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European Parliament approves new telecom regulatory code

2018-11-14 14:15:00| Telecompaper Headlines

(Telecompaper) The European Parliament has given its final approval to the new EU telecoms regulations. In addition to measures designed to support the roll-out of fibre and 5G networks, the legislation extends consumer protection rules to OTT service providers and introduces a cap on the cost of intra-EU calls and SMS. 

Tags: code european regulatory telecom

 

Telecom Italia CEO Genish ousted by board, chairman takes over

2018-11-13 11:32:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has announced that its chief executive Amos Genish has been relieved of his powers following a majority vote of its board of directors. The company's chairman Fulvio Conti will take over on an interim basis and has been granted a mandate to "resolve further obligations in relation to the existing working relationship with Genish". A further board meeting has been called for 18 November to appoint a new CEO, said TIM in a short statement that provided no explanation for Genish's departure other than thanking him for the work done "in 14 months of intense activity".

Tags: over board takes italia

 
 

Telecom Italia 9-mth revenues down 3%, won't meet FY debt target

2018-11-09 08:35:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) reported consolidated revenues of EUR 14.2 billion in the 9 months to 30 September, up 1.1 percent year-on-year on an organic basis but down 3.1 percent on a comparable basis, hurt by regulatory impacts including a return to monthly billing in Italy, a weakening of the exchange rate in Brazil and an adverse competitive impact at home. The company said comparable earnings before interest, tax, depreciation and amortization (EBITDA) in the first nine months fell 2.9 percent to EUR 6.03 billion (up 0.4% organically), while adjusted net financial debt stood at EUR 25.19 billion at the end of September. As a result of these factors and a possible domestic fine of EUR 74.3 million imposed on the phone group after the Italian government activated the so-called "golden power" rule, TIM announced that it is no longer able to reaffirm its net debt to core earnings target for the end of the year.

Tags: meet target italia debt

 

China Telecom consortium set to win 3rd mobile license in Philippines

2018-11-07 10:06:00| Telecompaper Headlines

(Telecompaper) China Telecom has established a consortium with local companies Udenna and Chelsea Logistics to bid for the Philippines' third mobile operator license. Dubbed Mislatel, the consortium would use Udenna's supply chain knowledge, China Telecom's technologies and Chelsea's logistics and distribution network to deliver the service, ABS-CBN News reports. The National Telecommunications Commission qualified the bid as the sole candidate after an initial evaluation of offers. 

Tags: set china mobile license

 

Last week in telecoms: record performance with telecom index closing in on its benchmark, and BT makes a leap

2018-11-05 07:00:00| Telecompaper Headlines

(Telecompaper) Last week was the the year's best so far for the European telecoms sector. Our index was up 4.0 percent, outperforming the EuroStoxx 50 index (+2.5%) and reversing much of the previous week's losses. The year-to-date performance of our index (-11%) and its benchmark (-8.3%) have come closer together. There was a record number of eights stocks making double digit gains. Earnings reports were generally welcomed, except those coming out of the satellite sector. BT made a 15 percent jump on regulatory developments. The western and southern European players faired quite well, with just two exceptions.

Tags: index week makes performance

 

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