All COVID-19 articles – Page 3
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OperationsDT to halve real estate footprint in cost reduction drive
Group will shutter 50% of its German real estate in the period to December 2024. Expected net savings could reach €200m. Reflective of a “new way of working” at T-Systems and TDE.
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Strategy & ChangeDeutsche Telekom: Capital Markets Day
Capital Markets Day presentations show Group continuing to flourish thanks to big, correct calls over last decade. Group seeks to boost T-Share perceptions and better align itself with T-Mobile US’ rising valuation. Leadership puts money where its mouth is with bulk share buyup following ambitious mid-term strategy update. Höttges ...
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PremiumT-Systems turnaround match goes to a replay
Patience again called for as T-Sys presents COVID-19-afflicted medium-term figures. Chief Al-Saleh wins postponement of positive cash flow target to FY23 as he seeks to realign T-Sys for new normal. More cost cuts coming in IT, infrastructure, and staff as T-Sys seeks to meet expanded savings target. DT wants ...
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Suppliers & SCMVodafone cancels Arch Summit 2021
Cancellation blamed on coronavirus-inflicted restrictions on travel. 2022 dates to be announced in “coming weeks”.
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Strategy & ChangeElsewhere in Vodafone Group: Legal advisory panel refresh; Adobe trumpets VPC ties
Vodafone cancels Arch Summit 2021; Group updates legal advice team; Adobe describes VPC ties as “crucial”.
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M&ATelefónica seeks buyers for logistics unit Zeleris — report
Telefónica España distribution and logistics subsidiary reportedly on the market with a €100m price tag. EY on board to push for a sale as divestment strategy continues across the Group.
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PremiumVodafone Q4 FY20–21 headlines: footing regained and Group ready for climb
Top execs keen to portray Vodafone as ready for bounce-back. Top-line recovery remains Africa- and Germany-centric. Signs domination of efficiency drives may have run course and revenue base needs a boost.
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Partnerships & AlliancesDT and SAP win technical brief for EU’s Digital Green Certificate
Technical development gets underway in race to meet June deadline. Sum of around €15m has been allocated for the technical system. Parliament proposes EU COVID-19 certificate as an alternative name.
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Strategy & ChangeBT in talks to sell BT Sport stake
Early discussions with potential investors underway, as BT seeks strategic partners to “strengthen our sports business”. Volatile sports rights costs, and minimal benefits to ownership within emerging Consumer business model likely prompting talks. BT Sport rumours reignite Openreach sale speculation, underlining the Group’s need to find financial headroom for ...
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Partnerships & AlliancesDT and SAP to develop specs for EU’s Digital Green Certificate
The European Commission is aiming to launch the Digital Green Certificate in June. T-Systems and SAP in a good position to pick up contract for actual set-up of EU gateway. Germany has selected an IBM-led consortium for its digital vaccination pass.
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PremiumSpain ties up 3.5GHz loose ends
Telefónica, Orange each acquire 10MHz concession for €21m reserve price. After elongated allocation process stretching over five years, Telefónica ends up with 100MHz of 5G-friendly 3.5GHz spectrum, second only to Orange (110MHz). Timelines fuzzy for auction of 700MHz and 26GHz frequencies, two other bands long identified by Madrid as ...
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PremiumHeadline data: COVID covered
COVID-19 impacts figures but massively outweighed by Sprint deal and tempered in Europe by NatCo resilience. Group juggernaut rolls on as all key forecasts comfortably surpassed. Höttges goes NSFW to stress DT’s outsized strength versus atrophying European rivals.
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PremiumQ4 FY20: lightweight Hispam division swimming against the tide
FX once again crushes a period of robust defensive plays by Hispanoamérica operating businesses. Argentinian currency devaluation weighs heavily. Restructuring in Mexico provides a gloss to profitability for the final quarter. Management expectations moving on from a sale or spin-out towards development an insulated asset-light unit to minimise the ...
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Strategy & ChangeVodafone Business sharpens focus on SMEs
Vodafone Business unveils 2025 growth plan with pivot to SMEs. Partnerships with likes of Accenture seen as essential for expanding SME services. Group consolidation card played again: services to be created once centrally, and deployed locally in matrix organisation.
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PeopleCheshire puts hat in the ring for BT chair job
Current BT non-exec seeking to buck the trend and encourage Group to look internally for du Plessis replacement. Cheshire brings considerable experience and strong political links, but may lack the skills needed for future battles.
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Strategy & Change
Openreach cites No 10 lack of clarity as key early COVID test
Initial uncertain status of Openreach workforce deemed biggest challenge when ensuring UK connectivity and worker safety through lockdown. Strong chains of command, coupled with responsiveness to staff concerns, said to frame management response. Fears on return to offices and on-premises work may prove the biggest challenge.
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PremiumQ3 FY20–21: Top team turn bullish as growth returns, just
Nick Read and Margherita Della Valle claim Group set for acceleration after sneaking back into growth territory during quarter. European macro and M&A questions continue to overhang claims of confidence in regional prospects, however. Amid continued talk of yet more in-country consolidation, “pragmatic” Vodafone will “always examine opportunities to ...
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PeopleBT’s HR chief admits bumps in Better Workplace plan
Pandemic holds up plan to concertina down to 30 regional hubs, although some movement is expected in 2021. HR Director recognises the need to maintain hybrid working practices even after the pandemic has subsided.
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Network & InfrastructureDT moves goalposts on German infrastructure mega-projects
Headline FTTH and cell site expansion roadmaps reworked. COVID-19 disruption, regulatory barriers, and bad weather cited as contributors. First signs emerge of the Group’s new, pandemic-influenced medium-term planning, due to be laid out later in 2021.
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Strategy & ChangeTelefónica targets SMEs in Spain’s digital recovery plan
Government pours billions into SME digitalisation programme. Telefónica marshals SME portfolio.