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Tag: telecom
Portugal Telecom cuts dividend for 2013, 2014
2013-08-14 14:06:00| Telecompaper Headlines
(Telecompaper) Portugal Telecom announced a sharp reduction in its proposed annual dividend for 2013 and 2014 to EUR 0.10 per share. The company already halved its dividend last year, to EUR 0.325 per share. PT said it remains confident about cash flow generation, but given the weak economy, financial market conditions and the need to invest in the business, it decided to take a more prudent stance on the dividend policy. It added that its balance sheet remains strong, following the recent bond issues and the sale of its stake in CTM. The announcement came alongside first-half results showing operating cash flow (EBITDA minus capex) down 32 percent from a year earlier to EUR 421 million, as EBITDA on the Portuguese market declines and capex requirements increase at its Brazilian affiliate Oi. Free cash flow for the period was a negative EUR 16 million, and adjusted net debt was at 3.6 times estimated EBITDA, up from 3.3 a year ago.
Tags: portugal
telecom
cuts
dividend
Abertis Telecom to launch HbbTV DTT service in 2H 2013
2013-08-13 19:00:44| Digital TV News
Spain's Abertis Telecom has announced that it is planning to launch a hybrid DTT service in the second half of 2013. The offering will be based on HbbTV standards, and will be compliant with the 'TDT Híbrida en Espaa' specifications defined by AEDETI.
Tags: service
launch
telecom
dtt
UPDATE 1-EU questions how Italy telecom watchdog set broadband prices
2013-08-13 03:40:30| Telecom - Topix.net
The European Commission has questioned the way Italian telecoms watchdog AGCOM arrived at changes planned to wholesale broadband prices, claiming the move could cramp the ability of market players to decide on prices in Italy.
Tags: set
questions
prices
update
Carlos Slim in $9.6BN bid for Dutch telecom KPN
2013-08-11 22:31:54| Telecom - Topix.net
America Movil SAB, owned by Mexican billionaire Carlos Slim, will launch a 7.2 billion euro bid for the part of Dutch telecom company Royal KPN NV it doesn't already own, in a challenge to a rival offer for KPN's prized German mobile group E-Plus.
Tags: bid
carlos
dutch
telecom
Ottawa plans to go ahead with plan that could let in U.S. telecom giants: Harper
2013-08-10 00:52:25| Wireless - Topix.net
The Conservative government won't budge on rules that Canada's biggest telecoms say will give foreign wireless firms an unfair advantage, Prime Minister Stephen Harper said Friday.
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