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Tag: telecom
Etisalat, Ooredoo submit bids for Vivendi's Maroc Telecom
2013-04-24 15:23:00| Telecompaper Headlines
(Telecompaper) Etisalat and Ooredoo confirmed they have each made a binding offer to Vivendi to acquire its 53 percent stake in Maroc Telecom. The UAE-based operator said it had already conducted due diligence and secured external financing from local and international banks for the takeover. Qatar-based Ooredoo said it also had financing in place from a consortium of banks. The offer remains subject to approval by Vivendi and regulatory authorities. Vivendi confirmed it had received two offers and said it will study the bids in the coming weeks. The successful bidder will also be required to make an offer to minority shareholders in Maroc Telecom.
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France Telecom reports lower revenue, more customers in Q1
2013-04-24 08:58:00| Telecompaper Headlines
(Telecompaper) France Telecom-Orange reported group revenue down 4.1 percent on a comparable basis to EUR 10.28 billion in the first quarter, as revenue decreased by 6.1 percent in France and by 7.2 percent in Poland, but grew slightly in Spain (0.8%) and the rest of the world (0.7%). Enterprise revenue decreased by 5.3 percent to EUR 1.64 billion over the same period. The group reported a restated EBITDA down 6.6 percent to EUR 3.12 billion and capex up 6.5 percent to EUR 1.15 billion in the first quarter. The group had 229.8 million total customers, excluding MVNOs, at the end of March, an annual increase of 5.9 million customers (2.6%). For the full year, the operator confirms its EUR 7 billion target for operating cash flow.
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Etisalat to submit Maroc Telecom offer today
2013-04-24 02:00:00| Total Telecom industry news
Telco seeks Vivendi's 53% stake but local regulations require company to extend mandatory offer to minority holders too.
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France Telecom hopes 4G will help end French price war
2013-04-24 02:00:00| Total Telecom industry news
Price pressure in operator's domestic mobile market drags Q1 group revenue down 5.9%.
Hutchison not targeting Telecom Italia fixed network: source
2013-04-22 18:40:51| Telecom - Topix.net
Stocks edged lower on Monday, as earnings from Caterpillar, Halliburton and other major companies pointed to more volatile trading ahead.
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italia
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