Financial & Performance – Page 40
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M&ALiberty CEO puts two-year timeframe on VodafoneZiggo IPO
Fries cautiously tells analysts to watch out for some “activity” at its Dutch JV in the next 24 months. VodafoneZiggo burnishes its IPO credentials with target-busting financials for FY20.
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PremiumTelefónica raises €1bn through sustainable bond issue
Sustainability financing includes social impact and environmental targets. Proceeds to fund fibre networks and connectivity in unserved areas.
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Strategy & ChangeÁlvarez-Pallete gets political as challenges grow
Quiet support for a boardroom coup at Prisa indicates Telefónica’s political muscles as business priorities coincide with larger social challenges. Telefónica supporting government recovery goals, but lobbying for a more favourable investment environment as 5G auction looms. Group emphasising its Europe role as Latin America retreat sees grumbling.
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PremiumBT Q3 FY20–21 results: gone today, (hopefully) here tomorrow
Nobody obviously interested in Q3, but shares down sharply. Calendar of optimism around pandemic bounce back and fresh starts. Jansen despairingly concedes transformation will take at least five years. BT doing best to railroad Ofcom on fibre-critical WFTMR.
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M&AGermany mulls selling stake in Deutsche Telekom
Coalition government considers “scaling back” state holdings in various companies, including Deutsche Telekom. Pandemic-induced financial pressures taking their toll.
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M&AVodafone’s Read coy on Spanish M&A possibilities
“Pragmatic” Vodafone will “always examine opportunities to enhance and strengthen our business”, says Group Chief Executive.
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Strategy & ChangeBT slims down in Brussels: report
Reports emerge that BT Global Services Belgium is planning to cut its staff by 25%. Market changes and COVID-19 impact cited as key drivers. Asset-light strategy apparently reaching Belgian shores.
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Enterprise (B2B)T-Systems eager to flag trio of “mega” renewal deals
Underperforming division, starved of good news recently, claims trio of deals provides “foundation” to grow its portfolio in cloud, digital services and security. Contracts include work in “new growth areas around digital transformation”.
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Financial & PerformanceGo-to-market stasis hits Talkmobile numbers
Vodafone UK’s in-house MVNO yet to report uplift from u-turn on customer acquisition and implementation of new platform.
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Strategy & ChangeElsewhere in Deutsche Telekom Group: Supervisory Board chairman search continues
Ex-BMW CEO Krüger said to have turned down chairmanship. Audit swap said to hit politics. Group gets wind of energy startup MOWEA.
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Financial & PerformanceVi eyes $2bn cash injection
Reports suggest Vodafone’s Indian joint venture will announce funds from a consortium of investors imminently. Fundraising initiative began in September to ease Vi’s debt burden, with 4G expansion also expected to get a boost.
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Innovation (R&D)BT’s Pelipod stashes smart-locker growth
2016 logistics acquisition reports strong top-line increase but remains loss-making. Investment continuing to focus on development of its IoT-enabled boxes. Report follows mid-2020 takeover by BT’s Procurement department.
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Partnerships & AlliancesT-Mobile MONEY partner banks contract extension
White label banking provider BankMobile flags the success of its T-Mobile partnership as a contract extension is signed and Sprint customers added. Vendor aims to add another “large” partner due in 2021.
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PremiumVodafone Q2 FY20–21
Cost-cutting props up performance during COVID-19-hit quarter and CFO indicates she is preparing to step up efficiency plans further. Lag in delivery of leadership’s “Phase Two” plans, including Tech 2025, muddying attempts to assure stakeholders of a brighter future. Lots of talk of “underlying” strength as Group’s leadership seeks ...
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PremiumHeadline numbers: weathering the storm, for now
Key numbers relatively solid, reflecting telecoms sector’s cushioning from worst of pandemic disruption. Cost-cutting props up earnings, offsetting top-line weakness. Results preceded latest coronavirus response measures, which will have exacerbated drag on roaming revenue. Government support measures and resumption of international travel cited as key to maintaining solidity.
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PremiumGuidance: tightly-wound numbers obscure future
On a like-for-like basis, Vodafone Group is holding its own in the pandemic so far and leadership appears confident regarding short-term outlook. Longer-term prospects remain a question mark, however, especially as cost-cutting — rather than the top-line growth — is keeping the Group on a steady course. Asset sales ...