telecommunications
Top StoriesOrban Tightens Hold Over Telco Sector as Vodafone Sells Hungarian Unit
Top StoriesDeutsche Telekom Lifts Profit View, Aims for T-Mobile Majority Soon
Top StoriesPolitics Has Not Stalled Italy Network Deal talks-TIM CEO
Top StoriesTelecom Italia Trims Expected 2022 Core Profit Drop
Bouygues Raises Telecoms Target After Beating Profit Expectations
Date: August 2, 2022
(Reuters) -French conglomerate Bouygues reported better than expected first-half core profit on Tuesday and raised its telecoms division’s targets for the full year. The construction, telecoms and media group posted current operating profit – operating profit excluding exceptional costs mainly related to merger and acquisition activity – of 492 million euros ($505 million) for the...
Telecom Italia Seals Deal With Unions on More Jobs Cuts in Italy
Date: July 29, 2022
MILAN (Reuters) -Telecom Italia (TIM) has clinched an agreement with national trade unions to cut 2,100 jobs through an early retirement scheme as part of a wider cost-cutting plan to 2024, a document seen by Reuters showed. Chief Executive Pietro Labriola is seeking about 1 billion euros in savings between now and 2024 while looking...
Spain’s Telefonica Raises Annual Forecast, Posts 320 Million Euro Q2 Profit
Date: July 28, 2022
MADRID (Reuters) -Spanish telecom firm Telefonica on Thursday raised its annual revenue and earnings outlook and reported a net profit of 320 million euros ($326.50 million) for the second quarter. The company’s core earnings came in at 3.15 billion euros, with overall revenue at 10.04 billion euros. A company-provided consensus of analysts expected net profit...
Dutch Telecom Kpn Ups 2022 Targets Saying It Can Limit Inflation Hit
Date: July 27, 2022
(Reuters) – Dutch telecom company KPN NV on Wednesday raised full-year core profit and cash flow outlooks, saying it was confident in its measures to limit the impact of soaring inflation after a solid half-year performance. The group now targets adjusted earnings before interest, taxes, depreciation and amortisation and after leases (EBITDAAL) of more than...
Eutelsat Shares Fall for Second Day on ‘game-Changing’ Deal With OneWeb
Date: July 26, 2022
By Sudip Kar-Gupta and Silvia Aloisi PARIS (Reuters) -French satellite company Eutelsat will suspend its dividend for two years to invest in the development of British rival OneWeb’s satellite network as part of an all-share deal to merge the two groups, the companies said on Tuesday. The proposed deal creates a stronger European competitor to...
Analysis: Orange-MasMovil Deal a Test Case for European Telecom Tie-Ups
Date: July 25, 2022
By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS (Reuters) – Orange and MasMovil’s $19 billion Spanish telecom merger is set to be a test case for whether Europe’s antitrust regulators have become more lenient in approving deals that reduce the number of mobile operators. Buried under debt in small, highly competitive markets, Europe’s telecom operators...