telecommunications
Top StoriesInternet Data Growth Has Not Pushed up Telcos’ Network Costs, Dutch Government Says
Top StoriesAnalysis-Inflows Into Unloved European Telecoms Signal Brighter Future
Top StoriesDrahi Boosts Stake in Bt to 24.5%, Will Not Make an Offer
Top StoriesMacquarie Raising Hurdles to Cdp Joining Kkr Bid for Telecom Italia Grid, Sources Say
Tim Shares Slide as Reported Grid Bids Disappoint
Date: April 19, 2023
TIM shares slide as reported grid bids disappoint ROME/MILAN (Reuters) – Shares in Telecom Italia (TIM) tumbled more than 5% on Wednesday on disappointment at the reported valuation of new offers for its landline grid and submarine cable unit Sparkle. Analysts voiced concern that the bids fell well short of what leading TIM shareholder Vivendi...
Ericsson’s Quarterly Core Profit Misses Expectations
Date: April 18, 2023
Ericsson’s quarterly core profit misses expectations STOCKHOLM (Reuters) -Sweden’s Ericsson on Tuesday reported first-quarter core earnings that missed expectations as telecom customers in high-margin countries such as the United States held back on spending on 5G equipment. The company’s quarterly adjusted operating earnings fell to 3 billion Swedish crowns ($290.03 million) from 4.7 billion crowns...
Britain Sets 5G Goal, Says No ‘magic Number’ of Operators
Date: April 11, 2023
LONDON (Reuters) – Britain set an ambition to deliver next-generation 5G mobile coverage to populated areas by 2030 and said there was “no magic number” of network operators required to ensure a competitive market. All four of Britain’s mobile networks – BT’s EE, O2, owned by Telefonica and Liberty Global’s Virgin Media O2, Vodafone and...
Deutsche Telekom Reaches Majority Stake in T-Mobile U.S. – CEO
Date: April 5, 2023
(Reuters) – Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday. The company reached a majority stake in T-Mobile U.S late Tuesday, CEO Tim Höttges said at the company’s annual general meeting. “We have the majority and are the largest shareholder of the world’s...
Exclusive-Ardian Explores Taking Italian Tower Operator Inwit Private-Sources
Date: March 23, 2023
By Milana Vinn and Amy-Jo Crowley (Reuters) – French investment firm Ardian is in the early stages of exploring a bid for Italy’s INWIT, the country’s top telecommunications tower operator with a market value of 11 billion euros ($12 billion), according to people familiar with the matter. Ardian, which is the second largest shareholder in...
Telecom Italia in Talks With Unions on up to 2,000 Job Cuts in Italy
Date: March 21, 2023
MILAN (Reuters) – Telecom Italia (TIM) is seeking to cut as many as 2,000 jobs in Italy through a voluntary early retirement scheme as part of the former phone monopoly efforts to streamline its domestic operations, sources familiar with the matter said. Fresh plans aimed at reducing a workforce which numbers some 40,000 in Italy...