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Masmovil buys Lebara Spain for EUR 55 mln, adds 423,000 customers

2018-11-21 09:18:00| Telecompaper Headlines

(Telecompaper) Spanish telecommunications group Masmovil, the country's fourth largest network operator, has announced the acquisition of ethnic MVNO Lebara Spain for EUR 55 million, adding a total of 423,000 new prepaid clients to a customer base that recently passed 7 million. Lebara started operations in Spain back in 2007 and reported revenues of around EUR 50 million over the past 12 months. In a statement Masmovil said it expects to obtain operational synergies from the transactions due to the reduction of the costs of Lebara's MVNO contract with Vodafone expiring in April 2019, which will result in a post-synergy EBITDA of around EUR 24 million.

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Iliad up to over 2.2 mln subs in Italy in Q3, contributes EUR 46 mln in revenue

2018-11-14 09:04:00| Telecompaper Headlines

(Telecompaper) France's Iliad said its newly-launched Italian venture delivered an "exceptional commercial performance" in the third quarter, with customer numbers rising to 2.23 million at the end of September from 1.5 million in early August. Iliad entered the Italian market as the country's fourth mobile network operator on 29 May and the new unit contributed a total of EUR 46 million to the parent company's revenues in the July to September period, nearly 4 percent of the group's total, adding to the EUR 9 million generated in its first month of activity. 

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Nokia wins contracts worth EUR 2 bln from three Chinese operators

2018-11-07 09:26:00| Telecompaper Headlines

(Telecompaper) Nokia announced it has signed three separate frame agreements worth a combined value of more than EUR 2 billion with China Mobile, China Telecom and China Unicom. Under the terms of the contracts, Nokia will deploy technologies and services designed to upgrade performance in fixed and mobile broadband networks across China to support operators' transition to 5G.

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Italy fines Apple and Samsung EUR 15 mln over 'planned obsolescence'

2018-10-24 15:46:00| Telecompaper Headlines

(Telecompaper) The practice breached articles 20, 21, 22 and 24 of Italy's Consumer Code in that the companies failed to inform consumers of the serious malfunctions that the new firmware could cause due to the greater stress placed on the device's hardware and the high repair cost of out-of-warranty repairs connected to such malfunctions, added the regulator.

Tags: eur italy samsung apple

 

Italian 5G tender comes to a close with EUR 6.55 bln raised

2018-10-03 08:42:00| Telecompaper Headlines

(Telecompaper) Italy's Ministry of Economic Development announced the completion of the national 5G spectrum tender, with the total amount raised after 14 days of competitive bidding coming to EUR 6.55 billion, more than USD 4 billion over the minimum reserve price of EUR 2.5 billion. The five companies vying for spectrum in the in 694-790 MHz, 26.5-27.5 GHz and 3.6-3.8 GHz bands Telecom Italia (TIM), Wind Tre, Vodafone, Fastweb and Iliad ended up offering some 164 percent more than the value of initial bids made on 11 September, due above all to the demand for spectrum in the 3.7GHz band, available from 01 January 2019, which raised a total of EUR 4.35 billion.

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