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Tag: deutschland
Vodafone completes 7.7bn Kabel Deutschland deal
2013-10-14 02:00:00| Total Telecom industry news
German fixed-line market set for shake-up after Voda secures 76.57% of cableco.
Tags: deutschland
deal
kabel
vodafone
Kabel Deutschland cuts FY sales growth outlook on slow Q1
2013-10-10 11:21:00| Telecompaper Headlines
(Telecompaper) German cable network operator Kabel Deutschland has released selected preliminary figures for its second quarter ending 30 September. The Internet & Phone business added 84,000 net subscribers in Q2, representing the strongest Q2 in recent years. Premium TV recovered after a soft Q1 following measures to stimulate demand and sales, adding 55,000 RGUs in the quarter. Premium TV performance in Q2 was affected by the churn of around 15,000 remaining Kabel BW pay-TV wholesale customers. Following a slowdown in Q1, revenue returned to growth in Q2 with a EUR 7 million quarter-on-quarter increase. Total revenues for Q2 reached EUR 471 million, up 4 percent from a year earlier, driven by the recovery in Premium TV and strong trends in the Internet & Phone business. However, given the shortfall in Q1 and based on a six-month review, it is now unlikely that revenue growth can be caught up for the full fiscal year. As a result, the management now expects revenue growth of 5-6 percent for the full year to end-March 2014, down from around 8 percent forecast previously.
Tags: sales
deutschland
growth
slow
KPN shareholders approve sale of E-Plus to Telefonica Deutschland
2013-10-02 02:00:00| Total Telecom industry news
Takeover deal still requires approval of European competition authorities.
Tags: sale
deutschland
approve
shareholders
Kabel Deutschland abandons Tele Columbus deal
2013-09-24 15:15:00| Telecompaper Headlines
(Telecompaper) German cable network operator Kabel Deutschland has finally abandoned its plans to acquire rival Tele Columbus, Reuters reports. A Kabel Deutschland spokesperson said that it had withdrawn its appeal against a Federal Cartel Office decision to block the takeover. The spokesperson said that it did not want a protracted legal battle following its takeover by Vodafone Group.
Tags: deutschland
deal
columbus
tele
EC approves Vodafone takeover of Kabel Deutschland
2013-09-23 10:23:00| Telecompaper Headlines
(Telecompaper) The European Commission (EC) has cleared the acquisition of German cable network operator Kabel Deutschland Holding by Vodafone Group. The EC's investigation confirmed that the activities of the merging parties were mainly complementary. While Kabel Deutschland primarily offers cable TV, fixed line telephony and internet access services, Vodafone's core business consists of mobile phone services. Vodafone also offers fixed-line telephony, internet access and IPTV services. The EC found that in markets where the parties' activities overlap, the increase in market share resulting from the proposed transaction is insignificant and will therefore not appreciably alter competition. With merger approval from the EC, all conditions to the offer have been met and Vodafone expects to close the transaction on 14 October.
Tags: deutschland
kabel
vodafone
approves
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