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Tag: telecom
Telecom Italia sales down 4.5% in Q3, reorganises wholesale
2015-11-06 08:30:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a 4.5 percent year-on-year fall in third-quarter revenues to EUR 5.4 billion, hurt by the macroeconomic situation in Brazil unit and competition in its domestic market. In the nine months to 30 September, revenues were down 6.9 percent to EUR 14.9 billion, or -3.9 percent on organic terms. EBITDA fell to EUR 5.6 billion, around 14.8 percent less than the first nine months of 2014, while net profit attributable to shareholders plummeted to EUR 362 million, compared to EUR 985 million in the year-earlier period, due above all to one-time charges and the negative impact of the company's bond buyback transactions. Domestically, the situation was rosier, with the third quarter confirming the trend of improving revenues, particularly in mobile, which recorded an increase of 1.5 percent on the third quarter of 2014. Overall third-quarter domestic revenues came in at EUR 3.8 billion, down 1.4 percent on the previous year's results. The company also announced that its board of directors had approved the plan to introduce a new equivalence model, aimed at further strengthening the efficiency and effectiveness of the delivery (activation) and assurance (support) processes in the supply of wholesale services for access to the Telecom Italia fixed network.
Tags: sales
italia
wholesale
telecom
Newcomb Spring can handle any telecom application
2015-11-06 03:52:51| Canadian Plastics Headlines
Newcomb Spring is a great source for springs and metal forms for telecom applications. It can offer design assistance, many material choices and experience The post Newcomb Spring can handle any telecom application appeared first on Canadian Plastics.
Tags: application
spring
handle
telecom
Telecom Italia share conversion to dilute Vivendi, Niel stakes
2015-11-06 01:00:00| Total Telecom industry news
Italian incumbent posts small revenue, earnings declines in first nine months, but CEO upbeat on progress.
Tags: share
italia
conversion
telecom
Cellcom to acquire Golan Telecom for ILS 1.17 bln
2015-11-05 08:45:00| Telecompaper Headlines
(Telecompaper) Cellcom announced an agreement with Golan Telecom and its shareholders for the purchase of 100 percent of Golan for ILS 1.17 billion. Golan launched mobile services in Israel in 2012, focusing on low-cost, 'all-in' tariff plans. It counts around 900,000 customers as of November, with a comparatively low churn, Cellcom said. Golan is expected to end 2015 with revenues exceeding ILS 500 million. The purchase price represents an enterprise value of ILS 1 billion for Golan, equal to around 5x adjusted EBITDA for this year. Up to ILS 400 million of the purchase price will be paid as a mandatorily convertible 5-year note issued to the sellers by the company. The note will be repaid with the issue of ordinary Cellcom shares.
Cellcom Israel announces $300M deal to buy Golan Telecom
2015-11-05 08:25:26| Telecom - Topix.net
Amid mixed signals from Israel's government over the benefits of telecom consolidation, Cellcom Israel has announced an agreement to buy Golan Telecom for 1.17B shekels . That deal means an enterprise value of about 1B shekels for Golan and an EV/EBITDA multiple of about 5, Cellcom says.
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