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America Movil spins off towers, merges Chilean unit
2021-09-30 02:00:00| Total Telecom industry news
Over the past few years, operators have been striving to gain value from their infrastructure assets, especially mobile towers. Large-scale sales to increasingly interested private equity firms, as well as to neutral host giants like Cellnex, have filled the news over the past year…read more on TotalTele.com »
Tags: america
unit
towers
chilean
Telefonica spins off Colombian fibre biz with KKR
2021-07-19 02:00:00| Total Telecom industry news
Back in late 2019, Telefonica announced that it was slimming down its Latin American businesses, indicating that it would seek to sell off these assets (excluding those in Brazil), instead set to focus on its core markets of Spain, Brazil, Germany, and the UK. Since then, the company has undergone numerous asset sales in different forms…read more on TotalTele.com »
Tags: biz
fibre
telefonica
spins
SK Telecom spins off holding company for non-mobile assets
2021-04-14 02:00:00| Total Telecom industry news
In a shareholder’s meeting last month, SK Telecom’s CEO, Park Jung-ho, said that the company would look to overhaul its governance, following a number of years of stagnant growth. Now, it seems that the winds of change are indeed blowing, with the Korean operator announcing that it will spin off its non-mobile-related subsidiaries into a new holding company…read more on TotalTele.com »
Tags: company
holding
assets
telecom
Telecom Italia revenues down 5% in Q3, spins off data centre business
2020-11-11 08:57:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) reported an organic 5.0 percent year-on-year decline in revenues to EUR 3.90 billion in the third quarter of 2020, an improvement on the previous quarter's 10.1 percent fall, attributed in part to Italy's strong recovery from the first Covid-19 lockdown and higher fibre demand. Underlying service revenues also improved somewhat to EUR 3.5 billion, down 6.4 percent year on year compared to an 8.2 percent decline in the second quarter. Organic earnings before interest, tax, depreciation and amortisation (EBITDA) after lease costs came to EUR 1.76 billion, down 7.9 percent year on year, due to negative Covid-19 impact that was in part offset by a 1.3 percent rise in service revenues at TIM Brasil.
Tags: business
data
centre
italia
Porsche Digital spins off e-mobility company &Charge to promote electric mobility
2020-08-24 09:55:36| Green Car Congress
Tags: company
digital
charge
promote