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KPN targets EUR 300 mln cost savings in new strategic plan
2016-03-07 08:47:00| Telecompaper Headlines
(Telecompaper) KPN has unveiled its new strategic plan at its annual Capital Markets Day. The previous plan from 2011 was known as 'Simplify, grow and innovate' and the latest version is headed 'Strengthen, simplify and grow'. The focus is on customer satisfaction, which should support growing revenues on the consumer market. The Dutch operator aims to increase the number of customers and the number of services per customers. KPN's ongoing cost-reduction programme targets savings of EUR 450 million compared to 2013. Further simplification is expected to lead to another EUR 300 million in savings in the period 2017-19. This will be based on simplifying and rationalising IT, systems and networks. The Dutch activities should see an improvement in the EBITDA margin of at least three percent points in the medium term compared to 38.3 percent in 2015. KPN said it invested "ahead of the curve" and can now reduce capex to 15-17 percent of revenue in the medium term, after 20.8 percent last year. This, along with lower interest and taxes, should lead to strong growth in free cash flow and growth in dividends.
Vivendi raises Gameloft offer to EUR 7.20 a share
2016-03-01 08:50:00| Telecompaper Headlines
(Telecompaper) Vivendi has raised the price of its proposed public tender offer for Gameloft shares to EUR 7.20 per share. On 18 February, the group had announced its intent to launch an offer for Gameloft shares at EUR 6 per share. Vivendi currently holds 30 percent of Gameloft. In a related move, Vivendi announced that it now holds 15.66 percent of the share capital of Gameloft's sister company Ubisoft.
TeliaSonera preparing EUR 600 mln Yoigo sale - report
2016-02-26 09:31:00| Telecompaper Headlines
(Telecompaper) TeliaSonera has signed up Deutsche Bank to prepare the sale of its 77 percent stake in Spanish mobile unit Yoigo, according to unnamed sources cited by business daily Expansion. The report adds that TeliaSonera expects to receive bids of around EUR 600 million in the coming weeks, with rival operator Masmovil Ibercom and Zegona, the investment vehicle that last year acquired regional broadband operator Telecable, said to be most interested in Spain's number four operator. After nine years of activity in Spain, Yoigo still boasts over 3.4 million customers but its relatively low market share of just over 6 percent remains a concern to the Swedish parent company.
Tags: report
sale
eur
preparing
Telefonica, Mediapro reach EUR 2.4 bln football rights deal
2016-01-13 08:40:00| Telecompaper Headlines
(Telecompaper) Telefonica has reached a deal to acquire Mediapro's rights to broadcast Spain's top-tier La Liga football league and domestic cup competition (Copa del Rey) over the next three seasons, plus the UEFA Champions League and Europa League over the next two seasons, for a total of EUR 2.4 billion. In a statement to Spain's market regulator CNMV, Telefonica confirmed that its DTS unit, which had already been awarded the rights to some La Liga games in a recent auction, will now add Mediapro's BeIN Sports channel to its Movistar+ pay-TV service.
Telecom Italia handed EUR 21.5 mln antitrust fine
2015-12-24 08:51:00| Telecompaper Headlines
(Telecompaper) Telecom Italia and six other companies have been fined a total of EUR 28 million by anti-trust regulator AGCM for anticompetitive conduct in the procedure for assigning network maintenance services. Telecom Italia and its external suppliers Alpitel, Ceit Impianti, Sielte, Sirti, Site and Valtellina were accused of collusion in relation to restoration of service operations resulting from a report by an end user, namely the operators Fastweb and Wind, between 05 July 2012 and 01 February 2013. Telecom Italia, which was handed a EUR 21.5 million fine, issued a statement saying it had acted lawfully and would be appealing to the Regional Administrative Court of Lazio, the main Italian administrative court of first instance, to demonstrate the non-existence of the alleged anticompetitive conduct.
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