telecommunications
InvestingTelenor Raises Full-Year Outlook as Q3 Earnings Beat Expectations
BusinessEricsson Signs 5G Oran Deal With Spain’s MasOrange
BusinessExclusive-Ericsson Gets New 5G Contract From India’s Bharti Airtel, Sources Say
FinanceTelecom Italia Board to Meet Friday Over Bid for Sparkle Unit, Sources Say
Iliad Meets Goal to Become Europe’s 5th Largest Telecoms Operator
Date: August 29, 2024
By Gianluca Lo Nostro and Stephanie Hamel (Reuters) -France’s Iliad said on Thursday it had reached its goal to become Europe’s fifth largest telecoms operator by the number of customers, after it recorded 50 million total subscribers in the first half of 2024. The group, which already was the fifth biggest fixed broadband operator...
Telecom Italia Sells Inwit Stake to Ardian for 250 Million Euros
Date: August 13, 2024
MILAN (Reuters) -Telecom Italia (TIM) has struck a deal worth 250 million euros ($273 million) to sell its indirect holding in Italian telecoms tower company INWIT to a consortium led by French infrastructure fund Ardian. The former Italian phone monopoly said on Tuesday that proceeds from the sale were not factored into its 2024...
India’s Bharti Enterprises to Buy Altice UK’s Stake in Bt Group
Date: August 12, 2024
(Reuters) – India’s Bharti Enterprises said on Monday it has agreed to buy an around 24.5% stake in BT Group from the British telecommunication firm’s top shareholder, Altice UK. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema)...
Ericsson’s Q2 Sales Fall a Smaller-Than-Expected 7%
Date: July 12, 2024
Ericsson’s Q2 sales fall a smaller-than-expected 7% (Reuters) -Swedish telecom gear maker Ericsson reported a smaller-than-expected 7% drop in second-quarter sales on Friday as sluggish demand for 5G gear in most markets was slightly offset by 14% growth in North America. Revenue dropped to 59.9 billion crowns ($5.69 billion) from 64.4 billion crowns a year...
Ericsson to Book $1.1 Billion Impairment on Weaker Outlook for Vonage
Date: July 4, 2024
Ericsson to book $1.1 billion impairment on weaker outlook for Vonage (Reuters) -Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the second writedown on its acquisition of Vonage. The impairment charge reflects lower anticipated market...
UK’s Vodafone and Virgin Media Agree New Network Sharing Deal
Date: July 3, 2024
UK’s Vodafone and Virgin Media agree new network sharing deal LONDON (Reuters) – Britain’s Vodafone and Virgin Media O2 agreed a new network sharing agreement to extend their existing tie-up for more than a decade, in a deal they said on Wednesday was subject to approval of the merger between Vodafone and Three UK....