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Tag: telecom
Maroc Telecom accelerates growth in Q3
2015-10-26 09:01:00| Telecompaper Headlines
(Telecompaper) Maroc Telecom Group recorded third-quarter revenues up 4.8 percent on a like-for-like basis, thanks to a return to growth in Morocco (+3.3%) and accelerating International growth (+8.7%). Its customer base reached 51 million at 30 September, up 29 percent year-on-year, thanks to the acquisition of new subsidiaries from its parent Etisalat. EBITDA was up 5.1 percent on a like-for-like basis thanks to Morocco's EBITDA resumed growth (+1.6%) and the strong increase in International EBITDA (+13.2%). Over the first nine months of the year, revenues rose 16.6 percent to MAD 25.5 billion, and EBITDA was up 6.2 percent to MAD 12.76 billion. Net profit fell 6.2 percent to MAD 4.32 billion due to higher costs for the acquisition and consolidation of the new subsidiaries. Operating cash flow in the year to date was MAD 7.03 billion, 9.4 percent less than the same period the previous year as a result of the payment of the 4G licence in Morocco (MAD 910 million) and the renewal of the 2G licence in Mauritania for MAD 301 million. Excluding licences, cash flow was up 6.2 percent, as the 61 percent increase at the International activities more than offset the 12 percent decrease in Morocco. The Group's International activities posted revenues of MAD 10.22 billion, up 60.3 percent as a result of the group's broader scope and up by 6.5 percent on a like-for-like basis. The historical subsidiaries increased revenue 7.9 percent at constant exchange rates, and the newly acquired subsidiaries grew by 4.6 percent on the same basis. Third-quarter revenues from the International activities were up 8.7 percent, driven by the acceleration in growth at the new subsidiaries (+11.4%), impelled mainly by strong performance in the Ivory Coast and Niger.
Vivendi raises Telecom Italia stake over 20%
2015-10-26 08:38:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has announced that it has further boosted its stake in Telecom Italia to 20.03 percent of the company's ordinary shares. Vivendi has been the Italian operator's largest shareholder since June, when it received 8.24 percent of shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT and purchased 6.66 percent of additional shares. The French group subsequently increased its holding to 15.5 percent in September and 19.9 percent earlier this month. In a statement Vivendi reiterated its intention to be a long-term shareholder of the Italian telecoms group and, more generally, to develop Vivendi's activities in southern Europe. The company is said to be looking for a wider platform for the distribution of content created by its subsidiaries such as Canal Plus and Universal Music Group in Italy.
Tags: italia
telecom
raises
stake
Vivendi's Telecom Italia stake creeps up
2015-10-26 01:00:00| Total Telecom industry news
French company increases its holding in Telecom Italia to 20.03%.
Tags: italia
telecom
stake
creeps
John Malone's Liberty Global in Talks to Acquire Caribbean Telecom Firm
2015-10-23 06:02:14| Telecom - Topix.net
A possible deal for Cable & Wireless would expand the international cable company's reach in the region and could be valued at $5 billion-plus. John Malone's Liberty Global said Thursday that it is in talks to acquire cable and telecom company Cable & Wireless Communications.
Tags: john
global
firm
telecom
SK Telecom, Ericsson demo 5G network slicing
2015-10-23 02:00:00| Total Telecom industry news
Korean telco says technology will improve network efficiency, reduce time-to-market for new services.
Tags: network
demo
telecom
ericsson
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