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Tag: telecom
Telecom Italia 9-mth revenues down 3%, won't meet FY debt target
2018-11-09 08:35:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) reported consolidated revenues of EUR 14.2 billion in the 9 months to 30 September, up 1.1 percent year-on-year on an organic basis but down 3.1 percent on a comparable basis, hurt by regulatory impacts including a return to monthly billing in Italy, a weakening of the exchange rate in Brazil and an adverse competitive impact at home. The company said comparable earnings before interest, tax, depreciation and amortization (EBITDA) in the first nine months fell 2.9 percent to EUR 6.03 billion (up 0.4% organically), while adjusted net financial debt stood at EUR 25.19 billion at the end of September. As a result of these factors and a possible domestic fine of EUR 74.3 million imposed on the phone group after the Italian government activated the so-called "golden power" rule, TIM announced that it is no longer able to reaffirm its net debt to core earnings target for the end of the year.
China Telecom consortium set to win 3rd mobile license in Philippines
2018-11-07 10:06:00| Telecompaper Headlines
(Telecompaper) China Telecom has established a consortium with local companies Udenna and Chelsea Logistics to bid for the Philippines' third mobile operator license. Dubbed Mislatel, the consortium would use Udenna's supply chain knowledge, China Telecom's technologies and Chelsea's logistics and distribution network to deliver the service, ABS-CBN News reports. The National Telecommunications Commission qualified the bid as the sole candidate after an initial evaluation of offers.
Tags: set
china
mobile
license
Last week in telecoms: record performance with telecom index closing in on its benchmark, and BT makes a leap
2018-11-05 07:00:00| Telecompaper Headlines
(Telecompaper) Last week was the the year's best so far for the European telecoms sector. Our index was up 4.0 percent, outperforming the EuroStoxx 50 index (+2.5%) and reversing much of the previous week's losses. The year-to-date performance of our index (-11%) and its benchmark (-8.3%) have come closer together. There was a record number of eights stocks making double digit gains. Earnings reports were generally welcomed, except those coming out of the satellite sector. BT made a 15 percent jump on regulatory developments. The western and southern European players faired quite well, with just two exceptions.
Tags: index
week
makes
performance
Liquid Telecom signs agreement to bolster connectivity in East Africa
2018-11-05 01:00:00| Total Telecom industry news
Pan African telco, Liquid Telecom, has signed an agreement with the Kenyan Electricity Transmission Company (Ketraco) to provide affordable, full fibre internet services to customers in East Africa. The agreement will see the pair extend services in Somalia…read more on TotalTele.com »
Tags: agreement
east
africa
signs
Deutsche Telekom, SK Telecom unveil cross-investment agreement
2018-10-22 17:14:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom and SK Telecom have announced a cross-investment agreement to help boost their 5G competitiveness in the global market. This expands their strategic technology and business partnership unveiled at Mobile World Congress (MWC) in 2016.
Tags: agreement
deutsche
telecom
telekom
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