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Tag: telecom
BT accuses U.S. telecom rivals of hurting competition - FT
2015-08-24 01:13:24| IT Services - Topix.net
A BT Group Plc executive has called for the United States to require its telecommunications companies to allow access to their networks at regulated prices, similar to rules in place in the United Kingdom, the Financial Times reported on Sunday. Bas Burger, president of the British company's Americas unit, told the newspaper that a lack of regulation has hampered competition in the United States, where AT&T Inc and Verizon Communications Inc control about 80 percent of the telephone and broadband lines used by homes and businesses.
Tags: competition
ft
telecom
rivals
U.S. authorities seek to seize $1 bln in telecom probe -WSJ
2015-08-14 12:25:36| Appliances - Topix.net
Aug 14 U.S. authorities are asking counterparts in Europe to seize about $1 billion in assets related to an investigation into three telecom companies and intermediaries close to the daughter of Uzbekistan's president, the Wall Street Journal reported on Friday. Vimpelcom Ltd, Mobile TeleSystems and TeliaSonera AB are under scrutiny from the U.S. Department of Justice and the Securities and Exchange Commission, as well as some authorities in Europe.
Tags: seek
authorities
telecom
probe
T-Mobile Jumps on Dividend, Sprint Surges on Upgrade: Telecom Winners & Losers
2015-08-11 19:22:51| Telecom - Topix.net
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Tags: upgrade
telecom
winners
sprint
China Telecom taps Ericsson for small cells
2015-08-11 02:00:00| Total Telecom industry news
Operator uses Radio Dot system to provide 300 Mbps indoor mobile coverage in two branch offices.
Tags: small
china
cells
telecom
Telecom Italia net profit down sharply in H1 to EUR 29 mln
2015-08-07 08:40:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a sharp fall in first-half net profit, to EUR 29 million from EUR 543 million a year earlier. The company was hurt by a range of one-time charges for restructuring, legal settlements and financial transactions. Telecom Italia said that without these one-times, profit would have reached EUR 650 million. The group's revenues were also down 4.3 percent from a year earlier to EUR 10.097 billion, with a 2.1 percent fall in Italy and 10.7 percent drop in Brazil. On an organic basis, excluding currency effects and changes in scope, revenues fell 3.3 percent. EBITDA dropped to EUR 3.633 billion from EUR 4.345 billion a year ago, and the margin fell to 36.0 percent from 41.2. Excluding the EUR 399 million in one-time charges, EBITDA was down just 5.0 percent, with a margin at 39.9 percent. Operating cash flow declined to EUR 701 million from EUR 1.044 billion, hurt by the cost of renewing the GSM licence in Italy and investments in new services. Adjusted net financial debt reached EUR 26.992 billion at the end of June, up by EUR 341 million from the end of 2014, as income from the Inwit IPO and towers sales was offset by higher costs for real estate and towers leases.
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