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Japanese Operator KDDI Partners with Telenor Connexion to Strengthen Its Global M2M Offering
2013-05-02 06:00:00| Industrial Newsroom - All News for Today
Telenor Connexion - The deal with Telenor will enable KDDI's enterprise customers to deploy their telematics services overseas.<br /> <br /> KDDI, the 2nd largest telecom operator in Japan, is teaming up with the leading connectivity enabler Telenor Connexion to provide a global M2M solution for its enterprise customers.<br /> <br /> KDDI has a large base of domestic M2M customers, especially in the automotive, security and utility industries. By partnering with Telenor Connexion KDDI will now ...This story is related to the following:SoftwareTelecommunications Services | Machine Monitors |
Tags: global
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Telenor names Yogesh Malik India CEO
2013-05-02 02:00:00| Total Telecom industry news
Predecessor Sigve Brekke to remain in overall charge of Norway-based telco's Asian ops.
Telenor to buy Globul for EUR 717 million
2013-04-29 08:08:00| Telecompaper Headlines
(Telecompaper) Telenor agreed to buy OTE's Bulgarian mobile unit Globul for EUR 717 million, on a cash- and debt-free basis. The transaction is expected to be finalised in Q3, pending regulatory approval. The transaction also includes Germanos Bulgaria, the telecom retailer integrated with Globul. Globul is the second largest mobile operator in Bulgaria with 4.5 million subscribers and a market share of 36 percent. Globul has been present in Bulgaria since 2001. At the end of 2012, the company had a 36 percent subscriber market share. In 2012, Globul and Germanos Bulgaria generated revenues of EUR 378 million and EBITDA of EUR 135 million. OTE said the price is equal to an estimated six times EBITDA this year. The company will use the proceeds from the sale to reduce debt.
Telenor buys into Bulgaria
2013-04-29 02:00:00| Total Telecom industry news
Norwegian telco buys mobile operator Globul and retail partner Germanos for 717 million.
Telenor lowers FY outlook after flat Q1 sales
2013-04-26 09:11:00| Telecompaper Headlines
(Telecompaper) Telenor slightly lowered its sales growth outlook for 2013, after a weak start to the year. First-quarter revenues fell to NOK 24.72 billion from NOK 25.12 billion a year ago, hurt by the reduction in scale at the Indian operations as well as regulatory effects. On an organic basis, revenues were flat, prompting the downgrade in the full-year outlook to 2-4 percent organic growth from an earlier target of 3-5 percent. Telenor still forecasts an EBITDA margin around 34 percent this year, after the Q1 result improved to 34.1 percent from 30.9 a year ago. Total EBITDA increased 8.5 percent to NOK 8.42 billion, driven by improved performance in India, Norway and Thailand. The company's net profit jumped to NOK 3.60 billion from NOK 584 million a year ago, thanks to lower impairment charges and higher results from its stake in Vimpelcom. Telenor increased capex slightly in the quarter in line with its full-year outlook to NOK 2.87 billion, and operating cash flow was also up slightly, to NOK 5.55 billion.
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