All Financial & Performance articles – Page 32
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Financial & PerformanceVodafone under pressure from activist investor to boost shareholder returns
Bloomberg reports Cevian Capital has built up stake in Vodafone. Unnamed sources say Swedish investment firm putting pressure on Read and management team to move more aggressively on M&A. Accuses Vodafone board of lacking experience and strategic know-how in telecoms. Vodafone share price gets bounce after news breaks of ...
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Network & InfrastructureVantage eyes €1bn EU fund for 5G roads and railways
TowerCo gets its motor running to head out on the 5G highway. Pursues EU-funded 5G Corridor projects. European Commission targets 5G coverage on all transport routes by 2025 and allocates €1bn for cross-border network projects.
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OperationsStaff start exit as Telefónica redundancies tallied
More than 2,000 applications come in for early retirement. Operator rejected 105 requests
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Financial & PerformanceVi reports further losses as government takeover looms
Net loss grows 60% year-on-year, with revenue down 10.7%. Earnings report comes amid expectation that Indian government will take majority stake in struggling JV. Absence of annual profit since launch of Reliance Jio in 2016.
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OperationsBT and TalkTalk footing the YouView bill as losses mount, Arqiva exits
Latest accounts show the TV platform’s shareholders now down to six, with the two operators keeping the venture afloat. R&D budget remains high at £16m, compared to revenue of just £9m. Telcos remain coy on paying subscribers for their TV services.
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Financial & PerformanceTelefónica issues further €5.5bn in green bonds
ESG remains in the Telefónica spotlight with more refinancing at the Group. Decarbonisation and increased executive diversity the criteria for success. Group edges closer to €10bn total volume ambition.
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OperationsVi selling majority stake to Indian government in bid to stay afloat
The state is set to receive a 35.8% stake in Vodafone Idea. Share prices drop around 20% in the wake of the news. Stake will be exchanged for easing of the struggling JV’s considerable debt. Government “do not want to run company”, insists Vi CEO
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Venturing & Investmentshubraum progeny Blinkist turns a profit
Book-summarising startup gets into the black for the first time. Milestone reached decade into life of the business. Deutsche Telekom incubator hubraum exits startup on the cusp of profitability. Operator was early investor in 2012.
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PremiumNew business boosts Atento diversification drive
Former Telefónica subsidiary flags growth in new sectors and USA as it expects legacy revenues from Spanish operator to dwindle. Cyberattack in Brazil disrupted services but will not affect financial guidance.
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PeopleEx-BT chair teed up to lead UK audit regulator
Business Secretary Kwarteng puts Jan du Plessis forward for appointment to chair the FRC amid governance struggles on the audit watchdog’s “underweight” board. FRC in transition, and requires a chair able to partner with government.
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Financial & PerformanceBT’s M&A chaperone boosts takings
Boutique advisory firm Robey Warshaw reports a 50% jump in sales from corporate deal-making tasks. Partner of BT and Vodafone appears primed to benefit from industry’s new wave of consolidation.
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Financial & PerformanceTalkmobile revamp takes a knock from COVID-19
Vodafone UK’s bid to refresh side-business Talkmobile gets bogged down as economising customers and intense competition hit revenue. OpCo still sees inhouse MVNO as a useful defence mechanism against low-cost mobile rivals.
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PremiumKatz: TMUS needs cut through with enterprises
Enterprises don’t know much about T-Mobile US services. But that’s not slowing drive to double enterprise market share. Partnerships are key to business growth ambitions beyond 5G connectivity.
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Financial & PerformanceVodafone close to settling €2.4bn tax dispute with India
Group offers New Delhi a deal after retrospective tax legislation scrapped. Dispute harks back to Vodafone acquisition of Hutchison Essar in 2007. Indian stand-off has long cast a shadow over Group finances, despite recent legal victories.
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PremiumNetcracker BSS gets a digital spruce-up
Upgrade of Vodafone Spain’s existing BSS system aims to deliver improved speed and insight, as well as being able to deal with the complexity of multi-play services.
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PremiumTPG takes hit as Teoh offloads shares
Controversial founder sells 20% of his total stake — the maximum he was able to sell. Move sees TPG valuation drop by AU$ 1bn.
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Strategy & ChangeShip steadied at Deutsche Telekom UK
Much-diminished British unit says increasing app usage generating uptick in usage and revenue. Business assures over “long-term plan” for DT’s operational presence in UK.
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PremiumH1 FY21–22: Openreach enters fibre build phase two
Lonely position as sole BT unit posting positive results for the half year. CEO Clive Selley confident of future return on investment: FTTP rollout moving ahead of expectations; uptake supported by Equinox pricing deal and growing consumer demand.
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Financial & PerformanceTelefónica adds €750m to growing sustainable bond bank
Group takes total financing raised through sustainability-linked bonds to €3.25bn over two years. Funds ringfenced for legacy network upgrades and rural connectivity builds in Germany, Spain, and (potentially) Brazil.
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PremiumH1 FY21–22: Jansen trusts BT Global plan, despite setbacks
CEO focuses on the strategy, rather than current performance, to paint a picture of a viable future for the MNC-focused digital solutions unit. NPS remains a bright spot for Global, highlighting material gains from the BT transformation plan. Declining margins suggest work still to be done on recovery.