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Top StoriesM&A May Breathe New Life Into Europe’s Neglected Telecoms
M&A May Breathe New Life Into Europe’s Neglected Telecoms
Date: March 1, 2024
M&A may breathe new life into Europe’s neglected telecoms By Danilo Masoni MILAN (Reuters) – A series of potential deals across Europe’s fragmented telecoms industry has put the battered sector in the spotlight, as consolidation could help boost profit margins. European telecoms stocks are at fresh record lows relative to the market after years of...
Swisscom in Advanced Talks to Buy Vodafone Italia for $8.7 Billion
Date: February 28, 2024
Swisscom in advanced talks to buy Vodafone Italia for $8.7 billion By Paolo Laudani and Paul Sandle LONDON (Reuters) -Swisscom said on Wednesday it was in exclusive talks to buy all of Vodafone Italia for 8 billion euros ($8.7 billion) and would merge the business with its Italian subsidiary Fastweb. The proposed purchase would be...
E&’s CEO Hatem Dowidar Joins Vodafone’s Board
Date: February 14, 2024
E&’s CEO Hatem Dowidar joins Vodafone’s board LONDON (Reuters) – The chief executive of Abu Dhabi telecoms group E&, Hatem Dowidar, will join Vodafone’s board later this month as a non-executive director after the British company said it had received the necessary regulatory approvals. E& is Vodafone’s biggest shareholder, with a 14.6% stake, and the...
Swisscom Profit Rises on Fastweb Growth, Declines Comment on Vodafone Talks
Date: February 8, 2024
Swisscom profit rises on Fastweb growth, declines comment on Vodafone talks By Mateusz Dobrzyniewski and Anastasiia Kozlova (Reuters) -Swisscom met expectations with a 4.9% rise in full-year core profit on Thursday boosted by growth in its Fastweb business in Italy. Fastweb is seeing accelerating growth in its customer base, with revenue from both business and...
Telenor Q4 Core Profit in Line With Expectations
Date: February 7, 2024
Telenor Q4 core profit in line with expectations OSLO (Reuters) -Norwegian telecoms operator Telenor on Wednesday reported fourth-quarter core operating earnings in line with expectations and said it expected low single-digit organic sales growth in Nordic service revenues in 2024. Adjusted earnings before interest, tax, depreciation and amortisation for October-December rose to 8.5 billion crowns...
Europe’s Telcos Can Continue to Charge for intra-EU Calls Until 2028
Date: February 6, 2024
Europe’s telcos can continue to charge for intra-EU calls until 2028 By Foo Yun Chee BRUSSELS (Reuters) – Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators can continue to charge users for intra-EU calls until 2028 under a provisional deal agreed by EU countries and lawmakers on Tuesday. European Union lawmakers last year proposed...