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Tag: telefonica
Telefonica slows German revenue decline to 0.5% in Q3
2014-11-10 10:50:00| Telecompaper Headlines
(Telecompaper) O2 Germany added 143,000 postpaid customers and 70,000 new prepaid customers in the third quarter to take its mobile base to 19.6 million at the end of September. The figures do not yet include E-Plus, which was consolidated only from 01 October. The operator's retail fixed broadband base fell by another 31,000 customers in Q3 to 2.2 million. Telefonica said the Q3 results confirmed the improving trend since the beginning of the year, with revenues in the third quarter down only 0.5 percent year-on-year to EUR 1.219 billion, compared to drops of 4.4 percent in Q2 and 8.8 percent in Q1. Mobile service revenues totaled EUR 754 million, down 1.5 percent. The drop in mobile revenue was limited by growth in mobile data and the company's data monetisation strategy. Mobile data revenues including SMS revenues were up 0.2 percent in Q3 to EUR 366 million. Non-SMS mobile data revenue was up 9.3 percent in the same period. OIBDA was still down 17.8 percent to EUR 240 million in Q3, giving a margin of 19.7 percent. The result was hurt by initial restructuring costs related to the acquisition of E-Plus as well as investments in sales and marketing. Capital expenditure was down 15.6 percent year-on-year to EUR 145 million. Telefonica said it had already started the integration of E-Plus with the appointment of new management and plans to cut 1,600 duplicate jobs from the merged group.
Tags: german
revenue
decline
q3
Telefonica raises 687m from China Unicom stake sale
2014-11-10 01:00:00| Total Telecom industry news
Spanish incumbent offloads half of its remaining stake in Chinese operator.
CNMC fines Telefonica EUR 26 mln for 'restrictive' contracts
2014-11-05 10:07:00| Telecompaper Headlines
(Telecompaper) Spain's telecoms regulator CNMC has fined Telefonica a total of EUR 25.78 million for practices that limit the ability of its business customers to switch operators and change contracts. Telefonica is accused of including permanence clauses in its SME contracts that were automatically renewed and also included penalties that became increasingly higher as contract expiry date approached. The CNMC described the practice as anti-competitive in that it served to "disproportionately" limit the capacity of Telefonica's mobile customers to change operators. In addition, Telefonica's actions "substantially increased the costs that competitors had to incur to gain customers at the expense of Telefonica," said the CNMC in its decision. The regulator added that the fine reflected the fact that the permanence clauses had been in place since 2006, excluding other operators from the business segment of the mobile services market, which accounted for over 70 percent of Telefonica's revenues in the SME division in 2012. Telefonica has reacted "with perplexity" at the CNMC's decision, according to business daily Expansion, and will proceed to immediately lodge an appeal on grounds that the decision is clearly discriminatory against Telefonica, in that it ignores identical practices of other operators in the Spanish market.
Tags: eur
contracts
fines
restrictive
Telefonica fined 26m for anti-competitive practices
2014-11-05 01:00:00| Total Telecom industry news
Spanish telco made it difficult for SME customers to switch operator, CNMC rules.
Tags: practices
26m
telefonica
fined
Oi, America Movil, Telefonica to bid for Brazil's TIM: sources
2014-10-31 22:09:52| Telecom - Topix.net
Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais for control of TIM ParticipaA A es SA , which owns about 67 percent of TIM ParticipaA A es, said the first source, who requested anonymity since the deal is in the works. A bid could be presented within two weeks, both sources added.
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