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Tag: telecoms
Credit Suisse Maintains Overweight On Chinese Telecoms Ahead Of Half-Year Earnings
2015-07-03 19:07:47| Telecom - Topix.net
In a report published Friday, Credit Suisse analyst Colin McCallum published a sector report that maintained an Overweight rating on the Chinese Telecoms ahead of the 1H15 results. China Unicom Limited , China Mobile Ltd. and China Telecom Corporation Limited are scheduled to report their 1H15 results in August.
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U.S. Goes After $300 Million in Alleged Bribes Paid by Russian Telecoms Giants
2015-06-30 17:18:52| Telecom - Topix.net
The U.S. has filed to seize $300 million in alleged bribes that it claims were handed over by two major Russian telecoms firms to a close relative of Uzbek President Islam Karimov in exchange for access to the Uzbek telecoms market, news agency Bloomberg reported Tuesday. The complaint filed by the U.S. Justice Department in a Manhattan federal court on Monday claims that leading Russian mobile phone operator MTS and fellow telecoms major VimpelCom - owned in part by Russian billionaire Mikhail Fridman - bribed a relative of Karimov's, the report said.
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Bouygues rejects Altice takeover offer for telecoms arm
2015-06-23 21:59:00| Telecompaper Headlines
(Telecompaper) Bouygues Group has rejected an unsolicited bid from Altice to buy its operator Bouygues Telecom. The French construction and media group said it was confident in Bouygues Telecom's ability to continue independently, given the growth opportunities on the market for digital services, its strong spectrum holdings and 4G network, success with its recently launched Android TV box and ongoing cost reduction efforts. After a board meeting to discuss the bid, Bouygues said its board felt the telecom activities could return to an EBITDA margin of at least 25 percent by 2017, the same level as in 2011, prior to the launch of the fourth mobile network operator in France. Bouygues said it was also concerned about the "execution risk" of Altice's offer, given the likely close regulatory scrutiny of the deal. The acquisition by Altice would see Bouygues Telecom merged with SFR-Numericable, reducing the country to three mobile networks and eliminating a major player on the fixed broadband market. Bouygues said it was not satisfied with Altice's response on how it would handle the regulatory questions, nor there was any certainty on the deal would affect the 700 MHz band auction planned in France late this year. Finally, Bouyues said it was concerned about the "social risks" of the acquisition, which would likely lead to numerous job losses.
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French telecoms giant bids for rival
2015-06-22 09:32:32| BBC News | Business | UK Edition
French telecoms giant Numericable-SFR makes a 10bn offer for rival Bouygues Telecom, but the government expresses reservations.
Tough competition ahead as China's Big Three telecoms operators eye red-hot internet of things
2015-05-25 13:32:44| Telecom - Topix.net
One of mainland China's largest mobile network operators is hoping to beat its domestic rivals in expanding into the internet of things, which includes wearable devices, mobile payment and smart cars, a senior executive said on Monday. Liu Chunyang, general manager in charge of online platforms and corporate partnership at China Mobile IOT Company, said China Mobile would have major advantages to succeed against its domestic rivals - China Unicom and China Telecom - for internet of things related business due to the company's wider and more stable mobile data services coverage nationwide.
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