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Three UK asks Ofcom to drop costly rural connectivity initiative

2019-04-18 02:00:00| Total Telecom industry news

Three UK has called on the UK’s telecoms regulator, Ofcom, to ditch a scheme intended to boost connectivity in the country’s hard to reach rural locations…read more on TotalTele.com »

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Galliford Try shares drop on profit warning

2019-04-16 10:08:12| BBC News | Business | UK Edition

Construction firm warns of "reduced profits" as it sets about shrinking the scale of its business.

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Tesla shares sink as car deliveries drop

2019-04-04 15:54:12| BBC News | Business | UK Edition

The electric carmaker blames shipment difficulties with Europe and China for a sharper than expected fall.

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Vivendi move to drop board reshuffle bid 'courageous' - TIM CEO

2019-04-01 09:28:00| Telecompaper Headlines

(Telecompaper) The chief executive of Telecom Italia (TIM) Luigi Gubitosi has described the decision of leading shareholder Vivendi to withdraw its proposal to replace five board members at the Italian operator as "courageous" and a first move towards peace. US fund Elliott seized control of the board of directors in May, when 10 of its proposed independent candidates were appointed, together with 5 Vivendi-nominated directors, in a 15-strong board. However, Vivendi subsequently called for the removal of TIM chairman Fulvio Conti and four other Elliott-appointed directors on grounds of a "substantial lack of independence" and for conspiring to replace TIM CEO Amos Genish, a former Vivendi executive, a motion it revoked just ahead of the 29 March shareholders meeting.

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Altice France posts 15.6% drop in EBITDA in Q4, expects return to growth in 2019

2019-03-29 10:52:00| Telecompaper Headlines

(Telecompaper) Altice expects a return to revenue and EBITDA growth in 2019 for its French operations, as SFR continued to add customers in both the consumer fixed and mobile markets during the fourth quarter. The company is guiding for revenue growth between 3 and 5 percent for the current year, after a fall of 4.3 percent in 2018, and adjusted EBITDA of EUR 4.0-4.1 billion, up from EUR 3.8 billion last year. The operating free cash flow for 2018 (EUR 1.52 billion) was in line with management expectations.

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