All Financial & Performance articles – Page 44
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BlackRock drops to 5% Telefónica shareholding
BlackRock sold a tranche of its shareholding in Telefónica, reducing its stake to less than 5% of Group capital.
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COVID-19 impacts Telefónica Group share prices
Morgan Stanley cut the financial institution’s price target for Telefónica Group to €5.70 per share from €8, while maintaining a “neutral” rating.
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Vodafone losing grip in automotive market
2014 acquisition looks to be on a bad run and struggling to meet buyout rationale. COVID-19 worsening situation. VGE may be tuning up with Vodafone Automotive Deutschland addition. A sign Vodafone had not yet solved long-running headache of how to support bought-in innovation.
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Public Affairs
Supreme Court offers Vodafone scant hope
Top court in the land calls halt to operator self-assessment on fees. Irate judge threatens bosses with jail if liabilities not paid in timely manner. Read meets with India government ministers to seek assistance. COVID-19 lockdown measures provide temporary reprieve.
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Strategy & Change
Wibergh on network impact and continuity measures
Vodafone CTO posted an update on the way the operator is seeking to address changing usage habits following the COVID-19 containment measures seen across Group territories.
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BT reviews senior leadership pay
A change in remuneration policy currently under review, potentially restricting pension allowances.
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Deutsche Telekom’s Q4 FY19: hyped-up Höttges preps master plan update
FY19 sees Group remain on track with short- and medium-term targets. European businesses regaining form. DT now entering new era after supercharging US presence through Sprint merger. COVID-19 outbreak adds to sense of a watershed. Ex-CFO Dannenfeldt trolled over cost savings miss.
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Efficiency now name-of-game in German FTTP rollout
Average cost-per-premises passed dips below €1,000, with further efficiencies anticipated. Agile IT and advance fibre planning supporting an accelerated rollout and streamlined back-office processes. Höttges ready and willing to buy wholesale and collaborate to build fibre momentum with progress on EWE and Stuttgart partnerships flagged.
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Deutsche Telekom’s European division continues to improve, within limitations
CEO Gopalan given till 2024 to progress business revival plan. DT remains cautious, though, with brake held on spend. Outgoing M&A still on agenda, to help turnaround.
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Al-Saleh retained for next phase of T-Sys reboot
CEO gets a two-year extension as results hold up during overhaul. Deal positions 2022 as target year for emergence of revamped T-Sys. Cash flow production remains the big unticked box. DT confirms coming extraction of division’s network activities.
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Buoyant T-Mobile moves into next chapter
Q4 results draw line under pre-Sprint era, continue rapid, Un-Carrier-led growth. American NatCo now producing more revenue than Group’s other three main segments added together. Sprint merger hastily wrapped up as COVID-19 crisis escalates. DT leadership joy evident as transaction goes through with improved terms and seemingly better-than-expected ...
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Vodafone promotions put Gigabit ball back in Telekom Deutschland’s court
Slowdown in Telekom Deutschland broadband user growth evidently concerning leadership and stakeholders. Focus increases on whether FTTP plans need a rethink, to strengthen position.
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Deutsche Telekom Trust pulls away from Ströer SE & Co
Deutsche Telekom Trust (DT Trust), an asset manager for DT’s corporate pension schemes, reduced its stake in outdoor advertising company Ströer SE & Co from 11.3% to 10.1%, reinvesting the proceedings of the sale into other trust assets.
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Telefónica Transformation: ahead of schedule but hitting a bump
Digital services revenue hits 17% revenue increase year-on-year, with the bulk coming from video services. Telefónica Infra remains barebones, but the future looks promising.
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Telefónica guidance: 2019 targets met, just about
Telefónica claims to have met its FY19 guidance, frowing by 3.2%. 2020 stability promised, but Covid-19 means all bets are off.
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Telefónica’s FY19: building a hybrid engine for a juggernaut
Targets on profit and revenue for the year achieved, but Group now guiding for a period of ‘low and slow’ progress on key financial metrics. While financial growth looks hard to come by, Álvarez-Pallete is aiming to create a higher purpose for Telefónica and drive engagement with his transformation ...
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Financial performance: growth peters out for ‘old Telefónica’
Telefónica heralds organic growth in revenue and operating income, but reported figures less glowing with OIBDA and cash flow decline. Enterprise business remains a bright spot for the Group.
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Regional performance: Group savours European stability
FY19 results the first since a tightened focus on four major markets. Volatility in Hispam business seen as justification for focus on key regions.
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Vodafone leadership awaits COVID-19 diagnosis
Share price nose-dives below £1 for first time since 1997. Impact on financial and strategic plans yet to emerge. OpCos focus on network resilience and employee welfare.