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Tag: telecom
France Telecom says TPSA results won't hit outlook
2013-02-12 01:00:00| Total Telecom industry news
Polish subsidiary reported 55% drop in net profit on falling sales.
Tags: results
france
hit
outlook
Telecom Italia cuts dividend to boost investments
2013-02-11 08:58:00| Telecompaper Headlines
(Telecompaper) Telecom Italia announced it will cut dividend payments to EUR 450 million a year until 2015, in order to continue investing in the fixed and mobile operations in Italy and mobile services in Brazil. The company will also issue up to EUR 3 billion in hybrid subordinated debt securities in the next 18-24 months to strengthen its balance sheet. In its new strategic plan, the Italian operator targets stable revenues and a smaller decline in EBITDA this year, with net debt cut to less than EUR 27 billion by year-end. In the period to 2015, the aim is a low single-digit CAGR in sales and EBITDA and cumulative capex of EUR 16 billion over the three years. By the end of 2015, adjusted net debt should be less than two times EBITDA. In Italy, the focus will be on expanding the LTE and FTTC networks, as well as implementing another EUR 1.6 billion in cost reductions over the period.
Tags: italia
investments
telecom
cuts
Telecom welcomes customers onto 4G LTE trial
2013-02-11 06:54:06| Telecom - Topix.net
Telecom New Zealand welcomed a small group of customers in Auckland and Wellington on to its 4G LTE trials this week.
Tags: trial
customers
telecom
welcomes
Telecom Italia halves dividend for 2013-2015
2013-02-11 01:00:00| Total Telecom industry news
Italian incumbent aims to support capital spending while maintaining healthy balance sheet.
Tags: italia
telecom
dividend
halves
Judge lets SEC pursue foreign bribery case vs telecom execs
2013-02-09 17:24:50| Telecom - Topix.net
A Manhattan federal judge said the U.S. Securities and Exchange Commission may pursue civil bribery charges against three former executives at a Hungarian unit of Deutsche Telekom AG.
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