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Last week in telecoms: earnings reports, Virgin Media migrates its MVNO, Deutsche Telekom sees T-Mobile US merger progress
2019-11-11 07:00:00| Telecompaper Headlines
(Telecompaper) The Telecompaper European Telecoms Services index was down 0.3 percent in week 45, versus a gain of 2.1 percent for the EuroStoxx 50 index. The week was heavy with earnings reports, with some M&A news. Tele Columbus was the best stock to own last week, up 15 percent. At a closing price of EUR 2.45 it has come off considerably from its low of EUR 1.29 in early June. BT's loss of 8.0 percent put it among the week's worst losers. The company stands to lose Virgin Mobile as an MVNO customer from 2021.
Alibaba sees strong sales as Singles' Day kicks off
2019-11-11 05:43:34| BBC News | Business | UK Edition
The world's biggest online shopping day delivered sales of around $14bn in the first hour of trading.
USMEF Chair sees great benefits for U.S. beef in new agreement with Japan
2019-11-07 19:30:00| Beef
Assuming the U.S.-Japan trade agreement is implemented soon, and reduced tariff rates are in place for the full year, USMEF projects U.S. beef exports to Japan to reach $2.3 billion in 2020 and to approach $2.8 billion by 2025.
Tags: with
great
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Deutsche Telekom lowers dividend on spectrum costs, sees higher FY EBITDA
2019-11-07 08:28:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom has increased its outlook for full-year EBITDA, after improved results across its business in the first nine months of the year. However, the company cut its planned dividend for the year, to 60 cents from 70 cents last year, citing the costs of the pending merger with Sprint and spectrum auctions.
Tags: costs
higher
deutsche
spectrum
Qualcomm quarterly revenues down 27%, sees mixed Q1
2019-11-06 23:03:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported revenues for its fiscal fourth quarter down 27 percent year-on-year to USD 4.8 billion, as the resumption of licence payments from Apple was unable to offset the weakness in the smartphone market. The sales were at the low end of the company's guidance. Net earnings still increased, to USD 0.42 from a loss of USD 0.36 per share a year ago, thanks to fewer one-time charges and the group's share buyback programme.
Tags: mixed
quarterly
sees
revenues
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