computers and tablets, but not the iPhone. The fine inflicted on Apple amounts to EUR 1.1 billion, the largest ever imposed by the French competition watchdog. Tech Data and Ingram Micro will have to pay sanctions of EUR 76 million and EUR 63 million respectively.
TIM fined EUR 116 mln for abusing dominant position in fibre rollout
2020-03-09 09:50:00| Telecompaper Headlines
(Telecompaper) Italian antitrust watchdog AGCM has fined Telecom Italia (TIM) a total of EUR 116 million for abusing its dominant position in the expansion of its fibre-optic broadband network to underserved and rural areas across the country. In a decision issued some 3 years after the investigation was launched, Italy's antitrust authority accused TIM of purposely taking steps to slow down the process of rolling out broadband in so-called digital divide areas by appealing against the tenders launched by the government.
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Masmovil buys MVNO Lycamobile Spain for EUR 372 mln
2020-03-02 10:11:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications group Masmovil, the country's fourth largest network operator, has announced an agreement to acquire 100 percent of the shares of MVNO Lycamobile Spain for a total of EUR 372 million, confirming earlier reports. The subsidiary of the UK-based Lycamobile group has been targeting the ethnic market in Spain since its launch in 2010 and reported revenues of EUR 132 million and an EBITDA of around EUR 45 million last year.
Masmovil FY revenues hit EUR 1.7 bln after adding 1.4 mln subs in 2019
2020-02-28 09:47:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 1.68 billion for 2019, up 16 percent year on year, and service revenues of EUR 1.46 billion, up 24 percent, after adding some 1.4 million mobile and fibre customers over the period. Adjusted EBITDA was up 42 percent year on year to EUR 468 million, with the company's EBITDA margin rising 5 percentage points to 28 percent. Full-year profit climbed 32 percent on a reported basis to EUR 93 million, impacted by EUR 108 million non-cash financial expenses related to a convertible bond acquisition in Q2 and a EUR 144 million capital gain derived from the sale of 1 million residential fibre units to Macquarie in Q4.
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