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Vodafone sues Telecom Italia for 1 billion euros in competition claim

2013-08-04 13:41:26| Telecom - Topix.net

British telecoms provider Vodafone Group is suing Telecom Italia for abusing its dominant position in Italy, seeking damages of more than 1 billion euros .

Tags: italia claim competition euros

 

Manitoba Telecom Services posts second-quarter loss of $52.9M, higher revenues

2013-08-02 09:56:41| Telecom - Topix.net

That compared with a profit of $36.6 million in the same quarter last year, the regional telecom company said Thursday.

Tags: services posts loss higher

 
 

Telecom Italia cuts outlook, to go ahead with fixed spin-off

2013-08-02 09:22:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported a net loss for the first half of 2013 after writing down the value of its domestic operations. It also cut its outlook for EBITDA this year forecasting a steeper decline due to weakness in its home market. The net loss totaled EUR 1.407 billion, versus a profit of EUR 1.242 billion a year ago. Revenues fell 7 percent year-on-year to EUR 13.760 billion, with a 10.4 percent fall in Italy and negative currency effects on its operations in South America. EBITDA was down 10.6 percent to EUR 5.236 billion, and Telecom Italia said it now expects a "mid single-digit" decline for the full year, versus its previous outlook of a low single-digit drop. Adjusted net debt totaled EUR 28.813 billion at the end of June, little changed from three months earlier. The company still expects debt of less than EUR 27 billion by year-end and also reiterated its target for stable revenues over the full year. Telecom Italia said it has also decided to go ahead with the proposed spin-off of its fixed network into a separate company.

Tags: fixed italia ahead outlook

 

Manitoba Telecom Services posts second-quarter loss of $52.9M, higher revenues

2013-08-02 07:45:06| IT Services - Topix.net

That compared with a profit of $36.6 million in the same quarter last year, the regional telecom company said Thursday.

Tags: services posts loss higher

 

Telecom Italia posts 1.4bn loss on writedowns

2013-08-02 02:00:00| Total Telecom industry news

Incumbent confirms plan to proceed with network spinoff.

Tags: posts loss italia telecom

 

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